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- Tasks: Join our in-house pensions team to manage defined benefit schemes and support members.
- Company: A national client based in Fife, focused on providing top-notch pensions administration.
- Benefits: Enjoy flexible working, competitive salary, and an early finish on Fridays.
- Why this job: Be part of a supportive team and see the impact of your work daily.
- Qualifications: Experience in defined benefit administration and strong communication skills are essential.
- Other info: Initial 24-month contract with a strong chance of becoming permanent.
The predicted salary is between 36000 - 60000 £ per year.
Our exclusive national client require additional defined benefit pensions support within their Fife office. This is a fantastic opportunity to join their close knit in house pensions team during a period of growth. There is also the option to be involved in rectifiation work and projects.
In the role you will provide an accurate, reliable and a high standard of pensions administration service for Members and Trustees of the in-house defined benefit pension schemes.
Key Responsibilities
- Calculation and payment of scheme benefits ensuring compliance with legislative and pension scheme requirements. This includes early leaver calculations, transfer values, the calculation and payment of benefits for member retiring normal/early/late or on ill-health retirement and deaths
- Ensuring work is completed to agreed Service Level Agreements
- Maintaining the Pensions Administration system
- Dealing with enquires from members, trustees and the employer
- Liaising with Payroll/HR departments and external companies
- Assisting with ad-hoc project based work
Qualification/Experience
- Defined Benefit Administration experience from cradle to grave
- Ideally experience of using Profund, with a good understanding of Word and Excel
- Relevant Pensions industry qualification, such as QPA would be beneficial
- Excellent communication skills, both written and verbal
- Strong attention to detail and commitment to provide ongoing quality
- Good knowledge of UK pensions legislation
- Team player, who is able to work to tight deadlines
- Able to prioritise and organise workload
In return there is a highly competitive salary on offer, benefits, flexible working as an option with an early finish on a Friday and returning to blended working when restrictions allow. Initially the role is for 24 months due to the nature of the contract but a strong likelihood of permanent.
You will be joining a professional warm and supportive environment and have a varied role – really seeing the benefit added at the end of each day.
This role is critical to the team and our client is eager to commence interviews as soon as possible. Please apply now or contact Alison for a confidential discussion.
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Pensions Administrator - Defined Benefit, in house employer: Eden Scott
Contact Detail:
Eden Scott Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pensions Administrator - Defined Benefit, in house
✨Tip Number 1
Familiarise yourself with the specific requirements of defined benefit pensions administration. Understanding the nuances of calculations, compliance, and member interactions will set you apart from other candidates.
✨Tip Number 2
If you have experience with Profund, make sure to highlight this in your discussions. Being able to demonstrate your proficiency with this software can significantly boost your chances of landing the role.
✨Tip Number 3
Prepare to discuss your previous experiences in detail, especially any projects or rectification work you've been involved in. This shows your capability to handle the responsibilities outlined in the job description.
✨Tip Number 4
Emphasise your communication skills during the interview. Since the role involves liaising with various stakeholders, showcasing your ability to convey information clearly and effectively will be crucial.
We think you need these skills to ace Pensions Administrator - Defined Benefit, in house
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in defined benefit administration. Include specific examples of calculations and compliance work you've done, as well as any relevant qualifications like QPA.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your attention to detail and ability to meet deadlines, as these are crucial for the position.
Highlight Relevant Skills: Emphasise your communication skills and experience with software like Profund, Word, and Excel. These are important for liaising with members and managing the Pensions Administration system.
Showcase Teamwork Experience: Since the role requires being a team player, include examples of how you've successfully collaborated with others in previous roles, especially in high-pressure situations.
How to prepare for a job interview at Eden Scott
✨Showcase Your Defined Benefit Knowledge
Make sure to brush up on your defined benefit pensions knowledge before the interview. Be prepared to discuss specific calculations and processes, such as early leaver calculations and transfer values, as this will demonstrate your expertise in the area.
✨Highlight Your Attention to Detail
Given the importance of accuracy in pensions administration, be ready to provide examples of how you've maintained high standards in your previous roles. Discuss any experiences where your attention to detail made a significant impact on your work.
✨Prepare for Teamwork Questions
As a team player, you’ll need to show that you can collaborate effectively with others. Think of examples where you’ve worked closely with colleagues or departments, such as Payroll or HR, to achieve a common goal.
✨Demonstrate Your Communication Skills
Strong communication is key in this role. Prepare to discuss how you’ve handled inquiries from members or trustees in the past. Consider sharing a situation where your communication skills helped resolve an issue or clarify complex information.
