PSRTEK
BA+Pension
11 days ago
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Important information
Contract type:
Permanent
Location:
Chennai, Tamil Nadu, India
Work mode:
Onsite
Published on:
16 October 2026
What they need
Senior Functional Business Analyst (Pensions)
Skill - Business Analyst with pension exp
Exp - 5 to 11 Years
Location - Pan India
Notice - Immediate to 15 days
CTC upto - 30 LPA
Location: Onshore (UK)
Grade: P1
Experience: 7 to 10 years as a Business Analyst
**Background**
The client is undergoing a transformation. Restructuring has reduced onshore, in-sourced operational capacity, including SME and Operations Analyst roles, while regulatory and operational demand continues to rise. Senior Business Analysts will fill this gap, bringing both analysis discipline and the ability to work through pensions operational complexity. The role supports the integration of group operations and may include backfill for front-book work.
**Role Purpose**
Provide strong functional business analysis across pensions transformation, regulatory change and operational delivery. The BA will work in the space between analyst and SME, unpicking complex processes, rules and exceptions, and turning them into clear requirements, process designs and delivery-ready outputs.
**Key Responsibilities**
Elicit, analyse and document business and functional requirements across pensions administration processes
Map current and target-state processes, identifying inefficiencies, risks and automation or simplification opportunities
Work through pensions complexity, including edge cases, scheme rules and exception handling, and translate it into clear, testable requirements
Partner with Project and Programme Managers on regulatory and transformation initiatives, supporting scoping, impact assessment, planning and RAID management
Fill the operational analysis and SME gap left by restructuring, acting as a go-to analytical resource for operational teams
Support the integration of group operations, including process alignment and operating model change
Provide analysis support for front-book change and backfill where needed
Work effectively across onshore and offshore teams, ensuring clear handover, documentation and knowledge transfer
Support UAT, defect triage and business readiness through to implementation
Engage and manage stakeholders from operations through to senior leadership, communicating clearly and challenging constructively
Essential Skills and Experience
7 to 10 years experience as a Business Analyst, in a senior or lead capacity
Strong functional BA fundamentals: requirements, process modelling, user stories and acceptance criteria, gap and impact analysis
Pensions or long-term savings experience (Tier 1 essential; Tier 2 not required, but strong aptitude for absorbing domain complexity is expected)
Experience in transformation or change programmes, ideally in regulated financial services
Exposure to regulatory change delivery and its governance
Confident stakeholder management, with experience working alongside PMs and operational SMEs
Excellent written and verbal communication, with a structured, evidence-based approach to problem solving
Desirable
Knowledge of Pensions
Experience in an outsourced administration or BPO environment
Background in operations analysis or as a pensions SME before moving into BA work
Experience of operational restructuring, insourcing or integration
BA certification (e.g. BCS/IIBA CBAP) or Agile/hybrid delivery experience
Profile Tiers (for sourcing)
Tier 1 - Pensions-experienced BA: Proven pensions experience combined with strong BA fundamentals. Able to work through pensions complexity and act in an SME or operations analyst capacity where needed.
Tier 2 - Strong BA without pensions experience: Senior-level BA with excellent fundamentals and a track record in regulated financial services transformation. No pensions background required, but able to learn quickly and work through domain complexity with support.
Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
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