Pension Administrator - PPF

Salary Description:
Competitive + Benefits
Location Description:
Liverpool
Job Role:
Pensions Administrator
Employment Type:
Full-time
Contract Type:
Permanent
Application Deadline:
Unspecified
Posted:
20th December 2021
Recruiter:
Barnett Waddingham
Job Ref:
UK-Liverpool

We are proud to be a leading independent UK consultancy at the forefront of risk, pensions, investment and insurance. We aim to continue our growth by recruiting talented and committed individuals that have the desire to learn and develop. We strive to employ staff who share our values and can bring special skills - enhancing the service that we provide to our clients. 

The services are provided from all of our UK offices and include: 
  • Benefit administration 
  • Pensioner payroll 
  • Administration consulting services 
  • Scheme governance and trustee secretarial 
  • Bespoke one off projects 
  • Cash handling and preparing draft accounts 
  • PPF assessment administration services 
  • Data audits and data cleansing 
  • Specialist roles (secondments, expert witness) 
  • Support for trustees and in-house personnel 
Due to continued business growth and an internal transfer, we are inviting applications for Trainee Pension Administrators to experienced Pension Administrators to join an established PPF team in Liverpool. This role reports into a Pension Administration Team Leader. This is a full-time permanent position and offers the option of home-working via WorkSmart. 

Responsibilities 

As a Pension Administrator PPF (Level F), you will: 
  • Prepare computer generated benefit calculations and related correspondence 
  • Maintain the member database; prepare computer generated benefit calculations and related correspondence
  • Have a basic understanding of how the PPF operates (PPF Level 1 Administrator only) 
  • Communicate with clients, their members and advisers 
  • Carry out cash handling functions for client pension and related arrangements, liaising with bank and investment managers as appropriate 
  • Process client pensioner payrolls, including calculation of net pay, arranging payments, liaison with tax offices and preparation of year end returns Liaise with authorities including DWP, HMRC, The Pensions Regulator and the Information Commissioner 
  • Read and understand documentation relating to each scheme, for example booklets 
  • Prepare manual calculations to develop an understanding of pensions 
  • Carry out member activities in line with agreed service levels 
  • Assist with project based work, as agreed 
  • Develop a clear understanding of how the PPF operates and the nature and type of compensation payments (specific for PPF Administration) 
  • Develop an understanding of the urgency involved in working on PPF schemes and the need for a rapid turnaround of work (specific for PPF Administration) 
  • Support, implement and maintain Information Security procedures and activities in accordance to Barnett Waddingham’s Information Security Policy, and other Barnett Waddingham accreditations and awards 
The above is intended to describe the general nature and responsibilities of the role and is not intended to be an exhaustive list of all duties or responsibilities of employees in this role 

We offer extensive support and full, ongoing training across pensions administration.

Experience/Qualifications 
  • An aptitude for Maths is desired and attention to detail is required 
  • Educated to Maths and English GCSE level or equivalent 
  • A good understanding of Microsoft Office programmes, in particular Excel, Word and Outlook as you will be working with spreadsheets, documents and producing calculations 
  • A willingness to make progress towards further professional qualifications is desirable. We offer full support, training and funding. 
  • Experience of working in an office within a team environment is beneficial 
  • Relevant Financial Services experience or a background in DC or DB pension administration would be an advantage however is not essential) 
Key Deliverables (Objectives) 
  • Client satisfaction 
  • Keen to develop new skills and enjoy a challenge 
  • Willingness to work towards a professional qualification 
  • Build strong and effective client and team working relationships  
Core & Flexible Benefits: 
  • Competitive discretionary annual bonus
  • Core benefits paid for by BW including life assurance, group income protection, private medical cover and 25 days holiday per year with holiday trading 
  • A generous pension scheme where we contribute 8% of your salary from day one of your employment
  • Employee Assistance Programme to support you and your family through any concerns or challenges you may experience 
  • A comprehensive range of voluntary benefits to suit your life stage and lifestyle including a tech scheme, cycle to work scheme, dental cover, healthcare cash plan, health assessments, critical illness cover, extension of private medical cover or life assurance to family members, gym membership, travel insurance and a broad range of discounts at hundreds of retailers including supermarkets, fitness centres, travel and leisure companies 
  • Fresh fruit, hot and cold drinks provided free of charge in all of our offices  

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