At a Glance
- Tasks: Join a dynamic team managing pension administration for diverse clients.
- Company: Leading consultancy with a collaborative and inclusive culture.
- Benefits: Flexible working, competitive salary, profit share, and wellness support.
- Other info: Opportunities for personal and professional growth in a hybrid working model.
- Why this job: Make a real impact while developing your skills in a supportive environment.
- Qualifications: Experience in pension administration and strong attention to detail required.
The predicted salary is between 36000 - 60000 £ per year.
The Third Party Administration (TPA) department is a dynamic administration team with a varied portfolio of clients. They play a key part in providing our clients and members with a market-leading service on Defined Benefits (DB), Defined Contribution (DC) and CARE pension arrangements.
As a Senior Pensions Administrator, you will be part of a collaborative and dynamic administration team, delivering high-quality pension administration services across Defined Benefit (DB), Defined Contribution (DC), and CARE schemes. Your role will ensure accuracy and efficiency in all processes, providing outstanding support to members and clients both internally and externally. In addition to managing workflow when required, you will contribute to the growth of the team by mentoring less experienced colleagues, helping them build their skills and confidence.
Your key tasks will include:
- Ensuring allocated work is carried out in accordance with BU guidelines, procedures, quality standards and service standards.
- Maintaining and updating member records on the Universal Pensions Management system (UPM) and processing member events, including retirements, deaths, joiners, early leavers, transfers in and out, illustrative quotations.
- Assisting with workflow management, including checking system and non-system calculations and output performed by team members.
- Ensuring a professional and friendly service is provided by the team, and that the agreed scope, timescale and quality is delivered to clients in line with service levels.
- Identifying exceptions and errors and raising these with the Team Leader to mitigate risk (financial, reputation and regulatory).
- Ensuring the standard complaint procedure is followed by reporting all complaints and errors to the Team Leader at an early stage.
- Gathering and reporting client/member feedback to the Team Leader and proactively taking responsibility for implementing service improvements based on feedback.
- Maintaining the scheme cash books, reconciling bank statements and preparing the cash‐flow forecasts.
- Preparing and finalising Administration Reports and presenting these to clients/trustees.
- Managing annual and periodic scheme events, such as pension increase and annual renewal exercises.
- Ensuring mandatory Checking process is carried out consistently and effectively.
- Ensuring all work on a project is chargeable, goes to the right code and meets chargeability expectations of 75%.
- Ensuring non-standard work is identified and fees agreed before commencement.
- Acting as a point of reference in the team on technical issues, non-standard cases, and general procedure.
To enjoy and succeed in this role, you will have:
- GCSE / Scottish Standard (or equivalent) in Maths and English at Grade B or above.
- Proven experience of day-to-day pension administration – ideally both DB/DC and CARE pension arrangements – in a client and member focused environment.
- Good attention to detail and able to work quickly and accurately.
- Demonstrated understanding and experience of team‐working in a consultative, collaborative manner with others.
- Up to date working knowledge of relevant pensions legislation, technical developments affecting pension administration and industry best practice.
- Experience of working in a client‐focused role in pensions administration.
- Ability to plan and organise time and workload effectively, juggle priorities, work well under pressure and delegate effectively.
- Good IT skills, including working with Microsoft Office applications and experience of a pension administration system such as UPM, or system(s) with a similar purpose.
- Clear, accurate and concise communication skills both orally and in writing, demonstrating effective communication with clients/members.
- Knowledge of relevant regulatory body procedures.
- Good understanding of Data Protection legislation, the Information Commissioner, HMRC Limits, the Pensions Regulator, rules and regulations and recent legislative changes.
We would also encourage applications from candidates who perhaps do not possess all the attributes and experience listed above but are competent with the majority and would be able to quickly develop the additional skills and experience required in post with our full support.
In addition to a competitive salary and access to our profit share scheme, we offer:
- A flexible selection of employee benefits, so you can choose a package that best matches your lifestyle and needs.
- A collaborative and encouraging work environment where your thinking and ideas are encouraged.
- On-site mental health and wellbeing assistance.
- A commitment to helping you develop both personally and professionally, with mentoring opportunities and access to our award‐winning learning portal, Aspire.
- Regular social activities, in addition to three days paid volunteering leave each year and a day’s leave to celebrate your birthday.
- Hybrid working so you can enjoy the positive wellbeing of working from home as well as the benefits of meeting colleagues in our sociable, modern office environments – with the expectation of two 'in‐office' days per week.
- A flexible working window, allowing colleagues the freedom to work flexibly between the hours of 7 am and 7 pm.
Please note, we recruit on a rolling basis so early applications are recommended to avoid disappointment. We are committed to being open and transparent in our recruitment and reward processes.
About Us: Together, we’ve been building better futures for over 100 years. For our people, our clients and their people, our communities and the environment. We thrive on tackling complex problems. And we believe those problems are best solved by diverse teams – diverse in skills, approaches and backgrounds.
Our hybrid working model offers the best of both worlds – home working as well as a fun, collaborative office environment – meaning flexible working patterns to accommodate individual needs.
Senior Pensions Administrator in Glasgow employer: Hymans Robertson
Hymans Robertson is an excellent employer, offering a dynamic hybrid working model that promotes work-life balance while fostering an inclusive culture focused on employee wellbeing. With a strong emphasis on professional growth, employees are encouraged to develop their skills and advance their careers within a supportive environment, making it an ideal place for those looking to make a meaningful impact in the investment services sector.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Pensions Administrator in Glasgow
✨Tip Number 1
Network like a pro! Reach out to your connections in the pensions industry and let them know you're on the lookout for opportunities. You never know who might have a lead or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its values. Make sure you can articulate how your experience aligns with their needs, especially in areas like DB and DC pension arrangements. Show them you’re not just another candidate!
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or family to get comfortable with common questions. Focus on your ability to communicate clearly and concisely, just like you would with clients and members.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team and contributing to our mission.
We think you need these skills to ace Senior Pensions Administrator in Glasgow
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Senior Pensions Administrator role. Highlight your experience with DB, DC, and CARE pension arrangements, and show us how your skills align with our values and the job requirements.
Showcase Your Attention to Detail:In the pensions world, accuracy is key! Use specific examples in your application that demonstrate your attention to detail and ability to manage complex tasks efficiently. We want to see how you ensure quality in your work.
Communicate Clearly:Your written communication skills are crucial for this role. Make sure your application is clear, concise, and free of errors. This is your chance to show us how well you can communicate, both in writing and verbally.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the info you need about the role and our company culture there!
How to prepare for a job interview at Hymans Robertson
✨Know Your Pensions Inside Out
Make sure you brush up on your knowledge of Defined Benefits (DB), Defined Contribution (DC), and CARE pension arrangements. Familiarise yourself with the latest legislation and industry best practices, as this will show your potential employer that you're serious about the role and understand the complexities involved.
✨Showcase Your Attention to Detail
During the interview, be prepared to discuss specific examples where your attention to detail made a difference in your previous roles. Whether it was catching an error in member records or ensuring compliance with regulations, demonstrating this skill is crucial for a Senior Pensions Administrator.
✨Prepare for Workflow Management Questions
Since you'll be managing workflow and mentoring less experienced colleagues, think about how you've handled similar situations in the past. Be ready to share your strategies for prioritising tasks and delegating effectively, as well as how you’ve contributed to team growth.
✨Practice Clear Communication
Effective communication is key in this role, so practice articulating your thoughts clearly and concisely. You might be asked to explain complex pension concepts or how you would handle client queries, so being able to communicate effectively will set you apart from other candidates.