Pensions Business Partner Defined Benefit

Virgin Money; Glasgow; Hybrid; GBP 37,000 - 52,000; Full time

Job summary

A leading financial services company is looking for a Pensions Business Partner to join their Group Pensions Team. The role involves supporting the Defined Benefit Pension Scheme and working closely with the Trustee Board. Candidates should have in-depth knowledge of pension administration, strong communication skills, and experience managing third-party suppliers. The position offers a competitive salary and benefits including private medical insurance and generous holiday allowance. The role is hybrid, based in Glasgow or Edinburgh.

Benefits

25 days holiday per year

Private medical insurance

Competitive pension scheme

Performance-related bonus

Training and development opportunities

Flexible benefits scheme

Life assurance

Paid volunteering days

Qualifications

• In-depth knowledge of Defined benefit pension administration and governance.
• Thorough understanding of pensions technical aspects and administration.
• Experience handling member complaints and knowledge of Internal Dispute Resolution.
• Ability to manage third-party suppliers and oversee pension administration providers.
• Experience collaborating with multiple stakeholders including pension scheme trustees.
• Excellent communication and organizational skills in a fast-paced environment.

Responsibilities

• Provide pension support to the Defined Benefit Trustee Board and Sponsor.
• Prepare meeting papers for Trustee Board and sub-committee meetings.
• Liaise with Administration Sub-Committee for updates and action coordination.
• Oversee member complaints and dispute resolutions with legal guidance.
• Ensure delivery of Scheme calendar events and business plans.
• Support the Schemes communication strategy.
• Manage third-party suppliers and their budgets.
• Review and process supplier invoices.
• Monitor scheme cashflows and financial transactions.
• Reconcile monthly scheme expenditure.
• Manage election processes for Member Nominated Trustee Directors.

Job description

Business Unit: Group Human Resources
Salary range: 37600 - 52000 per annum
Location: UK Hybrid Glasgow or Edinburgh
Contract type: Permanent

Our Team

We're looking for a Pensions Business Partner within our Group Pensions Team to support our Defined Benefit Pension Scheme and Trustee Board. As part of the Pensions and Benefits Team you'll work in partnership with the Company and Pension Trustees to support with the delivery of our Pension agenda.

Reporting to the Head of Pensions & Benefits you'll have a wealth of defined benefit pensions knowledge and be able to draw on your experience to build positive effective relationships with both internal and external stakeholders to deliver against our objectives and ensure we are getting the best from our partners.

What you'll be doing

• Providing pension support to the Defined Benefit Trustee Board and Sponsor.
• Supporting the Trustee Board and Sub-committee meetings with a particular focus on pension administration including preparation of meeting papers as required.
• Acting as a key liaison for the Administration Sub-Committee ensuring timely updates coordination of actions and delivery of administration-related objectives and ongoing projects.
• Providing support to Scheme members overseeing member complaints and dispute resolutions with guidance from legal advisor.
• Ensuring delivery of Scheme calendar of events actions from meetings and business plans.
• Supporting the Schemes communication strategy.
• Managing third party suppliers to the Scheme including attendance at relationship meetings.
• Providing oversight to third party supplier budgets.
• Providing support to the Schemes suppliers and the wider HR Team.
• Reviewing and processing supplier invoices.
• Monitoring scheme cashflows and processing financial transactions in relation to the Schemes investments.
• Overseeing the reconciliation of monthly scheme expenditure.
• Managing election processes for Member Nominated Trustee Directors.

We need you to have

• An in-depth working knowledge and experience of Defined benefit pension administration and governance.
• Thorough working knowledge of pensions including both technical aspects and administration.
• Knowledge of principles of Internal Dispute Resolution and experience of handling member complaints.
• Proven ability to work with and manage third-party suppliers including overseeing outsourced pension administration providers.
• Background in working within an in-house pension environment or external consultancy.
• Track record of collaborating with multiple stakeholders including pension scheme trustees.
• Excellent communication and organisational skills. Ability to work effectively in a fast‑paced environment.

It's a bonus if you have but not essential

• Broad knowledge of Defined Contribution pension arrangements would be an advantage.

Red Hot Rewards

• 25 days holiday per year increasing over time to 30. Plus an option to buy more giving you even more choice.
• Private medical insurance
• A highly competitive pension to help you build a strong foundation for retirement
• Access to an annual performance-related bonus
• Training and development to help you progress your career
• A great selection of additional benefits through our flexible benefits scheme
• Life assurance to provide peace of mind for you and your loved ones
• Up to 2 days of paid volunteering a year

If we're lucky to receive a lot of interest we may close the advert early. Please ensure to submit your applications as soon as possible.

Now the legal bit

Although some of our roles allow you to be based anywhere in the UK, we need you to confirm you have the right to work in the UK.

If you're successful in securing a role with us there are some checks you need to complete before starting. These include credit and criminal record checks and three years worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime it requires enhanced pre‑employment checks. We'll ask for six years of regulatory references and once in the role you'll be subject to periodic employment checks.

Key Skills

Marketing & Sales, Business Administration, Bid, Instrumentation & Control, HACCP

Employment Type: Full-Time

Experience: years

Vacancy: 1

Yearly Salary: 37600 - 52000