Insurance Operations Analyst at Accenture

Gurugram, Haryana, India

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, PensionsIndustries

Requirements

Up to 5 years of experience in UK Pension domain – Business Administration and Claims Processing including Death Claims (preferred)
Must have experience in New Business, Money In/Out, Benefits, Cash Management & Recon, Payroll, Cash/Credit Control
Knowledge of MS Office Tools
Graduate in any stream
Experience in the UK Pensions 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
3 to 5 years of experience

Responsibilities

Process new pension scheme setups and member enrollments in line with regulatory and scheme-specific requirements
Validate documentation, ensure accurate data capture, and coordinate with internal teams for onboarding completion
Handle contributions, transfers, and withdrawals across pension schemes
Review and assess complex insurance claims including death claims to determine coverage and eligibility for payment
Research and verify claims information including policy details, claims document validation, calculating benefit amount and other relevant documentation
Identify the correct payee or beneficiary to release the claims payment
Ensure timely and accurate allocation of funds to member accounts and investment portfolios
Reconcile incoming and outgoing payments, resolving discrepancies with finance and client service teams
Process member benefit claims including retirement, death, and ill-health payments
Ensure correct calculation of entitlements and compliance with govt. and scheme rules
Coordinate with payroll and tax teams for accurate disbursement and reporting
Monitor daily cash positions across pension accounts
Perform reconciliations between bank statements, investment platforms, and internal records
Investigate and resolve breaks, ensuring audit readiness and financial integrity
Support pension payroll runs for regular benefit payments
Ensure accurate tax deductions, net payments, and timely submission to HMRC
Maintain payroll records and support member queries
Track outstanding contributions and receivables from employers or members
Follow up on overdue payments and escalate persistent issues
Maintain accurate credit control logs and support financial reporting
Completing assigned responsibilities and projects within timelines apart from managing daily BAU

Skills

UK Pensions

New Business Processing

Claims Processing

Death Claims

Money In/Out

Benefits

Cash Management

Reconciliation

Payroll

Cash Control

Credit Control

MS Office

Pension Scheme Setups

Member Enrollments

Contributions

Transfers

Withdrawals

Accenture

Global professional services for digital transformation

About Accenture

Accenture provides a wide range of professional services, including strategy and consulting, technology, and operations, to help organizations improve their performance. Their services assist clients in navigating digital transformation, enhancing operational efficiency, and achieving sustainable growth. Accenture's offerings include cloud migration, cybersecurity, artificial intelligence, and data analytics, which are tailored to meet the needs of various industries such as financial services, healthcare, and retail. What sets Accenture apart from its competitors is its extensive industry knowledge and ability to deliver comprehensive solutions that address both immediate challenges and long-term goals. The company's aim is to support clients in reducing their environmental impact while driving innovation and growth.

Dublin, IrelandHeadquarters

1989Year Founded

$8.5MTotal Funding

IPOCompany Stage

Consulting, Enterprise Software, CybersecurityIndustries

10,001+Employees

Risks

Rapid AI advancements may outpace Accenture's current capabilities, risking competitive disadvantages.

Integration challenges from multiple acquisitions could affect Accenture's operational efficiency.

The rise of AI-driven startups may disrupt Accenture's market share in customer service solutions.

Differentiation

Accenture's acquisitions enhance its capabilities in digital twin technology for financial services.

The company is expanding its expertise in net-zero infrastructure through strategic acquisitions.

Accenture's focus on software-defined vehicles positions it as a leader in automotive innovation.

Upsides

Accenture's investment in EMTECH supports central bank modernization amid digital currency evolution.

The acquisition of Award Solutions boosts Accenture's presence in the growing 5G and IoT markets.

Accenture's strategic acquisitions align with high-growth markets like digital twins and net-zero projects.

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