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For Companies At a Glance
- Tasks: Manage pension schemes and assist clients with their queries daily.
- Company: Join a friendly, structured team in Godalming focused on personal development.
- Benefits: Enjoy flexible working, onsite parking, and support for your professional growth.
- Why this job: This role offers significant career development and ongoing support for exams.
- Qualifications: A variety of soft skills and relevant experience are required.
- Other info: Ideal for those looking to grow in the pensions sector.
The predicted salary is between 28000 - 35000 £ per year.
Why Join Us
We are excited to offer an excellent opportunity for a Pensions Administrator to join our client’s friendly and structured team in Godalming. The role presents significant career development prospects, with ongoing support, including exam guidance and study leave. As a Pensions Administrator, you will be involved in a variety of tasks, including preparing documentation, collating information and supporting pension consultants. The ideal candidate will be organised, analytical and a strong communicator.
Company Benefits
- Onsite parking
- Flexible working
- Personal development – help developing your role, exam support including guidance, study leave and the cost of study
- Accrue additional holiday for extra hours worked
- Life cover
- Private healthcare
- Pension scheme
Key Responsibilities
- Prepare documentation for consultants to present to clients
- Collate information from prior pension schemes and draft initial analysis of clients’ other pension arrangements
- Set up scheme current/deposit accounts as required
- Obtain transfer value quotes and manage transfers agreed by the consultant
- Draft initial actuarial reports and prepare submissions for Inland Revenue approval
- Follow up with the Inland Revenue to ensure timely approval
- Complete all administrative tasks on the establishment checklist
- Attend to scheme registration and assist with scheme reviews
- Draft client letters and reminders for scheme reviews, ensuring timely annual reviews or as otherwise agreed
- Assist consultants in reminding clients about contribution payments and track variations in contribution levels
- Handle year‑end administrative tasks, including life cover arrangements
- Generate standard client correspondence with the assistance of administrative staff
- Ensure timely completion of all administrative tasks by managing schedules and delegating as necessary
Investment/Borrowing Transactions
- Assist consultants by researching and/or obtaining quotations for investments from the company’s list of investments
- Prepare and process paperwork for deposits, stock market investment, property and other investments
- Prepare loan documentation
- Calculate loan interest when due, bill it where necessary, and monitor receipt thereof
- Liaise with consultants to monitor closely all investment/loan/property transactions parties to ensure no breach of limits/legal requirements
- Liaise with consultants to monitor closely all transactions with members and/or connected parties to ensure no breach of legal requirements
Experience and Skills Requirements
- Strong multitasking abilities with excellent workload management
- Background in finance or pensions preferred
- Proficient in Microsoft Office and strong numeracy skills
- Excellent organisational skills and the ability to delegate effectively
- Confident and clear communicator, both written and verbal
- A team player with a proactive approach
- Willingness to pursue CII qualification or similar certification
Next Steps
This is an exciting opportunity for someone looking to develop their career within pensions administration while benefiting from a supportive work environment and fantastic employee benefits. Apply today to take the next step in your career!
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Contact Detail:
2i Recruit Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pensions Administrator
✨Tip Number 1
Familiarise yourself with the latest pension regulations and policies. Being knowledgeable about current trends in pensions will not only boost your confidence but also impress the hiring team during any discussions.
✨Tip Number 2
Network with professionals in the pensions industry. Attend relevant events or join online forums to connect with others in the field. This can provide you with valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare for potential interview questions by practising common scenarios a Pensions Administrator might face. Think about how you would handle specific situations, as this will demonstrate your problem-solving skills.
✨Tip Number 4
Showcase your soft skills during interactions with us. Communication, teamwork, and adaptability are crucial in this role, so be ready to provide examples of how you've successfully used these skills in past experiences.
We think you need these skills to ace Pensions Administrator
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to understand the specific skills and experience required for the Pensions Administrator position. Tailor your application to highlight how your background aligns with these requirements.
Craft a Tailored CV: Create a CV that emphasises your relevant experience in pensions administration or related fields. Use clear headings, bullet points, and quantify your achievements where possible to make your CV stand out.
Write a Compelling Cover Letter: Your cover letter should express your enthusiasm for the role and the company. Mention specific reasons why you want to work as a Pensions Administrator and how you can contribute to their team.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in the role of a Pensions Administrator.
How to prepare for a job interview at 2i Recruit Ltd
✨Understand the Role
Make sure you thoroughly understand what a Pensions Administrator does. Familiarise yourself with key responsibilities and the skills required, such as attention to detail and customer service. This will help you answer questions confidently and demonstrate your suitability for the role.
✨Showcase Your Soft Skills
Since the role requires a variety of soft skills, be prepared to discuss examples from your past experiences that highlight your communication, teamwork, and problem-solving abilities. Use the STAR method (Situation, Task, Action, Result) to structure your responses.
✨Research the Company
Take some time to research the company and its values. Understanding their culture and mission will allow you to tailor your answers and show how you align with their goals. It also demonstrates your genuine interest in the position.
✨Prepare Questions
At the end of the interview, you'll likely have the chance to ask questions. Prepare thoughtful questions about the team dynamics, career development opportunities, or the company's approach to pensions administration. This shows your enthusiasm and helps you assess if the company is the right fit for you.
