Pensions Calculation Analyst | Job in Bromley

In the dynamic and compliance-driven financial services sector we are seeking a skilled and dedicated Pensions Calculation Analyst to join our team in London. This role offers an exciting opportunity to contribute to the accurate calculation, validation, and reporting of pension benefits for our diverse clientele.

• Perform complex calculations for various pension schemes, ensuring compliance with relevant regulations and best practices.
• Validate and verify the accuracy of data used in calculating pension benefits.
• Collaborate with colleagues from different departments to ensure seamless delivery of accurate pension calculation services.
• Prepare detailed reports and documentation on calculated pension benefits for clients and internal stakeholders.
• Stay updated with changes in pension legislation and regulation, ensuring our calculation methods remain current and compliant.
• Support the development and implementation of new systems or processes to enhance the efficiency and effectiveness of our pension calculation services.
• Provide exceptional customer service, responding promptly and professionally to client inquiries and requests.
• A degree in Mathematics, Actuarial Science, Finance, or a related field is essential. Advanced qualifications, such as FIA or equivalent, would be highly desirable.
• Proven experience in a similar role within the pensions industry is required.
• Strong analytical and numerical skills with the ability to handle complex calculations accurately and efficiently.
• Excellent attention to detail with the ability to validate and verify data effectively.
• Proficient in using Excel, SQL, or other relevant software for data analysis and manipulation.
• Exceptional communication skills, both written and verbal with the ability to explain complex concepts clearly and concisely.
• A team player who can collaborate effectively with colleagues from various departments and at all levels of the organisation.
• Knowledge of UK pension legislation and regulations is essential, while international experience would be highly desirable. Join our team and contribute to the accurate calculation and reporting of pension benefits for our diverse clientele. We offer a supportive and collaborative work environment, alongside competitive salary and benefits packages. If you thrive on accuracy, attention to detail, and problem-solving in a fast-paced financial services environment we would love to hear from you!

Job Obligations

In this role as a Pensions Calculation Analyst within our dynamic and forward-thinking organization, you will be responsible for the accurate calculation and administration of pension schemes for our diverse range of clients. Here's an overview of the key job obligations:

*Pension Scheme Administration

• : Manage the day-to-day administration of various pension schemes, ensuring all data is accurately recorded and up-to-date in a timely manner. This includes processing contributions from employers and members, maintaining scheme records, and generating regular reports as required.

• *Calculation and Valuation

• : Perform complex pension calculations based on actuarial valuations, including benefit entitlements, accrued benefits, transfer values, and commutation factors. Ensure the accuracy of these calculations by applying relevant legislation, regulations, and scheme rules.

• *Regulatory Compliance

• : Stay updated with changes in pensions legislation and regulation, and implement any necessary adjustments to our processes and systems accordingly. This includes ensuring compliance with The Pension Regulator's requirements.

• *Stakeholder Communication

• : Prepare and distribute pension communications to scheme members, trustees, and other stakeholders. This may include annual benefit statements, notifications of changes in scheme rules or member benefits, and responses to enquiries about pension entitlements.

• *Project Work

• : Assist with the implementation of new pension schemes or changes to existing ones as required. This could involve working closely with other departments within the organization, as well as external advisors and stakeholders.

• *System Maintenance and Improvement

• : Maintain and update our pensions administration systems to ensure they are efficient, effective, and secure. Identify opportunities for system improvements and implement these where feasible.

• *Continuous Professional Development

• : Actively seek out learning opportunities to enhance your knowledge of pensions and pension administration, including attending industry seminars and workshops, reading relevant literature, and participating in online forums.

• *Teamwork and Collaboration

• : Work collaboratively with colleagues within the pensions team and across other departments as necessary. This includes providing support and assistance to junior members of the team, as well as contributing to cross-functional projects.

Professional Skills

In this role as a Pensions Calculation Analyst, you will be expected to demonstrate proficiency in the following key skills:

*Technical Expertise

• : You should possess a strong understanding of pensions calculation methodologies, legislative requirements, and industry best practices. Familiarity with pension software and databases is essential. Knowledge of SQL, VBA, or similar programming languages for data manipulation would be advantageous.

• *Analytical Ability

• : You will be required to conduct complex calculations, perform rigorous checks, and identify errors accurately in large datasets. Your ability to analyze data critically and present findings effectively will be vital.

• *Attention to Detail

• : Given the sensitivity of pension calculations, meticulousness is a must. The role involves dealing with financial figures that require utmost precision and accuracy.

• *Problem-Solving Skills

• : You should be able to independently troubleshoot issues related to pensions calculations and devise effective solutions. Collaboration with the team may also be required to find optimal resolutions.

• *Communication Skills

• : Excellent verbal and written communication skills are essential for liaising with various stakeholders, including clients, colleagues, and management. You will need to clearly explain complex calculations and their implications.

• *Organizational Skills

• : The ability to manage multiple tasks simultaneously, prioritize effectively, and adhere to strict deadlines is crucial in this role.

• *Regulatory Awareness

• : Familiarity with UK pension regulations (such as the Pensions Act 1995 and the Pension Schemes Act 2008) is highly desirable.

• *Continuous Learning

• : The pensions landscape is constantly evolving, so a willingness to stay updated on industry trends, regulatory changes, and emerging technologies is essential for success in this role. By joining our team as a Pensions Calculation Analyst, you will have the opportunity to develop your skills further within a dynamic and supportive environment while making a meaningful contribution to the financial security of individuals in London. We welcome candidates who are passionate about pensions and are eager to grow with us.

Candidate Expectations

We are a leading financial services organization based in the heart of London, specializing in pensions and retirement solutions. We are currently seeking a talented and motivated Pensions Calculation Analyst to join our dynamic team. This is an exciting opportunity for someone who enjoys complex problem-solving, has a strong analytical mind, and thrives in a fast-paced environment. In this role, you will be responsible for:

• Calculating and verifying pensions entitlements and benefits based on various factors such as service, salary progression, and pension scheme rules.
• Ensuring accurate and timely processing of member requests related to pension calculations.
• Collaborating with internal teams and external stakeholders to resolve complex queries and issues efficiently.
• Participating in the development and improvement of our pensions calculation systems and processes.
• Maintaining a high level of data integrity and ensuring compliance with relevant regulations.
• Contributing to ad hoc projects and initiatives as required. The successful candidate will have:
• A degree in Mathematics, Actuarial Science, Finance, or a related field. Professional qualification such as FIA/FFA is desirable but not essential.
• Proven experience in pensions calculation, preferably within a pension scheme administrator or actuarial consultancy.
• Strong analytical and problem-solving skills with the ability to handle complex calculations accurately and efficiently.
• Excellent attention to detail and data management skills.
• Excellent communication and interpersonal skills with the ability to explain technical information clearly and concisely to various stakeholders.
• A proactive approach to work with a strong desire to learn and develop professionally.
• Familiarity with Microsoft Excel is essential; experience with pensions calculation software such as ABACUS would be advantageous.
• Competitive salary and benefits package.
• Opportunities for professional development, including training and career progression.
• A supportive and inclusive work environment where your contributions are valued.
• A central London location with excellent transport links.
• The chance to work on challenging and rewarding projects in a dynamic team of professionals. If you are passionate about pensions and retirement solutions, thrive in a fast-paced environment, and want to make a meaningful contribution to our organization we would love to hear from you. Apply today to join us on this exciting journey!

Career Opportunities

*Career Opportunities: Pensions Calculation Analyst *

Join our dynamic and forward-thinking team in the heart of London as a Pensions Calculation Analyst. This is an exciting opportunity to work within a thriving financial services organisation where you will play a crucial role in ensuring the accurate calculation of pension benefits for our diverse client base.

*Role Overview: *

As a Pensions Calculation Analyst, you will be responsible for:

• Calculating and verifying complex pension calculations using actuarial software and Excel models.
• Liaising with clients, internal stakeholders, and external service providers to ensure accurate data is used in the calculation process.
• Ensuring compliance with relevant legislation and industry best practices in all calculations.
• Assisting in the development and implementation of new systems, processes, and tools to improve efficiency and accuracy in the calculation process.
• Providing support and guidance to junior team members as required.

*Key Requirements: *

• A strong educational background in Mathematics, Actuarial Science, Statistics, or a related field.
• Proven experience in pensions calculation, preferably within a financial services organisation.
• Expertise in using actuarial software and advanced Excel skills.
• Strong analytical skills with the ability to interpret complex data accurately.
• Excellent communication skills, both written and verbal with the ability to explain technical concepts to non-technical stakeholders.
• A proactive approach to problem-solving and a willingness to learn and adapt in a rapidly changing environment.

*What We Offer: *

• A competitive salary package, commensurate with experience.
• Generous benefits including pension contributions, private medical insurance, and flexible working hours.
• Opportunities for professional development and career progression within the organisation.
• A supportive and inclusive work environment where your ideas and contributions are valued.
• The chance to be part of a team that is making a real difference in the lives of our clients. If you are an analytically minded individual with a passion for pensions and a desire to make a tangible impact on people's lives we would love to hear from you. Apply today to join our team as a Pensions Calculation Analyst!

Our Company

Welcome to our dynamic and innovative financial services organisation based in the heart of London. We are a leading player in the pensions industry, committed to delivering exceptional service and expertise to our diverse clientele. Our organisation prides itself on a strong culture of teamwork, innovation, and continuous learning. We foster an environment where every member of our team has the opportunity to grow, learn, and contribute their unique skills and perspectives towards our shared goals. In the Pensions Calculation Analyst role, you will be joining a dedicated and experienced team responsible for calculating, verifying, and processing pensions for our clients. This role is critical to ensuring the accuracy and efficiency of our services, and we are seeking a highly motivated and detail-oriented individual to join us in this crucial position. Our organisation is equipped with state-of-the-art technology and resources, enabling our team to deliver precise and timely pensions calculations. We offer competitive remuneration packages, comprehensive training programmes, and opportunities for career advancement within the organisation. If you are a detail-oriented professional with a strong background in pensions calculation a commitment to excellence, and a desire to work in a dynamic and innovative environment we would love to hear from you. Join our team today and help us continue to shape the future of pensions in London.

Perks and Advantages

Joining our team as a Pensions Calculation Analyst in London presents you with a unique blend of professional growth opportunities and rewarding benefits. Here's an overview of what you can expect:

• Engage in complex calculations to determine pension entitlements, ensuring fairness and accuracy for our clients.
• Collaborate with a dynamic team of experts who are passionate about their work and committed to the success of our organization.
• Develop your skills and expertise through on-the-job training, workshops, and access to professional development resources.
• Enjoy a competitive salary that reflects your experience and contribution to our organization.
• Benefit from an attractive benefits package that includes healthcare coverage, pension contributions, and generous annual leave allowance.
• Participate in performance-based bonus schemes and other incentives that reward hard work and dedication.
• Work in the heart of London, close to a wide range of amenities, cultural attractions, and transport links.
• Enjoy discounted travel options for commuting within the city, thanks to our partnerships with various transportation providers.
• Take advantage of local networking events and workshops that can help you expand your professional network and stay up-to-date with industry trends.
• Balance work and personal life by taking advantage of flexible working hours, remote working options, and the ability to request annual leave at suitable times.
• Access state-of-the-art technology and tools that enable you to work efficiently from anywhere, anytime.
• Collaborate effectively with colleagues through secure online platforms, virtual meetings, and regular team catch-ups.
• Demonstrate your skills and commitment, and you'll be considered for promotions and other career advancement opportunities within our organization.
• Develop a deep understanding of the pensions industry, giving you the foundation to grow your career in various directions, both horizontally and vertically.
• Be supported by senior leadership as they help identify and guide your professional growth journey.