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Reward and Pension Specialist

2 months ago

London, Greater London, United Kingdom The Crown Estate Full time

About the Role:

The Crown Estate is seeking a highly skilled Reward and Pension Coordinator to join our team. As a key member of our Reward and People operations team, you will play a crucial role in supporting our total reward offering and ensuring compliance with UK government regulations.

Main Responsibilities:

  • Support the Reward and People operations team in leading key reward project activity and providing day-to-day support to the team.
  • Conduct salary benchmarking and job evaluation in line with our reward framework and support annual benefit renewals and the annual pay and bonus cycle.
  • Participate in regular project activity in line with our broader People and Culture strategy.
  • Ensure smooth pension administration, compliance with UK regulations, and seamless coordination with our outsourced pension provider.
  • Manage pension relationships and stakeholders, including company representation at Trustee meetings, ensuring effective communication and collaboration.
  • Monitor the cash allowance scheme and changes to legislation on lifetime and annual allowance and the auto-enrolment and re-enrolment processes.
  • Be responsible for supporting the budgeting and management of all pension costs, including business planning with providers.
  • Work with advisors to review and improve member communications and online platforms.
  • Coordinate member pension consultations, including supporting the preparation and management of project plans.
  • Stay up-to-date on legislative developments and industry best practice, for example, monitoring notices from the civil service pension scheme and completing mandatory administration modules.
  • Attend monthly meetings with outsourced providers and relationship managers to ensure timely delivery of administration services and projects.
  • Prepare the quarterly employer update and present at Trustee board meetings.
  • Provide accurate and clear guidance, answer queries, and offer support for employees at all stages of the employee lifecycle.
  • Calculate benefit entitlements for retirements, terminations, and death in service.
  • Promote awareness of our pension schemes.

Requirements:

  • Experience in a reward or pension environment, with in-house pensions experience on DB & DC schemes desirable.
  • Understanding of UK occupational pensions, regulations, and HMRC requirements, and knowledge of the Civil Service pension arrangements or willingness to learn in this area.
  • Strong numerical and analytical skills.
  • Excellent stakeholder management skills, with the ability to identify and resolve issues and queries in a timely manner.
  • Strong collaboration skills, working effectively with colleagues, trustees, and external partners.
  • Attention to detail and strong organisational skills.
  • Professional qualifications such as PMI certification are desirable.