At a Glance
- Tasks: Manage complex pensions calculations and mentor junior colleagues in a dynamic team environment.
- Company: Join WTW, a leading pension administration business with a diverse portfolio of global clients.
- Benefits: Enjoy hybrid working options, continuous development opportunities, and a supportive team culture.
- Why this job: Make a real impact in the pensions industry while developing your skills and career.
- Qualifications: Experience in pension administration and knowledge of legislation is essential; coaching skills are a plus.
- Other info: We value diversity and inclusivity, ensuring everyone feels welcome and empowered.
The predicted salary is between 36000 - 60000 £ per year.
Overview
We are hiring for a Senior Pensions Administrator who would be based in one of our offices in Redhill, Leeds or Welwyn. As a Senior Pensions Administrator, you will be making a difference within our leading pension administration business. You will work within a team to provide a high quality service to our impressive portfolio of clients that include prestigious and market leading global companies. In the role of Senior Pensions Administrator, you will take on advanced calculations and administration of complex schemes (DB and/or DC) and play an active role in mentoring and checking the work of junior team colleagues.
The role is an exciting opportunity to build on your previous experience and knowledge. You will have the opportunity to further your career by learning new skills and engaging in continuous development via formal training, on the job learning and professional qualifications.
You will work on a variety of different clients, with pension arrangements ranging from straightforward to complex, with populations covering hundreds of members to hundreds of thousands. This gives you the opportunity to work, within one organisation, on clients that offer exposure to every aspect of pensions administration, utilising bulk processing routines, automated calculations or your manual calculation skills, and the potential for involvement with a huge variety of different projects, often at the forefront of the industry.
At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a \’hybrid\’ style, with a mix of remote and in-office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and \’hybrid\’ is not a one-size-fits-all solution.
Responsibilities
- Accurately process and manage complex pension calculations and queries across a variety of pension processes and case types, such as Retirements, Transfers and Deaths. Cases and processes should be completed to a high standard with accurate and well-worded correspondence in a timely manner.
- Checks and monitors work completed by junior colleagues, providing feedback and guidance to colleagues as required to ensure work is right first time and output targets across the team.
- Acts as a point of escalation for the team for technical issues, non-standard cases, and member complaints.
- Utilises previous knowledge and experience in pension legislation/regulations as well as WTW guidance and procedures to ensure day-to-day work on an individual and team basis is of a high quality.
- Supports the Team Leader in ensuring that all service level agreements and performance standards are achieved on a day-to-day basis and takes responsibility for coordinating team workload and some management or client responsibilities delegated by the Team Leader.
- Coaches, supports, and mentors junior colleagues, providing feedback and supporting the wider development and knowledge of the team.
- Continuously seeks to identify areas where the service to clients/members could be improved and takes forward process improvements as required.
- Assists in complex and project-based work as and when required.
Qualifications
- Previous experience working in an occupational pension administration team (DB and/or DC experience is essential), carrying out administration processes including but not limited to Retirements, Transfers and Deaths.
- Experience and knowledge of Pensions Legislation and Regulations and applying these within an administration team in response to changes or new legislation.
- Experience and knowledge of the DB manual calculations required for a variety of administration processes.
- High level attention to detail and skilled in following and applying procedural documentation and checking the work of other colleagues.
- Ability to carry out and manage high volumes of work while maintaining a high level of accuracy.
- Excellent organisational and time management skills and being able to manage own workload, wider teamwork load and multiple client member queries at the same time, whilst maintaining a high-quality service.
- Excellent interpersonal skills to include good written and verbal communication and use of Microsoft Excel and Word.
- Experience of coaching and supporting less experienced colleagues.
- Experience of working in a hybrid/multi-site team would be an advantage.
At WTW, we believe difference makes us stronger. We want our workforce to reflect the different and varied markets we operate in and to build a culture of inclusivity that makes colleagues feel welcome, valued and empowered to bring their whole selves to work every day. We are an equal opportunity employer committed to fostering an inclusive work environment throughout our organisation. We embrace all types of diversity.
We’re committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers, from the application process through to joining WTW, please email candidate.helpdesk@willistowerswatson.com.
Equal Opportunity Employer
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Senior Pensions Administrator employer: Willis Towers Watson
Contact Detail:
Willis Towers Watson Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Pensions Administrator
✨Tip Number 1
Familiarise yourself with the latest pension legislation and regulations. Being well-versed in these areas will not only boost your confidence during interviews but also demonstrate your commitment to staying updated in a constantly evolving field.
✨Tip Number 2
Network with current or former employees of WTW or similar companies. Engaging with professionals in the industry can provide you with valuable insights about the company culture and expectations, which can be beneficial during your interview.
✨Tip Number 3
Prepare to discuss specific examples from your past experience where you've successfully managed complex pension cases. Highlighting your problem-solving skills and attention to detail will show that you're capable of handling the responsibilities of a Senior Pensions Administrator.
✨Tip Number 4
Demonstrate your mentoring abilities by preparing to share how you've supported junior colleagues in the past. This will showcase your leadership skills and your readiness to take on a role that involves coaching and guiding others.
We think you need these skills to ace Senior Pensions Administrator
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in pension administration, particularly with DB and DC schemes. Emphasise your skills in managing complex calculations and your ability to mentor junior colleagues.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific examples of how your previous experience aligns with the responsibilities outlined in the job description, such as handling retirements and transfers.
Showcase Your Attention to Detail: Since the role requires high attention to detail, provide examples in your application that demonstrate your ability to maintain accuracy while managing high volumes of work. This could include specific projects or tasks where you ensured quality.
Highlight Interpersonal Skills: Given the importance of communication in this role, make sure to mention your interpersonal skills. Provide examples of how you've effectively communicated with team members or clients, especially in resolving queries or complaints.
How to prepare for a job interview at Willis Towers Watson
✨Showcase Your Pensions Knowledge
Make sure to brush up on your knowledge of pensions legislation and regulations. Be prepared to discuss how you've applied this knowledge in previous roles, especially in relation to DB and DC schemes.
✨Demonstrate Attention to Detail
As a Senior Pensions Administrator, accuracy is key. During the interview, highlight examples where your attention to detail has made a significant impact on your work or team outcomes.
✨Prepare for Technical Questions
Expect technical questions related to complex pensions calculations and processes. Review common scenarios such as retirements, transfers, and deaths, and be ready to explain how you would handle them.
✨Emphasise Your Mentoring Experience
Since mentoring junior colleagues is a part of the role, share specific examples of how you've coached or supported less experienced team members in the past. This will demonstrate your leadership potential.