Implementation & Operations Director

3 weeks ago


England, United Kingdom The Actuary Group Full time

The Actuary Group is currently looking for a BPA Implementation Operations Manager to join a new and growing Bulk Annuities team that is part of the UK’s largest mutual insurer.
In this role you will oversee, and support activities associated with the implementation and ongoing administration of Bulk Purchase Annuity (BPA) business. You will cover a range of one-off and ongoing management activities from implementation through buy-in and transition to buy-out.

Our client believes that they are ideally placed to be a partner of choice for trustees of defined benefit schemes, helping to build financial resilience.

The role holder will be responsible for the day-to-day management of the following activities:

Pre-execution data and operational complexity due diligence.
Scheme trustee and administrator management.
Shadow administration (including buy-in payroll, member option validation and movement processing).
Data flow and control.
Data cleanse and true-up.
Transition to buy-out (including policyholder communication and admin and payroll transition).
Ongoing reporting (including production and review of management information and valuation extracts).

Experience in BPAs preferable, with an understanding of defined benefit pensions administration.
Comfortable with and good understanding of actuarial spreadsheet models.
Appreciation of operational challenges that can arise from data migration and ongoing management.
Understanding of the defined benefit pension market, if not direct work experience.
Our client will support the undertaking of professional training where appropriate.
Credible individual, with a financial background
Our client is the UK’s largest mutual life, pensions and investment company, offering protection, long-term savings and asset management products and services.

Our client has always been proud to reward employees by offering great workplace benefits such as 28 days annual leave in addition to bank holidays, an up to 14% employer matching pension scheme and private medical insurance.

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