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Pension Transition Analyst

32,244 P.A. ?
Location: Sheffield
Company: Aon
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Pension Transition Analyst

We're hiring!

Aon are currently recruiting a Transition Analyst to join our team in either Glasgow or Sheffield. The Transition Analyst will be primarily responsible for providing pension administration teams with the system functionality they need to administer pension schemes. In the main, this will be achieved through the capture of calculation requirements, specification of system calculations and identification of test scenarios.

About Aon

Headquartered in London, Aon Plc is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.
The UK pensions landscape is evolving at a rapid pace. Economic challenges, legislative change, an ageing population and asset volatility pose a wide variety of risks and challenges to pension schemes. Trustees and scheme sponsors are faced with a range of decisions on difficult topics from managing risk to improving member engagement, setting an investment strategy to managing DC plans.
Aon Retirement Solutions' market-leading capabilities and award-winning expertise make us the perfect partner to help clients through their pension challenges. We can provide integrated and comprehensive solutions across actuarial, plan administration, investment and insurance disciplines, enabling us to serve our clients' unique needs every step of the way.
Aon is an equal opportunities employer. Aon's recruitment and selection policy ensures the best possible skill mix of colleagues and the highest quality candidates are appointed using objective job-related criteria.

About the Role

Your impact as a Pension Transition Analyst;

Gathering information on technical requirements to produce a benefit basis. This will require the review of Scheme Rules and documentation, in addition to working with other parties, such as the administration team and the scheme actuary.

Applying the intel gained from the information gathering phase and benefit basis to facilitate the creation of calculation routine specifications.

Identification of all scenarios needed to fully test a calculation build, within a test matrix

Creation of calculation test cases, including expected results.

Applies Aon's standard processes and procedures.

Identify and record queries/issues through the project and work with the relevant parties to ensure that they are resolved.

Attend project meetings and provide progress updates against plan tasks/timescales.

Work with the appropriate parties to gain the sign-off required for relevant specifications.

Work with other project team members to ensure all deliverables are met.

Provide the appropriate transfer of knowledge (including associated hand-over material) and support to the Administration Team.

Identifies potential revenue opportunities, for example, non-standard or scheme specific requirements.

Awareness of Departmental metrics and contribution towards their achievement.

Take ownership of progressing potential improvements identified.

Responsible for working in accordance with the Aon UK Limited Risk Management Framework, and compliance with the Aon UK Limited policies, including participation in the management of risks (including completion of mandatory training) that may adversely affect the business, interests or reputation of any Group Company.

About you

As a Pension Transition Analyst your skills and qualifications will include;

  • Experience of working in the Pensions service industry

  • Experience of performing Defined Benefit (DB) pensions calculations for different member statuses, including contracted-out members

  • Knowledge of UK pension legislation

  • Proficient with MS Excel - intermediate to Advanced Excel skills

  • Ideally you will demonstrate a Proficiency with MS Office applications and SQL

  • A knowledge of Aon systems solutions (EQ Administrator / Data Viewer) is beneficial

Salary and Benefits

This role offers a competitive salary, plus a comprehensive benefits package and 25 days holiday. Through our flexible benefits, you will also have the opportunity to choose additional benefits, including healthcare and additional holiday. We also offer tremendous potential with a growing worldwide organisation.

Our Colleague Experience
Every day, our colleagues make a difference, work with the best, own their potential, and value one another. Together, we share this one purpose: to empower economic and human possibility around the world. This unifying goal is at the heart of our identity, and it lives in everything we do. To learn more about our colleague experience, visit Aon Colleague Experience.

We're happy to talk flexible working. If you need to flex your working pattern, Aon offers flexible and agile working policies and we're happy to discuss options with you upon application
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