Pensions Adviser

Hays are happy to be working with an established London Borough in their journey to secure a Pensions Adviser. Please find the details of the position available below:

Role Purpose

To undertake a range of administrative duties in relation to the pension client function, including the provision and checking of information to support the accurate maintenance of scheme member records, and to monitor and assist employers in fulfilling their obligations to the pension fund.
To provide administrative support to the Pensions Operations Team Manager as required.

Role Duties

Assist the Pensions Operations Team Manager in maintaining statistical data to monitor the performance of the Third party pension administrator, which includes records of payments to and from the Pensions Fund and the accuracy of LGPS deductions from scheme members' pay as calculated by employers.
Liaise with scheme employers to ensure that they meet their responsibilities in respect of the accurate and timely provision of all necessary pension information to the administering authority.
Where required, to provide details to the pension administrator of LGPS starters, leavers, contractual hours changes, absence and all other relevant changes which impact on pension entitlements, and to monitor the pension administrator to ensure accurate record maintenance.
Prepare payment vouchers for authorisation of retirement grants, contribution refunds, transfers, and death grants to generate timely payments.
Ensure the timely payment of third-party supplier invoices including for the administrators.
Calculate and check redundancy payments where required. In the case of early retirements, provide relevant data to the pensions administrator to enable them to calculate pension benefits and costs to the employer, and liaise with any other parties as necessary to support the accurate and timely provision of this information.
Advise the pensions administrator of pay to be used in the calculation of child related absence, sickness, strike and leave of absence, and to perform / check any calculations as required. Ensure that any new employers or admitted bodies are on boarded into the Fund in accurately and timely manner
Assist the Pensions Operations Team Manager in maintaining records to provide accurate data for the purposes of system control, monitoring of performance indicators and benchmarking.
Retrieve archived records to provide information or resolve issues from members, contractors, employees, ex-employees, employers, pensions and financial providers, government agencies and any other third parties as necessary.
Check pensions payroll data for new pensioners, deaths, beneficiaries, and adjustments to pension, and resolve any discrepancies.

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