At a Glance
- Tasks: Manage and maintain pension schemes, ensuring top-notch service for members.
- Company: Award-winning company with a focus on personal and professional development.
- Benefits: Full-time role with opportunities for growth and skill enhancement.
- Other info: Fast-paced environment with diverse challenges and client engagement.
- Why this job: Join a dynamic team and make a real difference in people's financial futures.
- Qualifications: 3+ years in Defined Benefit pension administration and strong communication skills.
The predicted salary is between 24750 - 30250 £ per year.
You will enjoy working in a challenging environment in which you can develop both personally and professionally in an award-winning company. You will be a conscientious individual with exceptional attention to detail. You will have the ability to build strong relationships internally and externally and work to demanding deadlines and targets.
As Pensions Administrator, you will manage and maintain the administration aspects of defined benefit and defined contribution pension schemes on behalf of the scheme trustees. Acting as point of contact for scheme members, scheme managers/trustees and other third parties, you will provide mentoring and peer review of less experienced administrators. Our team carry out all types of exercises from winding up schemes and calculating members’ pension benefits to carrying out forensic research for schemes where we have been appointed by The Pensions Regulator, all the while providing an excellent service to the members of our Schemes. This variation makes Spence an exciting opportunity for anyone interested in a career in pensions.
You will build a portfolio of clients to which you will manage all the transactions needed for their pension schemes, ensuring they are completed to the highest standards, within the service levels. You will become the key contact to pension members answering queries over the phone and via written communication. You will become effective at providing clear and accurate information to members and beneficiaries.
Key Responsibilities
Key Criteria
- Broad pension's technical knowledge, with at least three years’ experience working in a Defined Benefit pension administration environment and with a detailed understanding of defined benefit pensions schemes and UK pensions legislation, regulation and codes of practice.
- Knowledge of computerised systems e.g. Microsoft Office/ Windows applications.
- Excellent communication skills both written and oral with the ability to articulate and communicate current and relevant issues to scheme members; pension trustees; and other relevant third parties.
- Experience of working proactively and using own initiative to complete tasks.
- The ability to perform in a fast-moving environment providing excellent service to clients and third parties with a desire to succeed at accomplishing challenging objectives.
Desirable Criteria
- Knowledge of and experience with GMP Reconciliation / Equalisation calculations.
- Knowledge of The Pensions Regulator (TPR) guidance.
Behavioural Competencies for the role
- Inspiring Leadership
- Strategic Thinking
- Impacting & Influencing
- Client Engagement
- Collaborative Working
- Problem Solving
- Planned Approach
- Professional Approach
Pensions Administrator employer: Spence
At Spence, we pride ourselves on being an award-winning employer that fosters a supportive and dynamic work culture in Belfast. As a Pensions Administrator, you will benefit from extensive professional development opportunities while working alongside a team dedicated to delivering exceptional service to our clients. Our commitment to employee growth, coupled with the diverse and challenging nature of pension administration, makes this an ideal environment for those seeking a meaningful and rewarding career.
