Benefit Correction Specialist

Spectrum Brands; Leeds; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A leading recruitment firm is seeking a Benefit Correction Specialist based in Leeds. This role focuses on delivering benefit correction projects, initially emphasizing GMP-related tasks before expanding into broader projects. Candidates should have a Pensions background, preferably with project management experience. The position offers a competitive remuneration package, hybrid working, and comprehensive training support, making it suitable for those pursuing Actuarial qualifications.

Benefits

Competitive remuneration package

Private health insurance

25 days annual leave

Qualifications

• Experience of managing projects is desirable.
• Some knowledge of pensions administration systems is desirable.
• Knowledge of risk, quality, complaints breaches and procedure frameworks.

Responsibilities

• Support a range of clients, working directly with and reporting into Client Managers and Scheme Actuaries.
• Take ownership of processes and projects including data cleanse.
• Handle key aspects of projects from start to finish.
• Check and review correction calculations and assist with report production.
• Manage the process of GMP comparisons between Scheme and HMRC records.

Skills

Project management

Knowledge of pensions administration systems

Understanding of risk and quality frameworks

Job description

Overview

We are recruiting for a Benefit Correction Specialist based in one of our five offices. This role is centred around the delivery of benefit correction projects. Initially the focus will be on GMP related projects, before evolving into wider benefit project work overtime as the demand for specific GMP work reduces. This role is open to candidates who are taking the Actuarial exams and wish to continue to qualification, as well as those who no longer wish to continue sitting. Ideally you will have a Pensions background with a preference for more technical actuarial work.

Responsibilities

• Support a range of clients, working directly with and reporting into Client Managers and Scheme Actuaries
• Take ownership of processes and projects including data cleanse
• Handle key aspects of projects from start to finish, communicating with other teams to ensure a smooth handover at the point of implementation
• Check and review correction calculations and assist with the production of reports
• Manage the process of GMP comparisons between Scheme and HMRC records
• Review the GMP equalisation model
• Manage the implementation process for GMP equalisation and other pension correction exercises
• Prepare regular updates on progress
• Review client reports and discuss findings with client teams
• Draft and review reports
• Manage own workload and complete accurate timesheets

Qualifications

• Experience of managing projects is desirable
• Some knowledge of pensions administration systems is desirable
• Knowledge of risk, quality, complaints breaches and procedure frameworks

Benefits

• A competitive remuneration package, including bonus and profit‑sharing payments
• Private health insurance, life insurance and income protection insurance
• 25 days annual leave as standard, increasing with length of service, an extra day at Christmas, plus bank holidays and the option to purchase additional holidays
• A non‑contributory pension
• Full training and study support
• Hybrid working in place for colleagues who prefer home‑working for part of the week, flexible working day arrangements and accommodation of personal commitments