HAF-005446 – Pension Specialist

Job Details

  • Hybrid – 2 days in the office
  • £34.96 an hour

ROLE DESCRIPTION

  • To fully manage the Fund employer process end to end of employers leaving and joining the Fund.
  • To assist the team by being a technical reference point for LGPS legislation and assist in managing audits, valuations and legal and actuarial relationships.

ABOUT THE ROLE

You will need to:

  • To coordinate and manage the pension Fund’s legal advisors to confirm and finalise the content of admission agreements and Bonds or Guarantees.
  • To co ordinate and manage the pension Fund’s actuary to provide reports and associated information required for the setting up of new fund employers.
  • To identify, analyse and manage risks associating with the setting up of a new fund employer.
  • To work closely with those who are letting commercial contracts to ensure that tender documents accurately reflect the requirements of the Local Government Pension Scheme (LGPS) related to those staff subject to TUPE transfer.
  • To liaise with contract managers at London Borough of Hammersmith and Fulham to ensure that full consideration is given to pension implications ahead of new service contracts being let.
  • To co ordinate and manage with external stakeholders including banks and third-party directors to enable the execution of admission agreement and bonds.
  • To co ordinate and manage all pension aspects of TUPE, including liaising with the pension provider for seamless onboarding of members and the resolution of complex queries as appropriate.
  • Support all stakeholders with queries regarding employers’ contribution rates and the late payment of employers contributions.
  • To ensure that admission agreements and bond documents are promptly signed under by seal by all parties to prevent and minimise financial risk to the LBHF pension fund.
  • To maintain a register of all current bonds and ensure that admitted bodies are contacted in good time to ensure the continuance of cover.
  • To ensure that all admission agreements and bond documents are stored and kept up to date versions for future reference.
  • To assist the Head of pensions with any pension policy work and drafting of any associated communications.
  • To complete pensions-related statutory returns and surveys as required.
  • To update and maintain the pension Fund website and internal pensions information as required.
  • To attend regular service provider meetings and any other meetings as required.
  • Be proactive with your own learning and development and keeping up to date with pension legislation.
  • Liaise with and provide information to employees and staff within other departments of the Council and external organisations on pension matters.
  • Develop strong working relationships with the administrators, employers, HR colleagues, senior management
  • Deputise in some decision making for the Head of Pensions in their absence
  • Any other duties which may be delegated by the Head of Pensions.

 

ABOUT YOU

Knowledge & Skills:

  • Essential:       Minimum of 3- 5 years’ experience of LGPS administration or DB administration.
  • Essential:      Passes in GCE/GCSE level (or equivalent) in Maths and English.
  • A strong understanding and knowledge of admission agreements, and bond arrangements.
  • Proven ability to be able to work and manage relationships A full and thorough working knowledge of the LGPS and the scheme regulations.
  • Working knowledge of the obligations of employers and the Administering Authority in the management of the Local Government Pension Scheme.
  • An understanding of the different LGPS schemes (pre-2008, 2008 and 2014) and how they affect the calculation of scheme member benefits.
  • The ability to communicate LGPS regulations clearly and concisely to a range of audiences.
  • The ability to provide training and advice to scheme employers or their agents in connection with their administration of the LGPS.
  • An understanding of the calculation methods for pensionable CARE pay, whole-time equivalent pensionable pay, and pensionable pay for the purposes of the HMRC Annual Allowance calculation.
  • An understanding of LGPS Discretionary Regulations for employers and the discretionary regulations as they pertain to LBHF.
  • The ability to manage the process of checking scheme member starter / leaver / changes data as appropriate against information held on the pension administration system and resolving all anomalies.
  • The ability to participate in the monitoring, checking, reconciliation and archiving of incoming monthly schedules and remittances from scheme employers, and other monthly electronic submissions containing scheme member data.
  • The ability to respond to all types of incoming enquiries and casework from scheme members and prospective scheme members, scheme employers and to provide correct advice in the context of LGPS regulations.
  • Proactive management of personal workloads be organised to ensure that work is processed efficiently and effectively, and to prioritise accordingly with minimal supervision to tight deadlines.
  • Proven ability to draft accurate and concise letters and emails relating to the level of work being performed.
  • Proven strong communication skills when dealing with telephone and face-to-face enquiries, and the ability to handle difficult situations with tact and sensitivity and in complex queries.
  • The ability to work in a team collaboratively and be adaptable to develop effective professional working relationships with others within and outside LBHF.

If you think this job role is for you, please send your CV to rebeccabentum@carringtonblakerecruitment.com