Senior Transition Manager

Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. 

Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.

Through 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.

The Role:

Pension Risk Transfer (PRT) 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 Senior Transition Manager is responsible for the end to end transition process including managing individual schemes and development of the transition management processes.

Key Responsibilities for this role:

• Responsible for the transition process of buy in schemes into the business and the transition of scheme from buy in to buy out (including attaching DC benefits).
• Management of the data verification / post sales pricing process.
• Own the Matching Adjustment compliance process for allocated schemes
• Develop and refinement of the transition process putting in place best in class transition services.
• Participate in external sales presentations and support the Origination team where appropriate.
• Produce and own transition plans with clients and internal stakeholders.
• Act as key internal contact point for all queries relating to the agreed schemes.
• Work with the Operations team to resolve complex queries
• Negotiation of operational clauses in the contract.
• Own the residual risk due diligence process.
• Support the broader team with new initiatives and propositions

Key Knowledge, Skills & Experience:

• Strong relationship management skills
• 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

Job Level: Manager/Expert

Location: London/Reading

Closing Date: 30 March 2026

What we offer:

At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:

• As a savings and Investments firm we are proud to offer a valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions. We also offer Share Save and our Share Incentive Plan, together with access to financial wellbeing and support services - to help give you real confidence to put your money to work.

• Enjoy 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy – to balance your work and personal commitments.  

• Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - as supporting families is a core aspect of our inclusive culture.

• Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options - for peace of mind.

To explore more about life at M&G and our full benefits offering, visit Life at M&G

We have a diverse workforce and an inclusive culture at M&G, 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. 

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: careers@mandg.com