Pensions Administration Specialist

6 days ago


Potters Bar, Hertfordshire, United Kingdom Canada Life Group (UK) Ltd (The) Full time
Job Title

Pensions Administration Specialist

Job Summary

We are seeking a Pensions Administration Specialist to join our team in the UK. The successful candidate will be responsible for providing project management of our existing portfolio and onboarding of new bulk annuity business through the end-to-end process. The role holder will ensure a robust control environment as a scheme transitions.

Key Responsibilities
  • Project Manage all assigned transitions from exclusive appointment, or earlier if required, ensuring timely completion of all tasks in line with client and business expectations.
  • Be the main contact for your own portfolio of new client installs, attending beauty parade, regular transition calls/meetings with the client, and as required by the ceding third-party administrator.
  • Oversee the transfer of assets for new clients. This role will involve end-to-end planning of the asset transition and data migration for new business.
  • Ensure that all delivery promises and performance standards are achieved.
  • Communicate and agree operational tasks for all schemes in transition such as movement reporting and payroll funding with client, agreeing non-standard processes internally before implementing with clients.
  • Ensure understanding of final data and data queries, managing queries between Canada Life and the Client until finalised data schedule is agreed to a satisfactory level to be handed over to Operational Teams.
  • Be a point of reference on technical issues and administration-related queries.
  • Work with your team and the business to create a positive working environment.
  • Provide an efficient, professional service to meet all client/members' needs and to promote the Canada Life brand.
Requirements
  • Strong knowledge of DB pensions and previous experience in dealing with DB pensions administration in particular deferred liabilities.
  • Experience of working on projects or implementations.
  • An understanding of DB pensions, pension scheme administration requirements, and systems.
  • An understanding of DB de-risking administration requirements and how they differ from standard pensions administration.
  • Strong numeracy and analytical skills.
  • Able to grasp complex financial/actuarial concepts and methodologies.
  • Able to organise work under pressure and to tight deadlines.
  • Good knowledge of all products, processes, and procedures within the team.
  • Able to assist between all teams as demand requires.
  • Able to develop good working relationships within the team and with internal and external customers.


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