The BPA Implementation Analyst role within the growing BPA Operations team will contribute to Royal London's market entry in the bulk annuities sector. This role involves activities related to the implementation of Bulk Purchase Annuity (BPA) business, covering a range of tasks from implementation through buy-in and transition to buy-out. The key responsibilities will vary depending on business needs, including:
1. Pre-execution data and operational complexity due diligence
2. Scheme onboarding
3. Scheme trustee and administrator management
4. Shadow administration (including buy-in payroll, member option validation, and movement processing)
5. Data flow and control
6. Data cleanse and true-up
7. Transition to buy-out (including policyholder communication and admin and payroll transition)
8. Ongoing reporting (including management information and valuation extracts)
We are looking for candidates with the following skills, experience, and qualifications:
* General understanding of defined benefit pensions or willingness to learn
* Experience with reviewing contracts and extracting relevant information
* Appreciation of operational challenges from data migration and ongoing management
* Experience working with spreadsheet models
* Comfortable completing calculations using proforma spreadsheets and self-reviewing outputs
* Desire to undertake professional training
* Financial background or numerically literate
* Experience managing senior stakeholders and working towards deadlines
We're the UK's largest mutual life, pensions, and investment company, offering protection, long-term savings, and asset management products and services.
Our People Promise to our colleagues is that we will all work somewhere inclusive, responsible, enjoyable, and fulfilling. This is underpinned by our Spirit of Royal London values: Empowered, Trustworthy, Collaborate, Achieve. We offer great workplace benefits such as 28 days annual leave plus bank holidays, up to 14% employer matching pension scheme, and private medical insurance. All our benefits can be seen here - Our Benefits.
Inclusion, diversity, and belonging are core to us. We celebrate and value different backgrounds and cultures across Royal London. Our diverse people and perspectives give us a range of skills which are recognized and respected—whatever their background.
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