Technical Services Consultant, Rules and Legislation

Railpen; Godalming; Hybrid; GBP 30,000 - 60,000; Full time

Job summary

Join a forward-thinking organization as a Technical Services Consultant, where you'll play a vital role in ensuring compliance with pensions legislation and administration policy. This position offers the chance to work within a dedicated team, focusing on the rail schemes and their intricate rules. If you have a solid background in the pensions industry and possess strong analytical and communication skills, this role is perfect for you. Enjoy a supportive work environment with hybrid working options and generous benefits, including a competitive salary and a comprehensive bonus plan. Your expertise will help shape the future of pension administration at Railpen.

Benefits

28 days annual leave plus bank holidays

Generous annual bonus plan

Private Medical Insurance

Employee assistance programme

Health cash plan

Flu vaccination

12 months full pay maternity leave

6 months full pay paternity leave

Flexible working options

Cycle to work scheme

Qualifications

• In-depth understanding of UK pensions regime and administration processes.
• Strong analytical skills and ability to document work clearly.

Responsibilities

• Provide pensions technical support to ensure compliance with rules and legislation.
• Maintain knowledge of rail schemes’ rules and impact on administration processes.

Skills

UK pensions regime knowledge

Pension administration processes

Analytical skills

Customer service orientation

Communication skills

Education

Background in pensions industry

Job description

Technical Services Consultant (Policy, Rules and Legislation)

An exciting opportunity to join the Benefits Unit as a Technical Services Consultant focusing on ensuring that Railpen administers schemes in accordance with their rules and pensions legislation and on steering administration policy. This is a permanent role within Railpen’s Technical Policy and Services team based in our Darlington office and offering home working with occasional travel to our Darlington office.

Who we are

Railpen is responsible for the safekeeping and investment of around £34 billion in assets and the administration of several pension schemes, including the Railways Pension Scheme, one of the UK's largest and longest established pension funds.

Our heritage of looking after the pension needs of the rail industry and its employees gives us our name and our unique outlook on how we serve our members. Railpen takes a holistic view, focusing on how we serve members today and how we can positively impact the communities and the world they will retire into.

Our values of integrity, community and alignment are the guiding principles that influence our behaviour. They help us make decisions and shape our relationships with others. They’re what we stand for.

The role

As a Technical Services Consultant (Policy, Rules and Legislation) you will provide pensions technical support to the Technical Policy and Services team and other areas of the business, to ensure that Railpen administers the rail schemes in accordance with their rules, pensions legislation and the regulatory regime. You will work towards acquiring and maintaining an in-depth understanding and knowledge of the rail schemes’ rules and the wider pensions environment, and how any changes in these will impact administration processes and members’ benefits, in order to help develop administrative policy and practices. You will also share this knowledge with other stakeholders.

The person

We are looking for someone who has an in-depth understanding and knowledge of the UK pensions regime and general pension administration processes, as well as a general appreciation of scheme rules and pensions taxation legislation. Therefore, a background in the pensions industry is key for this role, as is being technically focused with an enthusiasm to keep up to date on emerging pensions developments. Knowledge of DB pensions is essential, and knowledge of DC arrangements would be beneficial too.

The successful candidate will have good analytical and investigative skills and will clearly document their work. You will also have the ability to communicate effectively (both in writing and verbally) and to explain complex information clearly and unambiguously. We are looking for someone who is customer service driven and has the ability to balance priorities and workloads whilst understanding the importance of meeting service-level agreements and proactively managing customer expectations. You must collaborate well and with an open mindset.

What we can offer you

Rewarding you

• A competitive salary (depending on experience)

• 28 days annual leave plus bank holidays

• Generous annual bonus plan

• Membership of the Railways Pension Scheme, a Defined Benefit arrangement under which you get a pension for life and a lump sum when you retire, based on your length of service and pay

• 4x Life Assurance cover

• Colleague referral scheme

Health & Wellbeing

• Private Medical Insurance

• Employee assistance programme

• Health cash plan

• Eye care vouchers

• Flu vaccination

Lifestyle

• Support for hybrid and flexible working along with very generous family leave including 12 months full pay maternity leave and 6 months full pay paternity leave

• Buy and sell holidays

• Give as you earn scheme

• Paid volunteering days

• Flexible half days leave

• Electric vehicle leasing

• Cycle to work scheme

Next Steps

If you would like to apply, please click on the apply button or visit our Careers Page by 25th October 2024.

Railpen is committed to creating an inclusive and diverse environment, we value diversity and welcome people from all backgrounds and walks of life.