Pensions Consultant (Administration)

Salary Description:
£49, 385 - £60, 265
Location Description:
London & Edinburgh
Job Role:
Pensions Administration Manager, Pensions Administrator, Pensions Consultant, Employee Benefits Consultant
Employment Type:
Full-time
Contract Type:
Permanent
Application Deadline:
19th July 2024
Posted:
27th June 2024
Recruiter:
Government Actuary's Department
Job Ref:
358873

Job Summary

The Government Actuary’s Department (GAD) is a non-ministerial department. Our mission is to improve the stewardship of public sector finances by supporting effective decision-making and robust financial reporting through analysis, modelling and advice.

One of the teams within GAD is the Public Service Pension Schemes team. We work with a wide range of public service clients and provide high quality consultancy services that serve some of the largest pension schemes in the country.

Job description

Consultant:

We are looking to recruit a senior pensions administrator to help our clients navigate a range of challenges including:

  • How to ensure that benefits payable to members are accurate.
  • How to implement and communicate revised benefits for scheme members resulting from legal judgements.
  • How to improve the quality and completeness of membership data.
  • How to prepare for the launch of pensions dashboards, a significant step change in the way pension scheme members and administrators interact with each other.
As a Pensions Consultant (Administration) you will be responsible for providing high quality advice to Government Departments, or other GAD clients, relating to the administration of member benefits. You will be a key member of the Public Service Pensions team, working to support a wide range of Government policies.

This role will involve significant levels of interaction with pension scheme administrators and sponsoring departments. There may also be opportunities for secondments to other Government departments. As such, strong communication and collaboration skills are required.

You will also use your detailed knowledge of pensions administration to support actuarial colleagues, operating as a subject matter expert on administration issues, and identifying opportunities to add value and support clients.

Person Specification

  1. To provide high quality pensions advice to the sponsor and administrators of Public Service Pension Schemes.
  2. To maintain and build on existing client relationships.
  3. To assist in developing technical client content relating to pensions administration and scheme governance.
  4. To work with colleagues across GAD teams to ensure work is appropriately scoped and delivered in an efficient and timely manner, with a focus on providing value for money for our clients.
  5. To provide a consistently high level of service with all work to be undertaken in accordance with GAD standards and professional requirements. This includes:
    • providing/supporting appropriate quality advice (oral or written) to agreed timescales and within budget;
    • complying with peer review procedures;
    • adapting to changing client needs and balancing conflicting priorities;
    • complying with all relevant guidance.
  6. Agile working within other GAD teams from time to time during key periods.
  7. To maintain an up-to-date knowledge of pensions, particularly public service pensions, and distill this information for clients and colleagues.

These job descriptions are a broad reflection of the required duties. They are not exhaustive and changes will be made based on GAD’s needs at the discretion of the relevant Functional Lead.

Behaviors

We'll assess you against these behaviors during the selection process:
  • Delivering at Pace
  • Seeing the Big Picture
  • Communicating and Influencing
  • Changing and Improving

Technical skills

We'll assess you against these technical skills during the selection process:
  • Proven knowledge of defined benefit occupational pension schemes, including administrative functions and scheme governance
  • Knowledge of public service pension provision
  • Pensions qualification (PMI or similar

Benefits

Alongside your salary of £49,385, Government Actuary's Department contributes £13,333 towards you being a member of the Civil Service Defined Benefit Pension scheme.
  • Extensive talent, career and personal development
  • 25 days annual leave per year, increasing to 30 days after 5 years’ service. In addition we offer 9 days public and privilege days leave per year (pro rata for part time staff)
  • Generous defined benefit Civil Service pension scheme
  • Family-friendly policies such as help with caring responsibilities, special leave, generous paid maternity, paternity and adoption leave
  • Access to employee assistance programme and occupational health
  • Community volunteering programme, the opportunity to join a trade union, and discounted membership of local and national sports and social groups
  • A working culture which encourages inclusion and diversity
  • Salary advances for travel costs, including annual season tickets and cycle-to-work schemes
  • Complimentary BUPA health check for permanent staff

Things you need to know

Application deadline: 1200 hrs on 19 July 2024
Shortlisting: W/C 19 July 2024
Interviews: Between 30 July 2024 - 01 August 2024
Interview location: In office at either - London, E14 4PU /  Edinburgh EH8 8FT

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