Pension Systems Analyst

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 Pensions Systems Analyst to join a growing team in our Guildford office (hybrid working).

Penstream is 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 intermediate level day-to-day frontline support of the Pension Systems
• Demonstrates an intermediate 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 support for standard project work; participates in the same for complex project work
• 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
• Researches and develops solutions, tests new development/procedures
• Reads and understands scheme governance documentation in order to automate processes and explains calculation reasoning
• Participates in the design and delivery of basic and intermediate training relating to the Pension Systems
• Participates in presentations to potential new clients, explains the implementation process and demonstrates the Pension Systems
• Supports junior members of the team in their personal development and improves their knowledge and understanding of Pension Systems and benefit structures

QUALIFICATIONS

REQUIRED

• A minimum of GCSE Grade “5” or “C” in Mathematics and English
• A knowledge and 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

DESIRABLE

• A relevant degree (for example, Mathematics)
• Hold, or studying towards, a professional qualification (for example, Certificate in Pensions Calculations, Advanced Diploma in Retirement Provision)

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

ACCESSIBILITY

We are a Disability Confident Employer. If you have a disability, learning difficulty, medical condition, or individual need, which you believe may affect your performance during our selection process, we’ll be happy to make adjustments to our processes to enable you a fair opportunity to showcase your skills. Please visit AbilityNet should you benefit from advice on making your device easier to use if you have a disability. Should you require information in a different format, have other accessibility or reasonable adjustment requirements or if you find any problems not listed on this page, please contact (url removed) or call on (phone number removed).