Final Salary Pensions Administrator
Bristol
£17,000 to £22,000
To undertake the routine administration tasks for a portfolio of client pension schemes efficiently, professionally and profitably.
- To meet the day-to-day administration needs of a portfolio of clients in an accurate and timely manner and in accordance with any agreed standards and procedures
- To ensure quality of output to all customers is technically correct at all times and meets corporate standards
- To ensure priorities are agreed as necessary, both internally and with the client, and deadlines met including service standards and disclosure requirements
- To build professional and friendly relationships with clients
- To process membership events from start to finish
- To accurately calculate and communicate pension scheme benefits having regard to the Scheme Rules, Inland Revenue and legislative requirements
- to put benefits into payment and complete statutory and other forms
-Deferred Pension.
-Retirement (Normal, Early, Ill Health, Late) from active and preserved status.
-Death (Active, Preserved, Pensioner).
-Transfers in and out.
-Pension Increases - To carry out monthly collection, processing and prompt investment of contributions and payment of group life premiums
- To carry out all year end procedures, processing renewals, producing annual benefit statements
- To produce data extracts for valuation, life assurance and other purposes
- To maintain work control systems and accurate client database with correct checks and reconciliations; producing and updating records accurately for new entrants, exits and status changes, miscellaneous amendments, renewal updates and validations, pensioner amendments
- To ensure risk benefit underwriting procedures are met
- To provide input / take part in any initiatives or projects by the business, including installation of new clients
- To attend to telephone and written queries on own initiative
- To identify problems or deficiencies in documentation, bases or data and refer to senior colleagues
- To ensure that all reporting requirements are met in relation to relevant schemes