Pensions Technical Services Calculations Assistant
We have an opportunity for a Pension Calculations Assistant to join our Technical Policy and Services Team in Darlington on a permanent basis.
Who we are
Railpen is responsible for the safekeeping and investment of around £34 billion in assets and the administration of several pension schemes, including the Railways Pension Scheme, one of the UK's largest and longest established pension funds.
Our heritage of looking after the pension needs of the rail industry and its employees gives us our name and our unique outlook on how we serve our members. Railpen takes a holistic view, focusing on how we serve members today and how we can positively impact the communities and the world they will retire into.
Our values of integrity, community and alignment are the guiding principles that influence our behaviour. They help us make decisions and shape our relationships with others. They’re what we stand for. You will actively demonstrate our values, helping to create a safe environment, to place the needs of the community above oneself and, through a culture of ‘fair challenge’, align to the best interests of our members.
To learn more about Railpen including our values, culture and purpose, visit our LinkedIn Life page here.
The role
The core purpose of this role is to help fulfil our mission by supporting the efficient processing of member pension calculations referred to the Technical Policy and Services team, using a suite of Microsoft Excel spreadsheets that have been developed within the business. The role will also support the completion of other team processes, such as collating data and information for regulatory returns to HMRC and the Pensions Regulator, as well as supporting complex non-calculation queries that come into the team from the wider business.
This role is not eligible for visa sponsorship. Applicants must have the legal right to work in the UK.
The person
We are looking for someone who has the aptitude and interest in developing a career in pensions and who has a willingness to learn technical pension skills, including administration calculations and processes. You will have an interest in developing your skills to gain an in depth understanding and knowledge of pensions and the processes linked to member benefit calculations, as well as the scheme rules and wider pensions legislation that influence these. A background in the pensions industry is desirable but not essential as full training and support can be provided to the successful candidate.
To succeed in this role you will have good numerical, analytical and investigative skills and experience of using or developing Microsoft Excel spreadsheets. You will also have the ability to communicate effectively (both written and verbal) whilst explaining complex information clearly and unambiguously. We are looking for someone who is customer service driven and has the ability to balance priorities and workloads whilst understanding the importance of meeting service-level agreements and proactively managing customer expectations.
What we can offer you
Rewarding you
* A competitive salary (depending on experience)
* 28 days annual leave plus bank holidays
* Generous annual bonus plan
* We provide membership of the Railways Pension Scheme, a Defined Benefit arrangement under which you get a pension for life and a lump sum when you retire, based on your length of service and pay
* 4x Life Assurance cover
* Colleague referral scheme
Health & Wellbeing
* Private Medical Insurance
* Employee assistance programme
* Health cash plan
* Eye care vouchers
* Flu vaccination
Lifestyle
* We support hybrid and flexible working along with very generous family leave including 12 months full pay maternity leave and 6 months full pay paternity leave
* Buy and sell holidays
* Give as you earn scheme
* Paid volunteering days
* Flexible half days leave
* Electric vehicle leasing
* Cycle to work scheme
Next Steps
Please apply for the apply button or visit Careers Page by 5pm on 7th April 2025.
Railpen is committed to creating an inclusive and diverse environment, we value diversity and welcome people from all backgrounds and walks of life.
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