Investments Associate & Pensions Administrator
What's involved with this role:
Temporary Investments Associate & Pensions Administrator
Job Ref: Bradford 5256977Pay Rate: £15.55 per hour PAYE
Hours per week: 37 Monday – Friday, normal working hours
Role Length: This opening assignment is for 1-2 months
City: Bradford, Yorkshire
The purpose of the role is to provide pension administration and payroll services for the Local Government and Fire Pension Schemes administered by WYPF covering more than 800 employers for LGPS and Fire Schemes, and in excess of 400,000 members across the UK, accounting for annual pensions payroll in excess of £750 million.
Key Responsibilities:
Deal with technically complex areas of work relating to the administration of the LGPS and Fire Pension schemes administered by WYPF requiring significant investigative and analytical skills.Participate in exercises with peers and senior colleagues to improve performance and standards of work across WYPF and employers to ensure excellence in team performance and delivery of service.
Monitoring and prioritising team workload.
Ensuring compliance with Local Government Pension Scheme (LGPS) and Fire Pension Scheme regulations, WYPF and Council policies and procedures including statutory deadlines and inhouse Key Performance Indicators.
Facilitate the timely and accurate provision of information to active, deferred and pensioner members, employers and third parties such as Independent Financial Advisors and other pension schemes at all times operating with appropriate financial discipline, confidentiality and within GDPR policies.
Check the work of Pensions Officers (PO’s), ensuring accuracy of calculations.Authorise benefit payments within statutory deadlines and Key Performance Indicators.
Process daily & monthly payrolls, authorising payments via BACS system and managing monthly payroll reports.
Provide technical support, guidance and training for POs and other colleagues to ensure the team operates in line with LGPS and Fire Pension schemes regulations and associated legislation such as HMRC taxation rules, Financial Conduct Authority guidance.
Provide help and guidance to scheme members and bereaved families on complex queries in respect of their scheme membership, benefits and options. Handle any complaint cases with confidence and sensitivity.Undertake regular supervision journal reviews and provide mentoring and guidance for Pensions Officers for whom supervisory responsibility is allocated, responding to and dealing with poor performance. Support other Pensions Officers in colleagues’ absences.
Participate in project working groups and exercises to promote continuous improvement of processes, procedures and documents in the Service Centre.Responsible for undertaking complex manual calculations, modelling calculations using Excel spreadsheets, and peer checking calculations, including HMRC Annual and Lifetime pension tax limits.
Deal with highly complex areas of pension work applying specialist knowledge of LGPS and Fire Pension schemes regulations and associated legislation. Assist the team to resolve complicated cases and identify cases to develop training programmes.
Undertake peer checking of this work.
Qualifications:
5 GCSE Grade C or above (including Maths & English) or equivalent level qualificationsCertificate in Pensions Administration (CPA) qualification OR currently studying for the CPA qualification.
Skills & Experience:
At least 3 years’ experience of pension scheme and/or payroll administration within a team, including at least 1 years recent and relevant experience of training, supervising and assisting staff.Experience of dealing confidently and accurately with scheme members and staff outside the organisation.
A good knowledge of pensions administration or payroll systems and the ability to use and understand a wide range of specialist computer applications relating to pensions work.
Knows and understands how to analyse, interpret and present complex information from a variety of sources.
A sound knowledge and understanding of the LGPS and/or Fire Pension schemes administered by WYPF and the ability to deal with technically complex areas of work.
Able to recognise service delivery requirements and effectively communicate with members of the scheme, dealing with correspondence, queries and requests across a range of activities, in a timely and accurate manner.
Strong IT skills including Microsoft packages or equivalent (e.g. G Suite).
Please quote the Job Title & Vacancy Reference No. in your application, or we will be unable to match your CV to the role being applied for.
Unless the DBS requirement stated above is for a Basic Disclosure, your DBS must be either through us or be accompanied by a subscription to the DBS updating service.
Clients are generally looking for candidates who are local to, or who can commute easily to the place of work. It will help your application if your CV states, in broad terms, where you reside – there is no need for a full address.
Please feel free to apply to us direct via jobs@tclrec.com by quoting the job reference and exact job title.
To help speed up the process of uploading your CV to the client we would ask that you send us your CV in Word format (or equivalent) if possible, not as a PDF.
If you are successful in securing this role, please note that for the entire duration of this contract, regardless of extension, you will be working at the PAYE rate that has been advertised. For absolute clarity, we only work on a PAYE basis, rather than umbrella pay terms.We do not offer Ltd/umbrella or outside IR35 rates. If you wish to understand PAYE vs Umbrella more, please let us know and we can send you some additional information for clarity.
Due to the number of CVs being sent to us under current market conditions, unfortunately we cannot respond to all applications. If you have not heard from us within 3 working days, please assume that you have not been shortlisted on this occasion.We will, however, be very happy to receive future applications from you for other roles.
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Job Ref: Bradford 5256977
Anticipated Length of Assignment: Unless otherwise stated (we do carry the occasional permanent vacancy) all of our roles are technically temporary, though opening assignments can be and often are, extended by clients on a longer term basis and can sometimes become permanent.
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Important: We will interpret your application as being permission to submit your CV to this role (with the right to represent you) unless you advise us to the contrary.