Senior Pensions Administrator

Salary Description:
Competitive + Benefits
Location Description:
Job Role:
Pensions Administrator, Pensions Consultant, Other
Employment Type:
Contract Type:
Application Deadline:
4th June 2019
2nd July 2019
XPS Pensions Group
Job Ref:

Job purpose summary

To provide an effective and efficient pensions administration service to XPS Administration clients, whilst participating in achieving team objectives and actively contributing to the overall objectives of the Company. 

Key responsibilities & accountabilities:

Performing all intermediary and complex pensions administration and project related tasks, including taking day to day responsibility for an assigned XPS Administration’s client portfolio. Key responsibilities include: 

  • Managing day-to-day activities of staff to ensure efficient and effective delivery of client work to agreed deadlines to comply with legislative and clients’ requirements
  • Acting as a key member of the pensions administration team, providing support to the assigned administration manager and where applicable, deputising for administration manager when absent
  • Day to day management of client relationships with trustees, scheme members and corporate clients, acting as first point of contact where applicable, taking a proactive stance to gain an extensive knowledge of their assigned client portfolio
  • Project managing annual projects such as renewals, benefit statements, life assurance, PHI and pension increases.
  • Ensuring standard documentation is scheme specific, and incorporating them into existing procedures
  • Preparing for and where appropriate participating in trustee meetings
  • Handling complex pensions queries and pensions consultative advice
  • Performing complex manual benefits calculations
  • Producing ad-hoc and standard letters to ‘final letter standards’ in response to customer queries
  • Managing ad-hoc projects and exercises, e.g. bulk mailshots to scheme members
  • Updating relevant pensions administration databases and systems
  • Maintaining scheme control files
  • Monitoring, delegating and co-ordinating workflow, reporting regularly to administration manager on progress and issue management
  • Monitoring on going procedural developments and implementing changes to procedures where required
  • Checking of work completed by more junior staff at associate and associate II levels, including calculations, correspondence, reports and data updates
  • Informal training and mentoring of more junior members of the team
  • Assisting in appraisals and the recruitment process where required, as well as supporting administration manager in general HR, induction and performance issues
  • Contributing to technical sub-committees (TSC) and technical administration discussions
  • Providing possible assistance to the administration manager in the billing process
  • Keeping abreast of technical and legislative developments within the pensions industry
  • Working closely with other departments/teams both internal and external to the Company in order to provide a total service to our clients. E.g. Pensions Accounts, Payroll, Administration Support and ITM (3rd party IT software provider)
  • Ensuring the accurate updating of time recording system (Virtual Office) for both chargeable and nonchargeable activities and meeting required utilisation targets and assisting administration manager in ensuring more junior staff record chargeable hours correctly
Knowledge & experience:
  • Able to demonstrate a thorough knowledge of pensions administration activities and can apply this knowledge to any scheme
  • Previous pensions administration experience of Defined Benefit (DB) and Defined Contributions (DC) schemes (depending on the role, experience of DB/DC may differ subject to team requirements) including leavers, retirements, deaths, transfers in, transfers out, monthly processing and investment, benefit statements, renewals and pension increases. This role is likely to appeal to individuals with a minimum of 5 years’ experience although not exclusive as all applications will be considered on an individual basis
  • Experience of current pensions legislation and framework is essential, especially the regulatory requirements of the various Pensions and Finance Acts which impact on pensions administration
  • Experience of checking and mentoring more junior members of staff is required
  • Third party pensions administration experience preferred, although strong all round experience within an in house pensions department, which is not purely process driven will be considered
  • Previous presentational experience would be of distinct advantage to assist with client meetings and new business development activities
  • Able to demonstrate a numerical aptitude evidenced by work related experience or academic achievements as listed below
  • Previous project management experience would be required to perform pension administration project based work
  • IT proficient, in particular Microsoft Word, Excel, Outlook & PowerPoint
Training, education & qualification:
  • Educated to a minimum of A Level or Degree or equivalent standard.
  • Ideally a minimum of three C grades or above at A Level or equivalent qualification.
  • Strong Maths and English GCSE or equivalent qualification - minimum grade B.
  • Significant progression within a relevant pensions qualification e.g. CPC/QPA/DPC/RPC/APMI (or applicants deemed ‘qualified by experience’ would be considered).
Skills, abilities & personal qualities: 
  • Willingness to learn and take on additional responsibilities
  • Able to listen and follow instructions, procedures and assimilate information quickly in a consistent and accurate manner. Equally comfortable in providing instructions to other members of the team to ensure consistent, accurate work is delivered
  • Involvement in informal mentoring and management of more junior staff
  • Effective interpersonal abilities, able to forge strong working relationships with colleagues and clients
  • A high degree of accuracy and attention to detail is required in order to perform their duties both numerical and written
  • Confident communicator, able to communicate effectively, professionally and concisely in writing, face to face and/or over the telephone.
  • Able to work as part of a multi-disciplined team
  • Good analytical skills
  • Able to recognise the need for a customer focused approach to their service delivery both in terms of quality and exceeding customer expectations
  • Able to delegate work priorities to less experienced staff and manage work flows to meet client and legal expectations
  • Forming successful professional relationships both internally and externally
  • Supports, motivates and coaches colleagues and shares knowledge to the benefit of the team
  • Continuing to augment technical pensions knowledge as well as keeping abreast of legislative changes and is seen as a source of advice to others
  • Continues to seek ways of improving quality, service delivery and efficiencies in processes and procedures
  • Well-developed project management skills - able to see projects/tasks from concept through to completion within given timescales

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