Are you a experienced professional with strong pensions knowledge and an analytical approach and process improvement mindset?
Are you able to keep up to date with legislation, regulatory and market developments that affect pension administration?
With over 1400 people across 9 offices, we are proud to be a leading independent UK consultancy at the forefront of risk, pensions, investment and insurance. We act for a wide range of clients, large and small, in both the private and public sectors including 15% of FTSE 350 firms with a defined benefit pension scheme. Each individual delivers on our shared values and our commitment to ensuring the highest levels of trust, integrity and quality. We aim to continue our growth by recruiting talented and committed individuals that have the desire to learn and develop; and we strive to employ staff who share our values and can bring special skills - enhancing the service that we provide to our clients.
We are seeking a Senior Technical Analyst for a full-time, permanent position and it will be worked on a hybrid basis where you will share your time between the office and home. This role can be based from any of our UK offices.
The Pension Administration Business was established in 1993. Our core business is the provision of services to trustees of UK occupational pension schemes DB, DC, CARE, cash balance – and we will do this as a stand-alone “admin-only” appointment or in conjunction with services provided by other Barnett Waddingham Practice Areas. The services are provided from all of our UK offices and include:
- Benefit administration
- Pensioner payroll
- Administration consulting services
- Cash handling and preparing draft accounts
- PPF assessment administration services
- Data audits and data cleansing
- Scheme governance and trustee secretarial
- Specialist roles (secondments, expert witness)
- Bespoke one off projects
- Support for trustees and in-house personnel
This role reports into a Pension Administration Associate or Technical Manager, as agreed.
- Keep up to date with regulatory and market developments that affect pension administration
- Identify regulatory and market developments that will affect pension administration and make sure business stakeholders are made aware of the potential wider implications
- Assist in developing and maintaining a process to ensure that regulatory analysis and change processes are implemented including liaison with Penstream team
- Liaise with business stakeholders to ensure that the implications of regulatory change affecting pension administration are understood and implemented within required timescales
- Provide support to keep technical training material up to date as required
- Deal with and provide guidance on technical queries as required
- Explain complex issues in a straightforward, easy to understand manner
- Identify and provide relevant training, where required be it written, face to face, presentation or other
- Consultancy, project based or committee work
- Research and development of solutions to new or unknown issues, making recommendations
- Attend meetings with providers, clients and prospects, if required
- Consulting and negotiating with authorities including DWP, HMRC, The Pensions Regulator and the Information Commissioner as required
- Read, research and understand documentation and legislation to resolve queries
- Prepare PATHways or similar bulletins/ articles as required;
- Support, Implement and Maintain Information Security procedures and activities in accordance to Barnett Waddingham’s Information Security Policy, and other Barnett Waddingham accreditations and awards
- Any other reasonable task as advised from time-to-time
The above is intended to describe the general nature and responsibilities of the role and is not intended to be an exhaustive list of all duties or responsibilities of employees in this role.
- Previous pension experience and/or pensions knowledge is essential
- Proven experience in a similar role would be an advantage
- A relevant qualification or progress with PMI examinations is desirable
- Excellent communication, listening and organisational skills
- Be able to communicate complex technical matters at a level appropriate to the recipient, exercising tact and diplomacy, where necessary
- Ideally you will have good knowledge of pensions law, legislation changes and regulatory requirements or the demonstrated ability to keep to date with regulatory changes
- Ideally educated to minimum GCSE Grade “5” or “C” in Maths and English
- A willingness to communicate and pass on knowledge
- Driven to resolve problems and properly manage his or her time
- Ability to think beyond the obvious when problem solving
- Maintain an in-depth technical knowledge to enable high quality support
- Identifies and reports business opportunities