Insurance Operations Analyst at Accenture

Gurugram, Haryana, India

Apply Now

Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Insurance, Pensions, Financial ServicesIndustries

Requirements

Graduate in any stream
3 to 5 years of experience (up to 5 years preferred in UK Pension domain – Investment Administration)
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
Open to flexible shifts based on business requirements
Good verbal & written communication skills
Good typing skills and attention to detail
Good time management skills and ability to work independently

Responsibilities

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 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

Skills

UK Pension

Investment Administration

Limit Reviews

Investment Management

Fee Adjustments

Payment Allocations

Asset Transfer

Corporate Actions

Fund Mergers

Bulk Disinvestment

Annual Statements

Data Development

Income Tax Submissions

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.

Land your dream remote job 3x faster with AI

Try Jobo Free