Transition Manager

Rothesay is the UK’s largest pensions insurance specialist, purpose-built to protect pension schemes and their members’ pensions. With over £68 billion of assets under management, we secure the pensions of more than one million people and pay out, on average, approximately £200 million in pension payments each month.

Rothesay is dedicated to providing excellence in customer service alongside prudent underwriting, a conservative investment strategy and the careful management of risk. We are trusted by the pension schemes of some of the UK’s best known companies to provide pension solutions, including British Airways, Cadbury, the Civil Aviation Authority, the Co-Operative, Morrisons, Smiths Industries and Telent.  At Rothesay, we are striving to transform our industry. We believe deeply in creating real security for the future and our leadership in finding new and better ways to do that is the key to our success. To do that, we need the very brightest original thinkers to bring creativity as well as rigour. Rothesay is a rewarding place to work, where quality people can thrive and prosper. We pride ourselves on the connections our people build, many of whom have been with us for over ten years.

 Job title:                      Scheme Transition Manager

Reports to:                   Head of Transitions

Role type:                    Permanent

SMCR classification:    Conduct staff

 The Scheme Transition Manager role sits within the Transitions team at Rothesay whose core responsibilities include working closely with key internal and external stakeholders to support the implementation (“onboarding”) of new clients covering all de-risking transaction types. The Scheme Transition Manager will become involved with a new client from the point of initial due diligence and will remain involved through to final premium adjustments and issuance of Individual Policies, if applicable.

The team is formed of experienced analysts and managers, and works closely with Pricing Actuaries, Business Development, Technology, and the Liability Operations teams.  As a Scheme Transition Manager, you will have the opportunity to look after all aspects of new deal transactions and be responsible for the trade implementation in-house and ongoing client relationship management with the scheme.  Automation is key to long term business scalability and continued efficiency drives will ensure the team remains the go-to option for new business transactions. The work is fast paced and constantly expanding - the role presents a great opportunity to join an exciting, technical, and dynamic project-based team. 

This multifaceted role would suit an individual with a background in DB pensions consulting, who is comfortable working with data and confident in communicating with internal and external stakeholders.  Other backgrounds will be considered if the required skills and competencies are demonstrated.

Job Responsibilities:

• Oversight of new business and long term buy-in transactions.
• Manage a portfolio of implementations, acting as a single point of contact for Trustees and their advisors and responsible for working with other teams internally to resolve any issues in a timely manner.
• As required, participate in new business pitches to present Rothesay’s service capabilities and our implementation processes & timelines.
• For Buy Out and Residual Risk transactions, contribute to detailed due diligence on pension scheme’s admin records and data to ensure that key cleansing items are identified.
• Work with the business development and execution teams to agree key contractual terms for each transaction.
• Develop and manage project plans ensuring that both contractual and customer commitments are delivered on time, chairing regular implementation meetings with clients and their administrators as appropriate.
• Work with our TPAs to draft and develop individual policy documentation, where required. Ensuring that the benefits described are in line with those secured by the client and then oversee the issuance of policies to the scheme members.
• Work with the Rothesay Operations team to ensure a seamless handover of clients into BAU admin once the implementation phase is completed.
• Maintain and produce accurate management information as required, and deliver presentations to internal and external stakeholders (including senior management).
• Lead in developing firmwide initiatives which generate further efficiencies, both internally and to improve the client experience.
• Keep up to date with legislative, product and market changes affecting our core business and the products that Rothesay offer.

Skills and experience required:

• Technical DB pensions knowledge including regulation and benefit structures - gained through a background in operations, implementation or consulting.
• Good understanding of de-risking market and associated products.
• Exposure to working with or for pension advisory firms.
• Excellent verbal and written communication/presentation skills - ability to communicate effectively and confidently with external and internal stakeholders at all levels of seniority.
• Strong analytical and problem-solving skills - demonstrate a high level of attention to detail.
• Good evidence of successful project management planning & delivery and stakeholder management skills.
• Is self-sufficient, organised and accountable – lead on projects through to completion.
• A team player - able to help others both in and out of the team where appropriate.

Rothesay competencies:

• Technical Skills - Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his/her knowledge and demonstrates appropriate analytical skills
• Drive and Motivation – Be a self-starter; successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks
• Teamwork – Demonstrate evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions
• Communication Skills - Communicates what is relevant and important in a clear and concise manner and shares information/new ideas with others
• Judgement and Problem solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyses complex issues
• Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value
• Influencing Outcomes - Presents sound, persuasive rationale for ideas or opinions. Takes a position on issues and influences others' opinions and presents persuasive recommendations

 Disclaimer

This position description is intended to describe the duties most frequently performed by an individual in this position. It is not intended to be a complete list of assigned duties, but to describe a position level.  The role shall be performed within a professional office environment. Rothesay has health and safety polices that are available for all workers upon request.  There are no specific health risks associated with the role.

Inclusion

Rothesay actively promotes diversity and inclusivity. We know that our success depends on our people and that by nurturing a culture that values difference, we create a stronger, more dynamic business. We welcome applications from all qualified candidates, regardless of race, colour, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability or age.