Buck Pensions Analyst - Birmingham in Birmingham, United Kingdom
BUCK - A 102-year-old firm that is JUST GETTING STARTED.
Pensions Analyst (National Project Team) – Pensions Operations - Birmingham
At Buck, our people make the difference. Founded over 100 years ago, we help deliver on the promise of tomorrow...today. Our health, wealth, technology and consulting services allow us to deliver on the MANY needs of our clients by drawing on our strength, DIVERSITY, and experiences in creating outcomes. This means we meet our clients where they are in the creation of their future while being respectfully bold in providing practical solutions to new realities. We honor our commitments and leave things better than when we started. We are a team of difference makers in global locations that have each other's backs working together as a team. What's your next move?
We have many open positions; please take a look at https://jobs.buckglobal.com/
At Buck, we are working to redefine the Social Contract, or two-way relationship, between our clients and their employees, trustees and members, to not only accommodate shifting expectations, but to stay ahead of them. We partner with forward-thinking organizations to re-envision the role of the employer and re-design how employees work and live.
We offer market leading Pensions Administration and Consulting solutions to a wide portfolio of clients.
Our web-based and mobile-first platform provides participants with an enhanced retirement planning and readiness tools, as well as access to pension statements and a comprehensive resource library.
Our integrated administration platform includes case management, document management, and ad-hoc reporting to provide administrative staff with the productivity and efficiency tools they need to get the job done.
As a Pensions Analyst in our National Projects team, you will work with a range of pension and projects specialists to deliver a high-quality service for new and existing Buck clients for all the UK offices.
Adhere to team standards, using best practices, project criteria and audit requirements
Undertakes assigned work in a timely and accurate manor, delivering on agreed target dates
Work closely with all teams (admin, consultancy, actuarial, PSD) to ensure work progresses seamlessly through to completion
Supports department in delivering a high-quality service to our clients
Analysis and interpretation of scheme rules and actuarial instructions
Identifies process improvement opportunities and supports senior staff with implementation of them
Produces Project Update Reports for both internal and external clients
Retain high-level knowledge of legislation within the pension areas
Training, coaching and supporting junior members of the team
To peer review and ensure own work is peer reviewed as appropriate
Type of projects:
GMP reconciliations for both Scheme Cessation and Scheme Reconciliation Services (SRS)
GMP Rectifications for both Scheme Cessation and Scheme Reconciliation Services (SRS)
Data Cleansing exercises
Bulk Trivial Commutations & Bulk CETV exercises
Scheme Closure exercises
What we look for:
Good understanding of DB (defined benefits) Pension experience with good technical knowledge;
Strong final salary calculations experience;
Understanding of pension scheme rules and actuarial instructions;
Experience of GMP rectification or reconciliation exercise is a distinct advantage;
Intermediary to Advance Excel knowledge;
Strong analytical and problem-solving skills;
Ability to work productively as a team member and experience of working in a project team;
MS Office (Word/Excel/Outlook) experience;
Strong communication skills both verbal and written;
Ability to take responsibility for quality of own work and using their initiative;
Able to build constructive working relationships characterised by a high level of acceptance, cooperation, and mutual respect.
As an established company with a start-up mentality we know that our employees are key to our success. We offer a comprehensive remuneration package while taking into consideration aspects such a flexible working and factors key to a good work life balance.
What we offer:
Highly competitive salary;
Minimum 25 days annual leave (excluding Bank holidays) with the option to purchase additional (10 days) or sell back (5 days);
Private Medical cover including partner / spouse and children;
Excellent Defined Contribution pension provisions;
Comprehensive Life Assurance coverage up to 6 times base salary);
Interest free season ticket loan;
Company profit sharing scheme (company bonus)
Staff referral scheme;
Additional flexible benefits Scheme to support you and your family in and out of work encompassing; Health & Wellbeing, Protection and Lifestyle covering; additional Life assurance, Travel insurance, Dental insurance, Medical Cash plan, Health screening, Critical Illness cover plus many more.
At Buck, we pride ourselves in our Diversity and Inclusion and are an Equal Opportunity Employer.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, age, disability or any other legally protected basis, in accordance with applicable UK law.
We are exclusively focused on helping our clients and their people succeed together. By this, we mean we’re partnering with some of the world's most forward-thinking companies to re-envision and re-design the way that employees work and live. And we’re doing this by finding the right combination of consulting, outsourcing, and technology solutions to help our clients realise the best organisational performance for their businesses while driving positive health, wealth, and career outcomes for their people.
2-3 years: Pensions projects
3-5 years: Defined benefits pensions