Are you a Pensions Manager for a small scheme or Deputy Pensions Manager for a big one seeking a move up? Or already a Pensions Manager for a medium-sized scheme who has achieved all they can and is seeking a fresh environment. Whatever your reason for moving we think this super Head of Pensions role for a small in-house pension administration team of 3, 4 including you and 5 if you include your reporting line to the Finance Manager, will tick all your career boxes and be a refreshing career move.
You will possess demonstrable experience in all aspects of running the in-house administration of a small to medium occupational pension scheme, our client has a Defined Benefit Scheme. The Staff Pension Scheme offering is a multi-employer scheme. In addition to the Principal Employer, there is one other small participating employer plus a large number of very small employers who participate in the scheme. The Staff Pensions Unit is a small team and therefore this post requires a “hands on” approach where you will need to become familiar with the detail of the work carried out by other members of the team.
Your responsibilities will include all aspects of servicing meetings of Trustees and production of quarterly administration reports. Taking the lead in anticipating the effect on the scheme of legislative changes and therefore co-ordinating any changes to the Trust Deed and Rules. You will also produce the scheme booklets and newsletters, as well as maintain the staff pension's website.
Communication is key for you to liaise with participating employers, give technical guidance to participating employers, as well as appointed advisors and service providers. You will provide all relevant data and information to Scheme Actuary for the purpose of the scheme valuations and Investment Managers whilst monitoring investments and issuing cash movement instructions when required.
You will maintain accounting records including monthly reconciliations and co-ordinate the production of the annual report and accounts. As well as co-ordinating periodic reviews of advisers to ensure good Scheme Governance, and maintaining the Scheme’s Risk Register and Conflicts of Interest policy, you will also ensure compliance with GDPR. Your good time management will also be critical as the Pensions Manager is responsible for the completion of various returns within deadlines such as: The Pensions Regulator’s Annual Return, HMRC annual tax return, HMRC Event report, HMRC Quarterly Reporting for tax, as well as PRI Annual reporting.
You will need strong proven pension's experience, analytical skills, excellent knowledge and understanding of systems to be able to produce and present relevant information to both financial and non-financial stakeholders and the ability to communicate effectively and at all levels. You will be highly organised to lead a team dealing with member queries and difficult or unusual cases whilst covering all aspects of staff management.
We hope the aforementioned has whet your appetite and you would like to know more about such an exciting and challenging opportunity for a new Staff Pensions Manager, who will be a highly motivated and dynamic individual just like you!
For a full Job Profile about this role, to apply, or for a formal/informal discussion please contact me.