Pensions Manager

Recruiter
Lloyd Recruitment East Grinstead
Location
East Grinstead
Posted
10 Jun 2018
Closes
14 Jun 2018
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
Lloyd Recruitment Services are currently working with a leading Travel and Leisure company based in East Grinstead. There is currently a requirement for a Pensions Manager to join the team.

The main purpose of the role is to manage all the day-to-day activities of the companies DB and DC Pension Schemes and the related group insured benefits on behalf of the Director of Finance and the DB Trustees.

This is a responsible, wide ranging and self-managing role that requires good occupational pension scheme knowledge and experience across all pension related areas.

Key responsibilities:

•Administering all the activity arising on the scheme, such as retirements, leavers, deaths, transfers, AVCs, nominations, member questions etc, liaising with the company’s technical administrators and advisers, as necessary
•Maintaining an up-to-date knowledge and awareness of regulatory changes, evaluating their impact, in conjunction with the company’s advisers, and making changes to prevailing practices as necessary, including liaising with pension lawyers on any changes required to the Scheme Trust Deed
•Ensuring all data/information passing between the company and its advisers is complete, accurate, timely and secure, thereby meeting the Pension regulators accuracy and internal control requirements. A local database of information is used to support relevant checks and data provision to the company, its advisers and auditors
•Liaising with the company’s advisers and group insurance benefit consultants, as required, and preparing appropriate communications with Trustees, members, providers and the Regulator as necessary. This includes: preparing renewal data for scheme contributions and group insurance benefit policies, drafting the Summary Funding Statement, completing the annual Return to the Pension Regulator (in conjunction with the company’s advisers) and communicating to members on any changes to the Scheme
•Maintaining accurate financial records to enable the preparation of the Annual Pension Accounts. This includes operation of the Trustees’ bank account, cash forecasting, processing investments into Scheme investment funds and ensuring that all sponsoring employer payments are made in a timely manner and comply with the Employers Contribution Schedule and all statutory requirements. In conjunction with the Director of Finance, ensure that there is adequate and effective segregation of duties to maintain high levels of Internal Control
•Review and have processed, revaluation changes to pensions in payment
•Maintaining an accurate record of investment fund units for reconciliation and information purposes
•Managing the election/re-election process for Member Nominated Trustees every three years
•Managing compliance, on behalf of the Trustees, with the governance requirements of the Pensions Regulator, such as: Scheme Risk Register, Conflicts of Interest Register, Internal Control and employer covenant reviews
•Periodically review the performance of the advisers and recommend action, as necessary
•Supporting the Trustees and Director of Finance in preparing, attending and taking Minutes, of each Pension Trustees Meeting
•Overseeing the day-to-day administration of activity on the scheme by the Finance Director’s Secretary, such as joiners, leavers, retirements, nominations etc. Dealing directly with member questions and liaising with the Club’s advisers as necessary
•Ensuring all data/information passing between the company and its advisers and provider is accurate, timely and secure. This includes ensuring that employee contributions made are accurate and timely (in conjunction with Payroll)
•Maintaining an up-to-date knowledge and awareness of regulatory changes, evaluating their impact in conjunction with the company’s advisers and making changes to prevailing practices as necessary.
•Liaising with the company’s advisers and group insurance benefit consultants as required and prepare appropriate communications with members and the providers as necessary. This includes: preparing renewal data for the group insurance benefit policies and communicating to members on any changes to the Scheme
•Presenting information on the company’s Scheme to prospective joiners at induction meetings, as required. Maintaining the company’s compliance with auto enrolment
•Periodically, reviewing the performance of the advisers and providers (the providers being in conjunction with the company’s advisers) and recommend action, as necessary
•Managing compliance with existing and new governance requirements from the Pensions Regulator

Key skills/ experience required

•Excellent people skills with experience of working with remote employees
•Experience in managing a large scale Defined Contribution Scheme
•Good working knowledge of Defined Benefit Schemes
•Experience of working with 3rd party advisors
•Ability to travel throughout UK as and when required

Salary of up to £53K DOE

Due to the high volume of applications, Lloyd Recruitment Services can only contact shortlisted candidates

Similar jobs

Similar jobs