Pensions Administrator

Job Description

An exciting opportunity has arisen for the role of Pensions Administrator, based in Dungarvan Co. Waterford, on a hybrid working model.

Reporting to the Pensions Manager, the successful candidate will work as part of a team to ensure efficient and compliant administration of Company pension schemes, in line with regulatory requirements and industry best practice.

Key Responsibilities:

• Administer defined benefit pension schemes in line with administration manuals and service levels.
• Liaise with in-house functions and third-party providers, including audit, actuarial, accounting, legal, and administration contacts.
• Manage day-to-day administration tasks for defined benefit pension schemes.
• Monitor and reconcile Trustee bank accounts and company pension control account.
• Prepare payments from Trustees' bank accounts and Pension Control Account.
• Maintain up-to-date member and financial records in agreed format on payroll and pension systems.
• Calculate and pay benefits on death, retirement, leaving service, including Revenue limits and tax.
• Administer contribution deductions, remittance, transfers in and out, and compliance monitoring.
• Complete annual renewal of pension schemes, including calculations and preparation of annual benefit statements.
• Manage pension payroll, including new pensioner calculations, monthly reconciliations, and administration of changes to pensioner records.
• Administer Pensions Adjustment Order.
• Provide support for the administration of defined contribution pension schemes.
• Administer Company risk benefits, including life assurance and income protection.
• Participate in operational and strategic pensions project work.
• Support the Pensions Manager in the overall management of the pensions team.
• Stay updated on pension and tax law, engaging in training where necessary.

Key Requirements:

• Relevant undergraduate/postgraduate qualification.
• Minimum 3-5 years of Pensions Administration experience.
• Good technical knowledge of pensions provision in Ireland and relevant legislation.
• LIA or IIPM pensions qualifications for scheme administration, or near completion. Further qualifications are desirable.
• Knowledge and experience of pension operations across other jurisdictions are desirable.
• Strong organisational skills with the ability to prioritise workload and meet tight deadlines.
• Proven team player with a flexible attitude towards work.
• Self-motivated with a strong ability to work on own initiative.
• Proactive and driven approach, seeking continuous improvement.
• Excellent communication and interpersonal skills with the ability to deliver technical issues clearly and concisely to a wide audience.

Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.

BY APPLYING FOR THIS ROLE YOU ARE AGREEING TO OUR TERMS OF SERVICE WHICH TOGETHER WITH OUR PRIVACY STATEMENT GOVERN YOUR USE OF MORGAN MCKINLEY SERVICES.