Senior Pensions Administrator

Tesco; Digswell; Hybrid; GBP 80,000 - 100,000; Full time

Job description

At Tesco, we believe in the power of spending more time together, face to face, than apart. So, during your working week, you can expect to spend 60% of your time in one of our office locations or local sites and the rest remotely. We also recognise that life looks a little different for each of us. Some people are at the start of their careers, some want the freedom to do the things they love. Others are going through life-changing moments like becoming a carer, nearing retirement, adapting to parenthood, or something else. That’s why at Tesco, we always welcome a conversation about flexible working. So, talk to us throughout your application about how we can support.

You will be responsible for supporting the Administration team in delivering technical administration cases and calculations across a defined Benefit Scheme:

• Completing calculations and managing correspondence for members ensuring that they are completed within SLA.
• Completing calculations and managing correspondence for high earners including legislative controls for protection.
• Completing QA checks on colleague communications from a pension technical and legislative perspective.
• Updating and reconciling worklists to ensure compliance.
• Reviewing transfer cases ensuring compliance with regulations.
• Responding to email correspondence and management of team email inboxes.
• Assisting auditors with any queries they may have during the annual audit.
• Completing and reviewing complex member calculations ensuring all calculation SLA's are maintained.
• Reviewing complaint/Historic pension transfer cases and authorisation of daily payments.
• Supporting all processes to maintain compliance and minimise escalations and complaints.
• Providing support and testing for cyclic projects and key projects.
• Supporting the team in PMI exams and taking the initiative to improve processes and drive efficiency.

Minimum Requirements:

• Experience within DB Pension Scheme administration
• Experience either in-house or Third Party
• Administration experience of technical benefit calculations
• Up to date knowledge of UK Pensions legislation
• Prioritisation and time management
• Communication skills - written and verbal
• Strong team work ethic and willingness to help
• To be highly motivated and keen to learn
• To be highly numerate and analytical
• UK Pension Scheme knowledge
• Microsoft Office knowledge (Excel, Word, PowerPoint, Access)