At a Glance
- Tasks: Manage and administer the company’s pension scheme, ensuring compliance and accurate record-keeping.
- Company: Join a dynamic team in London focused on employee benefits and financial security.
- Benefits: Enjoy a matched pension contribution, 25 days holiday, private medical insurance, and more!
- Why this job: Be part of a vital role that supports employees' financial futures while working in a collaborative environment.
- Qualifications: Experience in pension administration with knowledge of DB and DC schemes is essential.
- Other info: Work in-house three days a week, perfect for balancing work and life.
The predicted salary is between 48000 - 72000 £ per year.
London (3 days)
Benefits
- Pension contribution DC plan matched up to 10%
- Holiday 25 days a year with the opportunity to buy up to 5 additional days
- Life cover of 4x pensionable earnings and ill-health benefits
- Private medical insurance and access to virtual GP
- Season ticket loan
The Role
You will be responsible for managing and administering the company’s pension scheme. This role involves ensuring compliance with pension regulations, maintaining accurate records, and serving as a point of contact for employees regarding their pension benefits.
Responsibilities
- Day to day active, deferred and pensioner administration, including calculations, AVCs, new joiners, opt outs.
- General data maintenance for all categories of member, refunds deferred pensions transfers in (DC), transfers out, normal, late, early and ill-health retirements, retirement quotations, deaths in service/deferment/retirement.
- All Pensioner administration including adding and ceasing members to pensioner payroll, pension increases, tax queries, providing information to DWP, reclaiming overpaid pension instalments following deaths, tracing members when payments/correspondence are returned, commutation of pensions in payment, mortality exercises and general pensioner record maintenance including bank changes, address updates and power of attorneys.
Your Skills and Experience
- Significant level of pension administration experience DB and DC.
- Up to date knowledge of specific pensions legislation and HMRC requirements relating to occupational pension schemes.
- Strong numeracy, written and verbal communication skills.
- IT literate.
- Self-motivated, organised, acts on own initiative.
Senior Pensions Administrator (In House) employer: huddle Recruitment
Contact Detail:
huddle Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Pensions Administrator (In House)
✨Tip Number 1
Familiarise yourself with the latest pension regulations and HMRC requirements. Being well-versed in these areas will not only boost your confidence but also demonstrate your commitment to staying updated in this field.
✨Tip Number 2
Network with professionals in the pensions industry. Attend relevant seminars or webinars, and connect with people on platforms like LinkedIn. This can provide you with insights into the role and may even lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of your previous pension administration experience during interviews. Highlight situations where you successfully managed complex cases or improved processes, as this will showcase your expertise.
✨Tip Number 4
Demonstrate your IT skills by being familiar with common pension administration software. If you have experience with specific tools, be ready to mention them, as this can set you apart from other candidates.
We think you need these skills to ace Senior Pensions Administrator (In House)
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to grasp the responsibilities and required skills. Tailor your application to highlight your relevant experience in pension administration, particularly with DB and DC schemes.
Highlight Relevant Experience: In your CV and cover letter, emphasise your significant experience in pension administration. Provide specific examples of your work with compliance, record maintenance, and employee communication regarding pension benefits.
Showcase Your Skills: Make sure to demonstrate your strong numeracy and communication skills in your application. Use clear and concise language, and consider including examples of how you've successfully managed complex pension-related tasks.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in a role that involves managing sensitive financial information.
How to prepare for a job interview at huddle Recruitment
✨Showcase Your Pension Knowledge
Make sure to brush up on your knowledge of both DB and DC pension schemes. Be prepared to discuss specific legislation and HMRC requirements, as this will demonstrate your expertise and suitability for the role.
✨Highlight Your Administration Skills
Since the role involves a lot of administration tasks, be ready to share examples of your previous experience in managing pension records and handling complex calculations. This will help the interviewer see your practical skills in action.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific situations, such as dealing with tax queries or tracing members. Practising these scenarios can help you articulate your thought process and problem-solving abilities effectively.
✨Demonstrate Your Communication Skills
As a point of contact for employees, strong communication is key. Be prepared to discuss how you've successfully communicated complex information in the past, whether in writing or verbally, to ensure clarity and understanding.