Pensions Manager

  • Category
    HR - Compensation & Benefits
  • Location
    Barnet, Greater London
  • Salary
    400 £ - 500 £ / Day
  • External Reference

FTSE Listed client based in West London is looking for a Pensions Manager, must come from a complex Pensions back ground

Basic qualifications:
*Strong understanding of pension matters, including current and pending regulations, and knowledge of implications for UK plans.
*Excellent interpersonal and relationship management skills.
*Strong communication skills, both written and verbal.
*Analytical skills and the ability to interpret complex information.
*A good level of numeracy and IT literacy.
*Team-working skills.
*Leadership qualities.
*Good judgment and decision-making skills.
*Organisation and time management skills.
*Meticulous attention to detail.
*The ability to work well under pressure.

Preferred qualifications:

As above.


Job Purpose and Key Responsibilities:
*Proactively propose change in how our pension offering is delivered. This could arise from corporate activity, business needs and external changes such as legislative changes, industry best practice and market developments.
*Deliver operational efficiency to allow the Trustees to manage the complexities of their responsibilities in a timely manner with suitable support and information.
*Initiate and support strategic reviews into the evolution of benefit programs as the legislative environment changes and needs arise. For example, the introduction of alternative savings vehicles. Work with other functions to determine the appropriate positioning of any changes, internal approval process and employee communications.
*Manage / support as appropriate, contact with the HR community and employee consultative bodies on pensions delivery, policy and change management.
*Be a key company contact with external providers and ensure that there is appropriate communication between the actuaries, legal advisers and consultants. Set and manage budgets with external providers as appropriate.
*From a Trustee perspective, support the UK Benefits team who are responsible for the delivery of the pension administration services for all UK based arrangements
*Be responsible for setting meeting dates, preparing agendas and sending out minutes, for the UK pension plan Trustee Companies and sub committees.
*Support staff (including senior management) within the organisation on personal pension issues, including the impact of the Annual Allowance and Lifetime Allowance.
*Manage the content and information on the Trustee website and BoardPacks system and proactively propose future enhancements.
*In conjunction with the UK Benefits team, ensure all regulatory requirements for the UK plans are met and completed. For example, the requirements around re-enrolment.
*Support the UK Pensions Director on projects and adhoc tasks, as required.

*Internal Resource Management: Support the UK Pensions Director to ensure that role clarity between Trustees, Reward Centre of Excellence, other internal functions and external advisers is clearly defined and managed on an ongoing basis.
*Internal Dispute Resolution Procedures (IDRPs): Manage the resolutions of IDRP's and complaints in respect of the providers of the pension administration service. Manage reputational risks arising from conflicts with members.
*Communication: Support the UK Benefits team to ensure that all pension information on the Intranet and external administrators' websites accurately reflects pension plans and processes. In conjunction with the UK Pensions Director, input to and support changes to communications and financial education requirements, either through a change in strategic direction, a programme change or legislation change.
*Technical Support: Strong technical knowledge and understanding of the UK plans. Provide technical pensions support to senior employees and to the HR community. Ensure UK Benefits employees have appropriate technical knowledge to support business needs.
Support the Secretary to the Trustees to
*Initiate and agree business plans with Trustee bodies with regard to regular activities and periodic requirements to ensure plan governance significantly meets market best practice and plan requirements.
*Set and agree agendas to ensure appropriate discussion and decision making. Coordinate trustee meetings and produce executive meeting papers.
*Fulfil Trustee responsibilities in keeping proper documentation for the UK pension plans.
*Provide and monitor Trustee training in accordance with regulatory requirements and industry best practice, including the annual Trustee training day.
*Manage the appointment / removal of Company, Independent and Member nominated Trustees, including managing the regulatory filings for all Trustee Companies with the Corporate Secretariat department.

Badenoch and Clark acts as an employment agency for permanent recruitment and an employment business for the supply of temporary workers. Badenoch and Clark UK is an Equal Opportunities Employer.

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