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Pensions Administrator

2i Recruit Ltd
Job LocationGodalming
EducationNot Mentioned
Salary27,000 - 32,000 per annum
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypePermanent , full-time

Job Description

We have a great opportunity for a Pensions Administrator, offering excellent progression with support and superb benefits. Our client offers a friendly, structured environment in Godalming.Responsibilities:

  • Preparing all necessary documentation for the Consultant to present to the clients.
  • Collating information on prior schemes and preparing first draft analysis of clients other pension arrangements.
  • Setting up scheme current/deposit accounts (if required).
  • Obtaining transfer value quotes and organising transfers agreed by the consultant from prior schemes.
  • Preparing first draft of the initial actuarial report.
  • Drafting submission for approval of the scheme to the Inland Revenue.
  • Following up to ensure that IR approval is obtained.
  • Carrying out all other administrative tasks on the establishment checklist.
  • Attending to scheme registration.
  • Scheme Reviews
  • Preparation of standard client letters/Consultant reminders to initiate regular scheme reviews (annually, unless a different frequency has been agreed with the client).
  • Assisting Consultants in reminding the client about the payment of contributions before each year-end and advising on any variations in contribution levels. Chasing clients where necessary.
  • Carrying out all administrative tasks on the year-end checklist. Includes reviewing and maintaining life cover arrangements.
  • Collating information on prior schemes as required by consultants.
Maintaining Database Records:
  • Ensuring all required data is obtained, then promptly and accurately entered/maintained on the Companys database system.
  • Printing and reviewing regular routine data reports to identify, and deal with, missing/anomalous data.
Investment/Borrowing Transactions:
  • Assisting Consultants by researching and/or obtaining quotations for investments from Dentons list of investments.
  • Preparing and processing paperwork for deposits, stockmarket investment, property and other investments.
  • Preparing loan documentation.
  • Calculating loan interest when due, billing it where necessary, and monitoring receipt thereof.
  • Liasing with Consultants to monitor closely all investment/loan/property transactions parties to ensure no breach of limits/legal requirements.
  • Liasing with Consultants to monitor closely all transactions with members and/or connected parties to ensure no breach of legal requirements.
Inland Revenue Correspondence and Reportable Transactions:
  • Organising the reporting of all PSO Reportable transactions within the statutory deadlines.
  • Tax Matters
  • Processing Self-Assessment tax returns
  • Preparing and submitting Tax reclaims, and ensuring the reclaim is received.
  • Making applications for registering SSASs for VAT when requested.
  • Preparing and submitting scheme VAT Returns.
  • Ensuring VAT payments/refunds made on time.
Benefits:
  • Onsite parking
  • Flexible working
  • Personal development- help developing your role, exam support including guidance, study leave and the cost of study
  • Accrue additional holiday for extra hours worked
  • Life cover
  • Private healthcare
  • 25 days holiday plus bank holiday
If you have not heard back within 5 working days, then unfortunately on this occasion you have not been successful.

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