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Pensions Benefits Specialist

2 months ago

south yorkshire, United Kingdom NET Recruit Full time

Short Description A successful business is seeking a Pensions Benefits Specialist to join the team in the South Yorkshire area


Full Job Description

Your Company:

The team at NET Recruit are delighted to be partnering with a nationally recognised business to support their search for a Pensions Benefits Specialist, with exposure to final salary pensions , to join their team in the South Yorkshire area. Wielding decades of success and a good strong business strategy and ethos, this business is experiencing a period of growth across many of their business functions, resulting in an increased level of members in their pensions schemes.


The position holder will be joining a growing and bustling team of pensions specialists, whose responsibility it is to support the administration of the pension scheme and service centre by ensuring that the business and pensions processes conform to the specifications required and seek for opportunities of continuous improvement to strengthen the offering. This role will handle final salary pensions and therefore applicants MUST have experience with this.


Your Role & Responsibilities:

While in this position your duties may include but are not limited to:

  • Handling compliance tests for the Pension Service Centre's business processes, ensuring these conform with specifications
  • Supporting the team to action any highlighted areas that need improvement through the compliance testing
  • Providing support to the de-risking and wider teams to develop solutions for pension benefits, record keeping and administration, with the aim of enabling post-migration calculation and payment of residual benefits
  • Rectifying any benefits as the need arises and creating communication to members for trustee reviews and sign off as these occur
  • Relaying important information to the team members working on the helpline to ensure they can communicate with members and resolve queries accurately


What you will need to Apply:

For this position, applicants must have a background working in and administering final salary pensions , UK DB Pension Schemes and CARE Benefits, as well as experience in handling, extracting and presenting data relating to pension schemes. Additionally, all applicants should have a relevant PMI qualification such as APE, QPA, CPSMG or be in possession of other similar finance or payroll qualifications. Excellent communication, both written and verbal isn't a requirement, alongside a diligent approach to work and be able to handle large volumes of data appropriately.


What you will get in Return:

For the successful candidate, a starting salary in the region of £42,000 is available, depending on qualifications and experience held by the individual. Alongside this, there will be an excellent benefits package including a plethora of incentives and rewards such as a strong holiday allocation, pension contribution, health and dental options, share schemes and also discounts and offers on various businesses and products.


The company are serious about supporting the development of their workers and as such will work collaboratively with the successful candidate to build a strong career progression plan through the business, with attainable targets and access to fantastic resources in order to widen the job holders skills and knowledge relevant to the role.