At a Glance
- Tasks: Support the development and delivery of innovative pension solutions while ensuring smooth operations.
- Company: Join a leading savings and investments firm with over 175 years of innovation.
- Benefits: Enjoy 38 days annual leave, competitive pension scheme, and flexible working arrangements.
- Other info: Inclusive culture with support for diverse backgrounds and career progression opportunities.
- Why this job: Build a rewarding career in pensions with opportunities for professional growth and development.
- Qualifications: Strong analytical skills, attention to detail, and a genuine interest in customer service.
The predicted salary is between 30000 - 40000 € per year.
Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.
Pensions Operations Analyst – Pension Risk Transfer (PRT) is a division within M&G Life, responsible for the design and delivery of bulk purchase annuities and alternative de-risking solutions for Defined Benefit pension schemes. Due to continued growth and a strong future pipeline, the team is expanding across several areas.
We are seeking a Pensions Operations Analyst to support both the development and implementation of new PRT propositions, as well as the ongoing operational delivery of existing contractual arrangements. This role offers an excellent opportunity for someone with strong analytical skills who is looking to build a career within pensions, insurance, and bulk annuities.
Key ResponsibilitiesThe role covers two main areas: new business support and ongoing operational delivery.
- New Business & Proposition Development
- Support the development and implementation of new PRT propositions and operating models
- Act as an operational point of contact for queries relating to new business transactions
- Carry out operational due diligence on new business transactions to assess non-financial risks
- Support implementation activities, ensuring smooth onboarding of new schemes
- Provide reporting and analysis to support decision-making, including input into risk premium assessments
- Ongoing Operational Delivery
- Assist with the delivery and ongoing operation of the PRT operational model
- Manage monthly and quarterly scheme reporting requirements
- Reconcile pension data and payrolls on a regular basis, ensuring policyholders are paid accurately and on time in line with scheme rules
- Liaise with outsourced pension administration partners to ensure a high standard of service delivery
- Identify opportunities for continuous improvement and support innovation within operational processes
- Strong Maths and English A-level, STEM Degree preferable
- Analytical mindset with strong problem-solving skills
- High level of attention to detail and accuracy
- Effective written communication skills
- Professional approach, with a high degree of honesty, integrity, and discretion
- A genuine interest in delivering a strong customer journey desirable but not essential
- Experience using Microsoft Excel and Word
- Experience of reconciliation/data analysis, desirable but not essential
- Knowledge of Financial Services, Insurance, or Pensions, desirable but not essential
- Exposure to the fast-growing UK Pension Risk Transfer market
- Support for professional qualifications
- Structured learning and development within a supportive team
- Opportunities to build technical knowledge in pensions and bulk annuities
- Career progression within PRT, Operations, or wider M&G Life function
Location: Reading
What we offer: At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:
- As a savings and Investments firm we are proud to offer a valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions.
- Enjoy 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy.
- Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave.
- Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options.
We have a diverse workforce and an inclusive culture at M&G, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions.
Pensions Operations Analyst employer: Prudential Distribution
M&G is an exceptional employer that prioritises employee wellbeing and professional growth, offering a supportive work culture in Reading. With a commitment to flexible working arrangements, comprehensive benefits including an 18% pension scheme, and a focus on diversity and inclusion, M&G provides a rewarding environment for Pensions Operations Analysts to thrive and develop their careers in the fast-growing Pension Risk Transfer market.
StudySmarter Expert Advice🤫
We think this is how you could land Pensions Operations Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the pensions and insurance sectors on LinkedIn. A friendly message can go a long way, and you never know who might have the inside scoop on job openings.
✨Tip Number 2
Prepare for interviews by researching the company and its PRT offerings. Show us that you’re genuinely interested in what we do and how you can contribute to our mission of delivering exceptional service.
✨Tip Number 3
Practice your analytical skills! Brush up on your Excel and data analysis techniques. We love candidates who can demonstrate their problem-solving abilities with real examples from past experiences.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows us that you’re serious about joining our team at M&G.
We think you need these skills to ace Pensions Operations Analyst
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Pensions Operations Analyst role. Highlight your analytical skills and any relevant experience in pensions or financial services. We want to see how you can contribute to our team!
Show Off Your Skills:Don’t hold back on showcasing your strong Maths and English skills, as well as your attention to detail. If you've got experience with Excel or data analysis, let us know! We love seeing candidates who can bring their A-game.
Be Professional and Authentic:When writing your application, keep it professional but also be yourself. We value honesty and integrity, so don’t hesitate to share your genuine interest in delivering a great customer journey, even if it’s not essential.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the info you need about the role and our company culture there!
How to prepare for a job interview at Prudential Distribution
✨Know Your Numbers
As a Pensions Operations Analyst, you'll be dealing with data and analytics. Brush up on your numerical skills and be prepared to discuss how you would approach data reconciliation and analysis. Familiarise yourself with common financial metrics and how they apply to pension schemes.
✨Showcase Your Problem-Solving Skills
This role requires a strong analytical mindset. Think of examples from your past experiences where you've successfully solved complex problems or improved processes. Be ready to explain your thought process and the impact of your solutions.
✨Communicate Clearly
Effective written communication is key in this role. Practice articulating your thoughts clearly and concisely. You might be asked to explain technical concepts, so ensure you can break them down into simple terms that anyone can understand.
✨Demonstrate Your Interest in Pensions
While prior knowledge of pensions isn't essential, showing a genuine interest in the field can set you apart. Research current trends in the Pension Risk Transfer market and be prepared to discuss why you're excited about this area and how you see your career developing within it.
