As the new Director of Pensions your role will be to have responsibility and oversight of the day-to-day operation of the Scheme, including funding, investment strategy and pension administration. You will work in conjunction with the Pensions Manager (reporting in to you), the Trustee Board, the appointed advisors: third-party pensions administrators: investment consultants; scheme actuary; solicitors and legal advisor; and its investment managers; to coordinate and ensure the successful operation of the funding, cash flow, regulatory compliance and day-to-day operation for the Scheme.
To undertake this role with ease you will already have an excellent working knowledge of funded DB pension schemes structures and current industry practice, including legal and regulatory framework, investment strategy and DB funding objectives. Enabling you to take the lead in anticipating the effect on the Scheme of policy and legislative changes, and co-ordinate any changes to the Trust Deed and Rules, Scheme documentation, asset allocation and funding, website, and risk register.
Within your role you will service meetings of Trustees and its subcommittees, fostering a close working relationship with Chair of the Trustee Board, cognisant to both the needs of Scheme and employer, managing the relationship between the Employer and Trustee.
Your past or current projects and work experience mean you will be able to undertake work on the following: Pensions Dashboard, GMP equalisation, Scheme document library and archive (Diligent), Update of Scheme Rules, Maintenance of member website and enhance online calculations, maintain key scheme documentation, including as part of ongoing ESG disclosure, maintaining and developing the Risk Register, Contract Management, Triennial Scheme valuations, Scheme funding and investment strategy.
You will be an individual who enjoys ensuring extensive communications engagement with staff and members, producing scheme booklets, as well as ensuring the pensions scheme website is maintained. You will be a visible focal point for all members of the Scheme, using judgement and stakeholder management skills in managing a diverse range of stakeholders. This means you will need excellent written and oral communication skills with demonstrable experience of drafting reports or papers to a high standard and conveying complex issues in a digestible format to multiple audiences.
If you are reading all of the aforementioned and thinking yes, I can do all that, but why is this role different to others, why would I like to apply to this role? The answer is you will be inheriting an efficient, organised, smooth running pension department. No! You won’t be asked to investigate, report, sort and implement, just to continue to uphold the same excellent standards, or even add a few more of your own once you are settled.
For a full Job Profile about this role, to apply, or for a formal/informal discussion please contact me.
