DB Pensions Manager
Hours: 36
Salary: Competitive
Location: Shire Park, Kestral Way, Welwyn Garden City AL7 1GA
United Kingdom
Apply by: 20/05/2021
DB Pensions Manager
Shire Park, Kestral Way, Welwyn Garden City AL7 1GA
About the role
A rare opportunity in our Group Pensions team for a DB Pension Manager.
The successful candidate will hold responsibility for the delivery of Trustee priorities and maintain the high standards of governance for the closed Tesco defined benefit scheme. This is a fantastic career move for someone in the industry to make a move into an in-house team.
You will be responsible for
Ensuring the delivery of the Trustee's objectives including:
- Maintain and update Scheme governance processes/documents, including risk registers
- Manage records of Trustee's meeting material and decisions eg. meeting papers, meeting minutes and actions logs
- Manage advisors/suppliers to deliver advice/services at the appropriate time in line with Trustee business plan
- Make certain member benefit decisions on behalf of the Trustee
- Provide technical support to in-house administration and communication teams
- Support the Trustee in the review process of advisors, including formal tenders
- Manage the process of internal and external Trustee Board effectiveness reviews
- Ensure Trustees are up-to-date with the latest pensions development, and manage Trustee overall and individual training plans, and deliver one-to-one support to Trustees where necessary
- Liaise with Group Corporate Secretariat to ensure regulatory filings are made in line with the Companies Act
- Manage the Scheme's records on tPR's Exchange, including submitting Scheme returns and valuation information
- Liaise with the Pensions Finance Manager to approve certain payments from the Trustee's bank account
- Forecasting and managing Trustee budgets effectively, always being cost conscious
- Following our Business Code of Conduct and always acting with integrity and due diligence
You will need
- Up-to-date knowledge of current and emerging pensions legislation
- Actuary qualified
What’s in it for you
We offer excellent benefits that help make Tesco a great place to work. These include but aren’t limited to:
- Annual bonus scheme where you can earn up to 3.5% of base salary
- Holiday starting at 25 days plus a personal day (plus 8 Bank holidays)
- On-site state of the art gym at our Welwyn Campus with discounted “Gympass” membership & free health checks via Nuffield Health
- Retirement savings plan - save between 4% and 7.5% and Tesco will match your contribution
- Life Assurance - 5 x contractual pay
- Share Schemes – Join our ‘Buy As You Earn’ & ‘Save As You Earn’ share schemes after 3 months service
- Colleague Clubcard (including a 2nd card for a family member) after 3 months service
- Colleague Discounts:
- 10% increasing to 15% after every pay day for a four day period, off most purchases at Tesco
- 10% off One Stop
- 10% off pay monthly & SIM only deals with Tesco Mobile
- 20% off all F&F purchases
- 20% off car, pet and home insurance at Tesco bank. T&C’s apply
- 25% off Tesco Café
- 50% off complete glasses purchases & free eye tests (other offers available) at Vision Express
- 50% off health checks at Tesco Pharmacy
- An exclusive deals and discounts website saving you money on everyday purchases, treats for the family, eating out and utility bills for the home
- Cycle to work scheme
- Shuttle Bus Service to/from Hatfield & Welwyn Garden City Station to Welwyn Campus & Hatfield Offices
- Opportunities to get on - take advantage of our ongoing learning opportunities and award-winning training, to help you achieve the job and career you want
- Our Employee Assistance Programme helps you deal with life’s challenges
- Financial wellness - Tesco has partnered with experts to help you make the most of your money
- Get involved in a range of fundraising activities with our long-term charity partners