Expert (Pension Contract Accounting)

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Luminor Group

Our team is expanding and we are looking for a new team member.

The Expert will be responsible for whole Pension contract processing cycle and will be joining the Luminor's Operations Department, Savings and Markets Processing Unit Lithuanian Team. 

This is the time full of new opportunities and chances to stand up and bring out the best in you!


  • Collection of pension funds participants' payments and assigning them to the appropriate pension account, deduct contribution fee from incoming payments, adding new subscribed units to the appropriate participant's pension account; 
  • Converting the participants' pension fund units into cash, making relevant deductions of exit fees and/or taxes, making cash pay-outs for redeemed units, prepare and execute cash transfers related to pension Fund switches and pay-outs to participants or other pension management companies;
  • Handling lists of pension funds participants and persons receiving pension pay-outs in PIFAS system in line with legal and regulatory requirements and internal procedures; 
  • Making data exchanges between FTP servers and communicating with The State Social Insurance Fund (SODRA) regarding 2nd pillar Pension Funds registration, termination, execution and amendment; 
  • Performing transfers of accrued contribution fee, exit fee, income tax, capital gain tax amounts in transit funds accounts after participants subscription and redemption operations to Pension Funds target accounts; 
  • Consulting Luminor customers' facing employees regarding operations related issues;
  • Providing pension contract information  and transaction data to Pension Management Company when requested;
  • Providing information to Auditors and FSA and other authorized parties. 

Skills and Experience:

  • University, College degree in business, finance or banking;
  • Interest in Pension Fund accounting area or Mutual Fund Transfer Agent area (knowledge in these areas will be considered as advantage);
  • High responsibility, preciseness and accuracy; 
  • Good communication and self-expression skills; 
  • Able to handle several tasks at the same time, result orientation; 
  • Proactive work approach and fast learning ability;
  • Lithuanian language skills.

Why Luminor? What we can offer you:

  • Dynamic and International working environment that is filled with interesting challenges and opportunities as we build and innovate a new bank together
  • Varied opportunities to support your professional and personal development and growth
  • A competitive benefits package in addition to your salary
  • An additional benefits package for employees after 1 year in the company, which includes additional days of vacation
  • A collaborative and supportive team where you can create and implement ideas
  • A salary range for this position starting from 1550 EUR (Gross*), which is to be determined depending on the level of experience and competencies of the selected candidate

Application deadline is 2021.03.10

In case of questions please feel free to contact: the hiring manager or our HR representative

Or, know someone who would be a perfect fit? Let them know!

Vilnius, Lithuania

Konstitucijos pr. 21a
09306 Vilnius Directions +370 5 239 3444

Why Work With Us?

Join us if you want to grow your competences and make the change!

  • Wellness & Benefits

    We aim to support, spoil and take care of our employees

  • Additional Days of Vacation

    We provide an additional benefits package for employees after 1 year in the company, which includes additional days of vacation

  • Personal Development

    We provide varied opportunities for your professional and personal development and growth. Average hours spent per year on development for an employee at Luminor – 20

  • Health & Wellness

    We take care of your health – we got your health insurance covered

  • Flexible Working

    The flexible working time and place concept is now part of our culture

Workplace & Culture

Make the Change stands for motivation, 'yes we can' attitude, motivation to get things done and take initiative. It strengthens and complements our value set – curiosity, focus and collaboration, whilst putting them in action. And most importantly – Make the Change is about our people who are here being brave and passionate about making an impact themselves.

Already working at Luminor Group?

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