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Our client is looking for a Pensions and Insurance Administrator (3 months)
Client Details
A leader in their field
Description
Reporting to the Group Pensions, Risk & Insurance Manager, the Pensions & Insurance Administrator (or Co-ordinator?) plays a pivotal role in ensuring that a full pro-active, professional and confidential pensions and insurance advisory service is provided to our employees.
Key duties will include providing an effective administration service for the Forth Ports Group Defined Benefit Pension Scheme and the Defined Contribution Plan. This will involve the calculation and payment of member benefits and processing of leavers and deaths in accordance with the Scheme Rules. For the Defined Contribution Plan, there will be responsibility for ensuring the timely processing of new joiners and any ongoing administration
Maintain and update member records on the Mantle system and process member events, including retirements, deaths, early leavers, transfers out and illustrative quotations.
Ensure Defined Benefit member data is accurate to meet the following statutory obligations;
o Triennial Valuation and Actuarial Reporting
o IAS19 Accountancy disclosures
o Scheme Accounts
Ensure DB and DC member data is accurate to meet Group Life data requirements and monthly contribution audits.
Assist with the preparation of the monthly pension payroll.
Respond to and resolve member queries promptly and efficiently.
Arrange for annual tasks to be completed within agreed timescales, including;
o Member benefit statements
o Annual pension increases
o Circulation of P60's
o Salary and contribution uploads
- Liaise with the Group Pensions, Risk & Insurance Manager on an ongoing basis to meet member, Trustee and legal requirements.
Profile
Demonstrated pensions and insurance administration experience, ideally with a relevant recognised qualification.
Sound working knowledge of Pension Scheme Rules and legislative requirements.
Excellent numeracy and IT skills, including excel and MS Suite.
Ability to work effectively within a team environment to meet set deadlines.
Previous experience working with the Mantle Pensions Administration system would be advantageous.
Additional Information
Job Offer
A competitive salary and great working environment
