Principal Pensions Administrator

TN United Kingdom; Ipswich; On-site; GBP 40,000 - 70,000; Full time

Job summary

An established industry player is seeking a Principal Pensions Administrator to oversee a diverse portfolio of pension schemes. In this pivotal role, you will ensure accuracy in pension administration while supporting and training a dedicated team. Your expertise in DB and DC schemes will be vital as you manage payrolls, handle complex queries, and contribute to client meetings. With a strong emphasis on analytical skills and effective communication, this position offers a rewarding opportunity to make a significant impact in a collaborative environment. Join a forward-thinking company that values your contributions and provides ample career growth opportunities.

Benefits

25 days holiday plus bank holidays

Defined contribution pension scheme

Life insurance (4x basic salary)

Health cash plan or Private medical insurance

Discounted gym membership

Employee Stock Purchase plan

Volunteering days

Season ticket loan

Access to a discounted voucher portal

Emergency back-up family care

Qualifications

• 5+ years of experience in pension scheme administration.
• Strong analytical skills and ability to explain complex calculations.
• Proficient in data processing and Microsoft Office.

Responsibilities

• Administer a portfolio of occupational pension schemes accurately.
• Supervise and train pensions administrators and manage payrolls.
• Liaise with scheme members and prepare client reports.

Skills

DB/DC pension scheme administration

Analytical skills

Data processing

Communication skills

Team management

Education

Pension Management Institute’s CPC qualification

Tools

Microsoft Office

Job description

Social network you want to login/join with:

Principal Pensions Administrator, Ipswich

col-narrow-left

Client:

Location:

Job Category:

Other

-

EU work permit required:

Yes

col-narrow-right

Job Reference:

82022c3fa03b

Job Views:

7

Posted:

26.04.2025

Expiry Date:

10.06.2025

col-wide

Job Description:

Overview

As a Principal Pensions Administrator, you will be a highly organized and detail-oriented individual responsible for administering a portfolio of occupational pension schemes, which may include Defined Benefit (DB), Defined Contribution (DC), and Hybrid pensions. Your role will ensure that all tasks and calculations are carried out accurately and promptly.

How you'll make an impact

• Allocate cases and perform both automated and manual calculations, ensuring accuracy.
• Draft and check correspondence and reports.
• Manage pensioner payrolls.
• Support the Client Executive team.
• Supervise and train pensions administrators and senior pensions administrators.
• Deputize for the Team Leader when required.
• Provide high-level service to each scheme member.
• Accurately and timely carry out and check pension administration tasks and calculations.
• Handle workload with consideration for peer review time.
• Liaise with scheme members via email, letter, or telephone.
• Prepare and check member correspondence and client reports.
• Manage cashflows, investments/disinvestments, and invoices.
• Handle or check non-standard client/member queries.
• Collaborate with team members and establish relationships with supporting teams.
• Provide support and training to team members.
• Assist the Team Leader and engage with team members throughout the day.
• Support the Client Executive team and attend client meetings or new business pitches if required.

About You

• Minimum of 5 years’ experience in DB/DC pension scheme administration.
• Achieved or studying towards the Pension Management Institute’s CPC qualification.
• Experience in management and/or mentoring of team members.
• Ability to explain complex calculations in simple terms.
• Strong analytical skills and logical problem-solving approach.
• Accurate data processing, collection, and input skills.
• Proficient in applying pensions knowledge and experience during peer reviews.
• Strong prioritization skills to meet deadlines and disclosure requirements.
• Excellent communication skills for handling queries and providing feedback.
• Effective teamwork capabilities.
• Proficiency in Microsoft Office.
• Eligible to work in the UK

#LI-TM2

Compensation and benefits

On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits. Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:

• Minimum of 25 days holiday, plus bank holidays, and the option to ‘buy’ extra days
• Defined contribution pension scheme, which Gallagher will also contribute to
• Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x
• Income protection, we’ll cover up to 50% of your annual income, with options to top up
• Health cash plan or Private medical insurance
• Other benefits include: Three fully paid volunteering days per year, Employee Stock Purchase plan, Share incentive plan, Critical illness cover, Discounted gym membership, Season ticket loan, Access to a discounted voucher portal, Emergency back-up family care, and many more…