Pensions Specialist

www.topfinancialjobs.co.uk - Jobboard; London; On-site; GBP 45,000 - 60,000; Full time

Job summary

A leading London Borough is seeking a Pensions Specialist to manage pension risks and coordinate TUPE processes. The role requires in-depth knowledge of LGPS administration and bond agreements, ensuring compliance with statutory regulations. If you have 3-5 years' experience in pensions management, apply now!

Qualifications

• Minimum of 3-5 years' experience in LGPS or DB administration.
• Strong understanding of admission agreements and bond arrangements.
• Ability to provide training to scheme employers.

Responsibilities

• Manage risks associated with setting up new fund employers.
• Co-ordinate TUPE pension aspects and liaise with providers.
• Complete pensions-related statutory returns as required.

Skills

Administration of LGPS

Risk Management

Knowledge of Admission Agreements

Reconciliation and Monitoring

Job description

Description: Pensions Specialist - Non Qualified - Finance - Payroll and Pensions - LGPS

Hays are happy to be working with an established London Borough in their journey to secure a Pensions Specialist. Please find the details of the position available below:
Role Purpose:
• To identify, analyse and manage risks associating with the setting up of a new fund employer.
• To co-ordinate and manage all pension aspects of TUPE, including liaising with the pension provider for seamless onboarding of members and the resolution of complex queries as appropriate. •
• To ensure that admission agreements and bond documents are promptly signed under by seal by all parties to prevent and minimise financial risk to the LBHF pension fund.
• To maintain a register of all current bonds and ensure that admitted bodies are contacted in good time to ensure the continuance of cover.
• To ensure that all admission agreements and bond documents are stored and kept up to date versions for future reference.
• Deputise in some decision-making for the Head of Pensions in their absence
• Any other duties which may be delegated by the Head of Pensions
• To complete pensions-related statutory returns and surveys as required.
• Ensure your actions and decisions align with the Council's declaration of a climate and ecological emergency.

About You:

• Essential: Minimum of 3- 5 years' experience of LGPS administration or DB administration.
• A strong understanding and knowledge of admission agreements and bond arrangements.
• Working knowledge of the obligations of employers and the Administering Authority in the management of the Local Government Pension Scheme.
• An understanding of the different LGPS schemes (pre-2008, 2008 and 2014) and how they affect the calculation of scheme member benefits.
• The ability to provide training and advice to scheme employers or their agents in connection with their administration of the LGPS.
• An understanding of the calculation methods for pensionable CARE pay, whole-time equivalent pensionable pay, and pensionable pay for the purposes of the HMRC Annual Allowance calculation.
• An understanding of LGPS Discretionary Regulations for employers and the discretionary regulations as they pertain to LBHF.
• The ability to participate in the monitoring, checking, reconciliation and archiving of incoming monthly schedules and remittances from scheme employers, and other monthly electronic submissions containing scheme member data.

If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.
If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion about your career.
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