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For Companies At a Glance
- Tasks: Manage relationships with suppliers, ensuring service delivery meets business needs.
- Company: Pension Insurance Corporation secures retirement incomes through risk management and exceptional customer service.
- Benefits: Enjoy private medical insurance, 28 days annual leave, study support, and a pension scheme.
- Why this job: Join a culture of resilience and adaptability while making a real impact on people's futures.
- Qualifications: Good knowledge of TPA management, relationship management experience, and basic pensions understanding required.
- Other info: Collaborate with diverse teams and stay updated on regulatory changes.
The predicted salary is between 43200 - 72000 £ per year.
Pension Insurance Corporation (“PIC”) provides secure retirement incomes through comprehensive risk management, excellence in asset and liability management, and exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. We achieve this by setting strategic objectives and fostering a culture based on our PIC Values of Resilient, Adaptable, and Loyal.
Role Purpose
- The TPA (Third Party Administrator) Relationship Analyst supports managing relationships with key external suppliers to ensure service delivery aligns with business needs.
- This role involves contract management, performance monitoring, risk management, and collaboration with internal teams to align supplier services with PIC’s goals.
- The role requires effective collaboration with Finance, Risk, Legal, Origination, and Investments to ensure outcomes are met and relationships are improved.
- Our company values should be evident in the performance and delivery of this role.
Key Responsibilities
- Develop and maintain positive relationships with key suppliers.
- Conduct regular governance meetings to review performance, requirements, and strategy.
- Establish and monitor KPIs and SLAs.
- Perform performance reviews to ensure contractual obligations are met.
- Oversee negotiation, execution, and administration of supplier contracts.
- Support contract renewals, amendments, and terminations.
- Coordinate with internal teams to align supplier services with organisational needs.
- Ensure consistent service delivery across suppliers where applicable.
- Assist project teams with supplier-related initiatives.
- Manage supplier-related expenditures to stay within budget.
- Review and approve supplier invoices and payments.
- Identify and mitigate potential supplier risks.
- Monitor and report on risk management activities related to suppliers.
- Ensure suppliers comply with regulatory and standards requirements.
- Stay informed about regulatory changes and communicate updates to suppliers.
- Work with the supplier management team to ensure compliance and due diligence.
- Share industry knowledge and explore future strategic opportunities with suppliers.
Knowledge & Experience
- Good technical knowledge of TPA management and strategic engagement.
- Basic understanding of Pensions Administration.
- Experience in relationship management.
- Ability to collaborate effectively with teams and stakeholders.
- Experience in onboarding, renegotiating, and offboarding suppliers.
In addition to a competitive salary and performance bonus, PIC offers benefits such as private medical insurance, 28 days\’ annual leave, study support, a pension scheme, and more.
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TPA Relationship Senior Analyst employer: PIC
Contact Detail:
PIC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land TPA Relationship Senior Analyst
✨Tip Number 1
Familiarise yourself with the key responsibilities of the TPA Relationship Senior Analyst role. Understanding the nuances of contract management and performance monitoring will help you engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the pensions and TPA management sectors. Attend industry events or join relevant online forums to gain insights and potentially connect with current employees at Pension Insurance Corporation.
✨Tip Number 3
Prepare specific examples from your past experience that demonstrate your ability to manage supplier relationships and collaborate with internal teams. This will showcase your fit for the role and align with PIC's values.
✨Tip Number 4
Stay updated on regulatory changes in the pensions sector. Being knowledgeable about compliance and risk management will not only impress during interviews but also show your commitment to the role and the company’s goals.
We think you need these skills to ace TPA Relationship Senior Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the TPA Relationship Senior Analyst position. Understand the key responsibilities and required skills, so you can tailor your application accordingly.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in relationship management, contract administration, and any relevant knowledge of pensions administration. Use specific examples to demonstrate how your background aligns with the role's requirements.
Showcase Your Values: PIC values resilience, adaptability, and loyalty. Make sure to reflect these values in your application by providing examples of how you've demonstrated these traits in your previous roles or experiences.
Craft a Strong Cover Letter: Write a compelling cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role and the company. Mention how you can contribute to PIC’s goals and enhance supplier relationships.
How to prepare for a job interview at PIC
✨Understand the Company Values
Before your interview, make sure you’re familiar with Pension Insurance Corporation's values: Resilient, Adaptable, and Loyal. Be prepared to discuss how these values resonate with your own work ethic and experiences.
✨Showcase Your Relationship Management Skills
Since the role focuses on managing relationships with suppliers, come equipped with examples of how you've successfully built and maintained professional relationships in the past. Highlight any specific strategies you used to enhance collaboration.
✨Prepare for Technical Questions
Brush up on your knowledge of TPA management and pensions administration. Expect questions that assess your understanding of KPIs, SLAs, and risk management, as these are crucial aspects of the role.
✨Demonstrate Your Collaborative Spirit
The role requires effective collaboration with various internal teams. Be ready to share examples of how you've worked cross-functionally in previous roles, and how you can bring that experience to PIC.
