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.
Waterford City is the principal City in the South East of Ireland. The City covers an area of 4,157 hectares and has a population of 50,000 living in the City and its suburbs. A further 150,000 people live within 50 kms of the City and commute the short distance to Waterford City to work, shop and access the rich and varied cultural opportunities in the City. County Waterford offers a dazzling 147 kilometres coastline, with 49 beaches, beautiful river valleys, lakes and two dramatic ranges of very accessible mountains.