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Senior Pensions Administrator
Job Reference tesco/TP/12955979/776542
This job has been closed.
What’s in it for you
We offer excellent benefits that help make Tesco a great place to work! These include but aren’t limited to:
- Annual bonus scheme
- Holiday starting at 20 days plus a personal day rising to 22 days after 12 months (plus 8 Bank holidays)
- Retirement savings plan - save between 4% and 7.5% and Tesco will match your contribution
- Life Assurance - 5 x contractual pay
- Great colleague deals and discounts, saving you money on everyday purchases, eating out and utility bills for the home
- Opportunities to get on - take advantage of our ongoing learning opportunities and award-winning training, to help you achieve the job and career you want
Click here to read more about the benefits we have available for our colleagues
About the role
As a Senior Pensions Administrator, you will be responsible for supporting the Administration team in delivering technical administration cases and calculations across a defined Benefit Scheme.
The Hiring Manager for this Vacancy is Anita Watkins
You will be responsible for
- Completing calculations and managing correspondence for members ensuring that they are completed within SLA and for the high earners including legislative controls for protection.
- Completing QA checks on colleague communications from a pension technical and legislative perspective.
- Updating and reconciling of 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
- 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.
- Support team in PMI exams
- Taking the initiative to improve processes and drive efficiency.
You will need
Operational skills relevant for this job:
- Prioritisation and time management
- Communication skills - written and verbal
- Strong Team work ethic and willingness to help
- Highly motivated and keen to learn
- Highly numerate and analytical
- UK Pension Scheme knowledge
- Microsoft Office (Excel, Word, Powerpoint, Access)
Experience relevant for this job:
- 2+ years of DB Pension Scheme administration experience
- Experience of technical benefit calculations
- Up to date knowledge of UK Pensions legislation
About us
Our vision at Tesco is to become every customer's favourite way to shop, whether they are at home or out on the move. Our core purpose is ‘Serving our customers, communities and planet a little better every day’. Serving means more than a transactional relationship with our customers. It means acting as a responsible and sustainable business for all stakeholders, for the communities we are part of and for the planet.
We are proud to have an inclusive culture at Tesco where everyone truly feels able to be themselves. At Tesco, we not only celebrate diversity, but recognise the value and opportunity it brings. We're committed to creating a workplace where differences are valued, and make sure that all colleagues are given the same opportunities. We're a big business with diverse working patterns and many business areas which means that we can find something that works for you. Everyone is welcome at Tesco.
We have recently announced that we will be moving towards a more blended working week – combining office and remote working. Our offices will continue to be where we connect, collaborate and innovate. Please talk to us to about how this can work for you.
NOTE: Should you be successful in your application, your offer will be subject to and conditional upon you providing your bank account details on your agreed start date.