Description
Pensions - Quality Checker - GMP - DC Pensions
A Leading Financial Service are looking to hire an experienced Pensions Specialist - ideally with knowledge around Quality Checking and calculating Guaranteed Minimum Pensions.
The business are looking for someone who has actually worked with GMP and PTFC (Protected Tax Free Cash).
Calculating for transfers or Retirement specifically.
Department Description
Within the Defined Contributions Department, the Retirement team are responsible for providing Back Office services that deliver outcomes instructed by members. These include preparing and undertaking cases for disinvestment.
Purpose of your role
The Retirement Team process retirement, death and divorce cases for members of DC Full Service Schemes.
The role is key to providing uncompromising service to our clients and members.
* Ensure the Retirement team follow established procedures and legal requirements
* Verifying key tasks so that consistent & good customer outcomes are achieved for members and clients of the DC business.
* Ensure all allocated work is processed in a timely manner avoiding exposure to unnecessary risks in market movements
* Ability to organise the day to day planning of workload.
* Dealing with financial transactions, approving invoices and sales
* To quality check work with a high level of accuracy and attention to detail
* To support the team members with queries in absence of manager
Key Responsibilities
* Accurately approving of financial transactions for Retirement, Death and Divorce
* Quality checking Protected tax free cash and Guaranteed Minimum Pension calculations
* Prioritise and check thoroughly the accuracy and completeness of all aspects of own work and the work of others.
* Ensure Administration work is within the expected standards in productivity, quality and response times
* Deal promptly and confidently with routine and non-routine enquiries by providing accurate information
Experience and Qualifications Required
* Prior experience in calculating Protected tax free cash and Guaranteed Minimum Pension (essential)
* Minimum of 5 years pensions experience
* Well developed knowledge of Defined Contributions
* Awareness of industry developments and changes in Pension Regulations desirable
* Strong analytical skills with proven attention to detail
* A desire to ensure each and every customer outcome is accurate and the best it can be
* Flexible, adaptable and responds well to changing business needs