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Insurance Operations New Associate

Insurance Operations New Associate

Accenture in India

0 - 1 years

0 Lacs

gurugram haryana india

Posted:2 days ago| Platform:

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Skills Required

management strategy consulting technology network power communication typing data development processing support remediation accounting reporting resolve audit transactions compliance analytics service

Work Mode

On-site

Job Type

Full Time

Job Description

Skill required:

Retirement Solutions - Investment Management

Designation:

Insurance Operations New Associate

Qualifications:

Any Graduation

Years of Experience:

0 to 1 years

About Accenture

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 Administration Level : CL13

What are we looking for?

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

0-1 years of experience in UK Pension domain.

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. Roles and 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 o Monitor and review and process pension investment limits in line with scheme rules and guidelines. o Escalate breaches and support remediation actions.

Fee Adjustments o Apply and update management, advisory, and platform fees based on client agreements. o Reconcile fee changes with accounting and reporting systems.

Payment Allocations o Allocate contributions, transfers, and disbursements to correct pension accounts and investment holdings. o Resolve mismatches and ensure audit trail integrity.

Application and Payment Handling o Process investment applications and confirm selected options. o Ensure accurate execution of transactions and timely payment confirmations.

Asset Transfers o Facilitate in-specie and cash transfers between pension schemes or providers. o Coordinate with custodians and ensure compliance with pension transfer regulations.

Corporate Actions & Fund Mergers o Process fund events such as mergers, splits, and dividend actions. o Update member records and communicate changes to impacted clients.

Bulk Disinvestment o Execute large-scale asset liquidations for scheme restructuring or member withdrawals. o Ensure alignment with investment mandates and market timing.

Annual Statements o Generate and distribute member statements detailing contributions, fund performance, and pension value. o Validate data accuracy and ensure regulatory compliance.

Income Tax Submissions & Enquiries o Support submissions for pension contributions, withdrawals, and tax relief claims. o Respond to member and tax authority for enquiries with appropriate documentation.

Data Development o Maintain and enhance pension data structures for reporting, compliance, and analytics. o 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.

Any Graduation

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Insurance Operations New Associate