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Senior Pension Administrator

E-Fab Recruitment Ltd
Posted 2 days ago, valid for a month
Location

Milton Keynes, Buckinghamshire MK10 9QA

Salary

£27,000 - £32,400 per annum

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Contract type

Full Time

Life Insurance

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

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  • The role is for a Senior Administrator with experience in Defined Contribution and Master Trust pensions support, as well as Group Risk administration, offering hybrid working arrangements.
  • Candidates should have a minimum of three years of relevant experience in administering group life assurance, income protection, and other group insurance schemes.
  • The position involves tasks such as re-enrolling schemes, uploading contribution schedules, and reconciling group risk schemes at year-end.
  • The successful applicant will be responsible for maintaining compliance with company procedures and GDPR requirements, while also managing risks within the business unit.
  • Salary details are not specified, but the role requires a strong background in financial services and pensions administration.

ROLE PURPOSE

One of our Financial Services clients requires a Senior Administrator who has experience of managing and delivering Defined Contribution / Master Trust pensions support and Group Risk administration support (Hybrid working).

The successful applicant will have experience of administering group life assurance schemes (both Registered and Excepted), Income Protection Schemes, Group Critical Illness schemes and Group Medical and Dental Insurance schemes.

Experience of administering Defined Benefit pensions schemes and flexible benefits schemes will also be an advantage.

The successful applicant will be capable of:-

  1. Re-enrolling schemes on their three-yearly anniversaries
  2. Uploading monthly contribution schedules to pension provider websites
  3. Reconciling group risk schemes at the year end
  4. Undertaking re-brokes and rate reviews of group risk schemes
  5. Administering arrangements on a salary sacrifice basis

Focussing on retention of existing clients and growth of annuity revenue year on year, the role holder will play a critical part in the success and the reputation of the Company.

KEY RESULT AREAS

  • To deliver service and administration to existing and new clients, achieving delivery within agreed service levels.
  • To ensure all procedures are in place and adhered to in line with company requirements and in line with compliance policies.
  • Ensure all data is accurately reflected on all systems used and ensuring compliance with GDPR requirements
  • The role holder is responsible for identifying, managing and escalating any risks within the business unit they identify.
  • Attend team meetings as and when required.
  • Providing Management information on a weekly and monthly basis to Head of Professional Pensions and Trustee services, covering the status of the work, achievement of service levels.

ATTAINMENTS

  • Any relevant professional management qualifications
  • Experience of working in Financial Services, especially Pensions administration - Defined Contribution pensions and Group Risk administration.

This role is hybrid working with a 35 hours working week (two/three days a week in the office).

Apply now in a few quick clicks

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.