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Pensions Adviser

Hays Specialist Recruitment Limited
Posted 9 hours ago, valid for a day
Location

London, Greater London EC1R 0WX

Contract type

Full Time

Retirement Plan

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

info
  • The role involves undertaking various administrative duties related to pension client functions, including maintaining scheme member records and assisting employers with their obligations.
  • The position requires providing support to the Pensions Operations Team Manager and maintaining statistical data to monitor the performance of the third-party pension administrator.
  • Candidates should have at least 2 years of relevant experience in pensions administration or a related field.
  • The salary for this role is competitive and commensurate with experience, reflecting the responsibilities involved.
  • Interested applicants are encouraged to apply by submitting their CV or contacting the recruitment agency for further discussion.

Role Purpose* To undertake a range of administrative duties in relation to the pension client function, including the provision and checking of information to support the accurate maintenance of scheme member records, and to monitor and assist employers in fulfilling their obligations to the pension fund.* To provide administrative support to the Pensions Operations Team Manager as required. Role Duties* Assist the Pensions Operations Team Manager in maintaining statistical data to monitor the performance of the Third party pension administrator, which includes records of payments to and from the Pensions Fund and the accuracy of LGPS deductions from scheme members' pay as calculated by employers.* Liaise with scheme employers to ensure that they meet their responsibilities in respect of the accurate and timely provision of all necessary pension information to the administering authority.* Where required, to provide details to the pension administrator of LGPS starters, leavers, contractual hours changes, absence and all other relevant changes which impact on pension entitlements, and to monitor the pension administrator to ensure accurate record maintenance.* Prepare payment vouchers for authorisation of retirement grants, contribution refunds, transfers, and death grants to generate timely payments.* Ensure the timely payment of third-party supplier invoices including for the administrators. * Calculate and check redundancy payments where required. In the case of early retirements, provide relevant data to the pensions administrator to enable them to calculate pension benefits and costs to the employer, and liaise with any other parties as necessary to support the accurate and timely provision of this information.* Advise the pensions administrator of pay to be used in the calculation of child related absence, sickness, strike and leave of absence, and to perform / check any calculations as required. * Ensure that any new employers or admitted bodies are on boarded into the Fund in accurately and timely manner* Assist the Pensions Operations Team Manager in maintaining records to provide accurate data for the purposes of system control, monitoring of performance indicators and benchmarking.* Retrieve archived records to provide information or resolve issues from members, contractors, employees, ex-employees, employers, pensions and financial providers, government agencies and any other third parties as necessary.* Check pensions payroll data for new pensioners, deaths, beneficiaries, and adjustments to pension, and resolve any discrepancies.If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion about your career.

Hays Specialist Recruitment Limited acts as an employment agency for permanent recruitment and employment business for the supply of temporary workers. By applying for this job you accept the T&C's, Privacy Policy and Disclaimers which can be found at hays.co.uk

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In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.