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Pensions & Benefits Specialist Lead
3 weeks ago
Your HOME-BASED role, unless you wish to be office-based, or to come in 1-2 days per week to one of many sites throughout the UK, will provide an integral link between the Company's In-house pension department of 2 main people, one being yourself in your new role, and the outsourced administration providers for this company's three Pension Plan offerings, including auto-enrolment, and Employee Benefits providers. You will be joining a company with a secure business product (we know this factor is important to many employees seeking to move jobs in these challenging times) with 50,000 team members to support customers around the world operating in 320 locations around the globe.
You will already have a solid occupational pension's background career in pensions and possibly already some experience dealing with some benefits if possible, but this is not essential. Employee benefits work can be easily learned, but past or current occupational pension's knowledge is essential for the role. This can be working for another in-house pension department with an outsourced scheme or perhaps a TPA, so you have worked on the other side of the coin. It is important you understand what good service means and how to get the most out of the company providers through good working relations, and using your strong verbal and written communication skills. You will be fully conversant with current pension's legislation, and may also have helpful past/current experience of the requirements of providing an accurate accounting service and using Excel.
You will also support the Trustee of the Defined Benefit Plans, as required and support the Senior Pensions & Benefits Manager at the Trustee Meetings and with the follow up actions. You will minute and prepare the first draft of the minutes for quarterly Administration Sub Committee. You will liaise with all the DB Plans Administrator regarding pension matters and ensure that all relevant events are communicated in an accurate and timely manner. Ensure accurate renewal data (including contribution amounts, eligible earnings, etc.) is provided to the Plan administrator at each renewal date. Monitor collection of pension contributions and voluntary contributions from plan members and in association with the Payroll Manager, ensure payments are made to the appropriate pension bank accounts.
In addition to all of the above you will also get to deal with the annual Bonus Waiver process. Monitor contributions for High Earners against the Annual Allowance. Actively manage the review of Pension Supplements for high earners, ensuring any changes are approved and communicated effectively. Lead the administration procedures for the Group Personal Pension Plan. Act as a member of the DC governance committee and actively contribute in meetings and ensure actions are followed up and completed. Working with the Company adviser for auto-enrolment and the Payroll Manager, consider actions necessary for re-enrolment in respect of eligible staff. Maintain a broad understanding of Pensions / Payroll / Benefits practice, to meet legislative requirements. Manage Ill Health Retirement and Discretionary Decision process. Administer the Group Childcare Voucher Scheme. Lead on the Administration, reconciliation and annual renewals of the Private Healthcare schemes and more
For further information, to apply, or for a formal/informal discussion please contact me.
