The Role
The Pensions Operations Specialist supports the development and implementation of new pension propositions, manages operational queries, drives continuous improvement, and conducts due diligence on business transactions.
Summary Generated by Built In
At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients, and superior shareholder returns.
Through our behaviours of 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 also offer work place accommodations to ensure you have what you need to effectively deliver in your role.
Pensions Operations Specialist
Corporate Risk Solutions (CRS) 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 Pensions Operations Specialist is responsible for supporting the development and implementation of new propositions developed with CRS. This includes due diligence to understand the quantum of risks being accepted, implementation activities and reporting activities .
Key Responsibilities for this role:
• Support the development of new propositions operating models
• Act as a key point of contact for all operational queries associated with new business transactions
• Delivery of the operational model
• Provide technical guidance to the team on matters such as GMP equalisation, franking etc.
• Responsible for setting and managing the operational clauses of Insurance transactions
• Provide regular communications and updates to both internal and external stakeholders of the latest roadmap, changes and updates
• Drive continuous improvement through innovation and the seeking out and acting on new opportunities
• Carry out due diligence on new business transactions to allow PAC to decide on the appropriate risk premium for non financial risks
Key Knowledge, Skills & Experience:
• Strong analytical and problem solving skills
• 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: Reading
Recruiter: Amy Curtis
Closing Date: 25/04/2025
We have a diverse workforce and an inclusive culture at M&G plc, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.
M&G is also proud to be a Disability Confident Leader , and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions.  Being a Disability Confident Leader means that candidates who meet the minimum criteria of a job, will be offered an interview if they 'opt in' to the scheme when applying.
If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: [email protected]
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Top Skills
Data Transitioning
Defined Benefit Pension Schemes
Financial Services
Insurance Transactions
Risk Management
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