Defined Benefit Pension Expert
1 week ago
We are seeking an experienced Senior Pensions Administrator to join our team at Pontoon. The successful candidate will be responsible for handling technical administration cases, project calculations, and data analysis for a Defined Benefit Scheme.
Main Responsibilities:- Project Support and Data Analysis: Assist with data analysis, cleansing, and testing for cyclic and key pension projects.
- Member Benefits and Correspondence: Complete pension calculations and manage correspondence for members, ensuring timely completion within SLA.
- Legislative Compliance and Protection: Manage calculations for high earners, ensuring compliance with legislative controls for protection.
- Quality Control: Perform QA checks on colleague communications to ensure compliance with pension technical and legislative requirements.
- Regulatory Compliance: Update and reconcile worklists to ensure ongoing compliance with pension regulations.
- Case Management: Review pension transfer cases, ensuring adherence to relevant regulations and best practices.
- Audit Support: Assist auditors with queries during the annual audit process.
- Dispute Resolution: Review and manage complaint or historic pension transfer cases, ensuring swift resolution and compliance.
- Complex Member Calculations: Complete and review complex member calculations, maintaining SLA targets.
- Operational Efficiency: Support all processes aimed at maintaining compliance, minimizing escalations, and resolving complaints efficiently.
- Team Support: Support team members in their pursuit of PMI exams.
- Process Enhancement: Take initiative to improve internal processes, driving efficiency and operational excellence.
- DB Pension Scheme Administration Experience: Proven experience in administering Defined Benefit pension schemes, including managing member benefits and complex calculations.
- Pension Benefit Calculations: Experience in performing and reviewing detailed pension benefit calculations.
- UK Pension Legislation Knowledge: Up-to-date knowledge of current UK pension legislation and regulations.
- Pension Scheme Administration experience
- Opportunity to work on challenging projects
- Supportive team environment
- Professional development opportunities
$63,000 - $80,000 per annum, depending on experience
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