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- Tasks: Lead a dynamic team in managing DB pension administration and client interactions.
- Company: Join one of the UK's top pension consulting firms focused on culture and career growth.
- Benefits: Enjoy a competitive salary, hybrid work options, and a strong benefits package.
- Why this job: This role offers a chance to solve complex problems and mentor others in a supportive environment.
- Qualifications: 7+ years in Defined Benefit pensions with excellent communication skills required.
- Other info: Opportunity for clear progression and involvement in diverse pension projects.
The predicted salary is between 48000 - 72000 £ per year.
Pension Administration Team Leader
Salary £60,000 DOE
Manchester/Belfast
Hybrid
IDEX Consulting is working with one of the UK's leading pension consulting firms in the search for a Team Leader in their DB pensions administration team.
Looking for candidates who are ambitious and enjoy working with people as well as enjoying solving complex problems and thrive in a challenging environment.
This firm has invested in excellent staff retention rate, clear progression plans and opportunities in different teams, they are focused on culture and making sure everyone is supported with a solid career plan. They are an invested Pension practice in the market and offer a market leading financial & benefits package.
Role responsibilities:
- Experience in managing a team and workloads
- Act as point of contact for scheme members, scheme managers/trustees and other third parties
- Provide mentoring and peer review of less experienced administrators
- Involvement to build a portfolio of clients to which you will manage all the transactions needed for their pension schemes, ensuring they are completed to the highest standards, within the service levels
- Key contact to pension members and your clients
- Answering queries over the phone and via written communication and attending Trustee meetings
- Managing ad-hoc and annual pension projects
- Excellent communication skills both written and oral with the ability to articulate and communicate current and relevant issues to scheme members; pension trustees; and other relevant third parties
- Working pro-actively and using own initiative to complete tasks
- The ability to perform in a fast-moving environment providing excellent service to clients and third parties with a desire to succeed at accomplishing challenging objectives
Desirable:
- Broad pension's technical knowledge, with at least seven years' experience working in a Defined Benefit pension administration environment
- Detailed understanding of defined benefit pensions schemes and UK pensions legislation, regulation and codes of practice
- Systems e.g. Microsoft Office/ Windows applications
- Knowledge of and experience with GMP Reconciliation / Equalisation calculations
- Practical knowledge of the Pension Protection Fund (PPF)
If you are interested then please reach out to Rehana Sadiq at
Team Lead employer: IDEX Consulting Ltd
Contact Detail:
IDEX Consulting Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Team Lead
✨Tip Number 1
Make sure to highlight your leadership experience in pension administration. Talk about specific instances where you've successfully managed a team and improved workflows, as this will resonate with the hiring managers.
✨Tip Number 2
Demonstrate your problem-solving skills by preparing examples of complex issues you've resolved in previous roles. This will show that you thrive in challenging environments, which is a key requirement for this position.
✨Tip Number 3
Familiarize yourself with the latest UK pensions legislation and codes of practice. Being well-versed in these areas will not only boost your confidence but also impress the interviewers with your commitment to staying updated.
✨Tip Number 4
Prepare to discuss your communication strategies. Since the role involves liaising with scheme members and trustees, showcasing your ability to articulate complex information clearly will be crucial during the interview.
We think you need these skills to ace Team Lead
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in managing teams and workloads, as well as your technical knowledge in Defined Benefit pension administration. Use specific examples to demonstrate your problem-solving skills and ability to thrive in challenging environments.
Craft a Strong Cover Letter: In your cover letter, express your ambition and enjoyment of working with people. Mention your experience in mentoring and peer reviewing less experienced administrators, and how you can contribute to the firm's culture and career progression plans.
Highlight Communication Skills: Since excellent communication skills are crucial for this role, provide examples of how you've effectively communicated with scheme members, trustees, and third parties in both written and oral formats. This will show that you can articulate relevant issues clearly.
Showcase Relevant Experience: Detail your experience with pension projects, including any involvement in managing ad-hoc and annual projects. Highlight your understanding of UK pensions legislation and any practical knowledge of the Pension Protection Fund (PPF) to strengthen your application.
How to prepare for a job interview at IDEX Consulting Ltd
✨Show Your Leadership Skills
As a Team Lead, it's crucial to demonstrate your leadership abilities. Share specific examples of how you've successfully managed teams in the past, highlighting your approach to mentoring and supporting less experienced team members.
✨Understand the Technical Aspects
Make sure you have a solid grasp of defined benefit pension schemes and relevant UK legislation. Be prepared to discuss your technical knowledge and experience, especially regarding GMP reconciliation and the Pension Protection Fund.
✨Communicate Effectively
Excellent communication skills are key for this role. Practice articulating complex pension issues clearly and concisely, as you'll need to explain these to scheme members and trustees. Consider preparing a few scenarios where you've successfully resolved queries.
✨Demonstrate Problem-Solving Abilities
The job requires someone who thrives in challenging environments. Prepare to discuss specific challenges you've faced in previous roles and how you approached solving them. This will showcase your ability to think critically and act proactively.
