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- Tasks: Support the Resident Services team with pension calculations and compliance.
- Company: Join a local authority dedicated to serving the community in West London.
- Benefits: Enjoy a competitive hourly rate and hybrid working options.
- Why this job: Gain valuable experience in pensions while contributing to public service.
- Qualifications: Previous pensions experience and knowledge of LGPS required.
- Other info: This is a temporary role for 3 months, with flexible hours available.
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 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 internally, increasing your chances of landing the job.
✨Tip Number 3
Brush up on your IT skills, particularly with MS Office packages. Being proficient in these tools is essential for maintaining statistical data and performing calculations accurately, which are key responsibilities of the role.
✨Tip Number 4
Prepare to discuss your attention to detail and numeracy skills during the interview. Be ready to provide examples from your previous experience where these skills were crucial in your work, as they are highly valued in this position.
We think you need these skills to ace Pensions Advisor
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, explain why you are a good fit for the role. Mention your attention to detail, numeracy skills, and proficiency in IT, particularly with MS Office. Provide examples of how you've successfully handled similar tasks in the past.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter. Check for any spelling or grammatical errors, and ensure that all information is accurate and clearly presented. A polished application reflects your professionalism.
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, 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. Highlight any instances where you caught errors 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, especially regarding calculations and discrepancies.
