At a Glance
- Tasks: Administer pension payroll activities, process records, and handle member enquiries.
- Company: Join a growing operations team focused on delivering high-quality payroll services for pension scheme members.
- Benefits: Enjoy flexible hybrid working and career development opportunities within a specialist pensions function.
- Other info: Experience with Bulk Purchase Annuities or Pension Risk Transfer environments is desirable.
- Why this job: This role offers exposure to pension payroll operations and process improvement initiatives.
- Qualifications: Essential experience in defined benefit pension administration and strong understanding of payroll processes required.
The predicted salary is between 30000 - 40000 £ per year.
The Opportunity
We are looking for a Pension Payroll Administrator to join a growing operations team, supporting the delivery of high quality payroll services for pension scheme members and policyholders. This is an excellent opportunity for someone with defined benefit pension and payroll administration experience who enjoys working in a detail focused environment and is passionate about delivering outstanding customer outcomes.
Key Responsibilities
- Administer pension payroll activities in line with scheme rules, legislation and internal controls.
- Process new pensioner payroll records, amendments, cessations and one-off payments.
- Calculate and apply pension increases, tax deductions, arrears and recoveries.
- Complete payroll reconciliations, validations and control checks to ensure accurate and timely payments.
- Maintain member and payroll records, resolving discrepancies and exceptions.
- Handle enquiries from members, trustees and third parties, providing clear and accurate communications.
- Support payroll implementations, scheme onboarding activities and key life cycle events.
- Assist with data validation, quality assurance and operational reporting.
- Ensure compliance with pension legislation, PAYE regulations and governance requirements.
- Contribute to process improvements and operational efficiency initiatives.
About You
Essential
- Experience in defined benefit pension administration and/or pension payroll administration.
- Strong understanding of payroll processes, controls and reconciliations.
- Knowledge of PAYE, payroll legislation and HMRC requirements.
- Excellent attention to detail and numerical accuracy.
- Experience using pension administration and payroll systems.
- Strong organisational skills with the ability to manage multiple priorities.
- Proficient in Microsoft Excel and the wider Microsoft Office suite.
Desirable
- Experience within Bulk Purchase Annuities (BPA) or Pension Risk Transfer environments.
- Knowledge of FCA regulatory requirements and governance frameworks.
- Experience supporting payroll implementations, transitions or change projects.
What's on Offer
- Flexible hybrid working.
- Opportunity to join a growing and evolving pensions business.
- Exposure to pension payroll operations, governance and process improvement initiatives.
- Supportive and collaborative team environment.
- Career development opportunities within a specialist pensions function.
Pensions Payroll Admin in London employer: The Actuary
This evolving pensions business offers a supportive team environment and flexible hybrid working. Employees can expect career development opportunities while contributing to governance and process improvements in pension payroll operations.
