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 focus on inclusivity.
- Benefits: Enjoy hybrid working, continuous development, and a supportive team culture.
- Other info: Flexible working arrangements tailored to your needs and a commitment to diversity.
- Why this job: Make a real impact while advancing your career in the pensions industry.
- Qualifications: Experience in pension administration and strong attention to detail required.
The predicted salary is between 36000 - 60000 £ per year.
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.
The Role
- Accurately processes and manages complex pensions calculations and queries across a variety of different pension processes and case types such as Retirements, Transfers, Deaths.
- 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.
The Requirements
- 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.
Senior Pensions Administrator employer: Willis Towers Watson
Willis Towers Watson is an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation within the insurance sector. Employees benefit from comprehensive growth opportunities, competitive compensation, and a supportive environment that values professional development, all while being part of a leading global firm located in the heart of the UK. Join us to make a meaningful impact in the industry and build lasting relationships with key partners.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Pensions Administrator
✨Tip Number 1
Network like a pro! Reach out to your connections in the pensions industry and let them know you're on the lookout for a Senior Pensions Administrator role. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of pensions legislation and regulations. Be ready to discuss how you've applied this in your previous roles, especially when it comes to complex calculations and administration processes.
✨Tip Number 3
Show off your mentoring skills! Highlight any experience you have in coaching junior colleagues during interviews. Employers love to see candidates who can lead and support their teams, especially in a hybrid work environment.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re all about making the process as smooth as possible for you, so take advantage of that!
We think you need these skills to ace Senior Pensions Administrator
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Pensions Administrator role. Highlight your experience with DB and DC schemes, and any mentoring you've done. We want to see how your skills match what we're looking for!
Showcase Your Skills:In your cover letter, showcase your attention to detail and organisational skills. Mention specific examples of how you've managed complex pension cases or improved processes in your previous roles. This will help us see your potential!
Be Clear and Concise:When writing your application, be clear and concise. Use straightforward language and avoid jargon unless it's relevant. We appreciate a well-structured application that gets straight to the point!
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Willis Towers Watson
✨Know Your Pensions Inside Out
Make sure you brush up on your knowledge of both DB and DC schemes. Be prepared to discuss specific cases you've handled, especially complex calculations or unique situations. This will show that you not only understand the theory but also have practical experience.
✨Showcase Your Mentoring Skills
Since the role involves mentoring junior colleagues, think of examples where you've successfully coached someone or improved a team's performance. Highlight your ability to provide constructive feedback and support, as this is key for the Senior Pensions Administrator position.
✨Demonstrate Attention to Detail
In pensions administration, accuracy is crucial. Prepare to discuss how you ensure high-quality work, perhaps by sharing your methods for checking calculations or managing workloads. This will reassure them that you can maintain standards even under pressure.
✨Be Ready for Hybrid Work Discussions
With the role being hybrid, be prepared to talk about your experience in remote and in-office settings. Share how you manage communication and collaboration in a flexible work environment, as this will show you're adaptable and ready for their working style.