Pension Administrators are a key component for any company handling Pension Schemes. Primarily, Pension Administrators will work for insurance companies, large financial services provider or directly with large organisations that have their own Pension Schemes, i.e. Public-Sector Bodies.
The Pension Administrator will act as the link between the company and the pension scheme members, brokers, and regulatory bodies. They can handle a variety of schemes from corporate pension schemes such as Defined Contribution or Defined Benefit schemes, SSAS’s to personal pensions, PRSA’s.
Excellent attention to detail and customer service are two of the key components of a good Pension Administrator as they will have responsibility for handling member requests including fund switches, transfers, retirements and payments. Depending on the company structure and level of the position, the Pension Administrator will be required to calculate the Annual Benefits of the members and ensure correct statements are issued.
The salaries for a Pension Administrator are varied, again depending on the company and years’ experience, but starting salaries in Ireland start around the €25,000 range or €30,000 in Dublin and, depending on experience, companies are paying upwards of €50,000 plus. These salaries will only increase for Pension Administrators who move into Team Leader or Management positions.
Galway is the capital of the West of Ireland. With a population of 75,414, it is the third largest and the fastest-growing city in the Republic of Ireland. Ranked as one of the 25 top destinations to visit in Europe by Trip Advisor, and only one of two Irish cities to feature in the list, Galway has simply got it all. It is renowned for its vibrant lifestyle and numerous festivals, celebrations and events. A few of the big attractions include The Cúirt International Festival of Literature, the Galway Arts Festival, the Galway Races and the Oyster Festival they are famous throughout Ireland and beyond. Theatre lovers are particularly blessed with a number of superb theatre companies based in the city, including the world-renowned Druid Theatre Company. The state-of-the-art Town Hall Theatre was opened in 1993 and covers all aspects of the performing arts including concerts, ballet, musicals, and operas.