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- Tasks: Administer Defined Benefit pension schemes and handle member events with precision.
- Company: Join a reputable firm dedicated to exceptional pension administration services.
- Benefits: Enjoy a supportive work environment with opportunities for professional growth.
- Why this job: Perfect for detail-oriented individuals passionate about making a difference in clients' lives.
- Qualifications: Strong background in DB pensions and commitment to high-quality service required.
- Other info: Positions available in vibrant Edinburgh or Glasgow offices.
The predicted salary is between 36000 - 60000 £ per year.
Job Description Eden Scott’s client is seeking a knowledgeable and meticulous Defined Benefit (DB) Pension Administrator to join their office in either Edinburgh or Glasgow. In this role, you will be responsible for delivering accurate and high-quality administration for DB pension schemes, ensuring that all member records, calculations, and queries are handled professionally and efficiently. This is a fantastic opportunity for someone with a strong background in DB pensions who values attention to detail and is committed to providing exceptional service to clients and scheme members. Key Responsibilities: Administer Defined Benefit pension schemes, including processing member events such as retirements, transfers, deaths, and leavers. Maintain and update member records, ensuring accuracy and compliance with scheme rules and regulatory requirements. Perform complex benefit calculations for members, including early retirements, transfer values, and pension increases. Support the preparation of annual and periodic scheme events, such as benefit statements and pension increases. Handle member and client queries with professionalism, providing clear and accurate information. Collaborate with team members to meet agreed service levels and deadlines for administration tasks. Assist in the preparation of reports and data for trustees, clients, and regulatory bodi…
Defined Benefit Pension Administrator employer: Eden Scott
Contact Detail:
Eden Scott Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Defined Benefit Pension Administrator
✨Tip Number 1
Familiarize yourself with the specific regulations and compliance requirements related to Defined Benefit pension schemes. This knowledge will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the pensions industry, especially those who work with DB schemes. Attend relevant seminars or webinars to gain insights and make connections that could lead to job opportunities.
✨Tip Number 3
Prepare to discuss specific examples from your past experience where you successfully handled complex benefit calculations or resolved member queries. This will showcase your expertise and problem-solving skills.
✨Tip Number 4
Stay updated on current trends and changes in pension regulations. Being knowledgeable about recent developments will set you apart as a candidate who is proactive and engaged in the field.
We think you need these skills to ace Defined Benefit Pension Administrator
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Defined Benefit Pension Administrator position. Understand the key responsibilities and required skills, so you can tailor your application accordingly.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience with Defined Benefit pension schemes. Provide specific examples of how you've handled member events, maintained records, or performed benefit calculations.
Show Attention to Detail: Since the role requires meticulous administration, demonstrate your attention to detail in your application. Use clear formatting, check for spelling and grammatical errors, and ensure all information is accurate.
Express Commitment to Service: In your cover letter, convey your commitment to providing exceptional service to clients and scheme members. Share any relevant experiences where you successfully managed client queries or collaborated with team members.
How to prepare for a job interview at Eden Scott
✨Show Your Knowledge of DB Pensions
Make sure to brush up on your understanding of Defined Benefit pension schemes. Be prepared to discuss specific regulations, calculations, and processes related to DB pensions, as this will demonstrate your expertise and commitment to the role.
✨Highlight Attention to Detail
Since this role requires meticulous administration, be ready to provide examples from your past experience where your attention to detail made a significant impact. Discuss how you ensure accuracy in member records and compliance with scheme rules.
✨Prepare for Technical Questions
Expect technical questions related to benefit calculations and member events. Practice explaining complex concepts clearly and concisely, as this will showcase your ability to handle queries professionally and efficiently.
✨Demonstrate Team Collaboration Skills
Collaboration is key in this role, so think of examples where you've successfully worked with others to meet deadlines or improve processes. Highlight your communication skills and how you contribute to a positive team environment.
