Senior Pensions Administration Support

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.

As we are looking for your professionals, with their first experience in the field, we offer training and solid job knowledge transfer.

The role is in hybrid model with flexible working time.

The role

Key responsibilities:

1. Responsible for overseas pension administration processes.
2. Completion of accurate and timely manual benefit calculations.
3. 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.
4. Coordinating processes with other LR internal departments to ensure best practice is followed.
5. 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.
6. IPP - monthly confirmation of members and payments through online system.
7. Processing invoices and expenses.
8. Data reconciliation and processing of relevant queries for all UK and international pension schemes.
9. XPS monthly administration calls to ensure good governance of external administrators and undertaking actions as required.
10. 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.
11. Validation of data to ensure correct records are held, following the analysis of data supplied by internal and external sources.
12. Reviewing and implementing changes to pensions communications as when requested.
13. 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.
14. 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 where required.
15. 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:

1. works independently.
2. has a quick pace of work.
3. is able to be above the processes and thinks outside the box.
4. is collaborative.
5. has pension and administration background.

If you share our vision for safety and sustainability, we want to hear from you.