BPA Transition Manager

Based London or Birmingham 

Permanent Position

£50,000 - £62,500 + Bonus & Benefits

At Phoenix Group, our talented people act with integrity, deliver on promises and care about our customers, charities, and our role in the wider economy.  Were really proud of our legacy of helping our customers plan responsibly for their future.  We utilise our diversity of outlook and unrivalled expertise to serve our customers better than anyone else.   Working together for the right reasons we can achieve great things; for you, for our customers, for the business, and for society as a whole.

Phoenix Group is building a thriving and growing open business.  Bulk Purchase Annuities (BPA) has been identified as a key driver of this growth. To achieve this, we are seeking a BPA Transition Manager to join our operations team at an exciting time, as we shape our proposition and the way we work to support our growth ambition.

The primary focus of this role will be to manage the successful onboarding of new transactions in line with the Groups strategic operating model, supported by BPA Operations Analysts and reporting to the management team. A combination of subject matter expertise and project management skills are the core skills required for this role.  The ideal candidate will also have excellent interpersonal skills with the ability to engage with and influence a variety of stakeholders across the business and externally.

 Key Responsibilities

To manage the onboarding and integration of new transactions in line with the Groups strategic operating model and contractual obligations, ensuring adherence to agreed standards and resolving or escalating issues where needed.

To manage the transition from buy-in to buy-out for existing BPA clients.

To ensure that the Group manages BPA transactions in line with its contractual obligations.

To support the delivery of key strategic projects in the bulk annuity space and development of new capabilities.

To manage the Groups ongoing relationship with the schemes trustees and advisers, agreeing timescales and being the key channel of communication.

Day to day oversight of the Groups administration partners.

To provide regular reporting and MI to the management team.

To support co-ordination of internal and external resources.

To identify and mitigate risk within the BPA function.

What Were Looking For

Essential 

Knowledge of defined benefit pensions and relevant regulations.

Excellent project management, planning and organising skills.

Track record of developing and maintaining strong relationships and to influence stakeholders.

Experience of managing external relationships professionally and with commercial awareness.

Demonstrable ability to find and implement solutions to problems or improvements to existing processes.

Self-motivated and able to work independently.

Desirable

Experience of the bulk purchase annuity market.

Project management and/or PMI qualifications.

What We Offer

Bring your whole self, skills and dedication to the Phoenix Group and well recognise your effort, support your development and help to drive your ambition. Well ensure youre rewarded for your contribution with a competitive package that includes an attractive pension, annual bonus potential, private medical insurance, generous holiday entitlement, enhanced maternity and adoption leave and a range of other financial services and lifestylex flexible benefits. 

Join us and you join a unique organisation. Its not just the 14 million policyholders we serve, or the £300 billion of assets we look after. Or that were a FTSE 100 company that has been listed as one of the UK's Top Employers for nine years running.  Its our talented, inclusive and diverse workforce that makes us a success.  We offer flexible working opportunities ensuring we attract and retain the very best of talent. Find out about more about our peoples stories, our values and our commitment to diversity.

 Online Interviews and Onboarding

All our interviews, onboarding and new joiners are now managed remotely.  We have in place a strong virtual support network to ensure new colleagues are supported and developed as they navigate their first few months with us.

About Us

Phoenix Group is a member of the FTSE 100 index and is the UKs largest long-term savings and retirement business. We specialise in the acquisition and management of Heritage life insurance and pension funds. Weve businesses in the UK, Germany and Ireland and hold a broad range of both Heritage and Open products split across three key business segments: UK Heritage, UK Open and Europe.  Our open business manufactures and underwrites new products and policies to support people saving for their future in areas such as workplace pensions and SIPPs, primary under the Standard Life brand. And we market corporate pension trustee services and manufacture products to be sold under other brands. Did you know Phoenix Life manufactures SunLifes market leading Guaranteed Over 50s plan? 

We value diversity in our workforce and welcome enquiries from everyone.

Closing date: Sunday, 31st January 2021.