Pensions Administrator
Guildford
Southern Home Counties - Surrey
United Kingdom
Posted on: 16/11/2023
Salary: GBP 25000 -> 32000 per year
Job type: Permanent
Sector: Financial Services
The role of Pension Administrator will be managed by a team leader who ensure accuracy and timeliness of the services for clients.
Responsibilities;
- 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
- 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)
Experience/Qualifications
- 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
Please note you will receive an automated response advising you that we have received your CV.
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Contact
Lucy Horne
Morgan Philips Specialist Recruitment
Home Counties
United Kingdom