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Technical Pension Onboarding Specialist

Posted 11 hours 15 minutes ago by Jobtailor

Permanent

Full Time

Other

London, United Kingdom

Job Description

Responsibilities

Support the Head of Pension Operations in always providing a high level of service to clients and policyholders.
Collaborate with PIC transition manager to deliver successful onboarding for PIC and Scheme Trustees.
Take a lead role in on-boarding new schemes into the PIC operating model ensuring all scheme benefits are fully understood and specified, that incoming data is fit for purpose for both administration and actuarial valuation, and ensuring parallel payroll and pension increase runs have been fully tested and signed off.
Complete detailed analysis to make sure data is fit for purpose and satisfies all PIC requirements by taking a lead role in data reconciliation and data verification work, and shadowing payroll and pension increase testing.
Collaborate with Outsourced Admin Team and Customer Experience Team to ensure operational readiness for delivery of successful onboarding for PIC and Scheme Trustees, including calculation automation, website release, communications and ensuring all process and documentation requirements and ready for go live.
Collaborate with PIC internal actuaries to make sure valuation data requirements are fully understood and documented, including resolving data issues as required to achieve this.
Lead calls/meetings with outsourced administrator to achieve desired timeframes and outcomes.
Prepare MI for PIC internal stakeholders and Senior Management.
Identify and implement improvements/efficiencies in PIC's administration model.
Ensure that the projects being completed meet agreed milestones and deliverables, whilst also meeting expected standard in quality.
Complete internal projects relating to new business onboarding into the PIC model.
Understand and work within Pension Corporation's Guideline on Consumer Duty.

Requirements

Good technical knowledge of defined benefit pension schemes
Familiar with project management techniques
Familiar with pension buy-ins & buy-outs and transitions process
Working GMP Equalisation knowledge desirable
Ability to persuade and influence both directly and indirectly
Ability to organize work to meet deadlines
Ability to work within defined procedures as recommended by functional teams
Effective collaboration with key stakeholders
Good working knowledge of MS PowerPoint, MS Word.
Good level of Microsoft Excel competency (intermediate) with a keen desire to develop existing knowledge.
High level of DB pension experience
Experience in DB pension scheme onboarding
APMI or willing to work towards achieving it
Experience working with bulk scheme data and large data sets