Pension Analyst

Pension Analyst

Overall Job Purpose

To provide data management support in the time-critical delivery of specific projects relating to the company’s contracted-out defined benefit scheme.

Additional Duties

To provide in-house maintenance of the defined benefit scheme data in the pensions administration system (Profund) and in non-systems based records.
To assist in and support the in-house administration of the company’s defined benefit and defined contribution pension schemes.

Responsibilities

Working with the Pensions Director, primarily to deliver pension data related projects
relating to data rectifications GMPe and Barber audit of and corrections to scheme data To maintain ongoing accuracy of the DB scheme data in both Profund and in non-systems based records To take responsibility for the quality and accuracy of DB scheme data in: Audit of input of data accuracy To work as a member of the in-house pensions team in the administration of the company’s closed DB and open DC schemes: Encouraging adoption of a consistency of approach to data management Querying any data inputting where there is any concern as to its correctness Using initiative to suggest changes to improve administration practices To liaise with the Profund provider, ITM, on systems fixes and upgrades, including testing of such changes To assist in delivery of the Pensions Dashboard Project To build a good working knowledge of the pension schemes and associated processes To acquire a good knowledge and understanding of the DB scheme rules and DB/DC scheme literature To diligently adhere to the work management processes To use Profund and Excel in DB member benefit calculations To assist in DB member case work such as leavers, retirements, transfer outs and deaths To work in collaboration with your team colleagues to achieve a high level of administration and service to company staff and scheme members

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