DB Technical Transaction Analyst
Date Posted: 21/03/2024
Location: Reigate
Job Type: Full time
Apply NowPart Time - 18 hours per week
This is a key role within the Defined Benefit Solutions area to support the operational set up of new transactions from exclusivity stage which includes data preparation to enable production of factor based member option outputs. Working alongside the Senior Technical Transaction Analyst, the team will provide support in the preparation of new scheme transitions into both the data cleanse function and production of mapped data to onboard schemes onto the member options factor tool.
Through consistency and structure in our set up, we maximise efficiency, provide clarity to all area’s involved in the transition, implementation and onboarding teams which ultimately support our service commitment to our clients and members.
n this role you will be involved in:
- Producing consistent benefit specification documentation for all new transactions.
- From exclusivity, or contract signing stage for small schemes, ensure data is in place within the member factors tool to enable member options to be produced.
- Assessment of data, which includes pricing assumptions where required, to create initial data templates for the transition team.
- Through analysis of contractual terms, update Flo to reflect contractual delivery dates for member option deliverables
- Working alongside Post Transaction Services Manager, to provide or support assessment of each new scheme to understand complexity and support needs for the data cleanse activity
- Support GMP Equalization work by preparing templates when required.
Skills and Knowledge
- Technical Defined Benefit knowledge
- Ability to work on own and to tight deadlines, maintaining exceptional standards of accuracy and attention to detail.
- Good organisational and prioritisation skills.
- Good verbal, written communication and interpersonal skills.
- Good analytical and issue resolution skills.
- An understanding of project management would be beneficial, but not essential.
- An understanding of DB pensions and/or Bulk annuities, pension scheme administration requirements and systems would be beneficial, but not essential.
Experience
- Experience working in the BPA or Defined Benefit industry for administrators or an insurance company required.