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Pensions Administrator

Location: NEWCASTLE UPON TYNE, TYNE AND WEAR Salary: 18000 - 25000 GBP Per Annum
Sector: Insurance Job Type: Permanent
Shift Type: N/A Applications: N/A
Posted: 12 months ago Reference: 3067950
Are you seeking a position with a company that can offer ongoing training and long term career opportunities? Do you enjoy dealing with queries and administrative support to colleagues and clients? If so we have an exciting career opportunity as a Pensions Administrator for a reputable Financial Services company in Newcastle.

As a Pension Administrator, you will be providing an effective and efficient pensions administration service to our administration clients, whilst participating in achieving team objectives and actively contributing to the overall objectives of the Company.

As the successful Pensions Administrator your duties will be as follows:
Performing all basic and intermediary pensions administration and project related tasks e.g. handling of new entrants, leavers, retirements, transfers and deaths.
• Adhering to best practice procedures in all aspects of pensions administration related tasks as defined by the Company.
• Participating in annual projects such as; renewals, benefit statements, life assurance, PHI and pension increases. Handling any data processing and administration tasks, ensuring projects are fully monitored and completed in line with customer and legislation requirements.
• Ensuring standard documentation is scheme specific, and incorporating them into existing procedures.
• Monitoring on going procedural developments and implementing changes to procedures where required.
• First level checking of work completed by more junior staff. In addition, final checking of non-financial work e.g. change of address.
• Informal training and mentoring of more junior members of the team.
• Receiving and handling internal and external telephone queries and where applicable becoming first point of contact for clients.
• Running automated systems calculations.
• Performing manual benefits calculations.
• Producing ad-hoc letters to ‘draft standards’ 
• Developing intermediate knowledge and awareness of their clients and associated schemes.
• Taking responsibility for ad-hoc projects and exercises.
• Assisting the team with project related work e.g. bulk mailshots to scheme members.
• Updating relevant pension administration databases and systems.
• Logging and scanning post/correspondence.
• Assisting in non-client related work such as technical committees, training and events.

Knowledge and Experience
• Able to demonstrate a fundamental knowledge of pensions administration activities and can apply this knowledge to any scheme.
• Previous pensions administration experience of Defined Benefit (DB) and Defined Contributions (DC) schemes (depending on the role, experience of DB/DC may differ subject to team requirements) including leavers, retirements, deaths, transfers in, transfers out, monthly processing and investment, benefit statements, renewals and pension increases. This role is likely to appeal to individuals with a minimum of 2 years' experience although not exclusive as all applications will be considered on an individual basis.
• Experience of current pensions legislation and framework is essential, especially the regulatory requirements of the various Pensions and Finance Acts which impact on pensions administration.
• Experience of checking and mentoring more junior members of staff would be desirable.
• Able to demonstrate a numerical aptitude evidenced by work related experience or academic achievements as listed below.

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