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- Tasks: Collaborate with teams to onboard new pension schemes and ensure smooth transitions.
- Company: Join Pension Insurance Corporation, a leader in secure retirement incomes.
- Benefits: Enjoy competitive salary, private medical insurance, 28 days leave, and study support.
- Why this job: Make a real impact on people's futures while developing your skills in a supportive environment.
- Qualifications: Experience in defined benefit pension schemes and strong analytical skills required.
- Other info: Diverse workplace committed to innovation and personal growth.
The predicted salary is between 48000 - 64000 £ per year.
Pension Insurance Corporation ("PIC") provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. We achieve our purpose by setting Companywide strategic objectives and driving a healthy culture based on our PIC Values of Resilient, Adaptable, and Loyal.
Responsibilities
- The role requires the ability to effectively collaborate with third‐party administrators, trustees and transitions to secure their buy‐in and implement improvements to systems, processes, and technology, as appropriate.
- To apply knowledge and insights concerning the implementation of new clients with PIC and how this impacts our policyholders.
- To deliver strong business outcomes relating to capital, profitability, the Company brand and market reputation whilst achieving positive outcomes to our policyholders, shareholders, and Trustees on a consistent basis.
Accountabilities
- Support the Head of Pension Operations in providing a high level of service to clients and policyholders at all times.
- Collaborate with PIC Transition Manager to deliver successful onboarding for PIC and Scheme Trustees.
- Take a lead role in on‐boarding new schemes into the PIC operating model ensuring all scheme benefits are fully understood and specified, that incoming data is fit for purpose for both administration and actuarial valuation, and ensuring parallel payroll and pension increase runs have been fully tested and signed off.
- Complete detailed analysis to make sure data is fit for purpose and satisfies all PIC requirements by taking a lead role in data reconciliation and data verification work, and shadowing payroll and pension increase testing.
- Collaborate with Outsourced Admin Team and Customer Experience Team to ensure operational readiness for delivery of successful onboarding for PIC and Scheme Trustees, including calculation automation, website release, communications and ensuring all process and documentation requirements are ready for go live.
- Collaborate with PIC internal actuaries to make sure valuation data requirements are fully understood and documented, including resolving data issues as required to achieve this.
- Lead calls/meetings with outsourced administrator to achieve desired time‐frames and outcomes.
- Prepare MI for PIC internal stakeholders and Senior Management.
- Identify and implement improvements/efficiencies in PIC's administration model.
- Ensure that the projects being completed meet agreed milestones and deliverables, whilst also meeting expected standard in quality.
- Complete internal projects relating to new business onboarding into the PIC model.
- Understand and work within Pension Corporation's Guideline on Consumer Duty.
Knowledge
- Good technical knowledge of defined benefit pension schemes.
- Knowledge of project management techniques.
- Knowledge of pension buy‐ins & buy‐outs and transitions process.
Skills
- Strong organisational & communication skills.
- Ability to persuade and influence both directly and indirectly.
- Ability to organise work to meet deadlines.
- Ability to work within defined procedures as recommended by functional teams.
- Effective collaboration with key stakeholders.
- Good working knowledge of MS Access, MS PowerPoint, MS Word.
- Good level of Microsoft Excel competency (intermediate) with a keen desire to develop existing knowledge.
Experience
- High level of pension experience.
- Experience in DB pension scheme onboarding.
- Experience of complex data analysis work.
- APMI or capable and willing to work towards achieving it.
- Experience working in a corporate or consulting environment.
Benefits
In addition to a competitive base salary and the opportunity to participate in our annual, performance‐related bonus plan, upon joining us here at Pension Insurance Corporation, you will get access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), study support with qualifications, a generous pension scheme and much more.
DEI at PIC
At PIC, we believe that true innovation stems from embracing diverse perspectives, backgrounds and experiences. We are committed to building a workplace where every individual, regardless of race, gender identity, sexual orientation, disability, age, religion, or socio‐economic background, feels valued, heard and empowered to succeed. We hold ourselves accountable through ongoing initiatives, such as inclusive hiring practices, and equitable career development opportunities that support belonging and community. While we're proud of our progress, we recognise there's work ahead, and we remain dedicated to listening, learning and evolving together.
Seniority level: Associate
Employment type: Full‐time
Job function: Other IT Services and IT Consulting
Location: London, England, United Kingdom
Salary: £80,000.00-£80,000.00
Pension Onboarding Specialist in London employer: Pension Insurance Corporation plc
Contact Detail:
Pension Insurance Corporation plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pension Onboarding Specialist in London
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Pension Insurance Corporation. A friendly chat can give us insider info on the company culture and maybe even a referral.
✨Tip Number 2
Prepare for the interview by understanding PIC's values: Resilient, Adaptable, and Loyal. We should think of examples from our past experiences that showcase these traits. It’s all about showing we fit right in!
✨Tip Number 3
Practice makes perfect! We can do mock interviews with friends or family to get comfortable with common questions. The more we rehearse, the more confident we’ll feel when it’s our turn to shine.
✨Tip Number 4
Don’t forget to follow up after the interview! A quick thank-you email can keep us fresh in their minds and show our enthusiasm for the role. Plus, it’s just good manners!
We think you need these skills to ace Pension Onboarding Specialist in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Pension Onboarding Specialist role. Highlight your experience with defined benefit pension schemes and any relevant project management skills. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about working with PIC and how you can contribute to our mission of providing secure retirement incomes. Keep it engaging and personal!
Showcase Your Collaboration Skills: Since this role involves working closely with various stakeholders, make sure to highlight your collaboration and communication skills in your application. We love seeing examples of how you've successfully worked with others in the past!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about our company culture and values.
How to prepare for a job interview at Pension Insurance Corporation plc
✨Know Your Pensions Inside Out
Make sure you brush up on your knowledge of defined benefit pension schemes and the onboarding process. Being able to discuss specific examples of how you've handled complex data analysis or transitions in the past will show that you're not just familiar with the concepts, but that you can apply them effectively.
✨Showcase Your Collaboration Skills
Since this role involves working closely with various stakeholders, be prepared to share examples of how you've successfully collaborated with teams or third-party administrators in previous roles. Highlight your ability to persuade and influence others to achieve desired outcomes.
✨Demonstrate Organisational Prowess
The ability to organise work to meet deadlines is crucial. During the interview, discuss how you've managed multiple projects or tasks simultaneously, and provide specific instances where your organisational skills led to successful outcomes.
✨Be Ready for Technical Questions
Expect questions that test your technical knowledge, especially around project management techniques and data reconciliation. Brush up on your Microsoft Excel skills, as well as any relevant software like MS Access, and be ready to discuss how you've used these tools in your previous roles.
