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Pensions Technical Manager
2 months ago
About the role
Balfour Beatty are currently looking for a Pensions Technical Manager to join our Group Head Office team based in Prescot
Within this role you'll be responsible for technical aspects of the services provided by the Balfour Beatty Pensions Centre (BBPC) to its various customers including pension fund trustees, corporate finance team, HR, commercial teams, Defined Benefit (DB) and Defined Contribution (DC) members of the Balfour Beatty Pension Fund (the Fund) and related parties; and provide corporate support to businesses in relation to other pension and life cover arrangements.
What you'll be doing
As a Pensions Technical Manager, you will have the following accountabilities:
- Ensure procedures and tools are in place for the Pensions Centre to maintain ongoing compliance with statutory legislation, regulations, BBPF scheme rules and appropriate quality standards, developing new procedures and tools as necessary
- Identify and manage any member communication changes required and maintain an accurate, up-to-date member communications library; and help to improve user experience
- Become an expert user of our pensions administration software system, Compendia:
- Understand how the member data is held, how to analyse and report on data and improve quality of data held where possible
- Develop and maintain on-system and off-system calculation specifications and associated testing material
- Work with Compendia supplier to undertake system upgrades where necessary and maximise new functionality
- Lead on delivery of major change projects, collaborating with all stakeholders as required
- Develop technical training and tools needed by administration team and facilitate / deliver to team
- Identify suggestions for improvement to maintain effective systems and controls, improve business efficiencies, reduce potential complaints and manage business risks.
- Escalate these to senior management team for consideration and implementation
- Peer review of complex calculations as required, interpreting the Rules of the BBPF and other documentation
- Provide corporate pensions support to businesses in relation to other pension schemes and M&A activity
Who we're looking for
You will have the following:
- Educated to degree standard and with a strong educational background.
- Pensions Qualification (PMI or Actuarial): full or nearly qualified or equivalent
- Proven experience of working within pensions
- In house or third party pension administration management or pensions consultancy experience
- DB and DC pensions knowledge and experience
- Strong pensions legislative and technical knowledge
- Experience of performing manual calculations, developing and using calculations specifications and dealing with complex queries across all types of scheme events
- Attention to detail with experience of interpreting Scheme Rules, legislative regulations and other legal material
- Strong analytical and data interrogation skills
Why work for us
Day in, day out, our teams deliver some of the UKs most ambitious, exciting and meaningful projects; developing, building and maintaining the vital infrastructure that supports national economies and strengthens communities.
Why join us?
As if contributing to and supporting work that makes life better for millions wasnt rewarding enough, we offer a full range of benefits too. You'll have the freedom to shape the package thats right for you and your life. Here are some of our key benefits:
- Smart working, giving you more flexibility such as staggered start and finish times, with up to 40% remote working, where roles allow.
- 25 days paid annual leave (pro rata)
- Family friendly policies which include 28 weeks full pay for maternity/adoption leave and four weeks full pay for paternity/partners leave
- Pension, share incentive plan, volunteering leave, recognition schemes and much more
About us
Balfour Beatty Group Enabling Functions are Legal, Finance, IT and Procurement, Communications, Health Safety and Environment, HR and Sustainability. Together, they support delivery of our Build to Last strategy whilst improving efficiencies and standardising our approach, systems and processes.
Diversity and inclusion
At Balfour Beatty we believe that diversity and inclusion are essential components of any successful, happy workplace. Through our Value Everyone Diversity and Inclusion Strategy and Action Plan, we are growing our diverse workforce and developing our inclusive culture where everyone is able to thrive and reach their full potential, regardless of their identity or background. To find out how we are making this a reality, visit
We are a Gold Award holder in the Ministry of Defence 'Employer Recognition Scheme' and actively encourage applications from Armed Forces personnel, veterans and reservists.
As a Disability Confident Employer, we are committed to working with people who have disabilities and long-term health conditions to remove barriers for them in obtaining employment. We are also committed to offering applicants with a disability an interview if they meet the minimum requirements for the role. For more info, visit:
We are looking to continually improve our resourcing process and ensure that it is fair and inclusive for all. If you have any feedback on the process, please share this with us at:
For further information, and to apply, please visit our website via the "Apply" button below.
