Pensions Specialist

Lorien; Greater London; Hybrid; GBP 40,000 - 64,000; Full time

Benefits offered by this job

Hybrid working

Umbrella payroll assignment

Job summary

Lorien in London is hiring a Pensions Specialist to provide operational pension support and contribute to a major pension transition project. The role focuses on monthly processing, data reconciliation, employee queries and annual pension activities across multiple group entities.

The candidate should have strong Defined Contribution pensions experience, excel and data analysis skills, and a solid understanding of pension taxation and payroll processes.

Qualifications

• Several years' experience within the Defined Contribution (DC) pensions industry.
• Strong practical knowledge of pensions administration and pension processes.
• Working knowledge of UK pension tax rules.
• Experience with pension contributions, payroll processes and data reconciliation.
• Excellent Microsoft Excel skills, including formulas, calculations, reconciliation and data manipulation.

Responsibilities

• Manage the monthly pension contribution process, including pre-commit and post-commit payroll activities across multiple Group entities.
• Complete pension file reconciliations, investigating and resolving data or contribution discrepancies.
• Liaise with Payroll, HR and pension providers to resolve queries and implement required updates.
• Manage simple and complex pension queries from employees and former employees via pension and HR support channels.
• Support annual pension activities including pensionable salary reviews, annual data renewals and bonus waiver processes, covering calculations, communications and provider payments.
• Provide additional operational support during high-volume and business-critical pension periods.
• Support the pension transition project, taking ownership of the Data Workstream and working with the payroll provider to reconfigure pension reports.
• Coordinate the testing and rollout of pension reporting across seven Group companies.
• Review pension data and reports, identify issues and coordinate resolution with relevant stakeholders.
• Maintain and update pension procedures, controls and internal documentation following transition activities.

Skills

DC pensions experience

Pensions administration

Data reconciliation

Payroll knowledge

Excel skills

Data analysis

Stakeholder management

Pension reporting

Tools

Microsoft Excel

Job description

Pensions Specialist
Hybrid Working - London - 2/3 days a week on site.
Financial Services
Lorien's leading banking client is looking for a Pensions Specialist to provide operational pension support while contributing to a key pension transition project. The role will cover monthly pension processing, data reconciliation, employee queries, annual pension activities and transition-related data work across multiple Group entities.
The successful candidate will have strong Defined Contribution (DC) pensions experience, excellent Excel and data analysis skills, and a good understanding of pension taxation and payroll processes.
This role is based in London.
This role will be Via Umbrella.
Working in a Hybrid Model of 2/3 days a week on site.

Key Responsibilities

• Manage the monthly pension contribution process, including pre-commit and post-commit payroll activities across multiple Group entities.
• Complete pension file reconciliations, investigating and resolving data or contribution discrepancies.
• Liaise with Payroll, HR and pension providers to resolve queries and implement required updates.
• Manage simple and complex pension queries from employees and former employees via pension and HR support channels.
• Support annual pension activities including pensionable salary reviews, annual data renewals and bonus waiver processes, covering calculations, communications and provider payments.
• Provide additional operational support during high-volume and business-critical pension periods.
• Support the pension transition project, taking ownership of the Data Workstream and working with the payroll provider to reconfigure pension reports.
• Coordinate the testing and rollout of pension reporting across seven Group companies.
• Review pension data and reports, identify issues and coordinate resolution with relevant stakeholders.
• Maintain and update pension procedures, controls and internal documentation following transition activities.

Essential Experience & Skills

• Several years' experience within the Defined Contribution (DC) pensions industry.
• Strong practical knowledge of pensions administration and pension processes.
• Working knowledge of UK pension tax rules.
• Experience with pension contributions, payroll processes and data reconciliation.
• Excellent Microsoft Excel skills, including formulas, calculations, reconciliation and data manipulation.
• Strong data analysis and problem-solving capabilities with excellent attention to detail.
• Ability to investigate and resolve both straightforward and complex pension queries.
• Strong stakeholder management skills, with experience working across Payroll, HR, pension providers and wider business teams.
• Ability to manage BAU pension activities alongside transition/project deliverables in a fast-paced environment.

IND_PC3

Guidant, Carbon60, Lorien & SRG - The Vertage Group Portfolio are acting as an Employment Business in relation to this vacancy.