DB Pensions Redress Calculation Analyst

TCC are looking for Pensions Redress Calculation analysts to join a long-term project in Leeds.

Responsibilities 

  • Validate data gathering of customer and scheme data. Obtaining further information as required (where assumptions are not available) 
  • Populate calculation pro forma ready for calculation into RECAL 
  • Perform redress calculation, running required redress tool (RECAL) 
  • Produce offer letters and appendices 
  • Index cases on the workflow tool as per the required status 
  • Deal with customer queries and exception cases

Required skills and Experience 

  • Performing and/or checking redress calculations preferably using RECAL (other acceptable calculators are O&M/ PBRS (CTC)) 
  • In depth knowledge of DB pension schemes and the treatment of benefits 
  • Experience undertaking Pensions calculations 
  • Ability to work to high quality standard whilst ensuring productivity targets are met 
  • Experience and/or knowledge of Pension Review

Desirable Qualifications 

  • Candidates should have one of the following qualification: 
  • CII- R01, R02, R04, AF7 or CII- G60 or CII- AF3 
  • CISI- PTPA (Pension Transfers & Planning Advice) 
  • Institute of Actuaries/ Faculty of Actuaries (Associate or Fellow) 
  • PMI- Diploma in Regulated Retirement Advice 
  • LiBF- Level 6 Pension Transfers PETR

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