At a Glance
- 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 work environment with opportunities for growth and learning.
- 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 employer: Recruit Wealth Limited
Recruit Wealth Limited is an excellent employer, offering a supportive culture that prioritises employee well-being and professional growth. Located in Taunton, the company provides a range of benefits including hybrid working options, 28 days of holiday, and private medical insurance, making it an attractive place for those seeking a rewarding career in financial services.
StudySmarter Expert Advice🤫
We think this is how you could land Pension Administrator
✨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 Recruit Wealth Limited. 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
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 Recruit Wealth Limited.
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 Recruit Wealth Limited'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 Recruit Wealth Limited
✨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 Recruit Wealth Limited.
✨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 Recruit Wealth Limited 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 Recruit Wealth Limited 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.
