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For Companies At a Glance
- Tasks: Calculate pensions benefits and ensure compliance with regulations while communicating with members.
- Company: Join a leading firm in pensions administration with a supportive team.
- Benefits: Enjoy competitive pay, flexible hours, and opportunities for professional growth.
- Why this job: Make a difference in people's lives by managing their pension benefits effectively.
- Qualifications: Attention to detail and strong communication skills are essential.
- Other info: Dynamic work environment with a focus on continuous learning and development.
The predicted salary is between 36000 - 60000 £ per year.
What will you be doing?
- Benefit calculations, either by a manual calculation, using a proforma and by using the relevant pension's administration system calculation routine.
- Working through relevant checklists for each individual case and following procedures.
- Understanding that appropriate authorisation is required before releasing information.
- Preparing bulk mailings of annual newsletters, pension increases etc.
- Communicating with members and other third parties.
- Gaining and applying knowledge of clients through day to day work, speaking with colleagues and partners and referring to the scheme's administration guide and specific notes.
- Being aware of what is scheme specific and not necessarily applicable for all schemes.
- Ensuring compliance with LCP procedures when completing cases.
- Keeping up to date with changes in legislation.
- Understanding preservation, statutory increases, contracting-out (including GMPs) and the current pensions tax regime.
- Drafting non-standard letters where required.
- Recognising non-standard cases (e.g. part-timers).
- Showing awareness of the General Data Protection Regulations and applying these at all times.
Pensions Administration Specialist employer: Lane Clark & Peacock
Contact Detail:
Lane Clark & Peacock Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pensions Administration Specialist
✨Tip Number 1
Network like a pro! Reach out to your connections in the pensions industry and let them know you're on the hunt for a Pensions Administration Specialist role. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Brush up on your knowledge of pensions legislation and compliance. Being well-versed in topics like statutory increases and the current pensions tax regime will not only boost your confidence but also impress potential employers during interviews.
✨Tip Number 3
Practice your communication skills! As a Pensions Administration Specialist, you'll be dealing with members and third parties regularly. Mock interviews with friends or family can help you articulate your thoughts clearly and professionally.
✨Tip Number 4
Don't forget to apply through our website! We’ve got loads of resources to help you land that dream job, and applying directly can sometimes give you an edge over other candidates. Plus, it shows you're keen on joining our team!
We think you need these skills to ace Pensions Administration Specialist
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Pensions Administration Specialist role. Highlight your experience with benefit calculations and any relevant systems you've used, as this will show us you're a great fit for the job.
Showcase Your Attention to Detail: Since the role involves working through checklists and ensuring compliance with procedures, it's crucial to demonstrate your attention to detail. Use examples from your past work where you’ve successfully followed processes or caught errors before they became issues.
Communicate Clearly: Effective communication is key in this role, so make sure your application reflects that. Use clear and concise language, and if you have experience drafting letters or communicating with clients, be sure to mention it!
Stay Updated on Legislation: Show us that you’re proactive by mentioning any recent changes in pensions legislation that you’re aware of. This not only demonstrates your knowledge but also your commitment to staying informed in the field.
How to prepare for a job interview at Lane Clark & Peacock
✨Know Your Pensions Inside Out
Make sure you brush up on your knowledge of pensions administration, especially around benefit calculations and the relevant legislation. Familiarise yourself with terms like GMPs and statutory increases, as these are likely to come up during the interview.
✨Showcase Your Attention to Detail
Since the role involves working through checklists and ensuring compliance with procedures, be prepared to discuss examples from your past where your attention to detail made a difference. Highlight any experience you have with manual calculations or using pension administration systems.
✨Communicate Clearly and Confidently
You'll need to communicate with members and third parties, so practice articulating your thoughts clearly. Consider preparing a few scenarios where you've successfully communicated complex information in an easy-to-understand way.
✨Demonstrate Your Understanding of Data Protection
With the importance of GDPR in mind, be ready to discuss how you ensure compliance in your work. Share any experiences where you had to handle sensitive information and how you maintained confidentiality and data protection standards.
