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Pension Administration Associate

2 months ago

Salisbury, United Kingdom NJR Recruitment Ltd Full time
Pension Administration Associate - SSAS

Salary: £28,000

NJR Recruitment Ltd is collaborating with a prominent firm specializing in pension solutions, renowned for its family-friendly work culture. This esteemed organization has established a solid reputation for delivering expert administration services for Small Self-Administered Schemes (SSAS). We are excited to present a remarkable opportunity for a pension administrator to become a part of their dynamic team.

Key Responsibilities:

The successful candidate will be responsible for comprehensive administration tasks related to an assigned portfolio of SSAS, ensuring exceptional technical and customer service outcomes for clients and their advisors. Daily duties will include:
  • Engaging with clients and their advisors to understand their needs and deliver optimal outcomes.
  • Calculating and disbursing retirement benefits.
  • Processing contributions and transfers into the SSAS.
  • Facilitating the acquisition or liquidation of investment portfolios.
  • Preparing asset valuations and member fund share calculations.
  • Managing property transactions in accordance with established procedures.
  • Ensuring compliance with rent reviews, lease expirations, and insurance renewals.
  • Monitoring loan repayments and managing any arising arrears.
  • Arranging loans while adhering to internal protocols.
  • Overseeing scheme bank accounts to ensure adequate cash flow for payments.
  • Executing the necessary steps to establish new schemes or transition existing ones.
  • Updating trust deeds to reflect changes in trustees and scheme rules.
  • Registering schemes with relevant regulatory bodies.
  • Completing and submitting required pension scheme documentation.
  • Calculating and processing death benefits.
  • Facilitating transfers and takeovers.
  • Preparing materials for client meetings.
  • Participating in trustee meetings as needed.
  • Addressing any administrative queries that arise.

Compliance and Quality Assurance:

It is essential to adhere to internal processes and compliance standards:
  • Ensure all administrative tasks are completed within agreed timelines and quality benchmarks.
  • Organize daily workflows and schedule scheme administration tasks.
  • Maintain accurate and comprehensive scheme data across all platforms.
  • Record time costs and disbursements accurately and manage fee collection.
  • Comply with all regulatory requirements.
  • Proactively enhance personal knowledge and contribute to team development.
  • Complete individual tasks that align with departmental objectives.

Successful candidates should possess experience in SSAS administration and demonstrate:
  • Strong organizational skills with the ability to prioritize effectively.
  • Ability to work efficiently under pressure while maintaining attention to detail.
  • Capability to meet deadlines consistently.
  • Clear and effective communication skills.
  • A positive approach to client service.
  • A proactive and motivated attitude.
  • Ability to foster strong relationships with both internal and external stakeholders.

This position offers an excellent opportunity to join an award-winning firm, where your contributions will be valued and recognized.