The vacancy
Role Purpose
To assist in the reconciliation of GMPs.
Key Accountabilities
Working closely with the administration teams, you will be actively involved in all aspects of GMP reconciliation and equalisation work.
You will have a background in GMP reconciliation and/or scheme administration and will possess a keen eye for detail. You will have a methodical and logical approach to your work and possess project management skills, which will enable you to control the process and deliver accurate and efficient results.
You will be adept at performing pension scheme calculations, and also have the following experience:
• An understanding of the GMP Reconciliation process in terms of how it works and what it aims to achieve
• An understanding of how to use HMRC’s Shared Workspace tool
• An understanding of how a GMP is formed and the various revaluations attached to a GMP
• A good understanding of Excel
As part of any rectification/equalisation work agreed with clients and as directed by managers.
• Maintaining membership records on the administration system
• Calculating benefits for members
• Dealing with queries from members, the employer and the trustees by telephone, email and letter
• Liaise with HM Revenue and Customs
• Sorting and filing client documentation
• To ensure that all work that leaves the team is of a high standard
• To attend Trustee meetings and other client meetings as required
To adhere at all times to the Trust-Based Pensions Administration Procedures Manual
To monitor target dates on the work log system to ensure service level standards are met for clients
To update time records on the work log system and/or other system on a daily basis
To be flexible and provide such other support as would be reasonably expected within the role
Technical Knowledge and Professional Qualifications
Key Skills
• Good communication skills both verbal and written
• Ability to work on own as well as a member of a team
• Analytical and numerical ability – able to analyse, evaluate and interpret data
• Ability to multi-task
• Ability to prioritise workloads and deal with any urgent issues that arise
• Experience of supervising and mentoring junior staff
• Delegation skills – able to distribute work to others
• Ability to identify solutions
Required
• Educated to A Level standard (or equivalent)
• GMP and/or pension scheme administration
Overarching Obligations
• Achieve a good standard of ethical behaviour
• Comply with the firm’s Treating Customers Fairly principles
• Comply with the firm’s regulatory obligations (as set out in the current Compliance Manual or bulletins issued from time to time)
• Engage and deal with other parties subject to appropriate standards and in compliance with the requirements of The Bribery Act 2010