Your new exciting occupational pension's role will be supporting the Pensions Manager in ensuring the smooth running of the day-to-day administration of a seven people strong In-house Pensions Department. The company's Defined Benefit Scheme administration is in-house, and closed to new entrants. The Defined Contribution scheme is outsourced to external TPA. You will work closely with other departments/teams both internal and external in order to provide a total service to pension department customers e.g. Pensions Accounts, Payroll, Administration Support and IT.
Having progressed the pension administration route yourself, you will be able to check and verify work undertaken by other members of the Pension's team including calculations, correspondence, reports and data updates. You will manage (including informal training and mentoring) more junior members of staff within the team, be a point of reference for the team on technical issues and non-standard cases escalating to the Pensions Manager where necessary, and have the ability and desire to continuously keep up to date with changes within pension's legislation. You will be able to monitor team activity and coordinate workloads in line with internal deadlines by organising, prioritising and making effective workload allocation decisions. You must be a 'hands on' Pensions Lead for your team, with the ability to review and amend calculation templates (including understanding formulas) for use by the team, making changes where needed in line with yearly changes in RPI/CPI, as well as other requirements. You will have past/current experience of dealing with complex manual calculations with the ability to use own initiative to ensure benefits are calculated in accordance with the Scheme Rules, as well as interpreting the advice received from the Scheme Advisors.
You will be a key member of the pension's administration team, providing support to the Pensions Manager and where applicable, deputising when absent. Alongside overseeing the team, you will also be involved in current projects (e.g. internal/external audits, systems improvements), and offer support for the Payroll & Pensions function for both on day-to-day changes and the monthly payroll cycle process (if you have not done payroll work yet, training can be given). You will deal with a variety of general enquires and correspondence from members, advisers and Trustees and communicate with them appropriately, investigating and managing any complaints within a set timeframe, liaising with the team on any resulting training needs if required. You will help in the in the preparation of annual events such as Scheme Returns, providing all relevant information to the Pensions Regulator where necessary, and assist in collating and checking the data required for membership reconciliations for the Quarterly Administration Report.
This role offers plenty of diversity and scope for personal growth and development.
For a full Job Profile about this role, to apply, or for a formal/informal discussion please contact me.