Job Description
Purpose of the role: Contribute to the development of Group Pensions Policy in the context of the overall Reward Policy- Partner with line managers and business partners to ensure that the pension benefits provided optimally support business objectives whilst complying with overall Group policy- Manage pension aspects of acquisitions and disposals- Support businesses and Group Finance in all aspects of accounting, funding and risk control of the Group's defined benefit pension plans- Deliverables: - Provision of day to day advice, guidance and support on pension issues to support business areas and pensions services
- Management of due diligence process on acquisitions and disposals, identification of issues and financial and other risks, recommending future pension provision and communication to employees
- Proactively undertake the review of scheme structures, recommend and implement scheme mergers or reconstructions
- Lead multi-functional teams for major reorganisations of pension or other aspects of the remuneration package
- Provide all necessary support to Group Finance for year end and half year accounting and other requirements
- In conjunction with Group Risk, develop models to monitor and report on risk levels in the Group's pension funds
- Manage the Group's input to the funding valuations of its defined benefit pension plans
- Contribute to Reward thinking outside of main area of specialism
- Expected to contribute to the development of the wider R&B team
The Individual
Experience: - experience in pensions management or consultancy at a managerial level
- post qualification experience at an actuarial consultancy
Other Significant Role Requirements: - Ability to build and maintain professional relationships with line managers, business partners, trustees and other specialist areas, including finance and legal
- Ability to view pensions as part of an overall Reward package and to contribute generally to the thinking of the practice
- Ability to explain complex pensions issues to non-specialists
- Contribute to the development and work of the Remuneration & Benefits Practice and become involved in non-pensions work
Technical Knowledge: - Good knowledge of actuarial practice and legislation in the UK, ROI and US
- Qualified actuary
People Management: - Possibly one or two junior pensions professionals
| 
