£ 11 Per hour
PENSIONS ADMINISTRATOR
Full Time
Job Description
- Conduct intricate calculations in accordance with the Local Government Pension Scheme Regulations for all Transfer Values, both incoming and outgoing, Preserved Benefits.
- Determine the pension contribution refund.
- Ensure that records of contributors and pensioners are created and kept up to date.
- Recognize and abide with statutory data protection legislation.
- Managing the Local Government Pension Plans, making sure that modifications and enhancements are carried out, and ensuring that the performance and standards outlined in policy and legislation are met.
- Responding to inquiries received by phone or mail by writing formal and informal letters and emails, and taking appropriate action.
- Help, as directed, with the Actuarial Valuation of the Pension Fund, which is done every three years.
- Complete any training related to this position that is deemed essential by the Pensions Group Leader after consulting with the post holder.
- Take part in team meetings.
Required Knowledge, Skills, and Abilities
- Educated to GCSE Grades A–C in Mathematics and English (or equivalent).
- Having performed necessary computations in a payroll or pension environment.
- A solid understanding of the rules and procedures governing the Local Government Pension Scheme.
- A proven practical understanding of the principles underlying pension administration systems (preferably AXISe or Altair).
- Must be able to demonstrate literacy and math abilities.
- Write clearly and effectively in order to communicate with all Local Government Pension Scheme participants.
Reference no: 101627