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Insurance Operations Associate

Insurance Operations Associate

Accenture

1 - 3 years

2 - 4 Lacs

gurugram

Posted:22 hours ago| Platform:

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Skills Required

insurance com time management skills administration time management regulatory compliance accounting it analytics cloud data quality operations automation compliance income tax data structures communication skills

Work Mode

Work from Office

Job Type

Full Time

Job Description

About The Role

Skill required: Retirement Solutions - Investment Management

Designation: Insurance Operations Associate

Qualifications:Any Graduation

Years of Experience:1 to 3 years
Accenture is a global professional services company with leading capabilities in digital, cloud and security.Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services, and Accenture Song"” all powered by the world's largest network of Advanced Technology and Intelligent Operations centers. Our 699,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities.Visit us at www.accenture.com
What would you do? Tower:UK Pension- Investment AdministrationLevel :CL12

What are we looking for?

Up to 3 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.

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

Roles and Responsibilities:

Roles & 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 ReviewsoMonitor and review and process pension investment limits in line with scheme rules and guidelines.oEscalate breaches and support remediation actions.

Fee AdjustmentsoApply and update management, advisory, and platform fees based on client agreements.oReconcile fee changes with accounting and reporting systems.

Payment AllocationsoAllocate contributions, transfers, and disbursements to correct pension accounts and investment holdings.oResolve mismatches and ensure audit trail integrity.

Application and Payment HandlingoProcess investment applications and confirm selected options.oEnsure accurate execution of transactions and timely payment confirmations.

Asset TransfersoFacilitate in-specie and cash transfers between pension schemes or providers.oCoordinate with custodians and ensure compliance with pension transfer regulations.

Corporate Actions & Fund MergersoProcess fund events such as mergers, splits, and dividend actions.oUpdate member records and communicate changes to impacted clients.

Bulk DisinvestmentoExecute large-scale asset liquidations for scheme restructuring or member withdrawals.oEnsure alignment with investment mandates and market timing.

Annual StatementsoGenerate and distribute member statements detailing contributions, fund performance, and pension value.oValidate data accuracy and ensure regulatory compliance.

Income Tax Submissions & EnquiriesoSupport submissions for pension contributions, withdrawals, and tax relief claims.oRespond to member and tax authority for enquiries with appropriate documentation.

Data DevelopmentoMaintain and enhance pension data structures for reporting, compliance, and analytics.oCollaborate 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.
Qualification Any Graduation

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Insurance Operations Associate