At a Glance
- Tasks: Manage SSAS administration, onboarding clients, and maintaining records in a dynamic environment.
- Company: Award-winning wealth management firm with a friendly and vibrant team.
- Benefits: Competitive salary, hybrid work, health cover, and professional development opportunities.
- Other info: Enjoy a supportive culture with excellent career growth and team activities.
- Why this job: Join a growing team and make a real impact on client service.
- Qualifications: Experience in SSAS administration and strong organisational skills.
The predicted salary is between 28000 - 28000 £ per year.
- SSAS Administrator
- North London / Finchley / Hybrid
- £28,000 plus benefits
A multi-office, award winning wealth management firm currently requires an experienced SSAS Administrator to join its friendly and vibrant team, on a hybrid basis, being based in the office in North London 3 days per week.
SSAS Administrator Job Description
A SSAS Administrator is required to carry out the day-to-day administration of the Small Self-administered Schemes managed by the company
This comprises of
Onboarding new SSAS applications, including
- Collating data from new application forms and drafting scheme documentation
- Registering the Scheme Administrator and SSAS with HMRC online
- Setting up the SSAS bank account
- Monitoring the SSAS application and dealing with any arising queries
- Setting up the SSAS with The Pensions Regulator
- Setting up the SSAS with the ICO
- Assisting with the transfer in of a client’s existing pensions
Onboarding SSAS takeovers, including
- Obtaining the existing SSAS records from the outgoing administrator
- Analysing and drawing up a deed of removal, to remove any corporate trustee
- Dealing with any changes required to the Scheme Administrator
- Removing the outgoing administrator from the SSAS bank account
- Reviewing the existing SSAS assets and removing references to the outgoing trustee
- Switching The Pensions Regulator accounts to company
- Dealing with property transfers
General SSAS maintenance, including
- Liaising with SSAS clients
- Maintaining SSAS records on XPlan
- Dealing with information requests, including bank balances
- Transfers out
- Death of a member
- Change of SSAS trustee or sponsoring employer
- Change of addresses
- Setting up/renewing an LEI
- Assisting with VAT returns, for SSASs that are VAT registered
- Updating HMRC online and The Pensions Regulator with changes to SSASs
- Dealing with the establishment of a life policy in a SSAS
- Instructing disinvestments from client investment portfolios
- Assisting clients with the payment of invoices
- Maintaining fund split records
- Assisting with the completion of application forms for new SSAS investments
SSAS Invoicing, including
- Maintaining the invoice spreadsheet
- Requesting monthly invoices
- Checking SSAS bank balances and drawing up payment instructions
- Sending invoices out to clients
- Chasing unpaid invoices
Pension Scheme Returns, including
- Writing to clients to request data for pension scheme returns
- Liaising with accountants to prepare pension scheme accounts
- Analysing bank account transactions
- Collating data on our Scheme Accounts Template
- Submitting the pension scheme return online with HMRC before deadline of 31st January
Member Crystallisations including
- Dealing with client signed paperwork
- Valuing the SSAS
- Liaising with external payroll providers, to deal with income tax payments to HMRC and net income payments to client
- Liaising with Vintage Asset Management to disinvest and send funds back to the SSAS bank account, to cover income
- Dealing with payment instructions for tax free cash and/or income
- Updating internal records
The Pensions Regulator, including
- Completing SSAS returns
- Updating client data when there is a change in the SSAS
- Setting up Direct Debits to pay the annual levy
Bank Account Maintenance, including
- Making changes to signing arrangements
- General bank account maintenance
- Setting up additional (savings) accounts
- Dealing with instructions for withdrawals on notice account
- Drawing up payment instructions and obtaining client signature
Property purchase/transfer, including
- Collating Property purchase questionnaire
- Liaising with Solicitor on all aspect of the transaction
- Checking the VAT position on the transaction and registering the SSAS for VAT if applicable
- What’s on Offer
- Competitive salary package.
- Hybrid working pattern (3 days office-based).
- Supportive and collaborative team environment.
- Ongoing training and professional development opportunities.
- The opportunity to play a key role in delivering outstanding client service within a growing team.
- 4% matched pension contributions.
- Income Protection Cover (terms apply).
- Death-in-Service Cover (terms apply).
- Health Shield Cash Plan.
- Employee Assistance Programmes.
- Cycle to Work Scheme.
- Employee Discounts.
- Company Activities.
- Breakfast/Fruit supplies.
- Discounted Health Tests.
- Optional Influenza vaccination.
- Employee referral programme.
StudySmarter Expert Advice🤫
We think this is how you could land Pension Administrator (SSAS) in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Rayment Recruitment. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Pension Administrator (SSAS) in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Rayment Recruitment.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Rayment Recruitment's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Rayment Recruitment
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Rayment Recruitment.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Rayment Recruitment will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Rayment Recruitment employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
