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Pensions Technician

Overall Job Purpose

  • To provide data management support in the time-critical delivery of specific projects relating to the company's contracted-out defined benefit scheme.

Additional Duties

  • To provide in-house maintenance of the defined benefit scheme data in the pensions administration system (Profund) and in non-systems based records.
  • To assist in and support the in-house administration of the company's defined benefit and defined contribution pension schemes.

Responsibilities

  • Working with the Pensions Director, primarily to deliver pension data related projects
    relating to data rectifications e.g. GMPe and Barber audit of and corrections to scheme data
  • To maintain ongoing accuracy of the DB scheme data in both Profund and in non-systems based records
  • To take responsibility for the quality and accuracy of DB scheme data in:
    • Audit of input of data accuracy
    • Encouraging adoption of a consistency of approach to data management
    • Querying any data inputting where there is any concern as to its correctness
    • Using initiative to suggest changes to improve administration practices
    • To liaise with the Profund provider, ITM, on systems fixes and upgrades, including testing of such changes
    • To assist in delivery of the Pensions Dashboard Project
  • To work as a member of the in-house pensions team in the administration of the company's closed DB and open DC schemes:
    • To build a good working knowledge of the pension schemes and associated processes
    • To acquire a good knowledge and understanding of the DB scheme rules and DB/DC scheme literature
    • To diligently adhere to the work management processes
    • To use Profund and Excel in DB member benefit calculations
    • To assist in DB member case work such as leavers, retirements, transfer outs and deaths
    • To work in collaboration with your team colleagues to achieve a high level of administration and service to company staff and scheme membersLI1

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Personal and Professional Qualities

Knowledge and experience

  • Considerable pensions administration experience
  • Extensive experience of GMP in one or more of: reconciliations, equalisations, governance etc
  • Database and systems management
  • Data analysis and management
  • Ability to perform and audit manual benefit calculations

Skills and Abilities

  • Technically proficient in operational pensions administration
  • Data base and systems management including ability to test programs, correct errors and make changes
    Software
  • Essential - Excel, Word, Outlook
  • Desirable - Profund P3
  • Used to meeting deadlines in a busy working environment
  • Strong data analytical skills, working with large data sets
  • High level of computer literacy, particularly strong Excel skills (tools and formulae)
  • Excellent communication and interpersonal skills

Diversity and Inclusion at RSM
At RSM, we want to create a strong sense of belonging so that people of all identities, backgrounds, and cultures feel they can bring their true self to work. Our clients come from all walks of life. We aim to achieve that same diversity of background, experience and perspective in our own teams, so that we can genuinely understand our client's needs. Diverse teams bring a broader range of ideas and insights to work. That's why we're working together to ensure our firm's principles and processes support a firm culture that embraces difference and strengthens inclusion.
At RSM we work hard to create an environment where our people can make a difference - to themselves, their career, their teams, and to the success of our firm and clients. We support all our people to work flexibly, to manage their family and other responsibilities alongside their work commitments; we believe this is key to achieving an inspiring and fulfilling working environment.]]>

Pensions Technician

Crawley, UK
Full-Time

Published on 30/11/2023

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