Defined Benefits

3 weeks ago

London, United Kingdom Eaglecliff Recruitment Full time
Job Description

Exciting opportunity for a Defined Benefits - Senior Pensions Administrator to join this global Energy company.
This is an exciting time to be joining this world-leading company as they transform themselves from a traditional Oil & Gas company into a leading name within the Renewables sector. This includes the creation of an already highly successful new Power Trading desk within the Energy Trading team as well as new ventures into various innovative solutions around the supply of Renewables including wind farms, electric vehicle charging, solar panel heating and battery storage. These innovative solutions provide opportunities for exceptionally highly talented individuals to contribute to the success of this transition where you will be working with some of the best people in the industry working on new and ground-breaking initiatives utilising the very latest technology.
Job Purpose:
To perform the day-to-day delivery of pensions administration activities across the companies and UK- linked pension arrangements supported by the UK Trustee Services Unit.
Accurately handle complex member queries
Provide support to colleagues in the UK TSU, primarily the other Senior Pensions
Administrators and to support the Operations Team Leader when required.
To work in conjunction with the team which is based in London and Krakow, to provide a complete service to the Trustee, the member and the Company for the administration of the pension schemes supported by the UK TSU.
The successful candidate will have a PMI pension administration qualification and advanced technical knowledge of defined benefit pension schemes and UK pensions legislation.
The company has four plans managed by the TSU administration team which have approximately 45,000 members with annual pension and other benefit payments of around £900 million a year and assets in excess of £18 billion.
The role will have accountability for the authorisation of payments to individuals of pension commencement lump sums up to £268,275 and transfer values up to £1.5 million.
Accountabilities:
Perform administration for complex and non-standard workflow process like retirement, divorce and transfer cases.
Answer complex member queries which have been escalated to the London team such as Lifetime and Annual Allowance queries, SSPP queries, complaints and queries which require in depth pension knowledge.
Provide back-up support to the other Senior Pension Administrators in their absence and allowing for flexibility with other work on these occasions.
Provide support to the Operational Team Leader in controlling outstanding cases and ensuring all cases are completed in line with legislation and service level agreements as determined by the Trustee.
Collaborating with the pension team in Krakow to provide an end-to-end service to the Trustee, the member and the Company for the administration of the pension schemes supported by the UK TSU.
This needs combining with a positive attitude and an ability to work within a large, globally dispersed project team in a multi-cultural environment. You also need to be a self-starter, a logical thinker and a quick learner, with strong initiative and excellent communication, interpersonal and presentation skills, able to write clearly and concisely.
We believe in equality of opportunity for all job applicants regardless of gender, marital status, race, colour, nationality, ethnic origin, creed or religion, disability, sexual orientation or age. Specialising within Energy Trading, Oil & Gas, Financial Markets and TV & Entertainment, Eaglecliff Recruitment is ISO accredited, a Member of REC and listed within the top 4% for Financial stability by Dun & Bradstreet. Please telephone for an immediate response or email your CV for a reply within one hour. Eaglecliff Ltd is acting in the capacity of an employment agency for permanent recruitment and an employment business for contractor resourcing

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