Senior Pensions Administrator

XPS Pensions; Reading; Hybrid; GBP 30,000 - 50,000; Full time

Job summary

An established industry player is seeking a Senior Pensions Administrator to join their dynamic team in Reading. This exciting opportunity involves overseeing the administration of Defined Contribution pension schemes and ensuring compliance with current legislation. The role requires strong analytical skills, effective communication, and the ability to mentor junior colleagues. With a commitment to creating an inclusive workplace, this firm offers a supportive environment where you can thrive and develop your career. If you are passionate about pensions and ready to take on new challenges, this could be the perfect fit for you.

Benefits

Competitive salary

Annual discretionary Bonus Scheme

25 days holiday plus flexibility

Flexible Bank holidays

Pension scheme with matching contributions

Healthcare cash plan

Life Assurance cover

XPS Rewards for discounts

Employee Assistance Programme

Paid volunteering day

Qualifications

• Experience in Defined Contribution schemes and current pensions legislation.
• Ability to perform complex calculations and mentor junior staff.

Responsibilities

• Oversee pensions administration tasks and ensure compliance with legislation.
• Handle complex queries and maintain client-focused relationships.

Skills

Pensions Administration

Complex Calculations

Client Communication

Problem Solving

Interpersonal Skills

Organizational Skills

Self-Motivation

Education

Maths and English GCSE grade 4/C or equivalent

Tools

Microsoft Word

Microsoft Excel

Microsoft Outlook

OpenAir

Job description

This job is brought to you by Jobs/Redefined, the UK's leading over-50s age inclusive jobs board.

Senior Pensions Administrator

Consultant Level

Reading

Hybrid

Full Time

Permanent

Ref: REQ002762

XPS Group is a leading UK consulting and administration business specialising in the pensions and insurance sectors. At XPS, our vision is to create a vibrant place to work where difference is recognised as a strength and where talented people can flourish and achieve their highest potential.

Our Pensions Administration business continues to grow and we are now looking for an experienced Senior Pensions Administrator to join our vibrant Reading office with hybrid working. This is an exciting role and would most likely suit someone with previous experience in Defined Contribution (DC) pension administration, able to perform manual calculations and able to check the work of less experienced pensions administrators.

The Role

As a Senior Pensions Administrator with XPS you will:

• Adhere to best practice procedures in all aspects of pensions administration related tasks as defined by the Company.
• Maintain a client-focused approach, able to develop trusting and credible partnerships with clients both face to face and via the telephone.
• Oversee the management of monthly and annual processes on the team, ensuring processes are fully monitored and completed in line with customer and legislation requirements.
• Monitor accuracy, performance, and SLAs for the team, including activity and client performances, and take action to ensure targets are met.
• Ensure standard documentation is scheme specific and incorporate them into existing procedures.
• Where appropriate, participate in client meetings.
• Handle complex pensions queries.
• Sign out non-standard letters in response to client and member queries.
• Update relevant pension administration databases and systems.
• Perform manual benefits calculations.
• Help identify any training needs across the team and assist with developing and mentoring team members.
• Support, motivate and coach colleagues to the benefit of the team and wider Company.
• Manage ad hoc projects and exercises.
• Act as a key member of the pensions administration team, providing support to the assigned team leader.
• Monitor, delegate and coordinate workflow, reporting regularly to team leader on progress and issue management.
• Seek ways of innovating and improving quality, service delivery and efficiencies in processes and procedures.
• Provide expert advice solutions to pensions queries and pensions consultative advice; keeping abreast of technical and legislative developments within the pensions industry, and providing technical support to more junior staff.
• Work closely with other departments/teams both internal and external to the Company in order to provide a total service to our clients.
• Ensure the accurate updating of time recording system (OpenAir) for both chargeable and non-chargeable activities and meet required utilisation targets.

Your profile

Essential Criteria

• Previous pensions administration experience of Defined Contribution (DC) schemes including leavers, final salary, retirements, deaths, transfers in and transfers out.
• Experience of current pensions legislation and framework.
• Able to perform complex calculations and check the work of junior colleagues.
• IT proficient, in particular Microsoft Word, Excel & Outlook.
• Maths and English GCSE grade 4/C or equivalent.
• Confident communicator and problem solver.
• Self-motivated and enthusiastic approach to work, in particular taking responsibility for personal and technical continuous professional development.
• An eagerness to take on responsibility and adopt a flexible approach when work pressures are high.
• Able to see projects/tasks through to completion within given timescales.
• Great interpersonal and organisational skills.

What we offer:

• Competitive salary
• Participation in annual discretionary Bonus Scheme
• 25 days holiday plus flexibility to buy or sell holiday
• Flexible Bank holidays
• Pension scheme, matching contribution structure
• Healthcare cash plan
• Flexible Benefits Scheme to support you in and out of work
• Life Assurance cover, four times basic salary
• XPS Rewards (offers High Street discounts and savings from retailers and services providers)
• Employee Assistance Programme for you and your household
• Access to a digital GP service
• Paid volunteering day when participating in Company organised events
• Staff referral scheme when you introduce a friend to XPS

What next:

If you feel XPS could be the next step on your career ladder, please apply directly via the links provided. We will consider all applicants and respond swiftly.

Please discuss with the recruitment team, via phone or email, if you require any adjustments to the recruitment process.

The successful candidate will need to demonstrate the following requirements:

• Right to Work confirmation
• DBS Disclosure check
• Employment or educational references covering five years
• Satisfactory credit check

We continuously strive to build an inclusive workplace where all forms of diversity are valued.

Please note we reserve the right to close our vacancies early and we only accept CVs direct from candidates or our preferred supplier list.