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- Tasks: Support the Resident Services team with pension calculations and data management.
- Company: Join a local authority in the heart of London, dedicated to serving its community.
- Benefits: Enjoy a competitive hourly rate, hybrid working, and flexible hours.
- Why this job: Gain valuable experience in pensions while contributing to public service and community welfare.
- 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 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 administrating 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 SHORTLISTED APPLICANTS WILL BE CONTACTED.
Pensions Advisor in City of London employer: Pertemps London
Contact Detail:
Pertemps London Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pensions Advisor in City of London
✨Tip Number 1
Familiarise yourself with the Local Government Pension Scheme (LGPS) and other relevant pension schemes mentioned in the job description. Understanding these regulations will not only help you during the interview but also demonstrate your commitment to the role.
✨Tip Number 2
Network with current or former employees in similar roles, especially within local authorities. They can provide valuable insights into the day-to-day responsibilities and expectations, which can be beneficial for your preparation.
✨Tip Number 3
Brush up on your IT skills, particularly with MS Office packages. Being proficient in these tools is crucial for managing data and performing calculations accurately, which are key aspects of the Pensions Advisor role.
✨Tip Number 4
Prepare to discuss your attention to detail and numeracy skills during the interview. Think of specific examples from your past experience where these skills were essential, as they are highly valued in this position.
We think you need these skills to ace Pensions Advisor in City of London
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Pensions Advisor. Familiarise yourself with the Local Government Pension Scheme (LGPS) and other relevant regulations mentioned in the job description.
Tailor Your CV: Highlight your previous experience in pensions roles and any specific knowledge of LGPS or similar schemes. Use keywords from the job description to ensure your CV aligns with what the employer is looking for.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and explain how your skills and experience make you a suitable candidate. Mention your attention to detail and communication skills, as these are crucial for the position.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your professionalism and attention to detail, which is essential for a Pensions Advisor.
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 other relevant pension schemes. Familiarise yourself with their regulations and requirements, as this knowledge will be crucial during your interview.
✨Showcase Your Attention to Detail
Since the role requires excellent attention to detail, prepare examples from your past experience where your meticulousness made a difference. This could include instances where you identified discrepancies or improved processes.
✨Demonstrate IT Proficiency
Be ready to discuss your experience with MS Office and any other relevant software. You might be asked to perform a task or solve a problem using these tools, so practice beforehand to feel confident.
✨Prepare for Scenario-Based Questions
Expect questions that assess how you would handle specific situations related to pensions administration. Think through potential scenarios and how you would approach them, focusing on your problem-solving skills and ability to communicate effectively.
