Experienced Pensions Administrator

3 weeks ago


Welwyn Garden City, Hertfordshire, United Kingdom Tesco Full time
Position Overview
In this role, you will play a crucial part in assisting the Administration team with the execution of technical administration tasks and calculations within a defined Benefit Scheme.
Key Responsibilities
Performing calculations and managing member correspondence, ensuring timely completion within service level agreements.Handling calculations and correspondence for high earners, including adherence to legislative protections.Conducting quality assurance checks on team communications from a technical and regulatory standpoint.Updating and reconciling worklists to ensure compliance with relevant standards.Reviewing transfer cases to ensure alignment with regulatory requirements.Managing email correspondence and overseeing the team’s email inboxes.Assisting auditors with inquiries during the annual audit process.Completing and reviewing intricate member calculations while maintaining calculation service level agreements.Assessing complaint and historical pension transfer cases and authorizing daily payments.Supporting all processes to uphold compliance and reduce escalations and complaints.Providing assistance and testing for cyclic and key projects.Supporting the team in pursuing PMI examinations and proactively enhancing processes for improved efficiency.Qualifications Required
Experience in DB Pension Scheme administration.Background in either in-house or third-party administration.Proficient in administering technical benefit calculations.Current knowledge of UK Pensions legislation.Strong prioritization and time management skills.Excellent written and verbal communication abilities.Team-oriented mindset with a willingness to assist others.Highly motivated with a desire to learn.Strong numerical and analytical skills.Knowledge of UK Pension Schemes.Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint, Access).
Benefits Offered
We prioritize the well-being of our colleagues, offering a comprehensive benefits package that includes:
Colleague bonus scheme.Starting holiday entitlement of 25 days plus a personal day, in addition to bank holidays.Salary sacrifice scheme for purchasing additional holiday (for salaried roles).Retirement savings plan with employer matching contributions.Life assurance coverage at five times contractual pay.Generous maternity and adoption leave policies, alongside fully paid paternity leave.Flexible working arrangements available from day one.Access to a 24/7 virtual GP service and Employee Assistance Programme for mental well-being support.Colleague Clubcard for discounts in-store and online after three months of service.Exclusive deals and discounts on everyday purchases.Opportunities for professional development through ongoing training and learning programs.
About Tesco
At Tesco, our vision is to be the preferred shopping choice for customers, whether at home or on the go. Our core mission is to serve our customers, communities, and the planet better every day. We are committed to fostering an inclusive culture where diversity is celebrated and valued. We strive to create a workplace that provides equal opportunities for all colleagues. Tesco is proud to be recognized as a Disability Confident Leader, ensuring a fully inclusive and accessible recruitment process.

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