BPA Operations Manager

3 weeks ago


Liverpool, Liverpool, United Kingdom The Actuary Group Full time
Job Description

We are seeking a highly skilled BPA Operations Manager to oversee the implementation and ongoing administration of Bulk Purchase Annuity business. As part of The Actuary Group's Bulk Annuities team, you will be responsible for managing various activities from pre-execution due diligence to transition to buy-out.

The ideal candidate will have experience in BPAs, defined benefit pensions administration, and contract review. A strong understanding of actuarial spreadsheet models, reinsurance, and operational challenges related to data migration is desirable. You will work closely with senior stakeholders and ensure seamless communication with policyholders.

This role offers an exciting opportunity to shape the team's early growth while working with talented colleagues. Our company values empowerment, trustworthiness, collaboration, and achievement, creating a fulfilling work environment.

About the Role:

  • Manage day-to-day activities associated with BPA implementation and administration
  • Oversee scheme onboarding, trustee, and administrator management
  • Coordinate shadow administration, data flow, and control
  • Ensure transition to buy-out, including policyholder communication and admin/payroll transition
  • Produce and review management information and valuation extracts

Requirements:

  • Experience in BPAs and defined benefit pensions administration
  • Contract review skills with ability to extract relevant information
  • Understanding of reinsurance (desirable)
  • Actuarial spreadsheet model proficiency
  • Candidate should appreciate operational challenges related to data migration
  • Strong understanding of the defined benefit pension market (if not direct experience)

Benefits:

  • Competitive salary: £80,000 - £100,000 per annum
  • Up to 14% employer-matched pension scheme
  • Private medical insurance
  • 28 days annual leave + bank holidays


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