Insurance Operations Senior Analyst

Year    Pune, Maharashtra, India

Job Description

Company Name: VARITE India Private Limited
About The Client:
Client is a leading global professional services company that helps the world's leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services.
Essential Job Functions:

  • Full-time experience in processing UK Pension Investment Administration tasks.
  • Reviewing the investment administration request, processing the request, and requesting additional information/documents if needed.
  • Limit Reviews
  • Monitor and review and process pension investment limits in line with scheme rules and guidelines.
  • Escalate breaches and support remediation actions.
  • Fee Adjustments
  • Apply and update management, advisory, and platform fees based on client agreements.
  • Reconcile fee changes with accounting and reporting systems.
  • Payment Allocations
  • Allocate contributions, transfers, and disbursements to correct pension accounts and investment holdings.
  • Resolve mismatches and ensure audit trail integrity.
  • Application and Payment Handling
  • Process investment applications and confirm selected options.
  • Ensure accurate execution of transactions and timely payment confirmations.
  • Asset Transfers
  • Facilitate in-specie and cash transfers between pension schemes or providers.
  • Coordinate with custodians and ensure compliance with pension transfer regulations.
  • Corporate Actions & Fund Mergers
  • Process fund events such as mergers, splits, and dividend actions.
  • Update member records and communicate changes to impacted clients.
  • Bulk Disinvestment
  • Execute large-scale asset liquidations for scheme restructuring or member withdrawals.
  • Ensure alignment with investment mandates and market timing.
  • Annual Statements
  • Generate and distribute member statements detailing contributions, fund performance, and pension value.
  • Validate data accuracy and ensure regulatory compliance.
  • Income Tax Submissions & Enquiries
  • Support submissions for pension contributions, withdrawals, and tax relief claims.
  • Respond to member and tax authority for enquiries with appropriate documentation.
  • Data Development
  • Maintain and enhance pension data structures for reporting, compliance, and analytics.
  • Collaborate with IT and data teams to improve data quality and automation.
  • Liaise with pension administrators, fund managers, custodians, and compliance teams.
  • Provide operational support to client service teams and respond to member queries.
  • Completing assigned responsibilities and projects within timelines apart from managing daily BAU.
Qualifications:
  • Skill required: Retirement Solutions - Investment Management
  • Qualifications: Any Graduation
  • Years of Experience: 5 to 8 years
Skillset:
  • Graduate in any stream.
  • Experience in the UK Pension- Investment Administration domain (preferred)
  • Open to flexible shifts based on business requirements.
  • Good verbal & written communication skills
  • Good typing skills and attention to detail.
  • Good time management skills. Ability to work independently
  • Up to 7 years of experience in UK Pension domain - Investment Administration (preferred).
  • Must have experience in Limit Reviews, Investment Management, Fee Adjustments, Payment Allocations, Asset Transfer, Corporate actions & Fund Mergers, Bulk Disinvestment, Annual Statements, Data Development, Application and Payment (Investment options and confirmations, Transaction), Income tax submissions and enquiries.
  • Subject Matter Expert/ Trainer with 4+ years of experience in remote transitions, developing quality checklists, performing RCA, and developing action plans to improve quality performance.
How to Apply: Interested candidates are encouraged to respond/submit their updated resumes, and for additional job opportunities, please visit
Unlock Rewards: Refer Candidates and Earn.
If you're not available or interested in this opportunity, please pass this along to anyone in your network who might be a good fit and interested in our open positions. VARITE offers a Candidate Referral program, where you'll receive a one-time referral bonus based on the following scale if the referred candidate completes a three-month assignment with VARITE.
Experience Level Bonus Referral: 0-2 years INR 5,000
2-6 years INR 7,500
6+ years INR 10,000
About VARITE: VARITE is a global staffing and IT consulting company providing technical consulting and team augmentation services to Fortune 500 Companies in USA, UK, CANADA and INDIA. VARITE is currently a primary and direct vendor to the leading corporations in the verticals of Networking, Cloud Infrastructure, Hardware and Software, Digital Marketing and Media Solutions, Clinical Diagnostics, Utilities, Gaming and Entertainment, and Financial Services.
Equal Opportunity Employer:
VARITE is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, marital status, veteran status, or disability status.

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Job Detail

  • Job Id
    JD5193190
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Pune, Maharashtra, India
  • Education
    Not mentioned
  • Experience
    Year