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- Tasks: Join our SIPP administration team and manage pension requests with precision.
- Company: Award-winning pension provider focused on client satisfaction and innovation.
- Benefits: Attractive salary, comprehensive benefits, and flexible hybrid working options.
- Other info: Dynamic role with opportunities for growth in a supportive environment.
- Why this job: Make a real difference in clients' financial futures while developing your skills.
- Qualifications: Strong knowledge of pensions, attention to detail, and excellent communication skills.
The predicted salary is between 25000 - 28000 £ per year.
Our client, a notable industry pension provider, collaborates with regulated financial advisers offering a range of personal pensions for UK and non‑UK residents. They offer advanced pension products, which have won various industry awards to date, with an unwavering focus on client satisfaction. With a clear focus on financial services technology and innovation, backed by a strong set of values, their pension solutions ensure robust and continued performance year on year. Due to expanding headcount, the SIPP Administrating team is seeking to recruit additional team members to continue supporting client and financial adviser needs.
Main Purpose Of The Role
As a dedicated member of the SIPP administration team you will undertake day‑to‑day administration work processing requests. You will support client and adviser needs with the highest professional standards. This role involves dealing with various internal teams and departments but importantly with external entities such as financial advisers, lenders and solicitors on a regular basis.
Main Responsibilities
- 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 retirements
- Administer a whole life cycle of a SIPP from transfers to retirements
- Process investment withdrawals for one‑off and regular payments on time for 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
- 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
- Ensuring full compliance with Service Level Agreements
- Embed risk management in all aspects of your work
- Ability to resolve complaints effectively
Knowledge, Skills, And Experience Required
- Strong SIPP/Pension knowledge
- Strong attention to detail and the ability to perform under pressure
- Confident with the ability to ask questions
- Excellent organisational and multi‑tasking skills
- Proficient with Microsoft Office, in particular Excel
- Positive written and verbal communication
- Excellent numerical and customer service skills
- Understand SIPP rules and be able to perform drawdown calculations, bereavement benefit calculations and divorce calculations
- Be able to understand investment transactions, including identifying non‑standard investments
- Aptitude to learn and adapt new skills, processes, systems and tasks
An Attractive Salary Alongside Comprehensive Benefits Are All Available. Office/home working is fully supported.
Location: Edinburgh, Midlothian - Hybrid/Flex Working
Salary: £25,000 - £28,000 per year
Pension Administrator in Edinburgh employer: Recruit Wealth Limited
Contact Detail:
Recruit Wealth Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pension Administrator in Edinburgh
✨Tip Number 1
Network like a pro! Reach out to your connections in the financial services sector, especially those who know about pensions. A friendly chat can lead to insider info on job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by practising common questions related to SIPP administration. We recommend role-playing with a friend or using online resources to get comfortable discussing your skills and experiences.
✨Tip Number 3
Showcase your knowledge! When you get the chance to meet potential employers, be ready to discuss recent trends in pension management and how you can contribute to their team. It’ll show you’re genuinely interested and informed.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities waiting for you, and applying directly can sometimes give you an edge over other candidates. Plus, it’s super easy!
We think you need these skills to ace Pension Administrator in Edinburgh
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Pension Administrator role. Highlight your SIPP knowledge and any relevant experience in financial services. We want to see how your skills match 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 and how you can contribute to our team. Keep it professional but let your personality come through.
Showcase Your Attention to Detail: In this role, attention to detail is key. When filling out your application, double-check for any typos or errors. We appreciate candidates who take the time to ensure everything is spot on!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the easiest way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen to join our team!
How to prepare for a job interview at Recruit Wealth Limited
✨Know Your SIPP Inside Out
Make sure you brush up on your SIPP and pension knowledge before the interview. Understand the key processes like transfers, payments, and calculations. Being able to discuss these confidently will show that you're serious about the role.
✨Showcase Your Attention to Detail
Since this role requires a strong attention to detail, prepare examples from your past experiences where you've demonstrated this skill. Whether it’s through managing complex data or ensuring compliance, having specific instances ready will impress the interviewers.
✨Practice Your Communication Skills
You'll be dealing with clients and advisers regularly, so practice articulating your thoughts clearly. Consider doing mock interviews with friends or family to refine your verbal communication and ensure you can explain complex concepts simply.
✨Demonstrate Your Problem-Solving Ability
Prepare to discuss how you've effectively resolved complaints or issues in previous roles. Think of specific challenges you faced and how you navigated them. This will highlight your ability to handle pressure and maintain professionalism.