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- Tasks: Join our team to manage SIPP transfers, payments, and client communications.
- Company: We're a leading financial services firm based in Manchester and Edinburgh.
- Benefits: Enjoy hybrid working options and great corporate perks.
- Why this job: Be part of a dynamic team, enhance your skills, and make a real impact.
- Qualifications: Strong SIPP knowledge, attention to detail, and proficiency in Excel required.
- Other info: Opportunity to work on exciting projects and build relationships with clients.
The predicted salary is between 36000 - 60000 £ per year.
My client is currently looking for two SIPP Administrators to join their team in Manchester or Edinburgh.
THE ROLE:
- Process SIPP transfer out requests
- Process new business applications through to completion
- Complete transfers in and investment applications
- Process PCLS payments for clients in retirement
- Process regular and ad-hoc payments for clients in retirement
- Administer a whole life cycle of a SIPP from transfers to retirements
- Perform necessary technical calculations
- Process investment withdrawals for one-off and regular payments on time for payments to the members
- Process member benefit payroll and use Sage Payroll to calculate tax
- Use HMRC online services to process income tax
- Have timely communication with the advisers and members to notify them of any issues with the member's request
- Ensure all requests are tracked till completion
- Being involved in projects within the administration department
- Other than retirements and payments, at times administer other aspects of SIPP and SSAS workload including SIPPs holding portfolios of properties
- Build relationships with our advisers and clients and deliver exceptional communication and service
- Ensuring full compliance with the Service Level Agreements
- Improve and/or maintain Quality Assurance across all areas of your work
- Embed risk management in all aspects of your work
- Ability to resolve complaints effectively
SKILLS NEEDED:
- Strong SIPP knowledge and experience
- Contribute effectively to our wider business success within the group
- Strong attention to detail and the ability to perform under pressure
- Excellent organisational and multi-tasking skills
- Excellent numerical and customer service skills
- Understand SIPP rules and be able to perform draw-down calculations, bereavement benefit calculations and divorce calculations
- Be able to understand investment transactions including identifying non-standard investments
- Understand pension rules and be able to perform draw-down calculations, bereavement benefit calculations and divorce calculations
- Be able to understand investment transactions including identifying non-standard investments
- Proficient with Microsoft Office, in particular Excel
The company offers good benefits and hybrid working.
For more information please contact Lynn Wilson on 07918211987 or email lynn.wilson@idexconsulting.com
SIPP Administrator employer: IDEX Consulting
Contact Detail:
IDEX Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land SIPP Administrator
✨Tip Number 1
Familiarise yourself with the latest SIPP regulations and compliance requirements. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the pension administration sector, especially those who work with SIPPs. Engaging with industry contacts can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Brush up on your numerical skills and Excel proficiency. Being able to showcase your ability to perform calculations and manage data effectively will set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your experience with customer service and complaint resolution. Highlighting specific examples of how you've successfully managed client relationships will show your potential value to the team.
We think you need these skills to ace SIPP Administrator
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your SIPP knowledge and experience. Include specific examples of your previous work related to SIPP administration, such as processing transfers or handling client communications.
Craft a Strong Cover Letter: Write a cover letter that addresses the key skills mentioned in the job description. Emphasise your attention to detail, organisational skills, and ability to perform under pressure. Mention your familiarity with SIPP rules and calculations.
Showcase Relevant Skills: In your application, clearly demonstrate your proficiency with Microsoft Office, especially Excel. If you have experience with Sage Payroll or HMRC online services, make sure to include that as well.
Highlight Communication Abilities: Since the role involves communication with advisers and clients, provide examples of how you've successfully built relationships and resolved complaints in previous roles. This will show your capability in delivering exceptional service.
How to prepare for a job interview at IDEX Consulting
✨Showcase Your SIPP Knowledge
Make sure to brush up on your SIPP knowledge before the interview. Be prepared to discuss specific regulations, calculations, and processes related to SIPPs, as this will demonstrate your expertise and suitability for the role.
✨Highlight Attention to Detail
Given the nature of the role, it's crucial to emphasise your attention to detail. Share examples from your past experiences where your meticulousness helped avoid errors or improved processes, especially in financial contexts.
✨Demonstrate Organisational Skills
Prepare to discuss how you manage multiple tasks and deadlines effectively. You might want to provide examples of how you've successfully juggled various responsibilities in previous roles, particularly under pressure.
✨Prepare for Technical Questions
Expect technical questions related to SIPP administration, such as draw-down calculations and investment transactions. Practising these scenarios beforehand will help you answer confidently and accurately during the interview.
