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- Tasks: Support pension records, monitor employer compliance, and assist with payments and data management.
- Company: Join a dedicated team focused on managing pension schemes and ensuring accurate member records.
- Benefits: Enjoy a collaborative work environment with opportunities for growth and skill development.
- Why this job: Make a real impact by helping others secure their financial futures while gaining valuable experience.
- Qualifications: No specific qualifications required; just bring your enthusiasm and willingness to learn!
- Other info: Perfect for high school and college students looking to kickstart their careers in finance or administration.
The predicted salary is between 36000 - 60000 £ per year.
Role Purpose
To undertake a range of administrative duties in relation to the pension client function, including the provision and checking of information to support the accurate maintenance of scheme member records, and to monitor and assist employers in fulfilling their obligations to the pension fund.
To provide administrative support to the Pensions Operations Team Manager as required.
Role Duties
- Assist the Pensions Operations Team Manager in maintaining statistical data to monitor the performance of the Third party pension administrator, which includes records of payments to and from the Pensions Fund and the accuracy of LGPS deductions from scheme members’ pay as calculated by employers.
- Liaise with scheme employers to ensure that they meet their responsibilities in respect of the accurate and timely provision of all necessary pension information to the administering authority.
- Where required, provide details to the pension administrator of LGPS starters, leavers, contractual hours changes, absence and all other relevant changes which impact on pension entitlements, and monitor the pension administrator to ensure accurate record maintenance.
- Prepare payment vouchers for authorisation of retirement grants, contribution refunds, transfers, and death grants to generate timely payments.
- Ensure the timely payment of third-party supplier invoices including for the administrators.
- Calculate and check redundancy payments where required. In the case of early retirements, provide relevant data to the pensions administrator to enable them to calculate pension benefits and costs to the employer, and liaise with any other parties as necessary to support the accurate and timely provision of this information.
- Advise the pensions administrator of pay to be used in the calculation of child related absence, sickness, strike and leave of absence, and perform/check any calculations as required.
- Ensure that any new employers or admitted bodies are on boarded into the Fund in an accurate and timely manner.
- Assist the Pensions Operations Team Manager in maintaining records to provide accurate data for the purposes of system control, monitoring of performance indicators and benchmarking.
- Retrieve archived records to provide information or resolve issues from members, contractors, employees, ex-employees, employers, pensions and financial providers, government agencies and any other third parties as necessary.
- Check pensions payroll data for new pensioners, deaths, beneficiaries, and adjustments to pension, and resolve any discrepancies.
If you’re interested in this role, click ‘apply now’ to forward an up-to-date copy of your CV, or call us now.
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Pensions Adviser employer: Hays
Contact Detail:
Hays Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pensions Adviser
✨Tip Number 1
Familiarize yourself with the Local Government Pension Scheme (LGPS) regulations and processes. Understanding the intricacies of pension administration will give you a significant edge during interviews and discussions.
✨Tip Number 2
Network with professionals in the pensions sector, especially those who work with LGPS. Engaging with them can provide insights into the role and may even lead to referrals or recommendations.
✨Tip Number 3
Stay updated on any changes in pension legislation and best practices. Demonstrating your knowledge of current trends and regulations can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss specific examples of how you've handled administrative tasks or resolved discrepancies in previous roles. Real-life scenarios can showcase your problem-solving skills and attention to detail.
We think you need these skills to ace Pensions Adviser
Some tips for your application 🫡
Understand the Role: Make sure you fully understand the responsibilities and duties of a Pensions Adviser. Familiarize yourself with terms like LGPS, pension entitlements, and redundancy payments to demonstrate your knowledge in your application.
Tailor Your CV: Highlight relevant experience in pensions administration or similar roles. Emphasize any skills related to data management, communication with employers, and accuracy in record-keeping, as these are crucial for this position.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and how your background aligns with the job requirements. Mention specific examples of how you've successfully managed similar tasks in the past.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. Ensure that all information is clear, concise, and professional, as attention to detail is vital in this role.
How to prepare for a job interview at Hays
✨Understand the Role
Make sure you have a clear understanding of the responsibilities outlined in the job description. Familiarize yourself with terms like LGPS, pension entitlements, and third-party administrators, as these will likely come up during the interview.
✨Prepare Relevant Examples
Think of specific instances from your past work experience where you successfully managed administrative tasks or liaised with employers. Be ready to discuss how you ensured accuracy in record maintenance and met deadlines.
✨Show Your Analytical Skills
Since the role involves monitoring performance indicators and maintaining statistical data, be prepared to demonstrate your analytical skills. You might be asked how you would approach data analysis or problem-solving in relation to pension records.
✨Ask Insightful Questions
Prepare thoughtful questions about the Pensions Operations Team and their processes. This shows your interest in the role and helps you understand how you can contribute effectively to the team.
