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Pension Advisor

4 months ago

Bristol, United Kingdom Hays Specialist Recruitment Limited Full time

Full Time - Permanent
JOB OVERVIEW
Our client's in-house Pension Team looks after pension and life assurance benefits for c. 75,000 employees across multiple pension arrangements, including private and public sector schemes. The role is to provide essential administration support and deliverprofessional and accurate pension advice to members, the business, third party advisors and Trustees, across these schemes.
Main Duties
- Administration of Public Sector Schemes (LGPS/CSPS/NHSPS)
- Undertake year end compliance tasks and other regular processing, including occasional audits
- Understand and maintain knowledge of the scheme basis and administration requirements
- Ensure correct and timely implementation (and exit) of new Schemes under TUPE process. Assist in the bulk transfer process when required.
- Support the business to ensure the correct Scheme process is followed for ill health early retirements, death in service, early retirements.
- Assist with the distribution of scheme member communications
- Undertake projects as directed, including the updating of public sector documentation
- Maintain scheme information controls for multiple schemes and contracts
- Administration of Life Assurance Claims and Payments
- Prepare case summary for Trustees
- Review documentation and checklists and liaise with the business to collate correct information
- Submit claim to insurer and ensure payment made in accordance with Trustee discretion
- Support business to ensure correct process for life assurance claims is followed
- Maintain DIS controls

WHAT WE ARE LOOKING FOR
- Excellent analytical ability and numeracy skills with a methodical approach to data work
- Understands the needs for good controls and actively works to improve controls in place
- Pro-active, with ability to work under own initiative without direction
- Ability to work to deadlines and targets and able to prioritise tasks under pressure
- Team player, with sound commercial awareness
- Good communicator with an adaptable style to meet the needs of different stakeholder
- Continuously develop self by maintaining up to date pension knowledge
- Flexible, adaptable and ability to travel occasionally
- Knowledge and Experience
- Good administration experience in a corporate environment
- Ideally understand defined benefit and defined contribution pension schemes
- Ideally have a working knowledge of group life assurance arrangements
- Ideally have an understanding of TUPE and the impact on pension and life assurance benefits