Transition Manager – Pensions

PiC

Pension Insurance Corporation (“PIC”) provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. We achieve our purpose by setting Companywide strategic objectives and driving a healthy culture based on our PIC Values of Resilient, Adaptable, and Loyal.

Role purpose

• The role requires the ability to effectively collaborate with Risk, Legal, Origination, Finance, and Operations functions within the Company to manage buy-in and buy-out pension portfolios of varying levels of complexity whilst maintaining our excellent levels of customer service to our policyholders.
• The role requires the ability to build effective and collaborative working relationships with external partners to include but not limited to third party providers, advisors, Trustees and their professional advisers to ensure the seamless implementation of new business and deliver excellent customer service to our policyholders.
• To apply technical knowledge and market insights concerning the transitions portfolio and how any fluctuations may impact our policyholders.
• To deliver strong business outcomes relating to systems, processes, and technology improvements and automation as appropriate, which deliver positive outcomes for the Company brand and market reputation as well as for our policyholders on a consistent basis.
• Our Company values are expected to be reflected in the delivery and performance of every role.

Specific accountabilities assigned to the role of Transition Manager within the Transition function:

• Conducts thorough analysis of PIC insurance contracts, scheme benefit information and supporting data.
• Leads on assigned transition projects from inception to completion ensuring that all objectives are met on time, within budget and in adherence to PIC policies and regulatory requirements.
• Responsible for the development of comprehensive transition plans and strategies, including risk assessment, mitigation plans and continual review against objectives.
• Prepare comprehensive project documentation, including project plans, status reports, action logs, risk/issue logs and post-implementation reviews reflective of the intended audience that demonstrate sound analysis and recommendations for enhancing quality control processes
• Effectively collaborates with internal business functions and external providers such as Trustees and advisors to define the project scope, goals, actions and deliverables of buy-in and buy-out pension schemes subject always to enhancing PIC’s brand and reputation and adhering to the PIC values.
• Takes ownership for their own learning and development in both technical (e.g. data analysis and critical judgement) and non-technical (self-insight and relationship management) skills relevant to the Transitions department.
• Keeps informed of industry trends, market developments, regulatory changes in the public and private sectors, as well as best practices related to defined benefit pension schemes by attending industry seminars, reading and sharing relevant published articles.

Knowledge

• Good technical knowledge of transition projects in the insurance industry
• Established knowledge of buy-in and buy-out pension schemes

Skills

• Strong organisational skills
• Strong communication skills
• Attention to detail
• Analytical skills
• Ability to persuade and influence both directly and indirectly
• Project management skills
• Ability to organize work to meet deadlines
• Ability to work within defined procedures as recommended by functional teams
• Commercial judgement
• Good working knowledge of MS Excel, MS PowerPoint, MS Word.

Experience

• Recognised qualification in project management, change management or strong employment record of pension administration
• Experience in developing effective monitoring and quality control processes
• Experience of delivering change management projects with minimal disruption/impact to customer service levels
• Experience working in a corporate or consulting environment in a client facing capacity
• Capable and willing to work towards achieving the relevant qualification to support career development

DEI at PIC

At PIC, we believe that true innovation stems from embracing diverse perspectives, backgrounds and experiences. We are committed to building a workplace where every individual, regardless of race, gender identity, sexual orientation, disability, age, religion, or socio-economic background, feels valued, heard and empowered to succeed. We hold ourselves accountable through ongoing initiatives, such as inclusive hiring practices, and equitable career development opportunities that support belonging and community. While we’re proud of our progress, we recognise there’s work ahead, and we remain dedicated to listening, learning and evolving together.

In addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you will get access to some great benefits, including private medical insurance, 28 days’ annual leave (excluding bank holidays), a generous pension scheme and much more.