RMPP De-Risking Pensions Benefits Specialist

3 weeks ago

Sheffield, United Kingdom Royal Mail Full time

Job reference number306950RMPP De-Risking Pensions Benefits Specialist - Sheffield - Hybrid Working
£Welcome bonus of £1,500
Annual bonus potential
Company pension scheme with highly competitive contribution rates
Generous annual leave offering of 25 days, plus bank holidays, increasing with years of service
Full time, Permanent
Your nearest office - Bristol, Edinburgh, Liverpool, Manchester or Sheffield
Royal Mail Pensions is looking to add De-Risking Pensions Benefits Specialists to its team. This is a new team within the Pensions Service Centre (PSC), focusing on delivering the Benefits Specification for the Royal Mail Pension Plan. Working closely with the Trustee and its professional advisers, along with other teams within PSC, the team will complete this work and then use it to complete compliance audits against current administration processes. These are exciting opportunities for experienced Pensions Administrators, with a background in DB and CARE pension schemes.
As a pensions specialist you will be working to deliver the Benefits Specification for the Royal Mail Pension Plan and execute subsequent compliance tests against administration processes to provide assurance to stakeholders and potential insurance providers. Be responsible for the execution of compliance tests against PSC business processes to ensure conformity with the Benefit Specifications, once signed-off
# Work collaboratively across PSC to close any gaps identified through the execution of compliance testing
# Work collaboratively across the De-Risking team and wider Pensions Service Centre to define solutions for any remaining pension benefits, record keeping and administration processes to enable post-migration calculation and payment of any residual benefits in RMPP
# Ensure that the Pensions Helpline is fully briefed and able to answer member queries arising out the Programme

To be eligible for the top end of the salary banding you will need to hold PMI qualification (APE, QPA, CPSMG etc) or other role relevant qualification (e.g. payroll, finance) with relevant DB Pensions experience.
To be successful in this role you will need to be able to demonstrate an expert level of understanding of a UK DB Pension scheme and CARE benefits. You should also have knowledge of working with data typically provided to pension schemes by participating employers. Have experience of working with ambiguity and evidence of solution generation within the pensions workspace
# Have highly developed communication and influencing skills, with experience of working with senior internal and external stakeholders, and professional Advisors
# At Royal Mail we value our people and we want our people to be proud to work for our businesses. We have the assets, the infrastructure and the scale that others don’t, yet we are a big part of the communities we operate in, making billions of precious deliveries each year. We are responsible for the largest B2B customer database in the UK and are one of the largest employers in the UK, providing one in every 194 jobs. An operation of this size needs a strong support network, and the HR, Legal, Finance, IT, Risk & Governance, Customer Experience, Sales & Marketing departments are all integral to helping us to utilise the latest technology and business approaches to optimise, automate and digitise our operations. Royal Mail is a forward thinking, innovative organisation, that is also committed to reducing emissions and improving air quality in our communities. This includes investing in technologies such as electric vehicles, drones, alternative fuel trucks and energy improvements to our estate.
The next stage of the selection process will be a face to face/virtual interview consisting of competency based and role specific questions. Trust forms the foundation of everything we do in Royal Mail. We want to be transparent about what kind of qualities we are looking for and build trust from the very beginning of your journey with us. Royal Mail are proud of our diverse employee network groups and the active role they play to support belonging and encourage a positive work environment. We are firmly committed to inclusion and passionate about our people representing the communities we serve.

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