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For Companies At a Glance
- Tasks: Manage pension administration tasks and assist members with queries.
- Company: Join MUFG Pension & Market Services, a global leader in financial solutions.
- Benefits: Enjoy a full-time role with opportunities for growth and development.
- Why this job: Be part of a team that values accuracy and supports your professional journey.
- Qualifications: Experience in pension administration and strong analytical skills required.
- Other info: This is an entry-level position with potential for career advancement.
The predicted salary is between 28800 - 43200 £ per year.
A global, digitally enabled business that empowers a brighter future by connecting millions of people with their assets – safely, securely and responsibly. Through our two businesses MUFG Retirement Solutions and MUFG Corporate Markets, we partner with a diversified portfolio of global clients to provide robust, efficient and scalable services, purpose-built solutions and modern technology platforms that deliver world class outcomes and experiences.
As an experienced pensions administrator with relevant experience and knowledge of delivering pension administration services, you will provide a high quality pensions administration service assisting members and trustees. You will work on a portfolio of different schemes ranging in size and type, although the team predominantly services Defined Benefit arrangements. Technical knowledge of cradle to grave pensions administration is required and an ability of understanding scheme rules and current legislation is welcomed. You will work on all day-to-day activities, as well as supporting other members of the team.
Key Accountabilities and main responsibilities- Operational Management
- Accurately maintaining and updating member records.
- Communicating with clients and scheme members on complex queries when required via letter, email and telephone.
- Gain a thorough understanding of the scheme details administered in the team and ensure activities are processed in line with the scheme rules.
- Performing complex pensions calculations, enter pensions data and answer enquiries to the required standard using both automated and non-automated manual/system processes across a wide range of member or scheme events.
- Processes member events including Retirements, Deaths, Early leavers, Transfers In, Transfers Out and Illustrative quotations.
- Escalating complex technical queries and issues.
- Providing a consistent and efficient service to all internal and external client/members and in line with agreed services levels.
- Working with the Principal Administrator and Team Leader to improve operational efficiencies.
- Managing annual and periodic scheme events.
- Ensure that targets and deadlines are met and that you take responsibility for ad hoc projects ensuring all deadlines are met and quality is of a high standard.
- Peer review of complex calculations as required, interpreting the rules of the schemes and other documentation.
- Work with the various teams to sign off benefit specs/control files and associated testing material.
- Work with industry bodies to share and gather best practice principles.
- Lead on any data or GDPR incidents.
The above list of key accountabilities is not an exhaustive list and may change from time-to-time based on business needs.
Experience & Personal Attributes- Previous experience of day-to-day pension administration and of working on DB, DC and CARE pension arrangements.
- Ability to perform complex pension calculations, and the ability to peer review other calculations to a high standard of accuracy.
- Strong knowledge of defined benefit member calculation processes, scheme knowledge, scheme types and governing legislation issues.
- Ability to work on own and to tight deadlines, maintaining exceptional standards of accuracy and attention to detail.
- Strong analytical and problem-solving skills.
- The ability to juggle multiple tasks and plan and organise your workload effectively.
- Exceptional communication skills, demonstrated through your ability to be clear and concise in communications with clients, members and colleagues.
- The ability to work well as part of a team and lead by example, including aiding in the coaching and development of junior colleagues across the firm.
- Be positive and professional at all times and build strong relationships with others.
Administrator, IPS employer: MUFG Intime India Pvt Ltd
Contact Detail:
MUFG Intime India Pvt Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Administrator, IPS
✨Tip Number 1
Familiarise yourself with the specific pension schemes that MUFG manages, especially Defined Benefit arrangements. Understanding the nuances of these schemes will help you demonstrate your expertise during any discussions or interviews.
✨Tip Number 2
Brush up on your knowledge of current legislation and regulations surrounding pensions administration. Being able to discuss recent changes or trends in the industry can set you apart as a knowledgeable candidate.
✨Tip Number 3
Prepare to showcase your analytical and problem-solving skills through real-life examples. Think of situations where you've successfully managed complex calculations or resolved challenging queries, as this will highlight your capability for the role.
✨Tip Number 4
Network with current or former employees of MUFG if possible. They can provide valuable insights into the company culture and expectations, which can help you tailor your approach when applying and interviewing.
We think you need these skills to ace Administrator, IPS
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Administrator, IPS role. Understand the key responsibilities and required skills, especially around pensions administration and communication with clients.
Tailor Your CV: Customise your CV to highlight relevant experience in pensions administration, particularly with Defined Benefit arrangements. Emphasise your technical knowledge and any specific achievements that align with the job requirements.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention your understanding of the pension schemes and your ability to handle complex calculations, as well as your strong communication skills.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for spelling and grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at MUFG Intime India Pvt Ltd
✨Know Your Pensions Inside Out
Make sure you have a solid understanding of the different types of pension schemes, especially Defined Benefit arrangements. Brush up on the relevant legislation and be prepared to discuss how you've applied this knowledge in your previous roles.
✨Demonstrate Your Analytical Skills
Be ready to showcase your analytical and problem-solving abilities. You might be asked to solve a complex pensions calculation or explain how you would handle a specific scenario, so practice articulating your thought process clearly.
✨Communicate Clearly and Confidently
Exceptional communication skills are key for this role. Prepare examples of how you've effectively communicated with clients and colleagues in the past, especially when dealing with complex queries or sensitive information.
✨Show Your Team Spirit
This position requires collaboration with various teams. Be prepared to discuss how you've worked as part of a team in the past, including any leadership roles you've taken on or how you've helped develop junior colleagues.
