Head of Pensions
A global financial services business is now looking to recruit a new Head of Pensions to join them and take on a critical role supporting their UK Pension Plans and manage their legacy DB Plans (closed to future accrual) and their main combined DB and DC Plan. Reporting into the EMEA Head of Pensions & Benefits, you’ll join a highly skilled and stable team that consistently win awards within the Pensions & Benefits arena and this role is particularly critical due to the scale and depth of the pension asset base. Key duties will be to partner with the Trustee Board to ensure the plans are effectively governed and managed in accordance with UK Pensions legislation (Pensions Act 2021) and facilitate and manage pension related projects for example: GMP equalisation and rectification, advising on the implications of the Pensions Act and TFTD ESG deliverables. You’ll manage relationships with advisors to the Trustee and the business including consulting actuaries, legal advisors and pension plan administrators. You’ll review and monitor the Plan Funding Strategy and liaise with finance to ensure appropriate accounting disclosures are in place and support all aspects of the scheme lifecycle with advisors including statutory disclosures on behalf of the business, determining annual plan salary, validating contribution payments as well as managing the annual Benefit Statement process and salary sacrifice programs. As a result, the business is looking to meet candidates with extensive experience of managing UK Pensions Plans, either as a pension’s consultant / actuary within a consulting firm, or working in-house. A relevant pensions qualification (e.g., APMI / FPMI or have passed / close to qualifying as an actuary) is essential, as is a good understanding of and the application of US GAAP and IAS19 pensions accounting standards. Experience in the operation and management of Trustee boards, ensuring they operate within a governance framework coupled with excellent technical skills with a broad interest and understanding of the legislative and tax environment affecting pension plans in the UK. In addition to the above starting salary, there is a substantial annual bonus and benefits package. Please contact Peter Francis at Frazer Jones
The SR Group (UK) Limited is acting as an Employment Agency in relation to this vacancy.