At a Glance
- Tasks: Assist in pensions administration, benefit calculations, and client communication.
- Company: Join LCP, a fun and collaborative award-winning organisation.
- Benefits: Enjoy hybrid working, professional study support, and a comprehensive wellbeing package.
- Other info: Inclusive workplace with opportunities for personal and professional growth.
- Why this job: Gain valuable experience in pensions while developing your skills in a supportive environment.
- Qualifications: A-levels or degree, with a passion for learning and attention to detail.
The predicted salary is between 40500 - 49500 £ per year.
At LCP we love what we do, and it shows. We help our clients make good decisions based on insightful analysis, industry expertise, and game-changing technology. We have exciting opportunities to further your career development in pensions administration in our Winchester office.
By joining our pensions administration department you will be part of a team of committed professionals that gives their clients the best possible service. Each day is spent working on a number of clients leading to variety in the work that you will do. As you develop you will take on more responsibility for the clients that you work on which will give you a real sense of client ownership and individual growth as you learn more about pensions in general, fully supported with a comprehensive training programme and professional qualifications support.
What will you be doing?
- Benefit calculations, either by a manual calculation, using a proforma and by using the relevant pensions 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.
What skills, experience, and qualities do you need for this role?
- Educated to 'A' level, degree level or equivalent.
- Experience with administering DB (defined benefit) pension schemes.
- Working towards/undertaking the relevant training courses and subsequent exams in order to gain the Award in Pensions Essentials (APE) and the Certificate in Pensions Calculations (CPC).
- Excellent organisational and attention to detail skills.
- The ability to work on your own and also as part of a larger team.
- A high standard of professionalism at all times.
- Flexibility of hours worked/duties undertaken.
- Committed and keen to learn.
What's in it for you?
As well as joining a multi-award winning, fun, collaborative, people first organisation where your personal and professional skills will be developed to make you the best you can be, we offer an attractive benefits package designed to promote your overall wellbeing so that you are able to perform to your full potential both in and out of work. Currently our core benefits package includes:
- Hybrid working (varies by role and department).
- Professional study support (where applicable).
- Access to our internal Wellbeing, LGBTQ+, Multicultural and Women's networks.
- Life assurance, income protection, enhanced maternity/paternity/adoption and shared parental leave.
- 26 days annual leave (pro-rata for part-time working) plus bank holidays (most of which can be taken flexibly!) with options to buy & sell holiday.
- Private medical insurance.
- Discounted gym memberships, critical illness and dental insurance through our flexible benefits.
- Eye care vouchers.
- Cycle to work scheme.
- Digital GP services.
- Competitive pension scheme.
- Discretionary bonus scheme.
- High street discounts.
- Season ticket loans.
- Volunteering opportunities.
- Electric vehicle salary sacrifice scheme (qualifying period applies).
We continuously strive to build an inclusive workplace where all forms of diversity are valued, including age, background, disability, gender, gender identity, gender expression, race, religion or sexual orientation. LCP is committed to making our opportunities accessible to all and would welcome you getting in touch to let us know if an adjustment can be made to help with your application.
Assistant Pensions Administrator in Winchester employer: LCP
LCP is an exceptional employer, offering a vibrant and inclusive work culture in Edinburgh that prioritises employee wellbeing and professional growth. With a strong focus on collaboration and innovation, our Pensions Data Services team provides meaningful opportunities to engage in high-profile projects while enjoying a comprehensive benefits package, including hybrid working, professional study support, and extensive health and wellness initiatives.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Pensions Administrator in Winchester
✨Tip Number 1: Tap Into Professional Networks
The finance world loves a good connection, so jump into industry-specific groups on platforms like LinkedIn where you can find discussions on financial controlling. Engaging in these communities can expose you to hidden job leads that aren't openly advertised!
✨Tip Number 2: Attend Finance Events and Conferences
Make it a mission to attend finance-related events and conferences, even virtual ones! This is a golden opportunity to network face-to-face with people from companies like LCP. You never know who might be your next boss or a crucial contact!
✨Tip Number 3: Showcase Your Expertise
Consider writing articles or sharing insights related to financial controlling or industry trends. Publish these on platforms like LinkedIn to establish yourself as a knowledgeable player in the field. This not only increases your visibility but also catches the attention of recruiters from LCP.
✨Tip Number 4: Apply Directly on Company Websites
Since you're going for a full-time gig, don't forget to keep an eye on the careers page of companies you're interested in, like LCP. Many companies prefer candidates who apply through their website as it shows genuine interest and makes your application stand out!
We think you need these skills to ace Assistant Pensions Administrator in Winchester
Some tips for your application 🫡
Show Off Your Numbers Game:In financial controlling, detail is everything! Make sure your CV showcases your proficiency with numbers—highlight any relevant experience in budgeting, forecasting, or working with financial software. Quantifying your past achievements will make you stand out, so don’t be shy about flaunting those impressive percentages or cost savings you've implemented.
Tailored Cover Letter is Key:Your cover letter is a chance to shine, especially for a full-time role. Use it to express your genuine interest in LCP and the specific impact you hope to make in financial controlling. Mention any relevant qualifications or experiences that align with the company’s goals, and don’t forget to show that you're ready for a long-term commitment!
Certifications Matter:List relevant certifications such as ACCA or CIMA on your CV. These qualifications not only showcase your dedication to the field but also your technical competence in financial principles. If you have any ongoing training or courses, make sure to mention those as well to demonstrate your commitment to continual learning in financial controlling.
Don’t Overlook Soft Skills:While numbers are crucial, so are those soft skills! Financial controllers need strong communication and analytical reasoning abilities. We recommend embedding examples of these skills in your CV and cover letter, like how you’ve successfully delivered financial reports to stakeholders or collaborated with teams to improve processes. Let’s show LCP how you can be a team player!
How to prepare for a job interview at LCP
✨Brush Up on Technical Skills
Make sure you're comfortable with key financial concepts, especially around forecasting, budgeting, and variance analysis. Sometimes, interviewers may throw in technical questions or case studies, so practicing these types of scenarios will help you shine!
✨Showcase Your Financial Acumen
If you've had experience with specific financial software like SAP or Oracle, make it known! Be ready to discuss how you used these tools to improve processes or reporting, as this hands-on knowledge can really set you apart in a full-time role with LCP.
✨Know Your Numbers
In full-time interviews, especially in financial controlling, be prepared for numerical reasoning tests or questions. Brush up on your mental maths and understand how to interpret and analyse financial statements on the spot, as this may come up during the assessment.
✨Connect with Company Goals
Familiarise yourself with LCP's financial objectives and any recent developments. During the interview, try to weave your understanding of their business model and challenges into your answers—this shows your genuine interest and alignment with their goals!