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- Tasks: Support the Resident Services team with pension calculations and data management.
- Company: Join a local authority dedicated to serving the community in West London.
- Benefits: Enjoy a competitive hourly rate, hybrid work options, and flexible hours.
- Why this job: Gain valuable experience in pensions while making a positive impact on residents' lives.
- Qualifications: Previous pensions experience and knowledge of LGPS are essential; strong IT skills required.
- Other info: This is a temporary role for 3 months, perfect for students seeking practical experience.
A Local Authority is seeking a Resident Access Advisor to support their Resident Services team at their West London offices. This is a temporary position to start ASAP for an initial 3-month period and will pay £20.86 per hour. This is a hybrid position working circa 3 days at their offices in Hammersmith. The role can be offered on either a full or part time basis.
The main responsibilities of the Pension Advisor will include:
- Develop and maintain a sound knowledge of the Local Government Pension Scheme (LGPS) Regulations, Teachers Pension Scheme (TPS), Discretionary Payments Regulations, the State Pension Scheme, and HM Revenue & Customs (HMRC) and The Pensions Regulator requirements in respect of pensions.
- Assist in maintaining statistical data, including records of payments to and from the Pensions Fund and the accuracy of LGPS deductions from scheme members’ pay as calculated by employers.
- Calculate and check that pensionable remuneration has been correctly determined for deferred retirement benefits, actual retirement benefits, interfund adjustments and any other transfer values or benefits.
- Calculate and check redundancy payments where required.
- Advise the pensions administrator of pay to be used in the calculation of child related absence, sickness, strike and leave of absence, and to perform/check any calculations as required.
- Ensure that any new employers or admitted bodies are onboarded into the Fund in an accurate and timely manner.
- Control, monitor and reconcile the LGPS employee and employer contributions for employing and admitted bodies, schools and academies with external payroll providers, and resolve any discrepancies.
- Ensure that employers and their payroll administrators are correctly administering AVC deductions.
The ideal Pensions Advisor will have the following knowledge, skills and experience:
- Previous experience in a similar pensions role.
- Knowledge and experience of LGPS (Local Government Pension Scheme).
- IT proficient to include MS Office packages.
- Excellent attention to detail and numerate.
- Good verbal and written communication skills.
ONLY SHORT LISTED APPLICANTS WILL BE CONTACTED.
Pensions Advisor employer: Pertemps London
Contact Detail:
Pertemps London Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pensions Advisor
✨Tip Number 1
Familiarise yourself with the Local Government Pension Scheme (LGPS) and Teachers Pension Scheme (TPS) regulations. Understanding these frameworks will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with current or former Pensions Advisors, especially those who have worked within local authorities. They can provide valuable insights into the role and may even refer you to opportunities within their networks.
✨Tip Number 3
Brush up on your IT skills, particularly with MS Office packages. Being proficient in these tools is essential for managing data and performing calculations accurately, which are key aspects of the job.
✨Tip Number 4
Prepare for potential interview questions by practising how you would handle specific scenarios related to pension calculations and discrepancies. This will showcase your problem-solving skills and attention to detail.
We think you need these skills to ace Pensions Advisor
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Pensions Advisor position. Familiarise yourself with the key responsibilities and required skills, particularly those related to the Local Government Pension Scheme (LGPS) and Teachers Pension Scheme (TPS).
Tailor Your CV: Customise your CV to highlight relevant experience in pensions or similar roles. Emphasise your knowledge of LGPS and TPS, as well as any specific achievements that demonstrate your attention to detail and numeracy skills.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and your understanding of the pension schemes mentioned. Use specific examples from your past experience to illustrate how you meet the requirements outlined in the job description.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail, which is crucial for a Pensions Advisor role.
How to prepare for a job interview at Pertemps London
✨Brush Up on Pension Schemes
Make sure you have a solid understanding of the Local Government Pension Scheme (LGPS) and Teachers Pension Scheme (TPS). Familiarise yourself with the key regulations and requirements from HMRC and The Pensions Regulator, as these will likely come up during your interview.
✨Showcase Your Attention to Detail
Given the nature of the role, it's crucial to demonstrate your attention to detail. Prepare examples from your previous experience where your meticulousness made a difference, especially in calculations or data management.
✨Prepare for Technical Questions
Expect technical questions related to pension calculations and contributions. Brush up on how to calculate redundancy payments and pensionable remuneration, as well as how to reconcile contributions with payroll providers.
✨Communicate Clearly
Good verbal and written communication skills are essential for this role. Practice explaining complex pension concepts in simple terms, as you may need to advise clients or colleagues who aren't familiar with the details.
