Pensions Calculation Analyst

Description Shape the Future of Pensions with WTW Our work touches the lives of millions of people. WTW Outsourcing Business is dedicated to helping our clients deliver excellent experience to the members of their pension schemes. Are you passionate about precision, problem-solving, and making a real impact in the world of pensions? This is an exciting opportunity to join WTW’s Outsourcing Business as a Pensions Calculation Analyst within our Business Solutions function. In this role, you'll work alongside a talented team of onshore and offshore Calculation Experts, supporting a diverse portfolio of large and complex Defined Benefit (DB) pension schemes. As WTW’s Outsourcing business continues to grow—supporting major pension schemes, LifeSight, leading insurers, and our OneDB proposition—you’ll have the chance to contribute to innovation, streamline processes, and help shape more efficient ways of working. We’re looking for someone with deep DB pensions expertise, including a strong understanding of manual calculations or automated calculations in pension projects which may involve buy-in, buy-out, Guaranteed Minimum Pensions (GMP), GMP Equalisation, and the Barber judgement, etc. If you’re a collaborative, detail-driven professional ready to take on complex challenges and help modernize how pensions are delivered—we’d love to have you on the team. Your knowledge will make a real difference. Let’s build the future of pensions together. At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a ”hybrid”(#LI-Hybrid) style, with a mix of remote, in-person and in office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and “hybrid” is not a one-size-fits-all solution. We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more. This is a hybrid (occasionally working from office) role which can be based in Redhill, Leeds, Welwyn Garden City, Bristol, London, Birmingham or Glasgow. The Role Analysing business requirements, Trust Deed and Rules and other scheme documentation and planning an appropriate software solution with a focus on accuracy, build efficiency and maintainability. Foster a culture of quality and instill behaviour required for success. Interact with third parties such as the scheme actuary and solicitors to clarify complex and technical queries. Completing given tasks in a timely fashion including managing deadlines appropriately. Providing an efficient, professional service to meet all client needs and to promote the WTW brand. Alongside other Specialist produce detailed calculation proforma from first principles and supporting automation test packs. Work towards developing and optimizing end to end automation. Build on technical expertise/capabilities/skills and contribute towards measurable improvements. Contribute to the implementation of continuous improvement initiatives and single team culture to increase end to end automation efficiencies and results. Qualifications The Requirements Strong background in UK occupational pensions, including Defined Benefit schemes and historical legislation. In-depth knowledge of Contracting Out requirements (e.g., GMP, buy-in, buy-out, etc.). Self-starter with ability to work effectively in ambiguous situations. Quick learner, adept at adopting new technologies and tools. Excellent written and verbal communication skills. Strong problem-solving and reasoning abilities with a solution-oriented mindset. Proven ability to multi-task and collaborate in virtual teams. Process-driven with flexibility to adapt approach as needed. Exceptional time management and ability to meet deadlines. Skilled in organizing and prioritizing workload independently. Proficient in MS Excel and Word. Experience in establishing standards, procedures, and promoting best practices. At WTW, we believe difference makes us stronger. We want our workforce to reflect the different and varied markets we operate in and to build a culture of inclusivity that makes colleagues feel welcome, valued and empowered to bring their whole selves to work every day. We are an equal opportunity employer committed to fostering an inclusive work environment throughout our organisation. We embrace all types of diversity. Enjoy a benefits package designed to help you thrive, both professionally and personally. You'll receive 25 days of annual leave plus an extra WTW day to relax and recharge. Our comprehensive health and wellbeing offering includes private healthcare, life insurance, group income protection, and regular health assessments, all giving you peace of mind. Secure your future with our defined contribution pension scheme, featuring matched contributions up to 10% from the company. We support your growth and balance with hybrid working options, access to an employee assistance programme, and a fully paid volunteer day to make a difference in your community. On top of these, you can opt into a variety of additional perks including an electric vehicle car scheme, share scheme, cycle-to-work programme, dental and optical cover, critical illness protection, and much more. Start making the most of your career and wellbeing with a range of benefits tailored for you. We’re committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers, from the application process through to joining WTW, please email candidate.helpdesk@willistowerswatson.com. (OGB2) #J-18808-Ljbffr