Pensions Administrator

Leading Accountancy firm with offices based in Gatwick seek a Pensions Administrator/Technician

As part of the Pensions Team you will provide data management support in the time-critical delivery of specific projects relating to the company’s contracted-out defined benefit scheme. You will also provide in-house maintenance of the defined benefit scheme data in the pensions administration system and in non-systems based records.

Core Duties will include the following:

• To assist in and support the in-house administration of the company’s defined benefit and defined contribution pension schemes.
• Working with the Pensions Director, primarily to deliver pension data related projects
  relating to data rectifications e.g. GMPe and Barber audit of and corrections to scheme data
• To maintain ongoing accuracy of the DB scheme data in both Profund and in non-systems based records
• To take responsibility for the quality and accuracy of Defined Benefits scheme data in:
  • Audit of input of data accuracy
  • Encouraging adoption of a consistency of approach to data management
  • Querying any data inputting where there is any concern as to its correctness
  • Using initiative to suggest changes to improve administration practices
  • To liaise with the Profund provider, ITM, on systems fixes and upgrades, including testing of such changes
  • To assist in delivery of the Pensions Dashboard Project
• To work as a member of the in-house pensions team in the administration of the company’s closed DB and open DC schemes:
  • To build a good working knowledge of the pension schemes and associated processes
  • To acquire a good knowledge and understanding of the DB scheme rules and DB/DC scheme literature
  • To diligently adhere to the work management processes
  • To use Profund and Excel in DB member benefit calculations
  • To assist in DB member case work such as leavers, retirements, transfer outs and deaths
  • To work in collaboration with your team colleagues to achieve a high level of administration and service to company staff and scheme membersLI1

Ideal Candidates must have the following skills and experience:

• At least 2/3 years pensions administration experience
• Extensive experience of GMP in one or more of: reconciliations, equalisations, governance etc
• Database and systems management
• Data analysis and management
• Ability to perform and audit manual benefit calculations
• Technically proficient in operational pensions administration
• Data base and systems management including ability to test programs, correct errors and make changes
  Software
• Essential - Excel, Word, Outlook
• Desirable - Profund P3
• Used to meeting deadlines in a busy working environment
• Strong data analytical skills, working with large data sets
• High level of computer literacy, particularly strong Excel skills (tools and formulae)
• Excellent communication and interpersonal skills