At a Glance
- Tasks: Manage pension administration, maintain records, and support team members with complex queries.
- Company: Join a leading pensions administration firm in Chester with a supportive culture.
- Benefits: Full-time role with competitive salary and opportunities for professional growth.
- Why this job: Make a real difference in people's lives by managing their pension needs.
- Qualifications: Experience in pension administration and strong analytical skills required.
- Other info: Collaborative environment with opportunities to coach and develop junior colleagues.
The predicted salary is between 36000 - 60000 £ per year.
Location: Chester, England, United Kingdom
Overview
As an experienced pensions administrator with relevant experience and knowledge of delivering pension administration services, you will provide a high quality pensions administration service assisting members and trustees. You will work on a portfolio of different schemes ranging in size and type, although the team predominantly services Defined Benefit arrangements. Technical knowledge of cradle to grave pensions administration is required and an ability of understanding scheme rules and current legislation is welcomed. You will work on all day‑to‑day activities, as well as supporting other members of the team.
Key Accountabilities and Main Responsibilities
- Accurately maintaining and updating member records.
- Communicating with clients and scheme members on complex queries when required via letter, email and telephone.
- Gain a thorough understanding of the scheme details administered in the team and ensure activities are processed in line with the scheme rules.
- Performing complex pensions calculations, enter pensions data and answer enquiries to the required standard using both automated and non‑automated manual/system processes across a wide range of member or scheme events.
- Processes member events including Retirements, Deaths, Early leavers, Transfers In, Transfers Out and Illustrative quotations.
- Escalating complex technical queries and issues.
- Providing a consistent and efficient service to all internal and external client/members and in line with agreed service levels.
- Working with the Principal Administrator and Team Leader to improve operational efficiencies.
- Managing annual and periodic scheme events.
- Ensure that targets and deadlines are met and that you take responsibility for ad hoc projects ensuring all deadlines are met and quality is of a high standard.
Governance & Risk
- Peer review of complex calculations as required, interpreting the rules of the schemes and other documentation.
- Work with the various teams to sign off benefit specs/control files and associated testing material.
- Work with industry bodies to share and gather best practice principles.
- Lead on any data or GDPR incidents.
Experience & Personal Attributes
- Previous experience of day‑to‑day pension administration and of working on DB, DC and CARE pension arrangements.
- Ability to perform complex pension calculations, and the ability to peer review other calculations to a high standard of accuracy.
- Strong knowledge of defined benefit member calculation processes, scheme knowledge, scheme types and governing legislation issues.
- Ability to work on own and to tight deadlines, maintaining exceptional standards of accuracy and attention to detail.
- Strong analytical and problem‑solving skills.
- The ability to juggle multiple tasks and plan and organise your workload effectively.
- Exceptional communication skills, demonstrated through your ability to be clear and concise in communications with clients, members and colleagues.
- The ability to work well as part of a team and lead by example, including aiding in the coaching and development of junior colleagues across the firm.
- Be positive and professional at all times and build strong relationships with others.
Administrator, IPS - 12 Month Fixed Term Contract Maternity Cover in Liverpool employer: MUFG Pension & Market Services
Contact Detail:
MUFG Pension & Market Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Administrator, IPS - 12 Month Fixed Term Contract Maternity Cover in Liverpool
✨Tip Number 1
Network like a pro! Reach out to your connections in the pensions industry, attend relevant events, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know that can help you land that perfect role.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge of pension schemes. We recommend going through common questions related to Defined Benefit arrangements and being ready to discuss your experience with complex calculations. Show them you’re the expert they need!
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. We suggest mentioning something specific from your conversation to show you were engaged and interested.
✨Tip Number 4
Apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to connect with us directly.
We think you need these skills to ace Administrator, IPS - 12 Month Fixed Term Contract Maternity Cover in Liverpool
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of Administrator, IPS. Highlight your experience in pensions administration and any relevant skills that match the job description. We want to see how your background fits with what we’re looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about pensions administration and how your skills can benefit our team. Keep it concise but engaging – we love a good story!
Show Off Your Attention to Detail: In this role, accuracy is key. Make sure your application is free from typos and errors. We appreciate candidates who take the time to double-check their work, so show us you’ve got that attention to detail!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. Let’s get started on this journey together!
How to prepare for a job interview at MUFG Pension & Market Services
✨Know Your Pensions Inside Out
Make sure you brush up on your knowledge of defined benefit schemes and the specific pension administration processes. Be ready to discuss your experience with cradle to grave pensions administration and any complex calculations you've handled.
✨Communicate Clearly and Confidently
Since the role involves communicating with clients and scheme members, practice articulating complex information in a clear and concise manner. Think about examples where you've successfully resolved queries or explained intricate details to clients.
✨Showcase Your Attention to Detail
Prepare to demonstrate your ability to maintain accuracy in your work. Bring examples of how you've managed member records or performed peer reviews, highlighting your commitment to high standards and operational efficiency.
✨Be Ready to Tackle Problem-Solving Scenarios
Expect questions that assess your analytical skills and problem-solving abilities. Think of situations where you've had to juggle multiple tasks or resolve complex issues, and be prepared to explain your thought process and the outcomes.