Pensions Officer
4 days ago
Working on behalf of a Local Authority, Aatom Recruitment has an opportunity for a Pensions Officer on a 2 month contract with a possibility of an extension.
This position will be a total of 35 hours per week, with hours from 09:00am - 17:30pm.
**Job Specific Accountabilities**:
- Performing calculations relating to pension entitlements and transfers to, from and within the LGPS, calculations and checking of transfer of pension rights to and from private sector occupational pension schemes, and to and from personal pension arrangements,and to provide a cross-checking function with other postholders within the Office as directed.
- Collating and processing new members' records on the scheme database and validating information.
- Calculating and completing refunds of ordinary and additional voluntary contributions, and cross-checking with other postholders.
- Calculation of benefit estimates including alternatives, providing advice as required and cross-checking with other postholders.
- Administration relating to status variations and career changes, including Maternity Leave and other absences, and cross-checking with other postholders.
- Preparation of Pensions Payrolls including the collation of information, calculation of interim payments, and cross-checking with other postholders.
- Implementing revised procedures for the calculation of benefits arising from new legislation as directed.
- Creation and maintenance of financial records relating to certificates of protected pension benefits, and relevant calculations, and cross checking function.
- Calculation of the apportionment of Pension benefits in cases of divorce, and subsequent financial arrangements relating to an ex-spouses preserved pension rights.
- Calculations of membership credits relating to the accumulated value of additional voluntary contributions.
- Acquiring and maintaining an up to date awareness and knowledge of LGPS Regulations and associated legislation, including new developments in pension's matters to provide informed responses to enquiries and to promote the Scheme within statutory limitations.
- Dealing with correspondence, telephone enquiries, and personal callers, giving interviews and advice on pension's matters involving contacts with all interested parties as directed.
- Providing assistance where required in the processing of the Fund's Triennial Valuation
**Knowledge, Education and Experience**:
- Current experience of Local Government Pensions and evidence of continuing professional development.
- PMI qualified or experience of handling and dealing with complex pensionprocesses with the minimum of supervision
- AAT qualified or wide experience in assisting in the reconciliation of pension fundincome and expenditure
- Experience of prioritising conflicting demands and working effectively under pressure.
- Knowledge of the Local Government Pension Scheme (LGPS) Regulations and relevant Payroll, Income Tax and State Second Pension matters
- Ability to use a range of pensions and accountancy IT systems and microsoft office suite software
- Demonstrable experience of being an agent of change and providing an improvement in service delivery.
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