TPA Manager

Job title: Operations TPA Manager

Reports to: Operations Manager

Contract: Permanent

Operations Divisional Overview

The Operations division is an integral part of the independent control and support structure whose key mandate is to establish and maintain an effective control environment. Robust control and risk management drives our Business. Operations strategy is underpinned by 3 guiding principles- Payments, Policyholders and Data Management. These 3 principles drive our processes and controls, and are essential for reputation, risk/capital management, and TPA management. In addition, Operations provides solutions to new structures, monitors contractual and regulatory obligations and creates efficient and cost saving processes. It is also a member experience unit providing best-in-class policyholder service, client management and TPA management. 

General activities of the operations team include:

  • Act as an independent control over transactions of the Business
  • Trade capture and risk mitigation to ensure bookings are an accurate reflection of business risk
  • Execution and management of lifecycle events
  • Support of project teams in department-wide initiatives
  • Development of technology infrastructure to support the risk management and processing capabilities of transaction

The TPA Management Team ensures our TPAs (a) provide a best-in-class policyholder experience to protect our reputation, and (b) maintain accurate data as this feeds directly into our risk management model. 

This role will suit a person who is a self-starter, creative with process, confident in managing projects to strict deadlines, confident in communicating with a range of internal and external stakeholders, who can work independently as well as being part of a small team, and who is able to communicate effectively and demonstrate initiative. It is key that the candidate understands the role that Operations plays in a financial services firm such that they can ensure processes implemented fit in with the wider scope of the team. 

The position available gives the candidate a lot of autonomy and it is important that they are driven to deliver against targets whilst managing time and expectations independently. The role would ideally suit a candidate with +7/8 years’ work experience in the pensions sector.  Due to the dynamic nature of this role, previous work experience is essential.


Responsibilities:

  • Manage performance of third party administrators - SLAs / KPIs, delivery against initiatives
  • Deliver first-class member/policyholder service (including active TCF engagement)
  • Perform operational reviews and audits of processes and calculations
  • Compliance and complaints management
  • Coordinate and implement key strategic initiatives
  • Cost and budget management
  • Efficiency drives - continuous improvement initiatives focussing on processes and core controls
  • Client relationship management
  • Keep abreast of legislative and industry practice changes and implement these in the business

Skills & experience:

Mandatory:

  • Possess a degree from a leading university in a relevant subject and/or have relevant industry qualifications
  • Pensions knowledge
  • Strong understanding of risk management and control principles
  • Accuracy and absolute attention to detail
  • Ability to manage multiple tasks across and stay focused on the operational risks
  • Strong Excel skills
  • Project management experience
  • Ability to manage own workload and work as part of a team

Preferred:

  • Good pensions, insurance and/or reinsurance experience
  • Knowledge and understanding of the longevity risk market (eg: buy-outs, buy-ins, longevity swaps, reinsurance)
  • Experience of third party administration - processes, procedures, management
  • Ability to analyse complex documentation and summarise key operational controls required to risk manage transactions
  • Very strong communication skills with ability to clearly articulate issues to senior management

Competencies

  • Technical Skills - Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skills
  • Drive and Motivation – Be a self-starter; successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks
  • Client and Business Focus - Effectively handles difficult requests, builds trusting, long-term relationships with clients and service providers, helps the client to identify/define needs and manages client/business expectations
  • Teamwork – Demonstrate evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions 
  • Communication Skills - Communicates what is relevant and important in a clear and concise manner and shares information/new ideas with others
  • Judgement and Problem solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives.  Sees the big picture and effectively analyses complex issues 
  • Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value
  • Influencing Outcomes - Presents sound, persuasive rationale for ideas or opinions.  Takes a position on issues and influences others' opinions and presents persuasive recommendations

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