Transition Manager at M&G Plc in Reading

Transition Manager

Location: Reading

At M&G, our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions.

Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.

Through telling it like it is, owning it now and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.

We will consider flexible working arrangements for any of our roles and offer workplace adjustments to ensure you have the support you need to succeed in your role.

Transition Manager

Pension Risk Transfer (PRT) is a division within M&G Life with a remit is to design and deliver bulk purchase annuities and alternative de-risking products for Defined Benefit pension schemes. Due to ongoing success and a strong opportunity, the team is adding headcount in a number of areas.

The Transition Manager is responsible for the end to end transition process including managing individual schemes and development of the transition management processes.

Key Responsibilities for this role:

• Responsible for the transition process of buy in schemes into the business and the transition of scheme from buy in to buy out (including attaching DC benefits)
• Management of the data verification / post sales pricing process
• Perform data validation and quality assurance checks on scheme data, working with Operations and clients to resolve issues
• Participate in external sales presentations and support the Origination team where appropriate
• Produce and own transition plans with clients and internal stakeholders
• Act as key internal contact point for all queries relating to the agreed schemes
• Work with the Operations team to resolve complex queries
• Own the residual risk due diligence process.
• Support the broader team with new initiatives and propositions

Key Knowledge, Skills & Experience:

• Strong relationship management skills
• Strong analytical and problem solving skills
• Strong data analysis and validation skills with the ability to identify and investigate data quality issues
• Experience interpreting and validating Defined Benefit pension scheme data
• Financial Services & Insurance knowledge, especially around defined benefit pension de-risking, with profits, longevity swaps and investment solutions (including Defined Contribution investment solutions)
• Experience of due diligence processes and procedures
• Experience of transitioning data from Pension Schemes to Insurers, Insurer to Insurer transfers and across administration platforms
• Passion for the customer
• Pension Technical knowledge desirable
• Effective written and presentation skills
• High degree of honesty, integrity and discretion

Work Level: Experienced Colleague

Location: London or Reading

Recruiter: Amy Curtis

What we offer:

We’re dedicated to supporting your wellbeing and helping you thrive, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, and financially plan for the future. Our UK benefits include:

• A valuable pension scheme of up to 18% (13% made up of employer contributions and 5% employee contributions).
• Access to our Share Save and Share Incentive Plan, alongside financial wellbeing and support services to help give you real confidence to put your money to work.
• Enjoy 38 days annual leave (including bank holidays), with the opportunity to purchase up to five extra days. Our Time Off When You Need It policy gives you the flexibility - to balance work and personal commitments.
• Our market-leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - because supporting families is an important part of our inclusive culture.
• Health & Protection cover includes Private Healthcare, Critical Illness cover and Life Assurance for you, with additional family options - for peace of mind.

To explore more about life at M&G and our full benefits offering, visit Life at M&G

At M&G we strive to have a diverse workforce and an inclusive culture, underpinned by our policies and employee-led networks that offer networking, support and development opportunities for the diverse communities our colleagues represent. We welcome applications from people of all backgrounds – across gender, ethnicity, age, disability, sexual orientation and more – including neurodivergent individuals, career returners and those with military service experience.

M&G is proud to be Level 3: Disability Confident Leader under the UK Government Disability Confident employer scheme, and we welcome applications from candidates with disabilities and long-term health conditions. If you would like to participate in the initiative, you will have the opportunity to indicate this on your application.

We are committed to providing an inclusive recruitment process. All candidates have the opportunity to request reasonable adjustments when applying. If you need any additional support at any stage, please contact us at: careers@mandg.com