Assistant Pensions Administrator

LGBT Great; Greater London; Hybrid; GBP 30,000 - 40,000; Full time

Job summary

A leading pensions administration firm in the UK seeks an Assistant Pensions Administrator to support a dynamic team. You will be involved in benefit calculations, client communication, and compliance in a diverse and inclusive environment. The ideal candidate will have a background in pension schemes and a commitment to personal development. Attractive benefits include hybrid working, professional study support, and comprehensive health benefits. Join us to make a positive impact in this rewarding role.

Benefits

Hybrid working

Professional study support

Life assurance

Private medical insurance

Discounted gym memberships

Volunteering opportunities

Competitive pension scheme

Qualifications

• Experience administering defined benefit pension schemes.
• Working towards gaining the Award in Pensions Essentials and Certificate in Pensions Calculations.

Responsibilities

• Conduct benefit calculations and follow relevant procedures.
• Communicate with members and manage compliance.
• Prepare annual bulk mailings and draft letters.

Skills

Organizational skills

Attention to detail

Ability to work in a team

Flexibility

Professionalism

Commitment to learning

Education

A level or equivalent

Job description

Assistant Pensions Administrator

At LCP we love what we do, and it shows. We help our clients make good decisions based on insightful analysis, industry expertise, and game-changing technology.

We have exciting opportunities to further your career development in pensions administration in our Winchester office.

Who are the department and what is the role?

By joining our pension's administration department you will be part of a team of committed professionals that gives their clients the best possible service. Each day is spent working on a number of clients leading to variety in the work that you will do. As you develop you will take on more responsibility for the clients that you work on which will give you a real sense of client ownership and individual growth as you learn more about pensions in general, fully supported with a comprehensive training programme and professional qualifications support

What will you be doing?

• Benefit calculations, either by a manual calculation, using a proforma and by using the relevant pension's administration system calculation routine
• Working through relevant checklists for each individual case and following procedures
• Understanding that appropriate authorisation is required before releasing information
• Preparing bulk mailings of annual newsletters, pension increases etc.
• Communicating with members and other third parties
• Gaining and applying knowledge of clients through day to day work, speaking with colleagues and partners and referring to the scheme's administration guide and specific notes
• Being aware of what is scheme specific and not necessarily applicable for all schemes
• Ensuring compliance with LCP procedures when completing cases
• Keeping up to date with changes in legislation
• Understanding preservation, statutory increases, contracting-out (including GMPs) and the current pensions tax regime
• Drafting non-standard letters where required
• Recognising non-standard cases (e.g. part-timers)
• Showing awareness of the General Data Protection Regulations and applying these at all times
• And much more!

What skills, experience, and qualities do you need for this role?

• Educated to 'A' level, degree level or equivalent
• Experience with administering DB (defined benefit) pension schemes
• Working towards/undertaking the relevant training courses and subsequent exams in order to gain the Award in Pensions Essentials (APE) and the Certificate in Pensions Calculations (CPC)
• Excellent organisational and attention to detail skills
• The ability to work on your own and also as part of a larger team
• A high standard of professionalism at all times
• Flexibility of hours worked/duties undertaken
• Committed and keen to learn

What’s in it for you?

Take a look at our and Career stories pages to see why our people love being here! As well as joining a multi-award winning, fun, collaborative, people first organisation where your personal and professional skills will be developed to make you the best you can be, we offer an attractive benefits package designed to promote your overall wellbeing so that you are able to perform to your full potential both in and out of work. Currently our core benefits package includes:

For you:

• Hybrid working (varies by role and department)
• professional study support (where applicable)
• Access to our internal Wellbeing, LGBTQ+, Multicultural and Women’s networks

For your family:

• Life assurance, income protection, enhanced maternity/paternity/adoption and shared parental leave

For your health:

• 26 days annual leave (pro-rata for part-time working) plus bank holidays (most of which can be taken flexibly!) with options to buy &sell holiday
• Private medical insurance
• Discounted gym memberships, critical illness and dental insurance through our flexible benefits
• Eye care vouchers
• Cycle to work scheme
• Digital GP services

For your wealth:

• Competitive pension scheme
• Discretionary bonus scheme
• High street discounts
• Season ticket loans

For others:

• Volunteering opportunities

For the environment:

• Electric vehicle salary sacrifice scheme (qualifying period applies)

And much more!

We continuously strive to build an inclusive workplace where all forms of diversity are valued, including age, background, disability, gender, gender identity, gender expression, race, religion or sexual orientation.

LCP is committed to making our opportunities accessible to all and would welcome you getting in touch to let us know if an adjustment can be made to help with your application. This may be extra time for assessments, pre-interview site visits, interview structure or questions, or asking us about building accessibility.