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, flexibility, and a supportive team culture.
- Other info: We value diversity and inclusivity, ensuring everyone feels welcome and empowered.
- 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.
The predicted salary is between 36000 - 60000 £ per year.
Description
Join us as a Senior Pensions Administrator within our Outsourcing line of business based out of our offices in Welwyn working hybrid.
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. This gives you the opportunity to work 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.
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. Cases and processes are completed to a high standard proving accurate and well worded correspondence
- 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
What you'll bring
- Previous experience working in an occupational pension administration team(DB 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.
What we offer
Enjoy a benefits package designed to help you thrive, both professionally and personally. You'll receive 25 days of annual leave plus an extra WTW day to relax and recharge. Our comprehensive health and wellbeing offering includes private healthcare, life insurance, group income protection, and regular health assessments, all giving you peace of mind. Secure your future with our defined contribution pension scheme, featuring matched contributions up to 10% from the company.
We support your growth and balance with hybrid working options, access to an employee assistance programme, and a fully paid volunteer day to make a difference in your community. On top of these, you can opt into a variety of additional perks including an electric vehicle car scheme, share scheme, cycle-to-work programme, dental and optical cover, critical illness protection, and much more. Start making the most of your career and wellbeing with a range of benefits tailored for you.
Equal Opportunity Employer
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 candidatehelpdesk@wtwco.com
Senior Pensions Administrator in Welwyn Garden City employer: Willis Towers Watson
At WTW, we pride ourselves on being an exceptional employer, offering a dynamic work environment in Welwyn that fosters professional growth and inclusivity. As a Senior Pensions Administrator, you will benefit from a hybrid working model that promotes flexibility and trust, while also having the opportunity to mentor junior colleagues and engage with a diverse portfolio of prestigious clients. Our commitment to employee development, coupled with a culture that values diversity and collaboration, makes WTW a rewarding place to advance your career in pensions administration.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Pensions Administrator in Welwyn Garden City
✨Tip Number 1
Familiarise yourself with the latest pension legislation and regulations. Being well-versed in these areas will not only boost your confidence but also demonstrate your expertise during discussions with our team.
✨Tip Number 2
Highlight your experience with both defined benefit (DB) and defined contribution (DC) schemes. Be prepared to discuss specific cases you've managed, as this will show your practical knowledge and problem-solving skills.
✨Tip Number 3
Emphasise your mentoring and coaching experience. We value team collaboration, so sharing examples of how you've supported junior colleagues will resonate well with us.
✨Tip Number 4
Prepare to discuss your organisational and time management skills. Given the high volume of work in this role, showcasing your ability to prioritise tasks effectively will be crucial.
We think you need these skills to ace Senior Pensions Administrator in Welwyn Garden City
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 passion for pensions administration and detail how your previous experience aligns with the responsibilities of the Senior Pensions Administrator role. Mention specific examples of your work with complex cases and your approach to team collaboration.
Highlight Relevant Skills:Clearly outline your knowledge of pensions legislation and regulations, as well as your attention to detail and organisational skills. Use bullet points to make these stand out and ensure they are easy to read.
Proofread Your Application:Before submitting, carefully proofread your application 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 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 questions related to complex pensions calculations and case types like Retirements and Transfers. Practise explaining your thought process and methodologies clearly, as this will showcase your expertise.
✨Emphasise Team Leadership Skills
Since mentoring junior colleagues is part of the role, be ready to discuss your experience in coaching and supporting others. Share specific instances where you provided feedback or led a project to success.