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- Tasks: Join our in-house pensions team to manage defined benefit schemes and support members.
- Company: A growing national client based in Burntisland, offering a supportive work environment.
- Benefits: Enjoy flexible working options, competitive salary, and an early finish on Fridays.
- Why this job: Make a real impact in a close-knit team while developing your skills in pensions administration.
- 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 rectification 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 enquiries from members, trustees and the employer.
- Liaising with Payroll/HR departments and external companies.
- Assisting with ad-hoc project based work.
- 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.
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 during discussions.
✨Tip Number 2
Network with professionals in the pensions industry, especially those who have experience with defined benefit schemes. Engaging in conversations can provide insights and potentially lead to referrals.
✨Tip Number 3
Brush up on your knowledge of UK pensions legislation and any recent changes. Being well-versed in current regulations will demonstrate your commitment and expertise in the field.
✨Tip Number 4
Prepare to discuss your experience with relevant software like Profund. Highlighting your technical skills will show that you're ready to hit the ground running in this role.
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 pensions administration. Include specific examples of your work with calculations, compliance, and any relevant software like Profund.
Craft a Strong Cover Letter: Write a cover letter that showcases your understanding of the role and the importance of accurate pensions administration. Mention your communication skills and attention to detail, as these are crucial for the position.
Highlight Relevant Qualifications: If you have any relevant qualifications, such as QPA or similar, be sure to mention them prominently in your application. This will demonstrate your commitment to the pensions industry.
Showcase Teamwork and Project Experience: Since the role involves working within a close-knit team and on ad-hoc projects, provide examples of your teamwork and project management experience. This will help illustrate your ability to thrive in a collaborative environment.
How to prepare for a job interview at Eden Scott
✨Know Your Pensions Legislation
Make sure you brush up on UK pensions legislation before the interview. Being able to discuss relevant laws and regulations will show your understanding of the industry and demonstrate your commitment to compliance.
✨Highlight Your Experience
Prepare to talk about your experience in defined benefit administration. Be ready to provide specific examples of your work, especially any calculations or projects you've handled, as this will showcase your expertise.
✨Demonstrate Attention to Detail
Since accuracy is crucial in pensions administration, be prepared to discuss how you ensure attention to detail in your work. You might want to share examples of how you've caught errors or improved processes in previous roles.
✨Showcase Your Communication Skills
Effective communication is key in this role. Think of instances where you've successfully dealt with inquiries from members or collaborated with other departments. This will illustrate your ability to work well within a team and with stakeholders.
