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2 months ago
Company Overview
Spence & Partners Limited is a leading provider of pension actuarial, consulting, investment consulting, and administration services. Our mission is to deliver simply smarter solutions for trustees, employers, and members.
Job Summary
We are seeking a highly skilled and experienced Senior Pensions Administrator to join our team. As a key member of our administration team, you will be responsible for managing and maintaining the administration aspects of defined benefit and defined contribution pension schemes on behalf of the scheme trustees.
Key Responsibilities
- Manage and maintain the administration aspects of defined benefit and defined contribution pension schemes.
- Act as point of contact for scheme members, scheme managers/trustees, and other third parties.
- Provide mentoring and peer review of less experienced administrators.
- Carry out all types of exercises, including winding up schemes and calculating members' pension benefits.
- Conduct forensic research for schemes and provide an excellent service to the members of our Schemes.
- Build a portfolio of clients and manage all transactions needed for their pension schemes.
- Provide clear and accurate information to members and beneficiaries.
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.
- Knowledge of systems, including Microsoft Office/Windows applications.
- Experience in managing ad-hoc and annual pension projects.
- Excellent communication skills, both written and oral.
- Ability to articulate and communicate current and relevant issues to scheme members, pension trustees, and other relevant third parties.
- Experience of working pro-actively and using own initiative to complete tasks.
- Ability to perform in a fast-moving environment and provide excellent service to clients and third parties.
Desirable Criteria
- Knowledge of and experience with GMP Reconciliation/Equalisation calculations.
- Practical knowledge of the Pension Protection Fund (PPF).
Company Culture
Our primary aim is to provide interesting, worthwhile, and healthy careers for all our people. We believe that this emphasis sets us apart from our competitors. Our ethos is an individual and collective commitment achieved through carefully balancing responsibility with freedom and flexibility, all of which is underpinned by a willingness to work interdependently.
