Job Title: Senior Pension Admin
Location: Birmingham
Salary: Competitive
Job Type: Full Time, Permanent
Punter Southall SIPP are your resource for SIPP and SSAS.
We operate a full and simple Self Invested Pension Plan (SIPP) via a master trust, and we also offer professional trustee services for Small Self Administered Schemes (SSAS).
Role Overview:
To process all aspect of bespoke SIPP and SSAS administration, in a professional and team orientated manner. Punter Southall SIPP staff must adhere to the FCA’s Fair Treatment of Customers consumer outcomes and Conduct Risk requirements.
Key responsibilities & accountabilities:
- Assisting the team in providing a quality and efficient service to all clients when processing new business and ongoing servicing
- Inputting client data into SIPP~Pro or SSAS~Pro when setting up new plans or schemes and maintaining the data throughout the lifetime of the lifecycle
- Setting up designation bank accounts with Bank of Scotland
- Crystallising of pension benefits and making pension commencement lump sum and/or income payments
- Ability to apply the correct tax code to income payments made
- Recognising the various transitional protections that can apply to a plan and ensuring that the correct LTA is applied
- Declaring and arrangement settlement of Lifetime Allowance charges via HMRC’s online services
- Creation of contributions within SIPP~Pro or SSAS~Pro and issuing CPCs when cleared
- Processing paperwork in relation to transfers in from both defined benefit and money purchase schemes and applying in-specie transfers-in
- Processing paperwork in relation to cash and in-specie transfers out, ensuring appropriate checks are made of the receiving scheme before assets or cash funds are released
- Purchasing standard and non-standard assets that are as set within the firm’s permitted investments list
- Creation of payments using the Bank of Scotland’s iSite and Corporate Online systems
- Utilising relationships with inter-company and external professional connections, including accountants and financial advisers
- Liaising with regulators bodies where required, such as HMRC and The Pensions Regulator
- Dealing with day to day administration queries either via post, the telephone, or email, directly with clients or via professional connections
- Ensure that volume, SIPP~Pro and SSAS~Pro records are up to date with member details and all relevant policy information
About you:
Knowledge & Experience
- Over 5 years of administration experience within the SIPP and/or SSAS industry would be preferable
- Experience of having worked within an independent trustee or investment management environment an advantage
- Skills should include:
- Excel – create spreadsheets, use of basic formulae
- Word – create and format documents to a high standard
- Outlook – utilisation of emails
- Familiarisation of the following systems an advantage:
- Delta’s SIPP~Pro, SSAS~Pro and DMM
- Bank of Scotland’s iSite and Corporate Online banking systems
- Sharepoint
- Volume by Watermark Technologies
Please click on the APPLY button to be directed to the company’s recruitment page.
Candidates with experience of: Customer Service Support, Financial Services Administrator, Financial Services Support, Customer Service Advisor, Client Support, Customer Service Admin may also be considered for this role.
