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Pensions Projects Specialist

2 months ago

Redhill, Surrey, United Kingdom WTW Full time
Pensions Projects Specialist

The successful candidate will play a crucial role in leading high-profile buy-in and buy-out projects, acting as the lead administration contact during the project delivery phase. They will ideally have a strong, broad understanding of the various delivery streams across a pensions administration service and a strong background in final salary pensions administration or buy-ins and buy-outs. Knowledge of money purchase schemes is also an advantage.

Key Responsibilities
  • Responsible for new insurance buy-in and buy-out projects, being a key point of contact for the client, attending regular transition calls/meetings with the client and as required the ceding third-party administrator.
  • Involved in the review and sign-off of proformas for retirement and death calculations, including test packs and oversee the automation process working closely with the Technology team.
  • Document procedures and establish controls for new clients during the transition process, ensuring that lessons learned from previous transitions are incorporated.
  • Work on ad-hoc client chargeable projects as required.
  • Identify and efficiently resolve issues, putting forward solutions that will enable projects to be effectively delivered in accordance with client requirements.
  • Gain a good understanding of the Outsourcing administration business, service initiatives, and project delivery impact on profitability.