Pension Scheme Administrator
2 weeks ago
As a key member of our team at Spence & Partners Limited, you will play a crucial role in managing and maintaining the administration aspects of defined benefit and defined contribution pension schemes on behalf of the scheme trustees.
Our team carries out a wide range of exercises, from winding up schemes and calculating members' pension benefits to carrying out forensic research for schemes, all while providing an exceptional service to the members of our Schemes.
You will be responsible for building a portfolio of clients and managing all transactions needed for their pension schemes, ensuring they are completed to the highest standards and within the service levels. You will also serve as the key contact for pension members and clients, answering queries over the phone and via written communication, and attending Trustee meetings.
Key Responsibilities:
- Manage and maintain the administration aspects of defined benefit and defined contribution pension schemes.
- Carry out a wide range of exercises, including winding up schemes and calculating members' pension benefits.
- Provide exceptional service to the members of our Schemes.
- Build and manage a portfolio of clients.
- Manage all transactions needed for clients' pension schemes.
- Serve as the key contact for pension members and clients.
Requirements:
- Broad pension's technical knowledge, with at least five years' experience working in a Defined Benefit pension administration environment.
- Detailed understanding of defined benefit pensions schemes and UK pensions legislation, regulation, and codes of practice.
- Experience in managing ad-hoc and annual pension projects.
Desirable Criteria:
- Knowledge of and experience with GMP Reconciliation / Equalisation calculations.
- Practical knowledge of the Pension Protection Fund (PPF).
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