About The Role
We have a fantastic, unique opportunity for a self-motivated, organised individual to join our friendly team as a Deputy Pensions Partner.
Working closely with our Pensions Partner, the pension scheme Trustees and the Company, our successful candidate will maintain and deliver all aspects of LV=’s defined benefit and defined contribution arrangements.
Utilising their in-depth knowledge, they’ll support the Pensions Partner in the delivery of various initiatives across the schemes.
This role is fundamental in ensuring the effective management of each of our Schemes and provides strong technical and operational support to LV=’s pension arrangements, in collaboration with professional advisers, ensuring compliance with legislative requirements and best practice.
Key Responsibilities
* Working with the Pensions Partner to ensure governance of the Schemes are maintained to a high standard, including monitoring and completing daily, monthly, and annual pension scheme governance tasks and regulatory reporting.
* Managing and attending Trustee Board and Sub Committee meetings, presenting, minute-taking and monitoring/managing actions through to completion.
* Working with scheme advisers (actuaries, administrators, legal counsel) to ensure compliance and best practice.
* Contributing to risk management, internal controls, and audit processes related to pensions, and supporting continuous improvement (making recommendations to improve the pension arrangements in response to member feedback and scheme performance).
* Supporting the Pensions Partner in advising the Company on funding strategies, regulatory changes and pensions policies.
* Liaising with the Trustee Board, Sub Committees, third party administrators and advisers, and encouraging clear and regular communication between actuaries, administrators, lawyers, consultants and investment managers
* Providing excellent technical support to the pension scheme Trustees and the Company, dealing with both regular and complex pension issues.
* Responding to queries from employees and pension scheme members, resolving any complaints, and supporting cases going through the Internal Dispute Resolution Procedure.
* Maintaining knowledge of the external environment and keeping up to date with regulatory and legislative developments to help support business needs.
* Managing and coordinating the effective delivery of pensions projects, managing the annual report and accounts, as well as ad-hoc projects, in line with pension scheme and business requirements.
* Ensuring projects are delivered on time, within budget, and in line with stakeholder expectations.
* Supporting the day-to-day operations of the pensions function, including employee communications, scheme data integrity and reporting.
* Providing support and guidance to the Pensions Administrator when required.
* Deputising for the Pensions Partner where appropriate.
About You
Our ideal candidate will…
* Have in-depth, technical knowledge of defined benefit and defined contribution pension schemes.
* Understand the UK pensions legislation, governance requirements and funding issues, plus understand the wider pensions industry.
* Be able to engage with senior stakeholders and manage third-party advisors.
* Demonstrate excellent written and verbal communication skills, with the ability to competently record minutes during meetings.
* Effectively manage competing priorities and projects, and achieve high-quality outcomes, within an agreed timeframe.
* Have a keen eye for detail, with strong project management, planning, and data analysis skills.
* Showcase good knowledge of Microsoft programmes, particularly Excel.
* Enjoy working as part of a team and exhibit strong planning and organisational skills.
* Be influential, organised and have a real desire to learn and develop within the role.
Rewards & Benefits
At LV= Life and Pensions, you’ll go above and beyond to do the right thing for our customers. We’ll reward you with an attractive, competitive salary and benefits package in exchange for your hard work. This includes:
* 26 days' holiday, which increases to 28 days after 2 years of service.
* The opportunity to buy or sell up to 5 days’ holiday.
* An annual bonus scheme based on company & personal performance.
* Flexible benefits, including a cycle to work scheme, health assessment, Personal Accident Insurance, critical illness cover, Private Medical Insurance and Dental Insurance.
* A competitive pension for which LV= Life and Pensions will double-match the amount you pay, up to 14%
* Group Life Assurance of 4 x basic pay to your dependents - you’ll have the option to increase to 8 x cover.
* Group Income Protection, (if you're a member of the Pension scheme and reach 5 years of service).
* Employee Assistance Programme (EAP) service for support through difficult times in your life.
* Virtual GP service.
* Shared parental leave.
* Up to 20% discount on our life products for you and your immediate family.
Please note that we are unable to offer Skilled Worker Visa Sponsorship for this role. Therefore, you must ensure that you are eligible to work in the UK without our sponsorship in order for your application to be considered.
About Us
Here at LV= Life and Pensions we love to hear from great people, so don’t forget to connect with us on social media.
We’re proudly an equal-opportunity employer and we highly value diversity and inclusivity.
We don’t discriminate on race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
We’re also open to conversations about flexible working as part of your application - if it’s right for our customers, our business and for you, then we’ll do everything we can to make it happen.
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