Senior Pension Calculation

Job Title: Pension Calculation Analyst

Location: Mumbai Pune

We are seeking a detail-oriented and analytical Pension Calculation Analyst to join our team. In this role, you will be responsible for calculating, validating, and processing pension benefits for clients, ensuring compliance with regulatory requirements, and maintaining accurate records. The ideal candidate will have a strong understanding of pension schemes, actuarial processes, and an aptitude for financial data analysis.

• Process pension calculations for various pension schemes (Defined Benefit, Defined Contribution, etc.).
• Analyze and validate pension data, ensuring accuracy and compliance with regulatory requirements.
• Collaborate with internal teams (actuarial, legal, finance) to resolve any discrepancies or issues related to pension calculations.
• Assist in the preparation of reports and analysis for clients and senior management.
• Conduct periodic reviews of pension plans to ensure they are up-to-date and aligned with industry standards.
• Provide support in the automation of pension calculation processes and tools.
• Communicate effectively with clients and stakeholders regarding pension-related queries and issues.
• Participate in audits and ensure proper documentation for all pension-related activities.
• Stay updated with changes in pension laws, regulations, and industry best practices.

• Bachelors degree in Finance, Mathematics, Actuarial Science, Economics, or related field.
• Minimum 5 years of experience in pension calculation, actuarial support, or related fields.
• Strong knowledge of pension plans, including Defined Benefit and Defined Contribution schemes.
• Proficiency in MS Excel and other pension calculation tools.
• Experience in data analysis and ability to handle large datasets with accuracy.
• Strong attention to detail and ability to work with complex calculations.
• Excellent communication skills (both written and verbal) to interact with clients and internal teams.
• Strong problem-solving and analytical skills.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.

• Actuarial qualification (e.g., Associate of the Institute of Actuaries or equivalent) or studying towards an actuarial certification.
• Experience working with pension software or calculation systems (e.g., Pension Administration Systems, Excel Macros, etc.).
• Knowledge of pension regulations specific to India or international pension schemes.
• Understanding of financial reporting standards related to pensions.
• Experience with automation tools or scripting languages (e.g., Python, VBA).
• Ability to work in a collaborative environment and contribute to process improvement initiatives.

• Location: Mumbai or Pune