Pensions Administrator
Salary: £25,000 - £30,000
Location: Godalming
Hours: Monday to Friday, 09:00am till 5:30pm
Our client is seeking a Pensions Administrator to join their growing team. This role involves providing comprehensive administrative support for pension schemes, ensuring compliance with regulations, maintaining accurate records, and assisting consultants in delivering exceptional service to clients.
Key Responsibilities:
Preparing and processing pension scheme documentation, including scheme establishment and regulatory submissions.
Managing scheme reviews, ensuring all necessary documentation is up to date and compliant.
Handling transfer values, tax reclaims, and investment transactions efficiently.
Maintaining accurate and up-to-date database records, ensuring all data is correctly entered and monitored.
Assisting with retirement processes, including pension calculations, benefit statements, and payment of lump sums or pensions.
Liaising with consultants, trustees, accountants, and regulatory bodies to facilitate smooth pension administration.
Ensuring compliance with Inland Revenue requirements, including the reporting of PSO transactions and VAT submissions.
Assisting consultants with investment research and obtaining quotations for pension-related investments.
Supporting clients by providing regular scheme updates and reminders regarding contributions and compliance.
Drafting and reviewing pension scheme reports, trustee documentation, and actuarial reports in line with industry standards.
Handling queries from clients and stakeholders regarding pension scheme administration and regulations.
Requirements:
Previous experience in pensions administration or financial services, ideally within SSAS, SIPP, or occupational pensions.
Strong organisational and numerical skills with excellent attention to detail.
Ability to manage multiple tasks and meet strict deadlines in a fast-paced environment.
Strong communication skills, both written and verbal, to liaise effectively with stakeholders.
Proficiency in Microsoft Office, particularly Excel and Word, for data management and reporting.
Knowledge of pension regulations and Inland Revenue requirements is desirable