BPA Technical Data Analyst

Responsibilities

• Support the Head of BPA Operations with the successful transition of Bulk Purchase Annuity business.
• Perform analysis of defined benefit datasets and benefit specification and report on accuracy, integrity and completeness of data from both pricing and administration perspectives.
• Perform reconciliation and analysis of updated/cleansed data sets received from ceding pension scheme administrators to ensure that our future policyholders will receive their correct benefit entitlement.
• Create calculation spreadsheets for revaluation, pension increases, pension payroll including taking account of GMP equalisation for reconciliations against data sets and system set up for schemes.
• Analyse, reconcile and record data changes for movement and cleansed data and keep a full audit trail of all benefit and data items throughout the lifecycle of the onboarding process.
• Test and reconcile parallel payroll, pension increase runs and benefit calculation automation.
• Monitor the quality of data and when errors are identified, take steps to rectify and prevent/minimise error repetition.
• Support knowledge sharing across the team and the development of others as appropriate.
• Comply with standards relating to the provision of technical advice and or documentation, operating within legal, regulatory and company standards.
• Ad hoc tasks as required.
• Comply with the FCA’s conduct (and senior conduct) and Consumer Duty rules and the PRA’s conduct (and senior manager conduct) standards as set out.
• Notify the regulator(s) of matters reasonably expected to be notified.

Core Competencies

• Good written and oral communication skills.
• Ability to confidently deal with stakeholders at all levels.
• Strong Excel skills.
• High attention to detail and strong analytical capability.
• Flexible and positive attitude.
• Able to work to strict deadlines.

Experience and Qualifications

• A good understanding of defined benefit pensions/bulk purchase annuities or risk transfer transactions.
• A detailed understanding of pension administration processes.
• Hands on experience of performing and checking defined benefit calculations.

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