These (four) openings are with a major player in the Financial Services market that is committed to training and developing staff, therefore they are very keen to work with people who want to learn. These posts are open for people with any type of pensions administration background, although DC/Money Purchase experience would be ideal. An interesting area of pensions, focussing on retirement, death, divorce and ill-health cases - all within a growing team of 15. Genuine career prospects.
The Company: Our client is a global entity employing over 5000 people in 24 countries. They administer over £200billion in funds worldwide and this office is a fantastic complex consisting of over 1000 people.
The Role: This part of the company supports and maintains pension administration services for a wide range of corporate clients. The nature of the service provided includes full support to pension scheme members at all stages of the administration life cycle through to specialist support to trustees and members for specific task delivery. This Retirement Team process retirement, death, divorce and ill-health cases for members of DC pension schemes. The role is key to providing an uncompromising service to clients and members. Main responsibilities:
Accurately processing financial transactions for Retirement, Death and Divorce, including cases with Protected Tax Free Cash (PTFC) and Guaranteed Minimum Pension (GMP) calculations.
Quality checking PTFC and GMP calculations
Organise the day to day planning of your workload.
Supporting two other teams linked to the Retirements Team, providing further role diversification.
Prioritise and check thoroughly the accuracy and completeness of all aspects of own work and the work of others.
Ensure administration work is within the expected standards in productivity, quality and response times
- Deal promptly and confidently with routine and non-routine enquiries by providing accurate information
Skills / Experience Required: Prior pensions administration experience is absolutely essential. Ideally this experience will be within DC schemes with prior exposure to PTFC and GMP calculations, but this is not essential. You must be a self-starter, keen to learn, able to demonstrate a good use of initiative and can respond rapidly to changing agendas. Strong communication skills are vital as are good numeracy and computer literacy (Excel, Word and Powerpoint).
Additional Information: This role comes with a salary around the £25,000 to £29,000 range. Bonus is worth c.£2,250 and the generous pension worth up to an additional £3,700 + further benefits and study support. Hours are Mon - Fri, 9am - 5pm with some overtime available.
The Senior Pensions Administrator position is only one of many vacancies we are handling. ARC is a specialist within Financial Services recruitment and the Consultant handling this role has over 20 years experience in this field. Areas of expertise include pensions, sales support, employee benefits/group risk, compliance, flexible benefits, paraplanners, underwriting, customer services and IT related roles. We predominately focus on London and the Home Counties, although we have also been successful in offering national solutions and overseas. Check the website and feel free to call Darren Snell at any time.
- Defined Benefit
- Defined Contribution
- Money Purchase