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Employee Claims Specialist
4 weeks ago
Please read the following job description thoroughly to ensure you are the right fit for this role before applying.
The ideal candidate will have a keen understanding of the complexities surrounding insolvency, employee claims, and pension schemes, ensuring a smooth process for stakeholders during what can be a distressing time. This role requires a detail-oriented individual with excellent communication skills and the ability to work with a diverse range of clients, legal professionals, and regulatory bodies.
Key Responsibilities:
Claims Management: Manage and process employee claims related to insolvency cases, ensuring accurate and timely handling of documentation and claim distribution.
Pension Expertise: Advise on pension-related matters in insolvency cases, including defined benefit and defined contribution schemes. Liaise with pension trustees, administrators, and regulatory bodies to ensure compliance with relevant laws and regulations.
Stakeholder Communication: Serve as the primary point of contact for employees, the case admin team, and other stakeholders throughout the insolvency process. Provide clear and concise information on claims, pension rights, and other pertinent issues.
Regulatory Compliance: Ensure all processes comply with relevant insolvency, employee and pension regulations, including the Pension Protection Fund (PPF), The Pensions Regulator (TPR), and other relevant authorities.
Data Management: Maintain accurate and organised records of claims, pension schemes, and communications. Utilise IPS to track claims progress and generate reports for internal and external stakeholders.
Case Analysis: Conduct detailed analysis of insolvency cases to determine the impact on employee claims and pension schemes. Develop strategies for optimal resolution and recovery of claims.
Collaboration: Work closely with the insolvency case teams, and other internal teams to ensure effective case management and resolution.
Continuous Improvement: Stay updated on industry trends, legal changes, and best practices related to insolvency and pensions. Contribute to process improvements and knowledge sharing within the team.
Qualifications:
Minimum of 3-5 years of experience in insolvency, claims management, or a related field.
Strong understanding of employees and pension schemes and their role in insolvency cases.
Excellent communication and interpersonal skills.
Strong organisational skills.
Proficiency in IPS.
Ability to work independently
Knowledge of relevant regulatory frameworks, including the Insolvency Act, The Pensions Regulator, and other pertinent laws.
TPBN1_UKTJ
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