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 performing activities associated with the implementation of Bulk Purchase Annuity (BPA) business, covering a range of one-off and ongoing activities from implementation through buy-in and transition to buy-out.
The key areas of responsibility will vary depending on business needs, including:
Pre-execution data and operational complexity due diligence
Scheme onboarding
Scheme trustee and administrator management
Shadow administration (including buy-in payroll, member option validation, and movement processing)
Data flow and control
Data cleanse and true-up
Transition to buy-out (including policyholder communication and admin and payroll transition)
Ongoing reporting (including production and review of management information and valuation extracts)
About You:
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 deadline
About Royal London
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've always been proud to reward employees by offering great workplace benefits such as 28 days annual leave in addition to bank holidays, an up to 14% employer matching pension scheme and private medical insurance. You can see all our benefits here - Our Benefits
Inclusion, diversity and belonging
We're an Inclusive employer. We celebrate and value different backgrounds and cultures across Royal London. Our diverse people and perspectives give us a range of skills which are recognised and respected - whatever their background.
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