Defined Benefit Pension Administration Specialist
5 days ago
Eden Scott is seeking a skilled Defined Benefit (DB) Pension Administrator to join their team in Edinburgh or Glasgow. This role involves delivering high-quality administration for DB pension schemes, ensuring accuracy and compliance with scheme rules and regulatory requirements.
Key Responsibilities:
- Administering DB pension schemes, including processing member events such as retirements, transfers, deaths, and leavers.
- Maintaining and updating member records, ensuring accuracy and adherence to scheme rules and regulations.
- Performing complex benefit calculations for members, including early retirements, transfer values, and pension increases.
- Supporting the preparation of annual and periodic scheme events, such as benefit statements and pension increases.
- Handling member and client queries with professionalism, providing clear and accurate information.
- Collaborating with team members to meet agreed service levels and deadlines for administration tasks.
- Assisting in the preparation of reports and data for trustees, clients, and regulatory bodies.
Requirements:
- Previous experience in DB pension administration with a strong understanding of scheme rules, processes, and calculations.
- Excellent attention to detail and accuracy in data processing and record-keeping.
- Strong organisational and time-management skills, with the ability to manage multiple tasks and meet deadlines.
- Proficiency in pension administration software and Microsoft Office applications.
- Good communication skills, with the ability to provide clear information to members, clients, and team members.
- Knowledge of current pensions legislation and regulatory requirements is an advantage.
Benefits:
- A competitive salary of approximately £30,000 - £45,000 per annum, depending on experience, plus performance-based bonuses.
- A comprehensive benefits package, including pension contributions, healthcare, and life insurance.
- Opportunities for professional development and career progression within the pensions industry.
- A supportive work environment in our Edinburgh or Glasgow office, with hybrid working options available.
This position requires a strong background in DB pensions, excellent analytical skills, and the ability to work efficiently in a fast-paced environment. If you are a motivated and organised individual looking for a challenging role, please apply.
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