DB Pensions Senior Technical Analyst (Bulk Purchase Annuities - BPA)
Our client is an ambitious BPA business on an accelerated growth trajectory. They seek a talented Senior Technical Analyst, highly adept at Pensions Data (for BPA scheme onboarding), scheme rules and entitlement calculations. The role is at a pivotal stage of their growth and offers an exceptional career development opportunity.
About the Employer
This leading UK life and pensions provider has a strong track record in delivering long-term financial security for policyholders. As part of a wider life business, the company has entered the DB Pensions Bulk Purchase Annuities (BPA) market and is positioned for exceptional growth providing an exciting ground-floor opportunity for people joining at this time. Over the past 12 months, the DB Pensions BPA division has been built from the ground up, forming a highly skilled core team. Now in growth mode, this is an exciting opportunity to join at a pivotal stage, gaining hands-on experience in the evolving BPA landscape as the business continues to expand its market presence.
Key Responsibilities
* Support the Head of BPA Transitions in managing BPA transactions across the DB landscape. Provide technical expertise and support across the business with particular expertise in Data, calculations, scheme rules, etc.
* Collaborate with stakeholders to gather requirements, understand data, and recommend process improvements.
* Assist in specifying and testing system enhancements to support BPA operations.
* Deliver change requests for customer communications, workflow amendments, and process updates.
* Identify and address regulatory and legislative changes affecting BPA.
* Participate in the implementation of regulatory updates and product changes.
* Support knowledge sharing within the team and help develop colleagues.
* Provide technical advice to internal and external stakeholders.
* Ensure compliance with legal, regulatory, and company standards.
* Notify the Head of BPA Transitions and regulators of any compliance matters as required.
Experience & Qualifications
* In-depth knowledge of Defined Benefit pensions, Bulk Purchase Annuities, and related legislation
* Strong understanding of pension administration processes
* Experience with process improvement techniques experience with GMP Calculations
This is an exciting opportunity to play a key role in BPA transitions, working in a collaborative and fast-paced environment while ensuring regulatory compliance.