Established in 1993, the Pension Administration Business Area provides a broad range of services to trustees of UK occupational pension schemes such as DB, DC, CARE and cash balance. These services include benefit administration, pensioner payroll, administration consulting services, scheme governance and trustee secretarial, bespoke one off projects, cash handling and preparing draft accounts, PPF assessment administration services, data audits and data cleansing and specialist roles.
A snapshot of your day...
A team leader manages each team and work is carried out in accordance with the Pension Administration Practice Area's control environment procedures and Customer Care ethos which are in place to ensure accuracy and timeliness of the services for clients.
- Prepare manual and computer generated benefit calculations and related correspondence
- Maintain the member database; prepare computer generated benefit calculations and related correspondence
- Communicate with clients, their members and advisers
- Carry out and check cash handling transactions, liaising with the bank and investment managers as appropriate
- Process and check client pensioner payrolls, including calculation of net pay, arranging payments, liaison with tax offices and preparation of year end returns
- Liaise with authorities including DWP, HMRC, The Pensions Regulator and the Information Commissioner
- Read, research and understand documentation relating to each scheme, for example, deeds
- Check work of other team members, ensuring accuracy and compliance with procedures and legislation, as agreed
- Assist with project based work as agreed from time to time and be willing to attend client meetings as required
- Have working knowledge of Shared Workspace (specific for GMP Reconciliation)
- Demonstrate understanding of Scheme Reconciliation Service and how to use this for the benefit of clients (specific for GMP Reconciliation)
- Adhere to specific targets, carry out calculations and tasks involved in working on PPF schemes, and respond to the need for a rapid turnaround of work (specific for PPF Administration)
We would love to hear from if you have:
- GCSE Grade "5" or "C" in Maths and English or equivalent
- Ideally the Award in Pension Essentials or progress with other relevant PMI qualifications such as CPC (Certificate in Pension Calculations) would be an advantage.
- A willingness to make progress towards further professional qualifications would be a benefit; however, proven experience in the role is more desirable than academic achievement.
- Relevant Financial Services experience or a background in DC or DB pension administration
- Payroll experience would also be beneficial in particular roles (desirable, not essential).
______________________________________________________________________________
What's in it for you:
- Competitive discretionary annual bonus and salary review
- Generous pension scheme (we contribute 8%)
- Funded training and professional development
- Core benefits including private medical cover, life assurance, group income protection, and up to 30 days holiday per year with holiday trading
- A comprehensive range of voluntary benefits to suit you including an electric car leasing scheme, tech scheme, cycle to work scheme, dental cover, healthcare cash plan, health assessments, critical illness cover, Sports Allowance - we pay up to 50% of your gym/sports membership (up to £50 pm), travel insurance, paid volunteering, and a broad range of retailer discounts