At a Glance
- Tasks: Support SIPP transfer processes and ensure timely completion of asset transitions.
- Company: Join a leading City-based Investment Manager with a focus on growth and innovation.
- Benefits: Enjoy a competitive salary, hybrid working, and additional corporate perks.
- Other info: This is a 12-month fixed-term contract with opportunities for professional development.
- Why this job: Gain valuable experience in finance while working in a dynamic team environment.
- Qualifications: Knowledge of SIPP/ISA structures and asset transfer processes is essential.
The predicted salary is between 28000 - 36000 £ per year.
Job Description
Sterling Williams are working alongside a leading, and growing City based Investment Manager who are looking for administrative support in their Transitions Team on a 12 month (1 year) Fixed Term Contract basis with a main focus on SIPP's (Self Invested Pension Plans).
Transfers Administrator (12 month FTC)
Salary circa £35,000 - £40,000 pa plus benefits
City of London based (Hybrid Working 3 days in the office)
The main purpose of this role will be to support the processing of new SIPP transfer instructions and chasing cases with counterparties to ensure transfers complete in a timely manner. Working with the Transitions team to track and report on assets in transfer and ensure adherence to Service Level agreements, liaising with colleagues and third parties to follow up and update on progress.
Responsibilities:
- Check and process transfer requests received from relationship management teams, liaising with third parties regarding settlement and inputting instructions into Pershing NEXUS system
- Communicate with counterparties, fund managers and custodians to manage the smooth and timely transition of client assets (to and from)
- Efficient tracking and reporting of assets in transfer using the Transfer Tracker system, providing clear and relevant updates to enable the client to monitor progress of the transfer
- Monitor reports and systems to check for receipt of funds and assets.
- Chasing and validating SIPP transfer information from third parties.
- Process payments to clients and third parties in relation to transfers out.
- Management of Transitions mailbox, post and telephone queries
- Maintain relationships with third party administrators, Fund Managers and custodian
The successful candidate will have:
- Knowledge of tax wrapper structures including ISA, SIPP, Offshore Bond
- Knowledge of Pershing NEXUS system is an advantage
- Strong knowledge of asset transfer process including unit trust, CREST, foreign, certificated and cash movements
- Knowledge of Electronic reregistration and Origo and Altus is an advantage
- 1 year SIPP transfers /Administration experience
- Studying towards the IOC certificate or already qualified would be advantageous
- Accuracy, thoroughness and attention to detail
- Organisation and prioritisation skills to manage own workload to meet deadlines
- Good communication skills (oral and written) in order to deal with queries received via telephone, email and face to face, and to ensure responses and updates are both clear and relevant
Transfers/Transitions Administrator (SIPP / ISA) in London employer: Sterling Williams LTD
At Sterling Williams, we pride ourselves on being an exceptional employer, offering a dynamic work environment in the heart of the City of London. Our hybrid working model promotes a healthy work-life balance, while our commitment to employee development ensures that you have ample opportunities for growth and advancement within the investment management sector. Join us and be part of a supportive team that values collaboration, innovation, and excellence in service delivery.
StudySmarter Expert Advice🤫
We think this is how you could land Transfers/Transitions Administrator (SIPP / ISA) in London
✨Tip Number 1
Familiarise yourself with the SIPP and ISA structures, as well as the asset transfer process. Understanding these concepts will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the investment management sector, especially those who work with SIPP transfers. Engaging in conversations can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Research the Pershing NEXUS system and any other relevant software mentioned in the job description. Familiarity with these tools can set you apart from other candidates and show your readiness for the role.
✨Tip Number 4
Prepare to discuss your organisational skills and how you manage workloads under tight deadlines. Providing specific examples of past experiences can illustrate your capability to handle the responsibilities of this position.
We think you need these skills to ace Transfers/Transitions Administrator (SIPP / ISA) in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights relevant experience in SIPP transfers and administration. Include specific examples of your previous roles that demonstrate your knowledge of tax wrapper structures and asset transfer processes.
Craft a Strong Cover Letter:Write a cover letter that directly addresses the responsibilities outlined in the job description. Emphasise your communication skills and ability to manage relationships with third parties, as well as your attention to detail and organisational skills.
Showcase Relevant Qualifications:If you are studying towards or have completed the IOC certificate, make sure to mention this prominently in your application. Highlight any other relevant qualifications or training that align with the role.
Proofread Your Application:Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at Sterling Williams LTD
✨Know Your SIPP and ISA Basics
Make sure you brush up on your knowledge of Self Invested Pension Plans (SIPPs) and Individual Savings Accounts (ISAs). Understanding the key features, benefits, and regulations surrounding these tax wrappers will show your potential employer that you're serious about the role.
✨Familiarise Yourself with Pershing NEXUS
If you have experience with the Pershing NEXUS system, be prepared to discuss it. If not, do some research on how it works and its relevance in processing transfer requests. Showing initiative in learning about the tools used in the role can set you apart.
✨Demonstrate Strong Communication Skills
Since the role involves liaising with various stakeholders, practice articulating your thoughts clearly and concisely. Prepare examples of how you've effectively communicated in previous roles, especially in managing queries or updates.
✨Highlight Your Attention to Detail
Given the importance of accuracy in processing transfers, be ready to discuss how you ensure thoroughness in your work. Share specific instances where your attention to detail made a difference in your previous roles.
