At a Glance
- Tasks: Support the Administration team with technical pension calculations and compliance tasks.
- Company: Join Tesco, a leading retailer committed to inclusivity and flexible working.
- Benefits: Enjoy competitive salary, annual bonus, generous holiday, and family-friendly leave policies.
- Other info: Dynamic workplace with opportunities for personal growth and development.
- Why this job: Make a real impact in pensions while enjoying a blend of office and remote work.
- Qualifications: Experience in DB Pension Scheme administration and strong communication skills required.
The predicted salary is between 30000 - 40000 £ per year.
At Tesco, we believe in the power of spending more time together, face to face, than apart. So, during your working week, you can expect to spend 60% of your time in one of our office locations or local sites and the rest remotely. We also recognise that life looks a little different for each of us. Some people are at the start of their careers, some want the freedom to do the things they love. Others are going through life-changing moments like becoming a carer, nearing retirement, adapting to parenthood, or something else. That's why at Tesco, we always welcome a conversation about flexible working. So, talk to us throughout your application about how we can support.
You will be responsible for supporting the Administration team in delivering technical administration cases and calculations across a defined Benefit Scheme. You will be responsible for:
- Completing calculations and managing correspondence for members ensuring that they are completed within SLA.
- Completing calculations and managing correspondence for high earners including legislative controls for protection.
- Completing QA checks on colleague communications from a pension technical and legislative perspective.
- Updating and reconciling of worklists to ensure compliance.
- Reviewing transfer cases ensuring compliance with regulations.
- Responding to email correspondence and management of team email inboxes.
- Assisting auditors with any queries they may have during the annual audit.
- Completing and reviewing complex member calculations ensuring all calculation SLA's are maintained.
- Reviewing complaint/Historic pension transfer cases.
- Authorisation of daily payments.
- Supporting all processes to maintain compliance and minimise escalations and complaints.
- Providing support and testing for cyclic projects and key projects.
- Supporting the team in PMI exams.
- Taking the initiative to improve processes and drive efficiency.
You will need:
- Experience within DB Pension Scheme administration.
- Experience either in-house or Third Party.
- Administration experience of technical benefit calculations.
- Up to date knowledge of UK Pensions legislation.
- Prioritisation and time management.
- Communication skills - written and verbal.
- Strong Team work ethic and willingness to help.
- To be highly motivated and keen to learn.
- To be highly numerate and analytical.
- UK Pension Scheme knowledge.
- Microsoft Office knowledge (Excel, Word, Powerpoint, Access).
What's in it for you: We're all about the little helps. That's why we make sure our Tesco colleague benefits package takes care of you both in and out of work. Annual bonus scheme of up to 10% of base salary. Holiday starting at 25 days plus a personal day (plus Bank holidays). 26 weeks maternity and adoption leave (after 1 years service) at full pay, followed by 13 weeks of Statutory Maternity Pay or Statutory Adoption Pay, we also offer 6 weeks fully paid paternity leave. Free 24/7 virtual GP service, Employee Assistance Programme (EAP) for you and your family, free access to a range of experts to support your mental wellbeing.
About us: Our vision at Tesco is to become every customer's favourite way to shop, whether they are at home or out on the move. Our core purpose is 'Serving our customers, communities and planet a little better every day'. Serving means more than a transactional relationship with our customers. It means acting as a responsible and sustainable business for all stakeholders, for the communities we are part of and for the planet. We are proud to have an inclusive culture at Tesco where everyone truly feels able to be themselves. At Tesco, we not only celebrate diversity, but recognise the value and opportunity it brings. We're committed to creating a workplace where differences are valued, and make sure that all colleagues are given the same opportunities. We're a big business with diverse working patterns and many business areas which means that we can find something that works for you. Everyone is welcome at Tesco. We have recently announced that we will be moving towards a more blended working week combining office and remote working. Our offices will continue to be where we connect, collaborate and innovate. Please talk to us about how this can work for you.
NOTE: Should you be successful in your application, your offer will be subject to and conditional upon you providing your bank account details on your agreed start date. We're proud to have been accredited Disability Confident Leader and we're committed to providing a fully inclusive and accessible recruitment process. For further information on the accessibility support we can offer, please visit.
Senior Pensions Administrator employer: RHR UK
At Tesco, we pride ourselves on being an excellent employer that values flexibility and inclusivity, making it a great place for Senior Pensions Administrators to thrive. With a strong focus on employee wellbeing, our benefits package includes an annual bonus scheme, generous holiday allowance, and comprehensive family leave policies, all within a supportive work culture that encourages personal and professional growth. Our commitment to diversity and a blended working model ensures that every colleague feels valued and empowered to contribute meaningfully to our mission of serving customers and communities better every day.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Pensions Administrator
✨Tip Number 1
Network like a pro! Reach out to current or former Tesco employees on LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of UK Pensions legislation. Show us you’re not just a numbers whiz but also understand the legal side of things. It’ll impress the hiring team!
✨Tip Number 3
Don’t forget to highlight your teamwork skills! At Tesco, we value collaboration, so share examples of how you’ve worked well in a team setting during your interviews.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, you can easily keep track of your application status and any updates from us.
We think you need these skills to ace Senior Pensions Administrator
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Senior Pensions Administrator role. Highlight your experience with DB Pension Scheme administration and technical benefit calculations, as this will show us you’re the right fit for the job.
Showcase Your Skills:Don’t forget to emphasise your communication skills and teamwork ethic in your application. We love candidates who can work well with others and are keen to learn, so let us know how you've demonstrated these qualities in your previous roles.
Be Clear and Concise:When writing your application, keep it clear and to the point. Use bullet points where possible to make it easy for us to see your key achievements and skills. Remember, we appreciate straightforward communication!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates about the process. Plus, it’s super easy!
How to prepare for a job interview at RHR UK
✨Know Your Pensions Inside Out
Make sure you brush up on your knowledge of UK pensions legislation and defined benefit schemes. Be prepared to discuss specific calculations and compliance issues, as this will show that you’re not just familiar with the basics but can handle the technical aspects of the role.
✨Showcase Your Communication Skills
Since you'll be managing correspondence and responding to emails, practice articulating your thoughts clearly. Consider preparing examples of how you've effectively communicated complex information in previous roles, especially in a team setting.
✨Demonstrate Your Team Spirit
Tesco values teamwork, so come ready to share experiences where you’ve collaborated successfully with others. Highlight instances where you’ve supported colleagues or contributed to team projects, showing that you’re a team player who’s willing to help.
✨Be Ready to Discuss Process Improvements
Think about times when you’ve taken the initiative to improve processes or drive efficiency in your previous roles. Be prepared to discuss these examples in detail, as Tesco is looking for someone who can contribute to continuous improvement within the administration team.
