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Pension Administrator

E-Fab Recruitment
Posted 3 days ago, valid for 22 days
Location

Milton Keynes, Buckinghamshire MK93GA, England

Salary

£27000 - £33000/annum 35 hour working week

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Contract type

Full Time

Life Insurance

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Sonic Summary

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  • A Senior Pension Administrator is needed for a Financial Services client, focusing on Defined Contribution and Group Risk administration support with hybrid working options.
  • Candidates should have experience with group life assurance, income protection, critical illness schemes, and ideally Defined Benefit pensions as well.
  • The role involves tasks such as re-enrolling schemes, uploading contribution schedules, reconciling group risk schemes, and managing salary sacrifice arrangements.
  • The position requires a minimum of 3-5 years of relevant experience in pensions administration, with a salary in the range of £40,000 to £50,000 per year.
  • Applicants should possess relevant professional qualifications and adherence to compliance policies, with a focus on client retention and annuity revenue growth.

ROLE PURPOSE

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

The successful applicant will prefably 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 (DB) 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

1. To deliver service and administration to existing and new clients, achieving delivery within agreed service levels.
2. To ensure all procedures are in place and adhered to in line with company requirements and in line with compliance policies.
3. Ensure all data is accurately reflected on all systems used and ensuring compliance with GDPR requirements
4. The role holder is responsible for identifying, managing and escalating any risks within the business unit they identify.
5. Attend team meetings as and when required.
6. 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).

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