Senior Pensions Administration Support

Date: 9 Apr 2025

Location: London, GB, EC3M 4BS

Company: Lloyds Register

Job ID:40644
Location:London : 71 Fenchurch Street
Position Category:Finance
Position Type:Employee Fixed Term

Senior Pensions Administration Support
Lloyd’s Register
Location: London (fixed term)

What we’re looking for
We are seeking the individual who will provide high level administrative support for the Group Pensions team against defined procedures, with autonomy over workload to meet business needs. The person will undertake a wide range of administrative activities and resolves queries which includes providing detailed and complex calculations for international benefit schemes. Responsible for delivering a high standard of service to members of international LR Group Retirement Benefit arrangements and UK pension arrangements if required. This involves calculating several types of benefits, managing data and ensuring processes are adequate and accurate, alongside identifying and implementing process improvements for a more streamlined service. Being able to communicate benefits to members/HR in a professional manner with an intermediate level of knowledge to answer queries. Assistance in producing, monitoring and reconciling data for the UK pension scheme.

What we offer you
The opportunity to work for an organization that has a strong sense of purpose, is values driven and helps colleagues to develop professionally and personally through our range of people development programs.

The role is in hybrid model with flexible working time.

The role
Key responsibilities:

• Responsible for overseas pension administration processes
• Completion of accurate and timely manual benefit calculations.
• Providing accurate and professional assistance to members of international pension schemes, covering a wide range of pension’s knowledge, and ensuring a high level of confidentiality is maintained in all aspects.
• Coordinating processes with other LR internal departments to ensure best practice is followed.
• Accountable for arranging payment of all pension benefits. Integrating with other internal departments (notably HR and payroll) where necessary to ensure that the impacts of decisions made are fully understood.
• IPP – monthly confirmation of members and payments through online system.
• Processing invoices and expenses.
• Data reconciliation and processing of relevant queries for all UK and international pension schemes.
• XPS monthly administration calls to ensure good governance of external administrators and undertaking actions as required.
• Accountable for making decisions and recommendations following the monitoring and calculation of statutory contributions and benefit limits and the liaison with other internal departments where necessary.
• Validation of data to ensure correct records are held, following the analysis of data supplied by internal and external sources.
• Reviewing and implementing changes to pensions communications as when requested.
• Generating system reports and carrying out monthly contribution/membership data reconciliations to ensure that UK scheme records are updated and correct contributions are being paid. Liaising with other internal departments and suppliers where necessary to ensure the impact of errors made is fully understood and correction processes agreed. Updating contribution changes files received through Lifelens and provide information to Payroll by payroll close to make sure they amend their records. Responsible for contribution payments for schemes GMT, Digital legacy, AVC and LRSFA scheme.
• Support with pension projects/Trustee meetings as and when required. This will involve arranging meetings, managing and communicating to all stakeholders involved in projects and keeping updated project documentation in line with LR project management standards were required.
• Special Projects – to undertake or provide assistance in special projects undertaken by the Group pensions Department (e.g., acquisitions and disposals)

You are someone who:

• works independently
• has a quick pace of work,
• is able to be above the processes and thinks outside the box
• is collaborative
• has pension and administration background

About us
We are a leading international technical professional service provider and a leader in classification, compliance, and consultancy services to the marine and offshore industry, a trusted advisor to our customers helping to design, construct and operate their assets to the highest levels of safety and performance. We are shaping the industry’s future through the development of novel and innovative technology for the next generation of assets, while continuing to deliver solutions for our customers every day.

Be a part of
Lloyd’s Register is wholly owned by the Lloyd’s Register Foundation, a politically and financially independent global charity that aims to engineer a safer world through promoting safety and education.

Want to apply.
Here at Lloyd’s Register, we care, we share and we do the right thing in every situation. It’s ingrained in our culture and everything we do. We are committed, and continually strive, to lead with our values that empower and enable an inclusive environment conducive to your growth, development and engagement. It doesn’t matter who you are, what you have experienced, how you identify, how old you are, where you are from, what your beliefs are or how your brain or body works – the diversity of our colleagues is fundamental to our futures and the changes we can make together. Our inclusive culture allows us to connect together authentically and to be courageous and bold. We don’t just talk about our differences, we celebrate them!

We are committed to making all stages of our recruitment process accessible to all candidates. Please let us know if you need any assistance or reasonable adjustments throughout your application and we will do everything we possibly can to support you.

If you don't tick every box in these ads, please don't rule yourself out. We focus on hiring people who share our goal of working together for a safer, sustainable, thriving ocean economy.

We care, we share, we do the right thing.
If you have further questions about this role, please contact us at careers@lr.org and we will respond to you as soon as possible.

Diversity and Inclusion at Lloyd's Register:
Together we are one Lloyd’s Register, committed to developing an inclusive and safe workplace that embraces and celebrates diversity. We strive to ensure that all applicants to LR experience equality of opportunity and fair treatment, because we believe it is the right thing to do. We hope you do too.

As a Disability Confident Committed Employer, we have committed to:

• ensure our recruitment process is inclusive and accessible.
• communicating and promoting vacancies offering an interview to disabled people who meet the minimum criteria for the job.
• anticipating and providing reasonable adjustments as required
• supporting any existing employee who acquires a disability or long-term health condition, enabling them to stay in work.
• at least one activity that will make a difference for disabled people.

Find out more about Disability Confident at: www.gov.uk/disability-confident