Profession pension scheme manager

Pension scheme managers coordinate pension schemes in order to provide benefits in retirement to individuals or organisations. They ensure the daily deployment of the pension fund and define the strategic policy for developing new pension packages.

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Personality Type

• Enterprising / Conventional

Knowledge

• Employment law

  The law which mediates the relationship between employees and employers. It concerns employees' rights at work which are binding by the work contract.

• Types of pensions

  The types of monthly sums paid to someone in retirement, such as employment-based pensions, social and state pensions, disability pensions and private pensions.

• Labour legislation

  Legislation, on a national or international level, that governs labour conditions in various fields between labour parties such as the government, employees, employers, and trade unions.

• Government social security programmes

  The different areas of social security provided by the government, the different rights which citizens have, which benefits are available, the rules which regulate social security and the different situations in which they apply.

• Human resources department processes

  The different processes, duties, jargon, role in an organisation, and other specificities of the human resources department within an organisation such as recruitment, pension systems, and personnel development programs.

• Social security law

  Legislation concerning the protection of individuals and the provision of aid and benefits, such as health insurance benefits, unemployment benefits, welfare programs and other government-provided social security.

Pension administrator - Career Profile

Quick Facts:

Bachelor's degree $88K Low Balance Medium Demand

In-Demand Skills:

pensions pension administration administration microsoft excel recruiting management skills reports training

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Skills

• Promote gender equality in business contexts

  Raise awareness and campaign for the equalisation between the sexes by the assessment of their participation in the position and the activities carried out by companies and businesses at large.

• Develop pension schemes

  Develop plans which provide retirement benefits to individuals, taking into account the financial risks for the organisation providing the benefits and the potential difficulties of implementation.

• Analyse financial risk

  Identify and analyse risks that could impact an organisation or individual financially, such as credit and market risks, and propose solutions to cover against those risks.

• Identify necessary human resources

  Determine the number of employees needed for the realisation of a project and their allocation in the creation, production, communication or administration team.

• Liaise with managers

  Liaise with managers of other departments ensuring effective service and communication, i.e. sales, planning, purchasing, trading, distribution and technical.

• Apply strategic thinking

  Apply generation and effective application of business insights and possible opportunities, in order to achieve competitive business advantage on a long-term basis.

• Communicate with beneficiaries

  Communicate with individuals or organisations who are entitled to receive benefits in the form of funds or other rights in order to obtain information on the procedures, to ensure that beneficiaries receive the benefits they are entitled to, and to provide further information.

• Plan medium to long term objectives

  Schedule long term objectives and immediate to short term objectives through effective medium-term planning and reconciliation processes.

• Identify with the company's goals

  Act for the benefit of the company and for the achievement of its targets.

• Evaluate training

  Assess the realisation of the training's learning outcomes and goals, the quality of teaching, and give transparent feedback to the trainers and trainees.

• Track key performance indicators

  Identify the quantifiable measures that a company or industry uses to gauge or compare performance in terms of meeting their operational and strategic goals, using preset performance indicators.

• Manage budgets

  Plan, monitor and report on the budget.

• Handle financial transactions

  Administer currencies, financial exchange activities, deposits as well as company and voucher payments. Prepare and manage guest accounts and take payments by cash, credit card and debit card.

• Apply company policies

  Apply the principles and rules that govern the activities and processes of an organisation.

• Advise on social security benefits

  Advise citizens on government-regulated benefits they are eligible for, such as unemployment benefits, family benefits, and other social security benefits.

• Analyse insurance needs

  Gather information about the insurance needs of a client, and give information and advice about all possible insurance options.

• Coordinate operational activities

  Synchronise activities and responsibilities of the operational staff to ensure that the resources of an organisation are used most efficiently in pursuit of the specified objectives.

• Comply with legal regulations

  Ensure you are properly informed of the legal regulations that govern a specific activity and adhere to its rules, policies and laws.

• Develop employee retention programs

  Plan, develop, and implement programs aimed at keeping the satisfaction of the employees in the best levels. Consequently, assuring the loyalty of employees.

• Monitor legislation developments

  Monitor changes in rules, policies and legislation, and identify how they may influence the organisation, existing operations, or a specific case or situation.

• Organise staff assessment

  Organising the overall assessment process of the staff.

Optional knowledge and skills

Source: Sisyphus ODB