Head of BPA Operations

Day -1• Design and implement the Bulk Purchase Annuity (BPA) transition process for both Buy-ins and Buyouts within Utmost Life and Pensions.• Design and maintain the target operating model for the BPA Transition Team.• Support Utmost Life and Pensions with the design and implementation of its BPA administration operating model and ensure operational readiness in line with business plans. Day 0• Support the Head of BPA Business Development with relationships and engagements with EBCs/Trustees, specifically from an operational and transition perspective.• Build the BPA Transition Team to support pipeline of new business. • Support the triage of potential new business• Support the preparation of contractual documents and individual policy documents.Day 1+• Build and drive project plans for each proposed transition.• Manage the operational relationships with EBCs/Trustees/ceding administrators through the transition processes • Manage the operational relationships with Trustees and ceding administrators during the post-buy-in period.• Pro-actively lead the BPA Transition Team through each transition.• Ensure operational readiness is achieved for each new transition.• Collaborate with relevant internal functions for developing and improving processes for the on-boarding of schemes.• Keep abreast of industry issues and developments.• Identify and escalate 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 Consumer Duty rules and the PRA’s conduct standards.• Notify the regulator(s) of matters reasonably expected to be notified.Core Competencies:• Strong knowledge of UK Defined Benefit Pensions and the BPA market.• Excellent knowledge of the BPA process, from deal execution to buy-out• Strong management skills. Facilitator and coach, able to bring the best from a team.• Strong project management skills.• Able to build productive relationships at all levels.• Good presentation, communication, negotiation skills.• Pro-active, pragmatic, adaptable and flexible.• Supplier relationship management.Experience and Qualifications:Mandatory• Experience of the BPA market and the transition process.• Proven experience of managing a team and managing projects.
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