Pensions Administration Manager

2 months ago

Tower Hamlets, United Kingdom VNA Recruitment Full time

**Pension Administration Manager - Tower Hamlets - £304.28 Per Day - 5 Month Temporary Contract - Hybrid**

VNA have partnered with a London Based organisation who are currently recruiting a Pensions Administration Manager to join them on a full time, temporary basis. You will be heading up the administration of the Pension Fund and will work closely with threeteam leaders who will be direct reports. Home working to a maximum of 2 days a week will be considered.

**Pension Administration Manager Responsibilities**:

- Ensure that starters, retirements, deferred benefits, death benefits, refunds, opt outs, lump sums, estimates are processed on time.
- Checking of calculations and estimates.
- Prepare annual allowance and lifetime allowance statements, staff training, implementing LGPS legislation changes.
- Up-to-date knowledge of Local Government and Teachers’ pensions and compensation legislation
- Ensure policy statements, as required by the Local Government Pension Scheme Regulations are being consistently applied by staff.
- Ensure that compliance is maintained with HMRC requirements, the Pensions Acts and contracting out legislation.
- Ensures that by achieving compliance the organisation is not reported to one of the regulatory bodies.
- Ensure the production of statistical reports/customer satisfaction surveys and continually monitor and evaluate taking appropriate action to improve performance.
- Ensure accuracy of calculations for retirement benefits, gratuities, death benefits, compensation benefits, deferred benefits, ill health, serious ill health and complex benefits required by contracting out arrangement.
- Provide information to employees and pension providers of the maximum contribution and benefit limits under HMRC rules and government announcements regarding changes to pension schemes in general.
- Assist payroll with their annual pension increases inputs and communications to members.
- Present Induction and Planning for Retirement training courses promoting the pension scheme and advising on options at retirement.
- Carry out regular end-to-end reviews of all processes on an ongoing basis, to design new innovative streamed solutions as appropriate and to train team members and implement these solutions.
- Support and lead on all matters in relation to providing pension administration data and information to enable the closing of the Pension Fund accounts in line with the corporate timetable.
- Liaise with internal and external audit as required on pension administration issues and to implement recommendations arising from audits as appropriate Development and preparation of all monthly, quarterly, and annual reconciliation of administration transactions.
- Lead and support on the preparation of any reports in relation to pension administration.
- Lead on matters in relation any TUPE or secondary TUPE arrangements undertaken by the council and other employers.
- Prepare and maintain accurate, auditable records of all Pension administration data and information.
- Support the Head of Pensions & Treasury to keep abreast of all legislative issues, guidance, consultations, best practice etc in relation to pension administration.
- Coordinate and provide any information necessary for the Valuation of the Pension Fund.
- Coordinate responses to Freedom of Information requests, developing efficient procedures to manage these requests.
- Responsible for production all external returns in relation to the administration of the fund.
- Respond to statutory and technical consultations on pension administration matters, representing the council’s views in a clear and concise manner.
- Deputise for the Head of Pensions & Treasury as appropriate.

**Requirements**:

- Experience as a Pensions Manager for a Local Government Pension scheme or be a Deputy Manager
- Knowledge of legislation and best practice regarding the pension administration.
- A detailed knowledge of the LGPS, relevant compensation schemes, HMRC (maximum benefits and social security entitlements) and pensioner payroll
- Significant knowledge and understanding of strategic pension administration issues, including experience of all aspects of staff management allocation.
- Knowledge of relevant ICT packages and the ability to use them effectively.

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