At a Glance
- Tasks: Support pension scheme members and handle complex calculations in a dynamic team.
- Company: Join First Actuarial, a leading pensions consultancy with a collaborative culture.
- Benefits: Enjoy flexible working, competitive salary, private health insurance, and 25 days annual leave.
- Other info: Friendly team environment with opportunities for professional growth and hybrid working options.
- Why this job: Make a real difference in people's lives while developing your skills in pensions administration.
- Qualifications: 2+ years in pensions administration and excellent communication skills required.
The predicted salary is between 29700 - 36300 £ per year.
First Actuarial has been around since 2004, when a small group of like-minded actuaries came together to bring fresh thinking to pensions consultancy.
More than two decades later, our strong growth path has continued year on year, and we now employ over 500 people across seven locations.
First Actuarial is owned by Gallagher, one of the world’s leading insurance brokers, risk management and consulting firms.
First Actuarial forms part of Gallagher’s UK Benefits & HR Consulting division (GBS UK).
GBS UK is a leading provider in the pensions consultancy market, offering a full end-to-end retirement proposition, including actuarial and investment consulting, risk transfer, pensions administration and retirement communications.
With experts positioned across all regions, we support pension schemes of all sizes across the full range of solutions.
First Actuarial operates nationally with more than 550 colleagues across seven UK offices.
Our focus is on delivering high-quality advice and service at a fair and transparent level of fees.
As we develop our business, opportunities for our people grow.
Our Basingstoke, Birmingham, Leeds, Manchester, Peterborough, Tonbridge, and London offices provide supportive work environments where everyone can make a difference.
We enjoy work and celebrate our successes.
And we provide support and helpful feedback, so we all learn and improve.
We love numbers, but we love people more.
Staff wellbeing and work-life balance have always been core values.
Beyond the firm, we’re known for our integrity.
We’re happy to challenge conventional thinking and speak up.
Our pioneering work is set to transform the lives of millions of younger people with a new type of pension.
The Role
We are looking to recruit a range of Pension Administrator roles throughout our offices.
You’ll be dealing with pension scheme members, explaining how their pension works, handling complex calculations and keeping up to date with changes in the world of pensions.
Your work will make a real difference, helping us meet our client expectations and communicate effectively with a variety of third parties.
Why work at First Actuarial?
Talented employees who are happy to work to the best of their ability for the business and our clients are well rewarded at First Actuarial.
In addition to a competitive salary, private medical insurance, income protection insurance and a pension, we will offer you:
- Flexible working options including some homeworking and flexibility in your working day to accommodate your commute or family commitments.
- Full support with training and development opportunities
- Support and reward for professional qualifications - https://www. pensions-pmi. org. uk/qualifications-and-learning/
- An informal working environment and casual dress policy
- A friendly and supportive team.
Who are we looking for?
- At least 2 years in a range of pensions administration roles
- Progression in a PMI qualification or equivalent, or willing to study for one.
- Excellent communication skills, with ability to express complicated ideas in a concise and clear way.
- Ability to calculate pensions and interpret scheme rules
- Proven and significant experience dealing with DB schemes
- Good awareness of legislative issues
- Self-motivation and ability to work autonomously, in line with the responsibilities that the role requires
- Ability to meet client SLAs, contribute to good practice and foster the development of junior team members
- Good Microsoft Excel skills, with the ability to set up template calculation tools
Responsibilities
You will make an active contribution to team goals, develop your skills and broaden your experience. You will be responsible for
- Delivering pragmatic solutions and applying a logical approach to problem solving
- Supporting and developing team members
- Preparing helpful and informative documentation
- Talking to pension scheme members, clients and third parties
- Guiding scheme members through their pension journey.
- Providing support to the Team Leader
- Doing/checking of calculations and assisting team members with difficult cases and non-standard queries (subject to experience).
What we offer you
- A competitive remuneration package
- Private health insurance, life insurance and income protection insurance
- 25 days annual leave as standard
- 7% Employer pension contribution
- Full training and study support.
We have hybrid working in place for colleagues who prefer homeworking for part of the week.
We’re also flexible on working day arrangements and will happily accommodate a range of personal commitments from day one.
Our straightforward, interview-based approach to recruitment ensures equal opportunities for all applicants.
Please note that we can only accept candidates who have a right to work in the UK.
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Pension Administrator - Various roles employer: First Actuarial
First Actuarial is an exceptional employer, offering a supportive and flexible work environment across multiple UK locations, including Basingstoke, Birmingham, Leeds, Manchester, Peterborough, Tonbridge, and London. With a strong focus on employee wellbeing, professional development, and a culture that celebrates success, we empower our team members to thrive while making a meaningful impact in the pensions consultancy sector. Join us to enjoy competitive benefits, including private medical insurance, generous leave, and opportunities for career progression within a friendly and collaborative atmosphere.
StudySmarter Expert Advice🤫
We think this is how you could land Pension Administrator - Various roles
✨Tap into Campus Networks
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
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We think you need these skills to ace Pension Administrator - Various roles
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to First Actuarial.
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How to prepare for a job interview at First Actuarial
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with First Actuarial.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at First Actuarial will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former First Actuarial employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
