Pension Onboarding Specialist
Recruiter
BCT Resourcing
Listed on
9th July 2022
Location
London
Type
Permanent
Start Date
2022-07-06 10:01:29
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Pension Onboarding SpecialistA pension onboarding speacilist is sought by the client to take on the following responsibilities:
Successfully on-board new schemes into the operating model making sure that all administration and valuation requirements are met Work closely with Transition Managers to deliver successful onboarding Support the Head of Pension Operations in providing a high level of service to clients and policyholders at all times Understand work within Pension Corporations Guideline on Treating Customers Fairly (TCF) Work closely with the transition manager to deliver successful onboarding for the life insurer and Scheme Trustees Take a lead role in on-boarding new schemes into the life insurer operating model making sure that: * All scheme benefits are fully understood and specified * Incoming data is fit for purpose for administration * Incoming data is fit for purpose for actuarial valuation * Parallel payroll and increase runs have been fully tested and signed off * Complete detailed analysis to make sure data is ft for purpose and satisfies all the life insurers requirements * Take a lead role in data reconciliation and data verification work * Includes shadow payroll and pension increase testing * Work closely with the outsourced administration team to make sure all onboarding requirements are met, such as: * Calculation automation
Website release All processes and documentation required Work closely with the internal actuaries to make sure valuation data requirements are fully understood and documented Resolve data issues as required to achieve this Prepare (and present where required) MI to the life insurers internal stakeholders and Senior Management Lead calls/meetings with outsourced administrator to achieve desired timeframes and outcomes Identify and implement improvements/efficiencies in the administration model Please apply online to be considered for this role.
