At a Glance
- Tasks: Analyse and validate large pension datasets while supporting BPA implementation.
- Company: Join Standard Life, a leader in retirement savings with a customer-first approach.
- Benefits: Enjoy a competitive salary, 38 days annual leave, and flexible working options.
- Other info: Embrace a culture of curiosity and connection in a supportive environment.
- Why this job: Make a real impact on financial futures while developing your analytical skills.
- Qualifications: Experience with DB pensions and strong Excel skills are essential.
The predicted salary is between 33500 - 33500 £ per year.
We’re looking for an Annuities Data Analyst to join our Data Team within Client Services. If you’re looking for a new challenge with an organisation committed to putting customers first, aiming high and working together, you’ll thrive here.
Job Type: Permanent
Location: This role will be based from our London office with time spent working from home and from the office. Flexible working: All roles are open to part-time, job-share and other types of flexibility. We will discuss what is important to you and balancing this with business requirements during the recruitment process.
Salary and benefits: From £33,500 depending on experience plus discretionary bonus, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.
Who are we? We’re Standard Life, a retirement specialist focused entirely on retirement savings and income. We champion the belief that everyone’s journey to and through retirement can be better, and for more than 200 years, we’ve been helping our customers plan and prepare for their financial futures.
The role involves:
- Working closely with the Senior Data Analysts, Transition Managers and Reinsurance team to support many aspects of the overall BPA and Reinsurance implementation journeys.
- Assisting in analysing scheme benefit specifications and large pension datasets to identify system development requirements.
- Providing support to the BPA implementation process by assisting in the data and payroll reconciliation process.
- Supporting the validation of scheme data during the implementation and data cleanse processes.
- Updating models to align with the benefit specifications to allow bulk validations and payroll projections.
- Supporting the Transition Manager at Trustee and Scheme Administrator meetings.
- Building and maintaining relationships with internal stakeholders, Phoenix’s outsourced administrator, scheme administrators and Trustees.
- Assisting in the production of detailed and accurate management information to support the oversight of BPA and Reinsurance performance.
What are we looking for?
- Knowledge of Defined Benefit (DB) pensions, Bulk Purchase Annuities (BPA) or similar long-term savings products.
- Experience analysing, manipulating and validating large datasets, ideally within a pensions, insurance or financial services environment.
- Strong Microsoft Excel skills, including formulas, lookups, pivot tables, reconciliations and data quality checks.
- Experience performing data validation, cleansing and quality assurance activities to ensure data accuracy and integrity.
- Ability to investigate data discrepancies, exceptions and anomalies, supporting issue resolution and root cause analysis.
- Experience producing and documenting data analysis, reports, reconciliations and findings to support business, customer and regulatory requirements.
We’re committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you. If you require any adjustments to the recruitment process, please let us know so we can help you.
Annuities Data Analyst, RS&AM employer: Standard Life plc
At Standard Life, we pride ourselves on being an exceptional employer, offering a supportive work culture that values flexibility and personal growth. With competitive benefits including up to £105,000 salary, generous annual leave, and opportunities for career development, our London-based team thrives in an environment that encourages innovation and collaboration. Join us as a Principal Cloud Architect and be part of a company dedicated to making a meaningful impact in the retirement sector while enjoying a balanced work-life approach.
StudySmarter Expert Advice🤫
We think this is how you could land Annuities Data Analyst, RS&AM
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Standard Life plc. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Annuities Data Analyst, RS&AM
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Standard Life plc.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Standard Life plc's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Standard Life plc
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Standard Life plc.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Standard Life plc will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Standard Life plc employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
