At a Glance
- Tasks: Manage pension administration for both DB and DC schemes while supporting various projects.
- Company: Join Wood, a global leader in engineering and consultancy with a diverse workforce.
- Benefits: Gain valuable experience in a supportive environment with opportunities for growth.
- Other info: Dynamic role with a focus on teamwork and professional development.
- Why this job: Make a real impact by helping people navigate their pensions and financial futures.
- Qualifications: Experience in pensions administration and strong customer service skills are essential.
The predicted salary is between 30000 - 40000 £ per year.
Wood is currently recruiting a Pensions Administrator to provide a full pension administration service to both Defined Benefit (DB) and Defined Contribution (DC) schemes. Reporting to the Pension Team Lead, the role includes day-to-day pension administration activities as well as a range of pension project support. This is a key role within the team supporting the smooth running of the schemes, in line with Service Level Agreements and quality levels.
Responsibilities include:
- Completing all aspects of pensions administration including Early/Normal and Late retirement quotations, divorce quotations, ensuring payments are processed accurately, monthly contribution audit, DB and DC leavers, death benefit calculations, drafting routine correspondence, transfers in and out, liaising with third parties and resolving queries from scheme members.
- Providing administrative support to the Senior Administrator on a range of projects including the production of benefit statements, year-end reconciliations, valuations and pension increases.
- Creating and maintaining close working relationships with members and colleagues and providing assistance to third party providers.
- Servicing the Pensions Telephone Helpline, providing full support to members and external parties in a friendly manner.
- Keeping up to date with any relevant legislative changes.
Qualifications:
- Previous experience of administering Defined Benefits and Defined Contribution either in-house or TPA.
- Excellent customer service skills.
- Excellent Microsoft Office skills.
- A basic understanding of pensions industry regulations and current legislation.
- Planning and organisation skills and confidence in working in a high-pressured environment.
- Ability to work to a high degree of accuracy.
- Good communication skills in dealing with pension scheme members.
Wood is a global leader in engineering and consultancy across energy and the built environment, helping to unlock solutions to some of the world’s most critical challenges. We provide consulting, projects and operations solutions in more than 60 countries, employing around 40,000 people.
We are an equal opportunity employer that recognises the value of a diverse workforce. All suitably qualified applicants will receive consideration for employment on the basis of objective criteria and without regard to race, colour, age, religion, gender, national origin, disability, sexual orientation, gender identity, protected veteran status, or other characteristics in accordance with the relevant governing laws.
Pensions Administrator employer: Wood
Wood is an exceptional employer that champions diversity and fosters a supportive work culture, making it an ideal place for aspiring legal professionals. With a strong commitment to professional development, employees benefit from competitive salaries, flexible benefits, and opportunities for growth in the dynamic energy sector. The hybrid work model in vibrant locations like Aberdeen or Reading further enhances work-life balance, allowing you to thrive both personally and professionally.
StudySmarter Expert Advice🤫
We think this is how you could land Pensions Administrator
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Wood. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Pensions Administrator
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Wood.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Wood's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Wood
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Wood.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Wood will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Wood employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
