Pensions Calculations Analyst

PensionsAge; New London (NH); On-site; USD 85,000 - 110,000; Full time

Job summary

PensionsAge in New London, NH is seeking a highly capable pensions calculation expert to join the Business Solutions Team. You will act as a subject matter expert, mentor, and quality gatekeeper, overseeing the development methodology from specification through testing and final sign-off.

You will produce detailed calculation specifications from scheme rules and legislation, perform thorough testing before UAT, and document findings for stakeholders.

Qualifications

• Extensive experience in pension administration and calculations analysis, incl. DB retirement, transfer, death calculations.
• Strong Defined Contribution knowledge and understanding of current pensions legislation.
• Ability to interpret complex scheme rules and translate them into robust specifications.
• Advanced Excel skills with complex formulas and data manipulation.
• Experience with pension administration systems and high IT literacy.
• Strong project management awareness, delivering to specification, time and budget.
• Excellent analytical and problem-solving skills with a methodical approach.
• A-C grade English and Maths at A-Level or GCSE level.

Responsibilities

• Act as subject matter expert, mentor, and quality gatekeeper across the Business Solutions Team.
• Develop and maintain the methodology for calculation development from specification through testing and sign-off.
• Produce detailed calculation specifications from scheme rules, documentation, and legislation.
• Conduct thorough testing of outputs prior to UAT and document findings for review.
• Peer review work to ensure accuracy and consistency.
• Analyse calculation errors, identify root causes, and recommend improvements.
• Collaborate with Project Managers and CRMs to scope tasks, estimate effort, and manage timelines.
• Manage relationships with actuaries and legal teams on complex queries.
• Support and deputise for the Lead Pensions Calculation Analyst as needed.

Skills

Pension calculations

Advanced Excel

Project management

Analytical thinking

Communication skills

IT literacy

Education

A-Level/GCSE English & Maths

Tools

Pension administration systems

Job description

You'll act as a subject matter expert, mentor, and quality gatekeeper across a high-performing Business Solutions Team — with the variety, responsibility, and scope to make a genuine impact. Developing and maintaining the methodology for calculation development, from specification through to testing and sign-off.

• Producing detailed calculation specifications from scheme rules, technical documentation, and legislation, including result writebacks, letter and web automation, and test packs
• Conducting thorough testing of developer outputs prior to UAT, and documenting findings for business and client review
• Peer reviewing work completed by other team members to ensure accuracy and consistency
• Analysing calculation errors, identifying root causes, and recommending improvements
• Collaborating with Project Managers and CRMs to scope tasks, estimate effort, and manage timelines
• Managing relationships with third parties such as scheme actuaries and legal teams on complex technical queries
• Supporting and deputising for the Lead Pensions Calculation Analyst as needed

What We're Looking For

• Extensive experience in pension administration and calculations analysis, with a strong grounding in DB retirement, transfer, and death calculations
• Solid Defined Contribution knowledge alongside a sound understanding of current pensions legislation
• Proven ability to interpret complex scheme rules and translate them into technically robust specifications
• Advanced Excel skills — complex formulas, analysis tools, and data manipulation
• Experience with pension administration systems and a high level of IT literacy
• Strong project management awareness, including delivery to specification, time, and budget
• Excellent analytical and problem-solving skills with a methodical, detail-oriented approach
• A-Level or GCSE English and Maths (grades A–C or equivalent)

The Kind Of Person Who'll Thrive In The Role

You're self-driven and comfortable working autonomously, but you bring strong collaborative instincts and clear communication to everything you do. You can balance multiple priorities without dropping the ball on quality, and you genuinely enjoy staying ahead of legislative developments in the pensions world. You're as comfortable mentoring junior colleagues as you are digging into a technically complex scheme rule.