Transition Manager/Senior Manager | BPA

Transition Manager / Senior Transition Manager

Bulk Purchase Annuities (BPA)

Location: London, Reading, Leeds or Manchester (flexible)

A growing transition management team is looking to hire a Transition Manager or Senior Transition Manager to support the delivery of bulk annuity transactions.

This is a client-facing role focused on managing the journey of pension schemes through the BPA process, from initial transaction through to buy-in and ultimately buy-out. The role sits at the heart of the transaction process and works closely with pricing, origination and execution teams while maintaining strong relationships with trustees and scheme stakeholders.

The Role

You will support the delivery of bulk annuity transactions and play a key role in managing pension scheme transitions.

Responsibilities include:

• Supporting BPA pitch activity and transaction processes
• Attending and contributing to client and trustee meetings
• Working closely with pricing and transaction teams during deals
• Managing scheme transitions from sale through to buy-in and buy-out
• Acting as a key relationship contact for pension schemes throughout the transition process
• Coordinating internal teams and ensuring smooth delivery of transactions

What They Are Looking For

• Strong knowledge of defined benefit (DB) pensions
• Understanding of bulk annuity / BPA transactions
• Experience supporting or managing pension scheme transactions
• Ability to build strong client relationships
• Comfortable explaining technical pension concepts clearly to non-technical audiences
• Strong organisational and project management skills

Backgrounds That Work Well

Candidates often come from:

• Pensions consulting firms
• Actuarial teams
• Bulk annuity or pension risk transfer teams

Actuarial qualifications are not required, but actuarial backgrounds are welcomed.

Additional Experience That Would Be Useful

• Exposure to investment matching
• Experience supporting BPA transactions or pension scheme buy-ins / buy-outs
• Project or transition management experience within pensions

Location

This role offers flexible location options including:

• London
• Reading
• Leeds
• Manchester

If you're working in DB pensions or bulk annuities and enjoy the client side of transactions, this is a great opportunity to move into a role focused on managing deals and building long-term scheme relationships.