At a Glance
- Tasks: Shape pension strategy and ensure compliance while managing key relationships.
- Company: Join a leading organisation with a commitment to diversity and equality.
- Benefits: Competitive salary, flexible working, and opportunities for professional growth.
- Other info: Dynamic role with travel opportunities and a focus on innovation.
- Why this job: Make a real impact on pension governance and member satisfaction.
- Qualifications: APMI/FPMI qualified with experience in managing large-scale DB schemes.
The predicted salary is between 60000 - 80000 £ per year.
With approximately 57,000 members and assets totalling c£10 billion across three major Defined Benefit funds, our Defined Contribution Master Trust, and legacy schemes, this role offers a unique opportunity to shape strategy and deliver results on a large scale. You will be the Ford UK pensions lead working with the Trustee Boards and our professional advisors. You will hold a high‑visibility position, serving as the Secretary for the Trustee Boards and associated investment companies. You will lead the relationship with our outsourced administration partner (Aptia) and DC provider (Legal & General), ensuring robust governance and compliance in an evolving regulatory environment. Beyond core governance, you will be a key player in our continued de‑risking journey building on the success of previous buy‑ins.
Key Responsibilities
- Act as Company Secretary to three Trustee Boards; managing agendas, minutes, and filings for those Boards.
- Ensure compliance with applicable legislation, regulation and regulator guidance including delivery and coordination of the Trustee Risk Register, Effective System of Governance and ORA requirements.
- Ensure delivery and coordination of all necessary training for the Trustee Board.
- Oversee, and work in regular collaboration with, Aptia to ensure contractual compliance, high member satisfaction and to drive forward enhanced member connection to the administrator.
- Manage high‑level relationships with a suite of other professional advisors, including Scheme Actuary, Legal Counsel, Auditors, Independent Trustees and Covenant.
- Work with the US Corporate & Investment teams, Trustee Boards and external advisors to develop and execute future de‑risking activities.
- Manage the relationship with the Legal & General Master Trust, ensuring effective auto‑enrolment/re‑enrolment processes and high‑quality member service and communications.
- Support Ford Executives with guidance on retirement options and pension implications.
- Act as the subject matter expert within Ford, and be able to advise on and resolve complex cases and complaints.
- Manage the IDRP process, investigating formal complaints and coordinating responses to the Pensions Ombudsman.
- Oversee DC Plan and legacy DB schemes and act as a Trustee/Manager for the Management Healthcare Trust.
Based in Dunton (Essex) with some travel to meetings in London and surrounding area required.
Experience & Qualifications
- APMI/FPMI qualified (or equivalent) with active membership of the PMI.
- Proven track record in managing large‑scale DB schemes, ideally within a major UK corporate, third‑party administrator or consultancy.
- Significant experience of supplier relationship management within a pension administration environment in order to manage and negotiate those contracts.
- Experience of acting as a Trustee Secretary.
- Direct experience of working closely with Union partners.
- Strong understanding of UK pensions legislation, tax regulations and auto‑enrolment compliance.
- Strong pensions governance knowledge, including risk management.
- Clear communicator, both verbally and in writing with the ability to explain and simplify complex matters for Trustee Directors, Management and Members.
- Prior experience in significant projects (buy‑in/buy‑outs) and liability management.
- Good negotiating and influencing skills.
The Company is committed to diversity and equality of opportunity for all and is opposed to any form of less favourable treatment or harassment on the grounds of race, religion or belief, sex, marriage and civil partnership, pregnancy and maternity, age, sexual orientation, gender reassignment or disability. This position is based in Basildon, Essex and it is expected the successful candidate will be able to attend the Dunton Campus for typically 4 days a week and remain flexible on the days they are required to attend the office according to business requirements.
Pensions Manager in Basildon employer: Ford Motor Company
As a Pensions Manager at Ford UK, you will join a dynamic and inclusive work culture that prioritises employee growth and development. With a commitment to diversity and equality, the company offers robust training opportunities and a high-visibility role that allows you to shape pension strategies for a significant member base. Located in Dunton, Essex, you will benefit from a collaborative environment while engaging with top-tier professionals and advisors, ensuring a rewarding and impactful career.
StudySmarter Expert Advice🤫
We think this is how you could land Pensions Manager in Basildon
✨Tip Number 1
Network like a pro! Reach out to connections in the pensions industry, especially those who might know about opportunities at Ford. A friendly chat can sometimes lead to a foot in the door.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of UK pensions legislation and governance. Be ready to discuss how you can contribute to the de-risking journey and enhance member satisfaction.
✨Tip Number 3
Showcase your experience with supplier relationship management. Be prepared to share specific examples of how you've successfully managed contracts and improved services in previous roles.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're serious about joining the team.
We think you need these skills to ace Pensions Manager in Basildon
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Pensions Manager role. Highlight your experience with Defined Benefit schemes and any relevant qualifications like APMI/FPMI. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention your experience in managing large-scale DB schemes and your understanding of UK pensions legislation. Let us know what excites you about working with us!
Showcase Your Communication Skills:As a Pensions Manager, clear communication is key. In your application, demonstrate your ability to simplify complex matters. Whether it's in your CV or cover letter, we want to see examples of how you've effectively communicated with stakeholders.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss out on any important updates. Plus, it’s super easy to do!
How to prepare for a job interview at Ford Motor Company
✨Know Your Pensions Stuff
Make sure you brush up on your knowledge of UK pensions legislation, tax regulations, and auto-enrolment compliance. Being able to discuss these topics confidently will show that you're not just familiar with the basics but also understand the complexities involved in managing large-scale DB schemes.
✨Showcase Your Governance Skills
Prepare examples of how you've ensured compliance and governance in previous roles. Think about specific instances where you managed agendas, minutes, or risk registers. This will demonstrate your ability to act as a Company Secretary and manage high-level relationships effectively.
✨Communicate Clearly
Practice explaining complex pension matters in simple terms. You might be asked to clarify intricate details for Trustee Directors or Management, so being a clear communicator is key. Consider role-playing with a friend to refine your explanations.
✨Highlight Your Relationship Management Experience
Be ready to discuss your experience with supplier relationship management, especially with third-party administrators. Share specific examples of how you've negotiated contracts or improved member satisfaction, as this will be crucial for the role.