BPA Transition Manager

Utmost International; United Kingdom; On-site; GBP 60,000 - 80,000; Full time

Job summary

A financial services company in the UK seeks a professional to support the execution and onboarding of Bulk Purchase Annuity business. Responsibilities include managing project plans and relationships with Trustees and EBCs throughout transitions. The ideal candidate will have strong project management skills and comprehensive knowledge of the UK Defined Benefit Pensions market. This role requires adaptability and an understanding of compliance standards, ensuring operational readiness for each transition.

Qualifications

• Experience in the BPA market and the transition process is mandatory.
• Proven experience in managing projects and client relationships.

Responsibilities

• Support execution and onboarding of BPA business and transition schemes.
• Build and drive project plans for buy-in execution and transitions.
• Manage operational relationships with EBCs/Trustees throughout processes.

Skills

Knowledge of UK Defined Benefit Pensions

Project management skills

Communication skills

Negotiation skills

Adaptability

Job description

Responsibilities

• Support the Head of BPA Transition with the successful execution and onboarding of Bulk Purchase Annuity business and the transition of schemes onto ULPs administration platform.
• Build and drive project plans for each proposed buy-in execution.
• Build and drive project plans for each transition to buy-out, including the true-up.
• Manage the operational relationships with EBCs/Trustees/ceding administrators throughout the transition processes.
• Represent Utmost in Trustee and EBC meetings.
• Work collaboratively and manage the operational relationships with Trustees and ceding administrators during the post-buy-in period.
• Ensure operational readiness is achieved for each new transition.
• Support the preparation of contractual documents and individual policy documents.
• Keep abreast of industry issues and developments.
• Identify and elevate emerging issues.
• Any other task or activity as may be reasonably expected within this role.
• Maintain competence and fitness and propriety standards to the level required by the Company’s regulators.
• Comply with the FCA’s conduct (and senior conduct) and Consumer Duty rules and the PRA’s conduct (and senior manager conduct) standards as set out.
• Notify the regulator(s) of matters reasonably expected to be notified.

Core Competencies

• Knowledge of UK Defined Benefit Pensions and the BPA market.
• Excellent knowledge of the BPA process, from deal execution to buy-out.
• Strong project management skills.
• Able to build productive relationships at all levels.
• Good presentation, communication, negotiation skills.
• Pro‑active, pragmatic, adaptable and flexible.

Experience and Qualifications

Mandatory

• Experience of the BPA market and the transition process.
• Proven experience of managing projects and client relationships.