Part Time Pensions Manager

Job Title: Part-Time Pensions Manager

Salary: £75,000 FTE

Job Location: London, hybrid working

Job Type: Part-Time (3 Days a week)

Reports to: Head Benefits & Pensions

Job Summary:

We are seeking an experienced Part-Time Pensions Manager to join a purpose led organisation. This role is ideal for a professional with extensive knowledge and experience in managing both Defined Contribution (DC) and Defined Benefit (DB) pension schemes. The successful candidate will be responsible for overseeing the daily operations and administration of our pension schemes, ensuring compliance with regulatory requirements, and providing expert guidance to both internal teams and scheme members.

Key Responsibilities:

• Pension Scheme Management:
• Manage and oversee the operation of both Defined Contribution (DC) and Defined Benefit (DB) pension schemes, ensuring all processes run smoothly and efficiently.
• Compliance & Regulatory Oversight:
• Ensure that pension schemes comply with relevant legislation and regulations, including tax and pension law. This includes overseeing pension plan filings and audits as required.
• Stakeholder Communication:
• Act as the primary point of contact for pension scheme members, providing information and guidance regarding scheme benefits, options, and any changes to regulations.
• Administration & Reporting:
• Supervise the accurate processing of pension contributions, member records, benefit payments, and other key administrative functions. Provide periodic reports to senior management regarding the performance and status of the pension schemes.
• Scheme Strategy & Development:
• Work with senior leadership to develop and implement strategies to enhance the efficiency and performance of both DC and DB schemes, including considering new investment options and fund strategies.
• Liaison with Service Providers:
• Work closely with third-party administrators, actuaries, investment managers, and other external service providers to ensure the effective administration of the pension schemes.
• Training & Support:
• Provide guidance and training to staff members on pension-related matters, ensuring that all stakeholders have a clear understanding of pension benefits and processes.
• Ad-hoc Projects:
• Undertake specific projects or improvements within the pension schemes, including enhancements to the member experience, regulatory changes, and pension scheme design.

Qualifications & Skills:

Experience:

• Demonstrable experience in managing both Defined Contribution (DC) and Defined Benefit (DB) pension schemes, with a strong understanding of the administration, legal requirements, and regulatory frameworks.

Pensions Expertise:

• In-depth knowledge of pension regulations, tax law, and compliance requirements for both DC and DB schemes.

Communication Skills:

• Excellent interpersonal and communication skills, with the ability to effectively engage with a variety of stakeholders, including scheme members, senior management, and external service providers.

Attention to Detail:

• Strong attention to detail and accuracy in managing and overseeing pension scheme operations and compliance.

Problem-Solving Skills:

• Ability to resolve complex issues related to pension plan management and provide solutions that align with organizational goals and legal requirements.

IT Proficiency:

• Familiarity with pension administration systems and the ability to use relevant software to manage data and reporting.

The SR Group (UK) Limited is acting as an Employment Agency in relation to this vacancy.