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Pensions Manager

4 months ago

Abingdon Oxfordshire, United Kingdom UK Atomic Energy Authority Full time €46,293

Pensions Manager
Full-time
Salary: £46,293 + excellent benefits including outstanding pension
Division: Finance, Systems & Pensions
Department: Finance & Pensions
Are you interested in contributing and helping to shape the future of the worlds energy? Fusion, the process that powers the Sun and Stars, is one of the most promising options for generating the cleaner, carbon-free energy that our world badly needs.
UKAEA leads the way in realising fusion energy, partnering with industry and research for groundbreaking advancements. Our goal is to bring fusion electricity to the grid, supported by tomorrow's power stations. Outstanding defined benefit pension scheme, details of which can be found at the end of this advert.
- Corporate bonus scheme up to 7% and a Relocation allowance (if eligible).
- Flexible working options including family friendly policies and the right to request flexible working from the start of your employment.
- Employee Assistance Programme and trained Mental Health First Aiders.
- Generous annual leave allowance starting with 25 days, plus 3 days Christmas closure and 2.5 privilege days, in addition to UK bank holidays.
- Wide range of career development opportunities .
- UKAEAs pay arrangements and grading structure are currently under review as part of a transformation project and proposed multi-year pay deal. This will enable us to lead the delivery of sustainable fusion energy and maximise the scientific and economic benefit. This role requires employees to complete an online Baseline Personnel Security Standard (BPSS) , including The Disclosure & Barring Service (DBS) checks for criminal convictions.
As the Pensions Manager , you will play a pivotal role in ensuring the day to day running of the pension scheme on behalf of the participating employers (18, with 7 of these active employers). The pensions team are responsible for spending of £275m on benefits and collection of £51m in income.
You will act as the main point of contact for the employers, administrator and other stakeholders, whilst ensuring pensions information remains up to date and relevant for members on the UKAEA intranet.
The pensions manager will manage the governance arrangements for the pension scheme, ensuring that the Pensions Oversight Board operates as expected and receives the right reporting and papers.
You will be supporting the head of pensions on major change projects, including the planned move to alpha, GMP, dashboards and procurements, whilst deputising where necessary for the head of pensions
Improving operational efficiency and act with the authority of the pension scheme in defined areas (e.g. challenging on performance).
- Acting as the main pensions lead for UKIFS, a UKAEA subsidiary in the scheme.
- Managing the governance arrangements for the pension scheme, ensuring that the Pensions Oversight Board operates as expected and receives the right reporting and papers.
- Liaising with the following stakeholders: employers, the pensions administrator, auditors, HMRC, members, the Pensions Regulator, actuaries, scheme medical advisers and wider government stakeholders (including DESNZ). Depending on the nature of the work this will either be leading on meetings or supporting the head of pensions.
- Managing the historic compensation cases and processing insurance claims.
Pensions technical/administration:
- Pensions governance:
- Acting as secretary to pensions boards (or equivalent).
- Pensions specialist:
Likely to be a wide-ranging role within pensions, involving areas such as
- Finance/audit
- Payroll
- Contract management change
- This is not an exhaustive list, but the applicant should detail any pensions experience and how it is relevant to the job.
A full list of our benefits can be found on our website.
We welcome applications from under-represented groups, particularly individuals from black and other ethnic minority backgrounds, people with disabilities, and women. Our Executive team, supported by our 'Equality, Diversity and Inclusion' (EDI) Partner and Inclusion Ambassadors, actively promotes EDI and takes steps to increase diversity within our organisation.