Defined Benefit Pension Administrator - De-Risking Team - Hybrid Working

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Job reference 306950
Defined Benefit Pension Administrator - De-Risking Team - Hybrid Working

Salary £36,000 to £42,000 (DOE), You may be eligible for a Welcome Bonus of up to £1,500 *10% annual bonus potential, 25 days annual leave plus bank holidays rising with serve and a company pension scheme with highly competitive contribution rates
Permanent, Full time 

Location: Hybrid Working - Requirement to attend Royal Mail, Pond Street, Sheffield, S98 6HR on an ahoc basis for team meetings.

Royal Mail Pensions is looking to add Defined Benefit Pension De-Risking Specialists to it’s team. This is a new team within the Pensions Service Centre, focusing on delivering the Benefits Specification for the Royal Mail Pension Plan. Working closely with the Trustee and its professional advisers, along with other teams within pensions services, the team will complete this work and then use it to complete compliance audits against current administration processes.  These are exciting opportunities for experienced Pensions Administrators, with a background in Define Benefit Pension schemes (DB) and/or Career Average Revalued Earnings (CARE) scheme.
 
About the role
 As a pensions specialist you will be working to deliver the Benefits Specification for the Royal Mail Pension Plan and execute subsequent compliance tests against administration processes to provide assurance to stakeholders and potential insurance providers.

To be eligible for the top end of the salary banding you will need to hold PMI qualification (APE, QPA, CPSMG etc) or other role relevant qualification (e.g. payroll, finance) with relevant DB or CARE Pensions experience.
 
About you
 To be successful in this role you will need to be able to demonstrate an expert level of understanding of a UK DB Pension scheme and CARE benefits. You should also have knowledge of working with data typically provided to pension schemes by participating employers.
 
You will also:

• Plan your own work and operate without day-to-day detailed supervision.
• Have experience of working with ambiguity and evidence of solution generation within the pensions workspace.
• Have highly developed communication and influencing skills, with experience of working with senior internal and external stakeholders, and professional advisors.         
• Focus on attention to detail and are able to understand wider picture.
• Have demonstrably strong written and verbal communication skills long with highly developed numeracy skills.

Extra Benefits

•    RMG Share Schemes - partnership and matching share offer
•    Family friendly support - enhanced maternity pay, paternity leave, adoption leave and shared parental leave
•    Discounts and offers - there are more than 800 offers to help you save on things like groceries, days out, holidays and your household bills*.
•    Supportive and generous company sick pay
•    Your Wellbeing - you and your family have 24/7 access to services and tools to help you get the most out of life. From your physical and mental health to financial and social support and advice. It’s free, and it’s for everyone.
*Available only to perm employees

Next Steps

Closing Date: Thursday 26th September 2024.  Please note, this advert may close early if the appropriate number.

The next stage of the selection process will be a virtual interview consisting of competency based and role specific questions. 

Trust forms the foundation of everything we do in Royal Mail. We want to be transparent about what kind of qualities we are looking for and build trust from the very beginning of your journey with us. The first step is your interview, and we mean ‘your’ interview. We want to give you the opportunity to shine. To enable you to do this, we will provide you with your interview questions ahead of the interview taking place. This will allow you time to prepare, and ensure you have your best examples in mind. Royal Mail Group values both trust, and our people. 
 

Royal Mail are proud of our diverse employee network groups and the active role they play to support belonging and encourage a positive work environment. We are firmly committed to inclusion and passionate about our people representing the communities we serve. 

We are happy to support your need for any adjustments during the application and hiring process. Please share the details within your application if required.

*payments are made in instalments and subject to terms and conditions

We are Forces family friendly and a Gold signatory to the Armed Forces Covenant. We welcome applications from ex-Armed Forces personnel, reservists, veterans, cadet instructors and military spouses/partners.

For more information on Royal Mail Group and our values please click here: https://www.internationaldistributionsservices.com/en/about-us/

#LI-POST  #RMG  #LI-Hybrid 

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