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For Companies At a Glance
- Tasks: Manage monthly and annual pension processes, ensuring accuracy and compliance.
- Company: Join XPS Group, a leading UK consulting firm in pensions and insurance.
- Benefits: Enjoy flexible working, competitive salary, healthcare plans, and 25 days holiday.
- Why this job: Be part of a diverse team that values your voice and supports your growth.
- Qualifications: Experience with Defined Benefit schemes and proficiency in Microsoft Office required.
- Other info: Opportunities for mentoring and professional development available.
The predicted salary is between 36000 - 60000 £ per year.
This job is brought to you by Jobs/Redefined, the UK\’s leading over-50s age inclusive jobs board.
Senior Pensions Administrator
Edinburgh
Hybrid
Full Time
Permanent
Ref: 002569
XPS Group is a leading UK consulting and administration business specialising in the pensions and insurance sectors. At XPS, our vision is to create a vibrant place to work where difference is recognised as a strength and where talented people can flourish and achieve their highest potential .
Our Pensions Administration business continues to grow and we are now looking for an experienced Senior Pensions Administrator to join our vibrant Edinburgh office with hybrid working. This is an exciting role and would most likely suit someone with previous experience in a similar role where they have gained knowledge and experience of D efined Benefit (DB) pension schemes.
A FTSE 250 company, XPS combines expertise and insight with advanced technology and analytics to address the needs of over 1,400 pension schemes and their sponsoring employers on an ongoing and project basis. We undertake pensions administration for over one million members and provide advisory services to schemes and corporate sponsors in respect of schemes of all sizes, including 88 with assets over £1bn. We also provide wider ranging support to insurance companies in the life and bulk annuities sector.
Our people drive our success and as an XPS employee you can bring your whole self to work – Everyone is treated equally and with respect. We will provide you with the support and training you need to grow and be at your very best. It\’s about inclusion and diversity, ensuring all our people feel included, that they belong to XPS and that they\’re happy. Above all, it\’s about ensuring everyone has a voice and feels valued. Because they are.
The Team
Our award-winning pensions administration business puts scheme members at the heart of everything we do. Our services include scheme administration, first-time outsourcing, member communications and scam protection.
Learn more here: https://www.xpsgroup.com/what-we-do/administration/
The Role
As a Senior Pensions Administrator with XPS you will:
- Oversee the management of monthly and annual processes on the team. Ensure processes are fully monitored and completed in line with customer and legislation requirements.
- Monitor accuracy, performance, and SLAs for the team, including activity and client performances, and take action to ensure targets are met. This includes monitoring, delegating and coordinating workflow.
- Ensure standard documentation is scheme specific and incorporating them into existing procedures.
- Where appropriate participating in client meetings.
- Handle complex pensions queries, scrutinising the work of other less experienced pension administration team members.
- Sign out non-standard letters in response to client and member queries.
- Updating relevant pension administration databases and systems.
- Perform manual and automated benefits calculations.
- Helping identify any training needs across the team and assisting with developing and mentoring team members.
Your profile
Essential Criteria
- Previous pensions administration experience of Defined Benefit (DB) schemes including leavers, retirements, deaths, transfers in and transfers out.
- Experience of current pensions legislation and framework.
- IT proficient, in particular Microsoft Word, Excel & Outlook.
- Maths and English GCSE grade 4/C or equivalent.
What we offer:
Find out more about Life at XPS
Find out more about Our People Approach
We offer an attractive reward package, typical benefits can include:
- Competitive salary
- Participation in annual discretionary Bonus Scheme
- 25 days holiday plus flexibility to buy or sell holiday
- Flexible Bank holidays
- Pension scheme, matching contribution structure
- Healthcare cash plan
- Flexible Benefits Scheme to support you in and out of work, helping you look after you and your family covering Security & Protection, Health & Wellbeing, Lifestyle
- Life Assurance cover, four times basic salary
- XPS Rewards (offers High Street discounts and savings from retailers and services providers as well as offers available via phone)
- Employee Assistance Programme for you and your household
- Access to a digital GP service
- Paid volunteering day when participating in Company organised events
- Staff referral scheme when you introduce a friend to XPS
What next:
If you feel XPS could be the next step on your career ladder, please apply directly via the links provided and we look forward to learning more about you. We will consider all applicants and respond swiftly.
Please discuss with the recruitment team, via phone or email, if you require any adjustments to the recruitment process. For example, we can provide materials in an alternative format, or give you extra time in interviews or tests.
If you do not feel ready to apply or still have questions, please email us by clicking here
The successful candidate will need to demonstrate the following requirements:
- Right to Work confirmation
- DBS Disclosure check
- Employment or educational references covering five years
- Satisfactory credit check
We continuously strive to build an inclusive workplace where all forms of diversity are valued, including age, background, disability, gender, gender identity, gender expression, race, religion or sexual orientation.
Please note we reserve the right to close our vacancies early and we only accept CVs direct from candidates or our preferred supplier list.
XPS try wherever possible to respond to all applicants if for any reason you have not heard from us within 28 days of your application, please assume you have been unsuccessful on this occasion.
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Senior Pensions Administrator employer: XPS Pensions
Contact Detail:
XPS Pensions Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Pensions Administrator
✨Tip Number 1
Familiarise yourself with the latest trends and changes in pensions legislation, especially regarding Defined Benefit schemes. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the pensions administration sector. Attend industry events or join relevant online forums to connect with others who work at XPS or similar companies. This can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples from your previous experience that showcase your ability to handle complex pensions queries and manage team workflows. Being able to articulate these experiences clearly will set you apart during the interview process.
✨Tip Number 4
Research XPS Group's values and culture, particularly their focus on inclusion and diversity. Be ready to share how your personal values align with theirs, as this will show that you are a good fit for their team-oriented environment.
We think you need these skills to ace Senior Pensions Administrator
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Senior Pensions Administrator. Familiarise yourself with Defined Benefit (DB) schemes and the specific tasks mentioned in the job description.
Tailor Your CV: Customise your CV to highlight relevant experience in pensions administration, particularly with DB schemes. Use keywords from the job description to ensure your application stands out.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention how your previous experience aligns with the requirements and how you can contribute to the team at XPS.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in this role.
How to prepare for a job interview at XPS Pensions
✨Know Your Pensions Legislation
Make sure you brush up on current pensions legislation and frameworks, especially regarding Defined Benefit schemes. Being able to discuss recent changes or trends in the industry will show your expertise and commitment to the role.
✨Demonstrate Leadership Skills
As a Senior Pensions Administrator, you'll be overseeing processes and mentoring team members. Be prepared to share examples of how you've successfully led teams or managed projects in the past, highlighting your ability to coordinate workflow and ensure targets are met.
✨Prepare for Complex Queries
Expect to handle complex pensions queries during the interview. Think about challenging situations you've faced in previous roles and how you resolved them. This will demonstrate your problem-solving skills and your ability to scrutinise work effectively.
✨Showcase Your IT Proficiency
Since the role requires proficiency in Microsoft Word, Excel, and Outlook, be ready to discuss your experience with these tools. You might even want to mention specific tasks you've accomplished using these applications, such as data analysis or report generation.
