Buck

Principal Pension Administrator - DC Schemes

Location: Bristol / England

Job type

Employment type: Full-Time

Pay: Competitive/hour

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Job description

Req#: PRINC01695

BUCK - A 104 - year-old firm that is JUST GETTING STARTED. 

Principal Pensions Administrator – Respective Buck Office / Remote working (home based).

Office locations - Bristol, Manchester, Edinburgh, Ipswich, Derby and  Birmingham. 

At Buck, we’re focused on helping our clients create a culture of well-being, centered around the evolution of each person’s health, wealth, and career.  

Leveraging strong client relationships with key decision makers, our teams deliver exceptional results that confidently push the envelope with unexpected solutions to help our clients accomplish their objectives faster and keep them ahead of the curve.

Not surprisingly, we embrace inventive thinkers, who make original contributions to the team. We put people first — our people and our clients’ people, and our inclusive and welcoming culture celebrates diversity and individuality.

Explore your next career move with Buck today!

Principal Pension Administrator

About Buck:

At Buck, we offer market leading Pensions Administration solutions to a wide portfolio of clients.

We support all defined benefits (DB), benefit contribution (DC), CARE and Hybrid pensions plan designs with compliant and certified forms, letters, notices, and statements.

We have the expertise and experience to help our client’s sort through any administrative, technical, or legislative challenges around your pension arrangements.

Buck's people first approach to pensions is all about engaging with your members directly through teams who are always thinking of the end user experience.

Your responsibilities:

We have an excellent opportunity for a Principal Pension Administrator to join our Pensions Outsourcing Practice.

This opportunity will offer excellent flexible working option; to work remotely or from any of our regional offices in Bristol, Manchester, Edinburgh, Ipswich, Derby or Birmingham.   

The Principal Pension Administrator will be responsible for the administration of several defined contribution (DC) pension schemes, with an overall portfolio that also include defined benefit (DB) and Hybrid pension schemes, in accordance with our client’s requirements to the desired standards and deadlines.

This role will include performing and checking complex queries, manual calculations and leading trustee / client relationship as required.

You will be responsible for the supervision of up 4 to 5 trainee or junior pensions administrator and be expected to deputise for the Team Manager when required.

Key Duties:

  • Carry out complex pension administration tasks and calculations including treasury and payroll accurately and in accordance with internal processes and company policies, adhering to procedures and standards regarding work and conduct;
  • Attend Trustee and ad hoc client meetings, including new business presentations as required;
  • Management of pensioner payrolls, pension increases and ensure the annual notification of the lifetime allowance used is notified to pensioners in a timely manner;
  • Assist team members as required and provide support to the Team Manager;
  • Management of investment of contributions;
  • Prioritise work to ensure Service Level Agreements are maintained;
  • Monitor transactional activity for Tariff and Fixed fee clients and ensure regular financial information provided to billing manager to ensure work is invoiced in line with the administration client service agreement accurately and in a timely manner;
  • Management of unit reconciliations / lifestyle switches;
  • Provide feedback to the Team Manager on staff performance and progress against goals, highlighting any concerns to the Pensions Admin Team Manager.

Qualifications:

  • Strong knowledge of DC pensions schemes, along with working knowledge of with different occupational pension schemes - DB, CARE, Hybrid;
  • Ideally QPA or PMI qualified or willing to study towards relevant qualifications;
  • Prove experience carrying out complex manual pension’s calculations;
  • Ability to break down and explain complex calculations in simple terms;
  • The ability to quality checks the work of subordinates;
  • Ability to prioritise workloads with conflicting importance, keeping to deadlines, agreed service levels and disclosure requirements;
  • Arrange quarterly review meetings with direct reports and ensure they are documented;
  • Information Technology literate - in the use of Office Systems, e.g. Microsoft Office for word processing, spreadsheets, database and presentations.
  • Good understanding of various codes of professional ethics and standards as promulgated by the PMI.

What we offer:

As an established company with a start-up mentality we know that our employees are key to our success. We offer a comprehensive remuneration package while taking into consideration aspects such a flexible working and factors key to a good work life balance.

  • Highly competitive salary;
  • Minimum 25 days Annual leave (excluding Bank holidays) plus Holiday trading - (10 days – buy option) or (5 days – sell option);
  • Private Medical cover including partner / spouse and children;
  • Health-checks / Screening
  • VDU programme
  • Excellent Defined Contribution pension provisions;
  • Comprehensive Life Assurance coverage;
  • Vision Plan;
  • Company bonus scheme:
  • Interest free season ticket loan;
  • Gym subsidy;
  • Child-care Vouchers
  • Additional flexible benefits Scheme to support you and your family in and out of work encompassing; Health & Wellbeing, Protection and Lifestyle covering; additional Life assurance, Travel insurance, Dental insurance, Medical Cash plan, Critical Illness cover plus many more.

At Buck, we pride ourselves in our Diversity and Inclusion and are an Equal Opportunity Employer.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, age, disability or any other legally protected basis, in accordance with applicable UK law.

We are exclusively focused on helping our clients and their people succeed together. By this, we mean we’re partnering with some of the world's most forward-thinking companies to re-envision and re-design the way that employees work and live. And we’re doing this by finding the right combination of consulting, outsourcing, and technology solutions to help our clients realise the best organisational performance for their businesses while driving positive health, wealth, and career outcomes for their people.


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About company

With changing dynamics in healthcare, retirement, and talent, people think about work in very different ways. Today, your employees expect you to invest in their growth and their financial security in flexible and more personalized ways. At Buck, we’re working to redefine the social contract, or two-way relationship, between you and your employees, to not only accommodate shifting expectations, but to stay ahead of them. We partner with forward-thinking organizations to re-envision the role of the employer and re-design how employees work and live.
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