Senior Pensions Systems Analyst

Job Description

We are proud to be a leading independent UK consultancy at the forefront of risk, pensions, investment and insurance. Each individual delivers on our shared values and our commitment to ensuring the highest levels of trust, integrity and quality. 

At Barnett Waddingham, we have an exciting opportunity for a Senior Pensions Systems Analyst to join a growing team in our Liverpool or Leeds offices (hybrid working).

Penstream iis Barnett Waddingham's in-house application covering all aspects of pension administration. This includes day-to-day administration, pensioner payroll, and pension scheme accounting. Its features include: Member self-service and Client documentation access, record keeping, integrated benefit calculations, reporting and straight-through processing of investment instructions. Penstream is fully integrated with our work management system, known as Taskstream, and our electronic document management system. Penstream is used to generate scheme and member communications utilising system and calculation data. 

Responsibilities

• Provides advanced level day-to-day frontline support of the pension systems
• Demonstrates an advanced understanding of the pension systems
• Demonstrates an advanced understanding of simple and standard benefit structures; demonstrates an intermediate understanding of complex benefit structures
• Configures the pension systems to provide automation for schemes with simple and standard benefit structures; participates in the same for schemes with a complex benefit structure
• Provides Pension Systems and advice, as a Subject Matter Expert, to standard and complex project work
• Prepares simple, standard, and complex bulk data to enable, and perform, its upload to the pension systems
• Produces reports and provides analysis of standard pension system data; participates in the same for complex pension system data
• Prepares simple and standard bulk data to enable, and perform, its upload to the pension systems
• Updates and exports simple and standard data from the pension systems for the transfer of a client service to another provider; participates in the same for complex data
• Assists in the production of budgets for non-standard work 
• Researches and develops solutions, tests new development/procedures
• Performs peer review of standard and complex work and ensures own work is peer reviewed  
• Takes a lead role in the design and delivery of intermediate and advanced training relating to the pension systems
• Reads and understands scheme governance documentation in order to automate processes and explains calculation reasoning
• Supports junior members of the team in their personal development and improves their knowledge and understanding of pension systems and benefit structures
• Takes a lead role in presentations to potential new clients, explains the implementation process and demonstrates the pension systems

Qualifications

REQUIRED

• A minimum of GCSE Grade “5” or “C” in Mathematics and English
• An in-depth knowledge and high experience experience of pension and payroll administration (DB/DC/CARE/Cash balance, and Hybrid arrangements)
• A knowledge of Microsoft Office (Outlook, Word, and in particular, Excel) to an intermediate level
• Demonstrate an awareness of UK pension legislation, current/historic issues, and their application to administration, inclusive of PPF specific requirements

Benefits

• Competitive discretionary annual bonus
• Core benefits paid for by BW including life assurance, group income protection, private medical cover and 25 days holiday per year with holiday trading
• A generous pension scheme where we contribute 8% of your salary from day one of your employment
• Employee Assistance Programme to support you and your family through any concerns or challenges you may experience
• A comprehensive range of voluntary benefits to suit your life stage and lifestyle including a tech scheme, cycle to work scheme, dental cover, healthcare cash plan, health assessments, critical illness cover, extension of private medical cover or life assurance to family members, gym membership, travel insurance and a broad range of discounts at hundreds of retailers including supermarkets, fitness centres, travel and leisure companies