At a Glance
- Tasks: Lead a dynamic team in managing pension administration tasks and ensure top-notch service delivery.
- Company: Join a forward-thinking company dedicated to excellent customer service and technical expertise.
- Benefits: Enjoy competitive salary, flexible holidays, healthcare plans, and opportunities for professional growth.
- Other info: Hybrid working available with a supportive and inclusive work environment.
- Why this job: Make a real impact in the pensions sector while developing your leadership skills.
- Qualifications: Experience in pensions administration and strong communication skills are essential.
The predicted salary is between 40000 - 50000 £ per year.
Our teams of pension administrators provide services to a wide range of trust‑based company pension schemes, including defined benefit, defined contribution, career average revalued earnings, and hybrid schemes. Our services include scheme administration, communication, scam identification, payroll services, pension scheme accounting, de‑risking projects and technical consultancy.
Our administrative approach is scheme‑based; one team is responsible for every aspect of each client’s service, enabling us to build the best possible relationships and provide the clarity of focus each scheme deserves. Ultimately, pension schemes exist for their members; we place as much emphasis on delivering excellent customer service as we do on technical proficiency and quality control.
Key Responsibilities
- Oversee the various DC administration tasks completed by the team, e.g. handling of leavers, retirements, transfers and deaths.
- Scrutinise the client work of other less experienced pension administration team members.
- Monitor accuracy, performance, and SLAs for the team, taking action to ensure targets are met.
- Liaise with Administration Manager regarding appraisals and regular catch‑up meetings; conduct some appraisals and mentoring meetings for staff on probation.
- Attend and contribute ideas to deputy administration manager meetings.
- Disseminate information to the team at regular meetings, including technical updates.
- Identify training needs across the team and assist with development and mentoring of team members.
- Ensure accurate update of the time‑recording system for both chargeable and non‑chargeable activities.
- Support, motivate and coach colleagues for the benefit of the team and the wider Company.
- Seek ways to innovate and improve quality, service delivery and efficiencies in processes and procedures.
- Maintain a client‑focused approach, developing trusting and credible partnerships with clients face‑to‑face and via telephone.
- Anticipate, resolve and own problems, identifying solutions to management as and when required.
- Prepare, check and issue administration bills.
- Update internal change‑control and other schedules and spreadsheets as required.
- Ensure breaches, errors and complaints logs are promptly completed and regularly reviewed.
- Assist in the recruitment process, including interviews.
- Deputise at Administration Manager meetings when necessary.
- Manage day‑to‑day activities of staff to ensure efficient and effective delivery of all work; hold regular workflow meetings with senior team members as needed.
- Take part in marketing and new business activities, including completing tender responses, attending pitches and presenting at site visits.
- Provide expert advice and consultative support for pension queries, stay abreast of technical and legislative developments and support more junior staff.
- Drive and support automation projects across the team.
- Guide team members on utilisation and recoverability to build awareness at all levels.
- Attend trustee/client meetings when opportunities arise.
- Advise senior team members on fees for ad‑hoc projects or service upgrades.
- Sign out non‑standard letters in response to client and member queries.
Due to the changing nature of the business, the job holder may from time to time be required to undertake other activities of a similar nature that fall within their capabilities.
Essential Requirements
- Expert knowledge of pensions administration activities applicable to any scheme.
- Previous experience of Defined Contributions (DC) schemes, including leavers, retirements, deaths, transfers in/out and reporting.
- Experience of current pensions legislation and framework, especially regulatory requirements of the Pensions and Finance Acts.
- Previous supervisory or workflow management experience, including performance monitoring, appraisals and recruitment.
- Proficient in IT, especially Microsoft Word, Excel, Outlook and PowerPoint.
- Strong Maths and English GCSE or equivalent qualification – minimum grade B/6.
- Positive personal impact qualities such as leadership, influencing, credibility and empathy.
- Effective management skills, awareness of processes and staff motivation.
- Outstanding communicator, able to communicate effectively, professionally and concisely in writing, face‑to‑face and over the telephone with internal and external contacts.
- Willingness to take on responsibility and adopt a flexible approach in high‑pressure situations.
- Ability to manage conflicting demands, prioritise work and meet tight deadlines.
- Capability to delegate work priorities to less experienced staff and manage workflows to meet client and legal expectations.
- Capability to anticipate, resolve and own problems, providing solutions to management as required.
- Self‑motivated, enthusiastic approach to work, taking responsibility for personal and technical continuous professional development.
- Well‑developed analytical and problem‑solving skills, sound decision‑making skills, safeguarding the interests of both client and Company.
- Thinking beyond the immediate team regarding tasks and actions and considering potential impacts.
- Continuously seeking ways to innovate and improve quality, service delivery and efficiencies in processes and procedures.
- Recognise the need for a customer‑focused approach to delivery, meeting and exceeding customer expectations.
- Well‑developed commercial and business awareness, coupled with excellent negotiation skills.
Desirable Qualifications
- Third‑party pensions administration experience preferred, or strong all‑round experience within an in‑house pensions department that is not purely process‑driven.
- Previous presentational experience desirable for prospect pitches and trustee meetings.
- Progression within a relevant pensions qualification such as CPC, QPA, DPC, RPC or APMI.
What We Offer
Enjoy a competitive salary, annual discretionary bonus and 25 days holiday with buy/sell flexibility. Benefits include pension matching, healthcare plans, life assurance and retailer discounts. We support our team with a flexible benefits scheme, employee assistance and a digital GP service. Volunteering events are encouraged and paid volunteer days are available. Referral bonuses are offered for introducing suitable candidates.
Equal Opportunity Statement
We welcome applications from all candidates, irrespective of sex, race, disability, sexual orientation, religion or belief. As a Disability Confident employer, we ensure an accessible and supportive work setting for all employees.
Eligibility
Any employment offer will be conditional upon DBS Disclosure checks, employment or educational references, satisfactory credit checks and eligibility to work in the UK. We are not able to provide sponsorship.
Location
Reading, UK. Hybrid working available.
Employment Type
Permanent, Full Time.
Grade
Consultant.
Deputy Administration Manager (Defined Contributions) in Reading employer: XPS Group
As a Deputy Administration Manager in Reading, you will join a dynamic team dedicated to providing exceptional pension administration services. Our company fosters a supportive work culture that prioritises employee growth through mentoring and training opportunities, while also offering competitive benefits such as flexible working arrangements, healthcare plans, and generous holiday allowances. With a strong emphasis on innovation and customer service, we empower our employees to make a meaningful impact in the lives of our clients and their members.
StudySmarter Expert Advice🤫
We think this is how you could land Deputy Administration Manager (Defined Contributions) in Reading
✨Tip Number 1
Network like a pro! Get out there and connect with people in the pensions industry. Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their approach to pension administration and think about how your experience aligns with their values. This will help you stand out as a candidate who truly gets what they’re about.
✨Tip Number 3
Practice your interview skills with a friend or mentor. Focus on articulating your experience with defined contributions and how you've handled various administrative tasks. The more comfortable you are, the better you'll perform when it counts!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take that extra step to engage with us directly. Let’s make it happen!
We think you need these skills to ace Deputy Administration Manager (Defined Contributions) in Reading
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Deputy Administration Manager role. Highlight your experience with defined contributions and any relevant supervisory roles you've held. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about pensions administration and how you can contribute to our team. Keep it concise but impactful – we love a good story!
Show Off Your Communication Skills:Since this role involves liaising with clients and team members, make sure your written application showcases your communication skills. Use clear, professional language and check for any typos – we appreciate attention to detail!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get all the updates directly from us. Plus, it’s super easy!
How to prepare for a job interview at XPS Group
✨Know Your Pensions Inside Out
Make sure you brush up on your knowledge of defined contributions and the various pension schemes. Be ready to discuss specific tasks like handling leavers, retirements, and transfers, as well as current legislation. This will show that you're not just familiar with the basics but also understand the nuances of the role.
✨Showcase Your Leadership Skills
Since this role involves overseeing a team, be prepared to share examples of your previous supervisory experience. Talk about how you've motivated and coached team members, handled appraisals, or improved performance. Highlighting your ability to lead will set you apart from other candidates.
✨Demonstrate Problem-Solving Abilities
Think of specific instances where you've anticipated and resolved issues in a work setting. Discuss how you identified solutions and communicated them effectively. This will illustrate your analytical skills and your proactive approach to challenges, which are crucial for this position.
✨Prepare Questions for Them
Interviews are a two-way street! Prepare thoughtful questions about the company’s approach to client relationships, team dynamics, or future projects. This shows your genuine interest in the role and helps you assess if the company is the right fit for you.