pensions administratortopension scheme manager
A pensions administrator already meets 34% of what the pension scheme manager role asks for. The move turns on 18 required skills not yet in the profile.
34%
70.1/ 100
1 Share of the pension scheme manager role’s weighted skill requirement already met by the pensions administrator 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 pension scheme manager role treats 9 of its required skills as things a pensions administrator already does. These are the ones it depends on most.
- advise on social security benefits
- analyse financial risk
- communicate with beneficiaries
- comply with legal regulations
- develop pension schemes
- government social security programmes
What stands in the way is 18 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 pension scheme manager role needs them, and most people applying for one will not have them already. This is the part of a pensions administrator 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 9 the pension scheme manager role treats as required.
Table 3 · What you would need to learn
The 33 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 develop employee retention programs required
- required, not held apply strategic thinking required
- required, not held coordinate operational activities required
- required, not held identify necessary human resources required
- required, not held manage budgets required
- required, not held organise staff assessment required
- required, not held plan medium to long term objectives required
- optional, not held develop financial products optional
- optional, not held develop training programmes optional
- optional, not held manage payroll optional
- required, not held employment law required
- required, not held human resources department processes required
- required, not held labour legislation required
- optional, not held principles of insurance optional
- optional, not held financial markets optional
- optional, not held financial products optional
- optional, not held human resource management optional
- optional, not held types of insurance optional
- required, not held evaluate training required
- required, not held monitor legislation developments required
- required, not held track key performance indicators required
- optional, not held maintain financial records optional
- optional, not held monitor company policy optional
- required, not held promote gender equality in business contexts required
- required, not held apply company policies required
- required, not held identify with the company's goals required
- required, not held analyse insurance needs required
- required, not held liaise with managers required
- optional, not held negotiate employment agreements optional
- optional, not held negotiate with employment agencies optional
- optional, not held promote financial products optional
- optional, not held develop professional network optional
- optional, not held establish collaborative relations optional
Table 4 · Where to start
The 3 entries a pension scheme manager role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 develop employee retention programs skill · sector specific
- 02 promote gender equality in business contexts skill · sector specific
- 03 analyse insurance needs 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 analyse financial risk skill
- already held communicate with beneficiaries skill
- already held comply with legal regulations skill
- already held develop pension schemes skill
- already held government social security programmes knowledge
- already held handle financial transactions skill
- already held social security law knowledge
- already held types of pensions knowledge
- already held corporate social responsibility knowledge
- already held ensure information transparency skill
- already held legal research knowledge
- already held manage financial risk skill
- already held manage pension funds skill
- already held obtain financial information skill
- already held promote social security programmes skill
- already held provide support in financial calculation skill
- already held synthesise financial information skill
15 supplementary skills, helpful but not required
- optional, not held develop financial products optional
- optional, not held develop training programmes optional
- optional, not held negotiate employment agreements optional
- optional, not held negotiate with employment agencies optional
- optional, not held principles of insurance optional
- optional, not held promote financial products optional
- optional, not held develop professional network optional
- optional, not held establish collaborative relations optional
- optional, not held financial markets optional
- optional, not held financial products optional
- optional, not held human resource management optional
- optional, not held maintain financial records optional
- optional, not held manage payroll optional
- optional, not held monitor company policy optional
- optional, not held types of insurance optional
10 held skills the pension scheme manager role does not ask for
- not needed by the target role actuarial science knowledge
- not needed by the target role apply technical communication skills skill
- not needed by the target role calculate employee benefits skill
- not needed by the target role handle financial disputes skill
- not needed by the target role investigate social security applications skill
- not needed by the target role maintain records of financial transactions skill
- not needed by the target role protect client interests skill
- not needed by the target role provide financial product information skill
- not needed by the target role trace financial transactions skill
- not needed by the target role use IT tools skill
8 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 employment law required
- required, not held human resources department processes required
- required, not held labour legislation required
- optional, not held principles of insurance optional
- optional, not held financial markets optional
- optional, not held financial products optional
- optional, not held human resource management optional
- optional, not held types of insurance optional
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.