At Tesco, we believe in the power of spending more time together, face to face, than apart. So, during your working week, you can expect to spend 60% of your time in one of our office locations or local sites and the rest remotely. We also recognise that life looks a little different for each of us. Some people are at the start of their careers, some want the freedom to do the things they love. Others are going through life-changing moments like becoming a carer, nearing retirement, adapting to parenthood, or something else. That’s why at Tesco, we always welcome a conversation about flexible working. So, talk to us throughout your application about how we can support.
You will be responsible for supporting the Administration team in delivering technical administration cases and calculations across a defined Benefit Scheme
You will be responsible for:
Completing calculations and managing correspondence for members ensuring that they are completed within SLA.
Completing calculations and managing correspondence for high earners including legislative controls for protection.
Completing QA checks on colleague communications from a pension technical and legislative perspective.
Updating and reconciling of worklists to ensure compliance.
Reviewing transfer cases ensuring compliance with regulations.
Responding to email correspondence and management of team email inboxes.
Assisting auditors with any queries they may have during the annual audit.
Completing and reviewing complex member calculations ensuring all calculation SLA's are maintained.
Reviewing complaint/Historic pension transfer cases Authorisation of daily payments.
Supporting all processes to maintain compliance and minimise escalations and complaints.
Providing support and testing for cyclic projects and key projects.
Supporting the team in PMI exams Taking the initiative to improve processes and drive efficiency.
You will need:
Experience within DB Pension Scheme administration
Experience either in-house or Third Party
Administration experience of technical benefit calculations
Up to date knowledge of UK Pensions legislation
Prioritisation and time management
Communication skills - written and verbal
Strong Team work ethic and willingness to help
To be highly motivated and keen to learn
To be highly numerate and analytical
UK Pension Scheme knowledge
Microsoft Office knowledge (Excel, Word, Powerpoint, Access)
#LI-FC
#LI-Hybrid
What's in it for you:
We’re all about the little helps. That’s why we make sure our Tesco colleague benefits package takes care of you – both in and out of work. Click Here to find out more!
Annual bonus scheme of up to 10% of base salary
Holiday starting at 25 days plus a personal day (plus Bank holidays)
26 weeks maternity and adoption leave (after 1 years’ service) at full pay, followed by 13 weeks of Statutory Maternity Pay or Statutory Adoption Pay, we also offer 6 weeks fully paid paternity leave
Free 24/7 virtual GP service, Employee Assistance Programme (EAP) for you and your family, free access to a range of experts to support your mental wellbeing
About us:
Our vision at Tesco is to become every customer's favourite way to shop, whether they are at home or out on the move. Our core purpose is 'Serving our customers, communities and planet a little better every day'. Serving means more than a transactional relationship with our customers. It means acting as a responsible and sustainable business for all stakeholders, for the communities we are part of and for the planet.
We are proud to have an inclusive culture at Tesco where everyone truly feels able to be themselves. At Tesco, we not only celebrate diversity, but recognise the value and opportunity it brings. We're committed to creating a workplace where differences are valued, and make sure that all colleagues are given the same opportunities. We're a big business with diverse working patterns and many business areas which means that we can find something that works for you. Everyone is welcome at Tesco.
We have recently announced that we will be moving towards a more blended working week – combining office and remote working. Our offices will continue to be where we connect, collaborate and innovate. Please talk to us to about how this can work for you.
NOTE: Should you be successful in your application, your offer will be subject to and conditional upon you providing your bank account details on your agreed start date.
We're proud to have been accredited Disability Confident Leader and we're committed to providing a fully inclusive and accessible recruitment process. For further information on the accessibility support we can offer, please visit https://www.tesco-careers.com/accessibility