Senior Pensions Administrator - Scheme Events

at  XPS Pensions Group

REF: REQ002748

XPS Group is a leading UK consulting and administration business specialising in the pensions and insurance sectors. At XPS, our vision is to create a vibrant place to work where difference is recognised as a strength and where talented people can flourish and achieve their highest potential.
Our Pensions Administration business continues to grow and we are now looking for an experienced Senior Pensions Administrator - Scheme Events to join our vibrant Middlesbrough office with hybrid working. This is an exciting role and would most likely suit someone with previous experience in Defined Benefit (DB) pension administration, able to perform manual calculations and able to check the work of less experienced pensions administrators.
A FTSE 250 company, XPS combines expertise and insight with advanced technology and analytics to address the needs of over 1,400 pension schemes and their sponsoring employers on an ongoing and project basis. We undertake pensions administration for over one million members and provide advisory services to schemes and corporate sponsors in respect of schemes of all sizes, including 88 with assets over £1bn. We also provide wider ranging support to insurance companies in the life and bulk annuities sector.
Our people drive our success and as an XPS employee you can bring your whole self to work - Everyone is treated equally and with respect. We will provide you with the support and training you need to grow and be at your very best. It’s about inclusion and diversity, ensuring all our people feel included, that they belong to XPS and that they’re happy. Above all, it’s about ensuring everyone has a voice and feels valued. Because they are.

THE SUCCESSFUL CANDIDATE WILL NEED TO DEMONSTRATE THE FOLLOWING REQUIREMENTS:

• Right to Work confirmation
• DBS Disclosure check
• Employment or educational references covering five years
• Satisfactory credit check

As a Senior Pensions Administrator - Scheme Events with XPS you will:

• Annual pension increase exercises for schemes supported by the team
• Production of annual benefit statements, Pension Savings Statements and SMPI statements (as required)
• Production of wake-up comms to members approaching NRA or over NRA
• Create mail-merges, arrange dispatch/uploading of statements and letters to member portal
• Complete Scheme Returns for each scheme, liaise with actuarial and investment colleagues as appropriate and clients
• Complete Annual Event reports for each scheme / quarterly AFTs - arrange payment of tax
• GMPe testing of calculations / GMPr etc.
• Production of quarterly administration/stewardship reports
• Tracing (annual/quarterly/monthly) - supporting the admin teams and working with the Tracing team
• Assist production of benefit specifications for buy-in/buy-out work
• Bespoke project work as directed by Team Leader/Manager
• Complex calculations / checking and authorising cases - supporting admin on some individual cases
• Checking and authorising other team members’ work
• Understanding and application of benefit structures, Trust Deed & Rules, current pensions legislation, PSO and Disclosure requirements
• Liaison with Client, Scheme Actuary, Consultants, Providers, Pension Payroll Members and third parties
• Provision of technical information both verbally and in writing
• Compliance with ISO and AAF accreditations
• Completing updates to the database to ensure that records are accurately maintained / data cleansing
• Dealing confidently with member enquiries by phone, email, and letter (where required)
• Providing general support to the Administration team/manager
• Ensuring that work is prioritised correctly so that target dates are met
• Training of other team members and assisting less experienced team members where/as required.