Senior Pensions Consultant

2 weeks ago

Darlington County Durham, United Kingdom Tata Consultancy Services Full time

Role: Senior Pensions Consultant

Job Type: Permanent

Location: Darlington

Are you ready to utilise your skills and experience in UK Public Sector Pensions?

Are you able to present solutions to stakeholder groups and deliver fully compliant and effective administration solutions?

Careers at TCS: It means more

TCS is a purpose-led transformation company, built on belief. We do not just help businesses to transform through technology. We support them in making a meaningful difference to the people and communities they serve - our clients include some of the biggest brands in the UK and worldwide. For you, it means more to make an impact that matters, through challenging projects which demand ambitious innovation and thought leadership.

  • Be part of an exciting team where you will be challenged every day.
  • Work closely with the range of teams within the business to bring products to life.
  • Work with customers and identify opportunities to support their strategy and improve their processes across functions.

The Role

The Senior Pensions Consultant , you will work on policy and the technical management of large transition and transformation program with a key client in the UK. You will be responsible for analysing the core calculations and processes based on feedback from workshops with the incumbent and supporting client (including Business Process Documents). The Senior Pensions Consultant will produce and analyse all related specification documents for the application delivery or operations teams to consume to transform the processes in a new operating platform. The preferred work location will be Darlington, but candidates may need to travel, if required, to other TCS offices or Client locations.

Key responsibilities:

  • Work closely with external business partners and consultants to test and validate calculation specifications and calculators, based on a range of test scenarios, to provide evidence of compliance with scheme rules and regulations and highlight areas of technical complexity to recommend full automation or manual calculation specifications.
  • Understand and analyse the functional or business inputs on the Pension Scheme processes to support workshops, produce specifications and build operations manuals using the relevant tools.
  • Work closely with key stakeholders and focus groups (Members, Employers, Unions) during and after transition to report progress, take feedback and consider improvements on the development of the proposition, highlighting any areas of concern or potential enhancements for internal resolution/implementation.
  • Collaborate with industry experts to interpret scheme rules, emerging regulatory change and legal rulings to assess impact to the Pension Scheme and develop solutions and recommendations to support potential policy change decisions and considerations
  • Communicate with, take feedback from and present solutions to stakeholder groups and deliver a fully compliant and effective administration solution with a focus on continuous improvement.

Your Profile

Key skills:

  • Proactive, knowledgeable, confident and excellent analytical ability.
  • Specialisation in UK Public and Private Sector Defined Benefits Schemes.
  • Proven experience of participating in and delivering technical change and engaging stakeholders in new solution requirements involving large clients.
  • Experience in interpreting and implementing pension scheme changes impacting people, systems and clients.
  • Experience of delivering business processes and system changes to meet regulatory updates and rule changes.
  • Policy and technical inputs for benefit structure and regulatory changes in pensions.
  • Implementation of administration solutions in Pensions.
  • Specialisation in UK Public and Private Sector Defined Benefits Schemes.
  • Good knowledge of MS Office suite.
  • Knowledge of TPS benefit structure and calculation requirements.
  • Understanding of relevant Pension benefit structure/s to support the Program team with clarifications as well as input.
  • Understanding of Scheme Outputs and Reporting requirements, Process Diagrams and Pensions data in varying formats.
  • Flexibility, Teamwork and Creativity.
  • Ability to support the Transformation Program by working closely with Technical, IT Development and Digital solution teams to complete the gap analysis using Agile methodologies
  • Ability to support various workstreams to estimate the effort for the gaps in the solution and drawing up a pragmatic schedule to deliver them in line with transformation plan.
  • Ability to review the Functional Test Scenarios, Test evidence, results and outputs to assure the Program governance team to target a smooth go live or identify exceptions for resolution.
  • Ability to adapt to use all existing and emerging best practices, tools and processes within the Program and organization.
  • Focus on continuous improvement.

Good to have:

  • Agile Methodology.
  • Relevant Management Tools and Project Management software options.
  • Degree in Information Technology / Science.
  • Certification in Business Analysis from leading institutes.
  • Degree or Certificate in UK Life and Pensions Business.

Rewards & Benefits

TCS is consistently voted a Top Employer in the UK and globally. Our competitive salary packages feature pension, health care, life assurance, laptop, phone, access to extensive training resources and discounts within the larger Tata network.

Diversity, Inclusion & Wellbeing

At TCS, we believe in building and sustaining a culture of equity and belonging where everyone can thrive. Our diversity motto is ‘Inclusion without Exception’.

You’ll find a welcoming culture and many internal volunteering and social networks to join. Our diversity, inclusion and social activities involve 12 employee networks including LGBTQ+ & Allies, mental health, disability & neurodiversity inclusion and many more, as well as health & wellness initiatives and sports events (we even sponsor the London Marathon).

We are open to all and treat applications equally, regardless of ethnicity, disability, gender identity, gender reassignment, age, sexual orientation, or beliefs.

If you are an applicant who needs a reasonable accommodation due to Disability or Neurodiverse Condition to complete an employment application, or during any phase of the hiring process, please contact us at abhishek.roy4@tcs.com with the subject line: “Reasonable Accommodation Request”.

Due to the high volume of applications, we will be unable to contact each applicant individually on the status of their application. If you have not received a direct response within 30 days, then it should be deemed unsuccessful on this occasion.

Application Process

1. Online application > 2. Technical discussion > 3. Managerial discussion > 4. HR discussion (EP role – usually)

Join us and do more of what matters. Apply online now.

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