Average Pensions Analyst salary in the UK

Our work touches the lives of millions of people. We are dedicated to helping our clients deliver an excellent experience to the members of their pension schemes. This is an exciting opportunity to join our Outsourcing Team as a Senior DB Calculation Expert.The role will be working alongside a number of other skilled DB Calculation Experts (located on and offshore) who work on a large portfolio of DB occupational pension schemes. As the Outsourcing team continues its rapid growth in all areas (supporting some of the largest pension schemes in the country, supporting LifeSight, supporting some of the largest insurers in the pensions market and implementing our OneDB proposition) there is an opportunity to enhance the ways of working in the team and drive efficiencies. A strong knowledge of Guaranteed Minimum Pensions and Equalization, both GMP and Barber periods, together with strong Defined Benefit knowledge is essential.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" 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. The Role Analyzing 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 behavior 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 analysts 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. The Requirements Background in UK occupational pensions.Self-starter attitude and ability to work well within ambiguity.Adeptness at learning new technology and tools.Strong written and verbal communication skills.Strong ability to think through problems and implement solutions.Demonstrated ability to multi-task and work on virtual teams.Process driven with ability to modify approach.Excellent time management and ability to meet deadlines.Working knowledge of MS Excel & Word.Good time management skills and the ability to organize and prioritize own workload.Problem solving and analytical skills.Ability to work effectively as an independent contributor or as part of a broader team.Experience establishing standards and procedures and advocate best practices.Some knowledge of Unix-based operating systems, use of the command line and SQL is advantageous but not essential as training will be provided.Strong knowledge of Contracting Out Requirements such as GMPStrong Defined Benefit Knowledge, including historical knowledge of UK Pensions Legislation. Equal Opportunity Employer 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 organization. We embrace all types of diversity.

WTW’s Outsourcing Business provides outsourced health and welfare, defined benefit (DB) and defined contribution (DC) plan, administration services to clients covering the day-to-day management of health and welfare and pension plans.This is an excellent opportunity to work within our Outsourcing Business as a Pensions Technical Analyst who will take on an important role within our Projects Team and will be primarily involved in the scoping, costing, review, management, and delivery of ad-hoc revenue generating project requests.The RoleAs a Analyst on the Projects team, you will be helping to cover work on a wide spectrum of pension projects ranging from small one-off data requests through to large single and regular projects. All the while looking to maximise project revenue.The role is working on the largest administration client within Outsourcing Business Function and will cover projects across the pension world. Including data analysis, calculations, reporting, data reparation, Client communication and process improvements to name but a few. The role will be both challenging, diverse, and rewarding and ultimately you will make a real difference to the administration delivery.Whilst full training and support will be provided the Analyst will be work on following: Reviewing new project requests. Gathering information and a full understanding of them to provide an accurate impact assessment including resource requirements from across Outsourcing Business, cost implications and delivery deadlines that we will be expected to meet.Once client sign-off has been received progressing and or management of the many different facets therein.Assist with project scope and costing from various client contacts.Review requests and elicit full requirements from client tasks to document analysis and workshops.Work with other team members to complete ad-hoc revenue generating projects.Work with other areas of Outsourcing Business to ensure projects complete to time and budget.Extract, manipulate and present data as required.Calculation review and system automationProactively communicate with internal and external stakeholders throughout the project The Requirement Experience of occupational pension schemes - Defined BenefitsRelevant experience of successfully undertaking a project or analyst role within the pensions industry.Attention to detail. Strong logical and problem-solving skills.Knowledge of a range of project and system delivery methodologies.Ability to work alone or collaborate as part of a team.Flexible and "can do" approach.Ability to manipulate data within excel.Sense of accountability, owning one’s work and taking pride in it; commitment to quality and continuous improvement.Strong organisational abilities and flexibility to work in a performance driven environment managing multiple project priorities.Excellent verbal and written communication skills and the ability to interact professionally with a diverse group, executive, managers, and subject matter experts. What we can offer you? As a reward for your efforts, an industry standard salary and benefits package is offered along with potential progression opportunity, support, and further training. Although this is a full-time role, we are open to discussing flexible work arrangements for the right candidate.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 organization. We embrace all types of diversity.Equal Opportunity EmployerYou don't need to have an account in our ATS to apply for the jobs. Once you click apply, get started right away by simply using your email. Your profile will be created and kept up to date automatically as you enter details for each of your job applications.

Pensions Accounts Assistant and Data Analyst London, UK Permanent, Part time - 3 days per week (1 day in the office) £21,000 - £24,000(£35k-£40k FTE) Our client is looking for a Pensions Accounts Assistant and Data Analyst. The role is to assist with financial operations and accounting of their Pension Plan, with a particular focus in this role on analysis and reconciliation of large data sets. Key Responsibilities To reconcile monthly insured amounts received to amounts paid out, identify, follow up, keep track of and escalate appropriately any differences. To reconcile quarterly the records provided by our platform provider, to our administration records, on a member-by-member basis. Identify, follow up, keep track of and escalate appropriately any differences. Maintain reconciliation control accounts. Regularly review, investigate standing items, and prepare appropriate journals. To reconcile the Define Contribution assets on a quarterly basis, reviewing the reports provided by the provider along with the accountancy system and preparing journals to update the quarterly numbers.? To prepare and maintain the dashboard document for a portfolio of assets, based on information received monthly. Review governance reporting provided by our platform provider, both for context and accuracy compared to our records. Prepare plc reporting of our accounting records. Preparing and setting up payments and journals. To maintain (with the assistance of other members of the Pensions Finance Team) documentation of Pension accounting procedures. Requirements Excellent analytical and reconciliation skills across large data sets. Competent in excel (very comfortable with functions such as vlookups, sumifs, pivot tables etc). Able to problem solve, keep track of large reconciliations, and liaise across various stakeholders to investigate variances and outstanding items. Good understanding of double entry book-keeping. May be part qualified or interested in beginning an accounting qualification. A team player, able to work collaboratively as part of a team of 5, picking up tasks as needed, with a willingness to cross train in tasks that may be outside of your day-to-day role. Excellent attention to detail and highly motivated in their work, proactive in approach. Excellent communication skills. Previous experience in the pensions industry would be advantageous, but not essential or expected. In our company values we aim for equity at all stages of the recruitment process, please let us know if we can do anything to make the process more accessible to you.