Pension Administrator Job Description
Pension administrator
provides support to the CEO of Aviva Staff Pension Schemes, in managing the Aviva Schemes efficiently and professionally.
Pension Administrator Duties & Responsibilities
To write an effective pension administrator job description, begin by listing detailed duties, responsibilities and expectations. We have included pension administrator job description templates that you can modify and use.
Sample responsibilities for this position include:
Provides support and training to other business units (transition managers, client managers) on completing account update forms
Business owner of account opening, maintenance and closing form templates for Gplus and Pension/Insurance Trust
Updating information on the in house database which will cover a multitude of subject matters of which you will be fully trained
Fantastic benefits available with company bonus scheme and superb career path
Researches complex participant benefit issues and formulates resolutions/recommendations by analyzing fact patterns and applying plan provisions and best practices
Perform routine monthly activities & regular reconciliations
Dealing with Tier 2 escalated member queries & employer queries for UK & Ireland
Manage supplier relationship, ensuring the work they do is within the regulatory framework in place for that country
Part of the collaboration between Finance & HR in making annual scheme returns across EMEA
Technical support and assistance to the EMEA Pension manager in resolving complex pension issues
Pension Administrator Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Pension Administrator
List any licenses or certifications required by the position: PMI
Education for Pension Administrator
Typically a job would require a certain level of education.
Employers hiring for the pension administrator job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Mathematics, Administration, Sciences, Education, Accounting, Actuarial Science, Finance, Statistics, Business, Human Resources
Skills for Pension Administrator
Desired skills for pension administrator include:
Clients’ pension schemes
Excel and Word
Microsoft Excel
MS Excel
DB
Customer requirements
DC pension schemes
DOL
ERISA
Desired experience for pension administrator includes:
Complete the Annual Renewal Process for all UK & Ireland Benefit Plans
Complete Group Risk Renewal Process for all UK & Ireland Plans
Support to the Trustees of UK & Ireland & Pension Manager in operating the Trustee discretionary policies and ad-hoc queries
Drive benefits process improvement activities, including process design, solution development, documentation, and training across the organization
Involvement as required in trustee meetings to take minutes and follow up on action points from those meetings
Build and maintain service and cost data analytic dashboards
Pension Administrator Examples
1
Pension Administrator Job Description
Job Description Example
Our growing company is looking for a pension administrator. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for pension administrator
- Document Management - Develop and maintain a digitalized and central storage for all legal documents
- Provide information and advice to senior HR staff on a wide range of benefit matters of varying complexity
- Performing all functions necessary to ensure the continuous efficient operation of our clients pension plan arrangements
- Calculate benefit entitlements on retirement, termination and death
- Calculation of PAs, PSPAs and PARs and preparation of applicable filing forms
- Preparation of annual pension statements
- Preparation of government forms including Annual Information Return and PBGF forms
- Assist with testing of the pension system for new and existing clients according to the plan provisions and administrative requirements
- Assist with maintaining of standard operation procedures
- Respond to member calls and facilitate requests
Qualifications for pension administrator
- Maintenance of members’ records
- Other assets include a relevant degree and enrollment in / completion of CEBS, PPAC or actuarial courses
- Ability to use initiative, be proactive and work independently
- Team Player and demonstrate flexibility where required
- Calculate and allocate annual employer contribution and forfeitures
- 7+ years’ experience with qualified retirement plan administration, Third Party Administrator preferred
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Pension Administrator Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of pension administrator. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for pension administrator
- Balances plans and prepares annual plan valuations based on information provided by plan sponsors on a balance forward basis
- Assists plan sponsors and agents with day-to-day administration of plan
- Contacts plan sponsors and agent of existing unresolved issues
- Pensions administration and investment portfolio valuations
- Adhering to compliance procedures
- Liaising with relevant Life Assurance companies
- Sales support, including assisting Advisors during meetings for note taking and freeing up their work load
- Ensuring that all new and existing business is processed with the relevant life companies promptly and efficiently
- Dealing with correspondence and queries on an ongoing basis
- Provide support or complete these scheme events, Annual Benefit Statements
Qualifications for pension administrator
- Minimum of 1 year working with Defined Benefit pension plans
- Qualified 401(k) Administrator (QKA) credentials through American Society of Pension Professionals of America (ASPPA) preferred
- Solid understanding of recordkeeping software
- Ability to plan and organise own workload and that of others
- College degree or equivalent work experience showing increasing levels of responsibility
- At least 5 years of experience in the employer-sponsored qualified plan field
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Pension Administrator Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of pension administrator. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for pension administrator
- Work on manual calculations and complex enquiries
- Review Member/plan data based on Internal Audit and plan administration findings HR informations
- Check monthly benefit payments
- Check contributions with budget and Yearly Actuarial Report data
- Review local plan rules to keep them up-to-date and compliant with local social and labour laws
- Review administrative processes applied for the various sections of NEPF, propose amendments toward common best practices across sections and implement the changes with the various stakeholders
- Set-up a written process book for NEPF administration and maintain it up-to-date
- Monitor the activities of the various providers and document these controls in a structured way
- Monitor activity of the various bank accounts of NEPF and follow-up with internal bank instructions
- Control third party invoices prior to payment
Qualifications for pension administrator
- Previous work experience calculating simple benefit entitlements on retirement, termination
- Previous work experience calculating and reporting PAs and PARs
- Be prepared to administer plans that may contain complex features (flexible plans, executive plans, hybrid plans)
- May be involved in various special projects, including plan termination, early-retirement program, pension indexation, implementation of new plan provisions
- Third Level Degree (desirable)
- Strong Organisational Skills including a very high standard in attention to detail
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Pension Administrator Job Description
Job Description Example
Our innovative and growing company is hiring for a pension administrator. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for pension administrator
- Monitor and coordinate the various providers
- Participate to the administrative set-up at the timing for on-boarding new plans or new sponsoring undertakings
- Monitor, track and audit all 401(k) Plan contributions and funding totaling over $50 million annually
- Prepare annual True-up data file
- Handle 401(k) loan administration, working with T
- Provide day-to-day support to over 20 H.R
- Responsible for importing weekly deferral and loan import files
- Assisting internal & external clients with general enquiries
- Perform high-value financial transactions in a consistently accurate and timely fashion
- Utilise system functionality for detailed DC transactional processing
Qualifications for pension administrator
- Equivalent experience in field of pension administration with some client facing experience
- Advanced Technical Pensions Knowledge is essential and ability to demonstrate this
- 2-5 years administration experience in a busy life, pensions, Investments Company with a knowledge of funds and fund switches a bonus
- Minimum APA qualified in Life, Regulations and/or Pensions with a willingness to work toward
- Minimum 2 years HR Administration experience preferable
- Competent in administering compensation and benefit programmes and systems
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Pension Administrator Job Description
Job Description Example
Our growing company is looking for a pension administrator. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for pension administrator
- Posting all financial transactions to the accounting software on a weekly basis
- Preparation of cashbooks as required
- Ensuring that all cash handling and accounting requirements are met as part of the overall service delivery
- Preparation of pension scheme accounts to Trial Balance including the drafting of the Accounts
- Dealing with queries from Auditors, Trustees and Third Parties
- Performs compliance and non-discrimination tests for all plans
- Be a champion of change and provide opinions if you have an idea to create more efficiencies
- Heads project teams and or provides training for Consultants or Assistants
- Serves as technical resource for Consultants and Assistants
- Provide superior customer service, including problem solving with minimal inconvenience to clients
Qualifications for pension administrator
- QFA is desirable
- This person should be technically savvy and seek ways to improve efficiency
- GCSE Maths & English at level C or above
- Experience of working with attention to detail and to a high degree of accuracy
- Proficient in MS Office – experience with pivot tables & formulas preferred
- Reporting/data analysis experience