Assistant Pensions Manager

Michael Page (UK); Woking; Hybrid; GBP 60,000; Full time

Job summary

An established industry player is seeking an Assistant Pensions Manager to join their dynamic team. In this hybrid role, you will oversee a variety of pension projects, ensuring compliance with legislation while managing day-to-day operations. You will work closely with advisers and internal teams to deliver effective pension solutions, support payroll obligations, and enhance communication strategies. This is a fantastic opportunity for someone with a solid background in occupational pensions, looking to make a significant impact in a collaborative environment. If you are driven and passionate about pensions management, this role is for you.

Benefits

Competitive Salary

Hybrid Work Environment

Additional Benefits

Qualifications

• Experience managing occupational pensions, both DB and DC.
• Familiarity with mergers, acquisitions, and TUPE transfers.

Responsibilities

• Manage DB & DC pension projects and ensure compliance with legislation.
• Prepare communications and manage budget and invoices for the pensions team.

Skills

Occupational Pensions Management

Defined Benefit Experience

Defined Contribution Experience

Legislative Compliance

Project Management

Education

APMI / FPMI Qualification

PMI Exams

Tools

Purchase Orders System

Job description

• New Assistant Pensions Manager
• Competitive salary

About Our Client

As Assistant Pensions Manager, you will be working within a small team of two, forming an integral part of the work that the business does. This is a varied role with a mix of day-to-day routine management of the pension arrangements as well as ad-hoc project work.

Job Description

• Support a variety of DB & DC pension projects, working with our advisers and internal core service teams to deliver projects such as GMP Equalisation, Pensions Dashboard, legislative pension changes, Trustees governance and best practice in accordance with TPR code & guidance, managing DB liabilities, DC investment changes, and others as they arise.
• Work on pensions integration of acquisitions, new bids, re-tenders, exits, TUPE deals, Participations in Civil Service Pension Scheme (CSPS), using legal and other advisers where needed. Identify risks, ensure entry, participation and exit requirements are met, agree viable pension solutions with Head of Pensions, TUPE Team, and HR, and work closely to ensure successful people transfers.
• Preparation, sign off, and electronic distribution of employee member communications, with input from advisers.
• Support Payroll and pension provider with Auto-Enrolment obligations.
• Attend Trustees and Sub-Committee meetings, taking minutes, while exploring the use of technology to automate.
• Manage Pensions Team Budget and Invoice payments for the accountancy team using the Purchase Orders system.
• Ensure Pensions communications, website and documentation such as Trust Deeds and Rules, members booklets, statutory statements, Annual Reports, member forms etc. are up to date, clear to understand, and correct.
• Liaise with the Pension Administrators of both Plans and the Trust to help resolve queries. Review their monthly and management reports and cash forecasts against expected activity.
• Support the Insurance Broker to ensure Group Life Cover & Group Income protection annual renewals & premiums are correct.
• Research changes to pension legislation and best practices. Recommend process updates to ensure compliance and efficiency.

The Successful Applicant

• A background in occupational pensions with both Defined Benefit and Defined Contribution experience.
• Experience in a company that has undergone mergers and/or acquisitions and TUPE transfers.
• Experience in working with Trustees and advisers such as Actuaries, Auditors, and Legal.
• If not already APMI / FPMI qualified, ideally you will have commenced PMI or taken specific career-related PMI exams.
• Some experience of working with public sector pension arrangements is preferred.

What's on Offer

Assistant Pensions Manager

Salary up to £60k

Hybrid role

Additional benefits