pension scheme managertopensions administrator
A pension scheme manager already meets 61% of what the pensions administrator role asks for. The move turns on 6 required skills not yet in the profile.
61%
38.8/ 100
1 Share of the pensions administrator role’s weighted skill requirement already met by the pension scheme manager profile. Required skills count in full, supplementary skills at 0.35. Directional: the figure for the reverse move differs. 2 Combines what is missing with how specialised it is, so a gap of general skills scores easier than the same number of narrow ones.
Why this move works
A pensions administrator role treats 8 of its required skills as things a pension scheme manager already does. These are the ones it depends on most.
- advise on social security benefits
- communicate with beneficiaries
- comply with legal regulations
- ensure information transparency
- government social security programmes
- obtain financial information
What stands in the way is 6 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.
Table 2 · What you already bring
Of the 18 skills that carry over, these are the ones fewest other occupations ask for. A pensions administrator role needs them, and most people applying for one will not have them already. This is the part of a pension scheme manager background worth leading with.
- already held develop pension schemes management skills
- already held communicate with beneficiaries communication, collaboration and creativity
- already held manage pension funds management skills
- already held promote social security programmes communication, collaboration and creativity
- already held types of pensions business, administration and law
- already held advise on social security benefits communication, collaboration and creativity
All 18 carried skills, including the 8 the pensions administrator role treats as required.
Table 3 · What you would need to learn
The 10 missing skills fall into 5 areas of the ESCO skill hierarchy, numbered below in the order worth working in: the areas carrying the most required skills come first, and inside each one the required skills sit above the supplementary ones.
- required, not held apply technical communication skills required
- required, not held protect client interests required
- required, not held provide financial product information required
- optional, not held handle financial disputes optional
- required, not held calculate employee benefits required
- optional, not held maintain records of financial transactions optional
- optional, not held trace financial transactions optional
- required, not held actuarial science required
- required, not held use IT tools required
- optional, not held investigate social security applications optional
Table 4 · Where to start
The 3 entries a pensions administrator role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 actuarial science knowledge · sector specific
- 02 calculate employee benefits skill · sector specific
- 03 apply technical communication skills skill · cross sector
Each entry opens a course search for that skill. Career Overlap earns nothing from these links.
Appendix · The rest of the record
All 18 skills that carry over
- already held advise on social security benefits skill
- already held communicate with beneficiaries skill
- already held comply with legal regulations skill
- already held ensure information transparency skill
- already held government social security programmes knowledge
- already held obtain financial information skill
- already held social security law knowledge
- already held types of pensions knowledge
- already held analyse financial risk skill
- already held corporate social responsibility knowledge
- already held develop pension schemes skill
- already held handle financial transactions skill
- already held legal research knowledge
- already held manage financial risk skill
- already held manage pension funds skill
- already held promote social security programmes skill
- already held provide support in financial calculation skill
- already held synthesise financial information skill
4 supplementary skills, helpful but not required
- optional, not held handle financial disputes optional
- optional, not held investigate social security applications optional
- optional, not held maintain records of financial transactions optional
- optional, not held trace financial transactions optional
33 held skills the pensions administrator role does not ask for
- not needed by the target role analyse insurance needs skill
- not needed by the target role apply company policies skill
- not needed by the target role apply strategic thinking skill
- not needed by the target role coordinate operational activities skill
- not needed by the target role develop employee retention programs skill
- not needed by the target role develop financial products skill
- not needed by the target role develop professional network skill
- not needed by the target role develop training programmes skill
- not needed by the target role employment law knowledge
- not needed by the target role establish collaborative relations skill
- not needed by the target role evaluate training skill
- not needed by the target role financial markets knowledge
- not needed by the target role financial products knowledge
- not needed by the target role human resource management knowledge
- not needed by the target role human resources department processes knowledge
- not needed by the target role identify necessary human resources skill
- not needed by the target role identify with the company's goals skill
- not needed by the target role labour legislation knowledge
- not needed by the target role liaise with managers skill
- not needed by the target role maintain financial records skill
- not needed by the target role manage budgets skill
- not needed by the target role manage payroll skill
- not needed by the target role monitor company policy skill
- not needed by the target role monitor legislation developments skill
- not needed by the target role negotiate employment agreements skill
- not needed by the target role negotiate with employment agencies skill
- not needed by the target role organise staff assessment skill
- not needed by the target role plan medium to long term objectives skill
- not needed by the target role principles of insurance knowledge
- not needed by the target role promote financial products skill
- not needed by the target role promote gender equality in business contexts skill
- not needed by the target role track key performance indicators skill
- not needed by the target role types of insurance knowledge
1 gaps that are knowledge rather than practice
Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.
- required, not held actuarial science required
How this record was compiled
Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.