Pension administrator Job Description

Pension administrator Job Description Template

A pension administrator proficiently manages all aspects of employee pension plans, ensuring compliance with regulatory guidelines. Key responsibilities include calculating and distributing benefits, program maintenance, record-keeping, and counseling employees on retirement options.

Responsibilities:

  • Ensure accurate and timely processing of pension calculations and payments
  • Respond to pension enquiries from employees, retirees and other stakeholders
  • Perform pension data analysis to identify trends and patterns and make recommendations to improve pension scheme administration
  • Ensure compliance with pension regulations and guidelines
  • Participate in the development and implementation of pension policies and procedures
  • Coordinate with pension providers and other external stakeholders to resolve pension-related issues
  • Prepare pension reports and presentations for senior management and the board of directors
  • Contribute to the continuous improvement of the pension administration system and processes

Requirements:

  • Bachelor's degree in finance, accounting, or business administration.
  • At least 3 years of experience in pension administration or related field.
  • Excellent analytical and problem-solving skills.
  • Strong attention to detail and accuracy.
  • Knowledge of pension regulations and compliance standards.
  • Proficiency in Microsoft Excel and other relevant software.
  • Ability to communicate effectively with clients and team members.
  • Strong organizational and time management skills.