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

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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

About us

Our vision here at Tesco is to become every customer's favourite way to shop, whether they are at home or out on the move.  Our core purpose is ‘Serving Britain's shoppers a little better every day’.  Our business was built with a simple mission – to be the champion for customers, helping them to enjoy a better quality of life and an easier way of living. This hasn't changed. Customers want great products at great value which they can buy easily and it's our job to deliver this in the right way for them.  In the UK, we serve some 66 shoppers every second, so it's our goal to ensure every one of those customers experiences just a little better service on each visit.
We are proud to have an inclusive culture at Tesco where everyone truly feels able to be themselves. At Tesco, we not only celebrate diversity, but recognise the value and opportunity it brings to enable us to serve our shoppers a little better every day. We're committed to creating a workplace where differences are valued, and make sure that all colleagues are given the same opportunities.  We're a big business with diverse working patterns and many business areas which means that we can find something that works for you.  Everyone is welcome at Tesco.
NOTE: Should you be successful in your application, your offer will be subject to and conditional upon you providing your bank account details on your agreed start date.

Application process

Our office application process varies depending on the role and the level of experience needed.

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