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Senior Pensions Administrator

Aggregator Network
Job LocationLondon
EducationNot Mentioned
SalaryCompetitive salary
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypePermanent, full-time

Job Description

Key responsiblities:

  • Provide support to the Pensions Team, members, Trustee and Bank
  • Have strong technical knowledge & a good understanding of pension & risk benefits to respond to queries from members & stakeholders with accurate & relevant information
  • Liaise with 3rd party providers & advisers for new starters, leavers & members queries.
    • In conjunction with Pensions Team members and 3rd party providers where required assume responsibility to prepare, perform & check all aspects of DB & DC administration including:
  • all benefit calculations & communications with members
  • monthly pensioner payroll to pass to 3rd party for processing
  • monthly active member payroll routines
  • liaising with 3rd party providers for new starters & leavers
  • maintaining & updating systems accurately with member changes
  • maintain & update member communications with regulatory changes
  • payments, reconciliations & cashflow monitoring
  • complete all HMRC & statutory reporting
  • administration reporting
  • conducting data validation & existence exercises
  • liaising with DC provider & risk benefit consultants
  • maintaining & updating/streamlining processes & procedures
  • invoice processing
    • Requirements:
  • Build good relationships with Pensions & HR teams, members, Trustee and advisers.
  • Gain a good working knowledge of Bank specific pension and risk arrangements.
  • Maintain & apply detailed knowledge of Trust Law, Pensions legislation, HMRC requirements & actuarial matters
  • Understand needs of customers
  • The role is by nature very confidential so employee needs to gain the trust and confidence of all parties with whom they interact
    • Process
  • Gain good understanding of Companys pension & risk benefit arrangements.
  • Accurate & strong technical knowledge
  • Demonstrate strong organisational and planning skills.
  • Adhere to processes & procedures.
  • Able to work to tight timescales/reporting deadlines.
    • Experience required:Minimum 5 years pensions administration experience at a senior level in DB admin/technical position is essential, with pensioner payroll experience, some DC & risk benefits experience preferredGood word & excel skills are essential. Profund (pensions admin system) experience would be helpful but not essential.PMI/Pensions qualifications preferred.Good communicator (both written & verbal), interpersonal skills & collaborative team working skills required.Responsible for day to day decisions in accordance with experience, policy and precedent. All work/communications are peer reviewed. All financial decisions require approval and sign off by Trustee or Company.

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