Pensions Administrator
2 weeks ago
Pensions Administrator
Location: Leicester
**Salary**: £24,000-£26,000 DOE
Hours: Full time, Monday to Friday 9-5:15pm with 1 hour lunch break
Permanent Vacancy
Are you an experience SIPP and/or SSAS pensions administrator, looking for a new challenge? Do you have exceptional mathematical skills? Would you like to have the opportunity to further develop your professional qualifications whilst in a permanent role? Ifso, this role is for you
Flowers Associates are currently recruiting for an experienced Pensions Administrator with a proven track record of dealing with high profile SIPP and/or SSAS clientele, excellent customer service skills and the ability to prioritise workflow, to join the SIPP/SSASAdministration Team of a Financial Services Company based in Leicester.
This reputable, supportive company offer the unique opportunity for the pensions administrator to study a range of Chartered Insurance Institute qualifications, paid for by the company with mentor support and additional time off for exams.
The Role:
To undertake all aspects of the administration for a portfolio of high-profile SIPP/SSAS Clientele.
The successful Pensions Administrator will be responsible for but not limited to the following duties:
- Manage and prioritise own workflow and outstanding tasks, whilst maintaining a full and efficient diary system
- Develop and maintain an understanding of current pensions legislation as well as compliance with HMRC, legislative and internal procedures
- Have an awareness of and be compliant with FCA regulations, Anti money laundering and Data protection issues
- Generate invoice requests and assist the accounts department with fee collection where necessary
- Maintain and update records regarding; member details, asset details, contribution details, transfer, and transactions details, etc
- Deal with contributions and tax refunds through standing orders for regular contributions, annual allowances, evidence of earnings, etc
- Purchase and sale of assets; banking of cheques, completion of cheque ledger, reconciliation of bank accounts, shares, property and borrowing, loan backs, etc
- Property purchase; single/joint/part purchase, feasibility study, borrowing calculations, liaising with solicitors and mortgage providers, etc
- Illustrations and Valuations; Annual valuation (SSAS), Statutory Money Purchase Illustration (SIPP), COBS 19.4 illustrations (SIPP)
- Transfers in and out - protected rights and no protected rights
- Benefits; retirement and death benefit calculations, lifetime allowance checks, pension reviews, etc
- Reporting; registering new schemes with HMRC (SSAS)
- Assist with collation of information for HMRC of the following: event reports, accounting for tax returns, pensions scheme returns, self-assessment tax return
- SSAS Deeds
- SIPP Deeds
- Scheme closure activities of transfers out of scheme, winding up scheme
- Pensions and divorce; pension sharing and earmarking
Employee Benefits:
- 4x death in service
- Holidays: 25 days plus bank holidays, increasing by 1 day after 3, 5, 7, 10 and 15 years, each year to max 30 days holiday
- Contribution to a group pension scheme of up to 6%
- Study package available
- Accessible via public transport and located within the City Centre
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