Pension Calculation Analyst

Alexander Lloyd; Leeds; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A leading Pensions organisation in England is seeking a technically minded Pensions professional to join their specialist business unit. You will be responsible for delivering accurate Pension calculations for complex Defined Benefit schemes, alongside a team of experts. The ideal candidate will possess strong DB Pensions knowledge and problem-solving abilities, with a focus on quality and automation in a hybrid working environment. This role offers professional development opportunities and emphasizes inclusion and innovation.

Benefits

Professional development opportunities

Flexible working

Inclusive culture

Qualifications

• Strong technical DB Pensions knowledge.
• Experience in UK occupational pensions with Defined Benefit expertise.
• Strong analytical, problem-solving, and communication skills.

Responsibilities

• Deliver accurate and efficient Pension calculations.
• Analyse Trust Deeds and scheme documentation.
• Liaise with third parties for complex queries.

Job description

Are you a technically minded Pensions professional eager to work for a leading Pensions organisation and their specialist business unit?

This is an exciting opportunity to work on a portfolio of large and complex UK Defined Benefit pension schemes, alongside a team of experienced Pension calculation specialists. The role offers exposure to high-profile schemes and innovative Pensions propositions, with a strong focus on quality, automation and continuous improvement.

The role

You will play a key role in delivering accurate, efficient and scalable Pension calculations, contributing to both day-to-day delivery and longer-term process optimisation. Responsibilities include :

• Analysing Trust Deeds, Rules and scheme documentation to design accurate and maintainable calculation solutions
• Producing detailed DB calculation specifications and supporting automation test packs from first principles
• Supporting and developing end-to-end calculation automation and efficiency improvements
• Liaising with third parties such as scheme actuaries and legal advisers to resolve complex technical queries
• Managing workloads effectively to meet deadlines while maintaining high quality standards
• Contributing to continuous improvement initiatives and a collaborative “one team” culture

About you

You will bring strong technical DB Pensions knowledge and enjoy solving complex problems in a detail-driven environment. You are likely to have :

• Experience in UK occupational pensions, with strong Defined Benefit expertise
• In-depth knowledge of GMP, GMP Equalisation, contracting-out requirements and historic UK pensions legislation
• A self-starter mindset, comfortable working with ambiguity and new technology
• Strong analytical, problem-solving and communication skills
• Good working knowledge of Excel and Word
• The ability to manage multiple priorities and work effectively both independently and as part of a virtual team

Experience with Unix-based systems, SQL or command-line tools is advantageous but not essential, as training will be provided.

What’s on offer

You’ll join a collaborative, forward-thinking Pensions environment with a strong commitment to hybrid and flexible working. The organisation places real emphasis on inclusion, innovation, professional development and creating better outcomes for Pension scheme members.