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- Tasks: Lead pension strategy and ensure effective administration for a major energy company.
- Company: Northern Powergrid, powering 8 million customers with innovative technology.
- Benefits: Competitive salary, up to 20% performance bonus, and excellent career growth opportunities.
- Other info: Collaborative environment with opportunities to develop leadership and communication skills.
- Why this job: Make a real impact on pension services while working in a dynamic energy sector.
- Qualifications: Strong analytical skills and experience in pension management required.
The predicted salary is between 75000 - 80000 £ per year.
The energy industry is advancing with investment in smart technology innovation and Northern Powergrid, as the company responsible for powering everyday life for 8 million customers across 3.9 million homes and businesses in the Northeast, Yorkshire and northern Lincolnshire, is at the forefront of delivering a power network that meets the region’s needs, now and in the future.
We are looking for a Pensions Manager to join the Finance team and be based out of our Castleford or Newcastle office. As the Pensions Manager, you will lead on all pension matters including the development of a pension provision strategy that meets the business’s requirements. You will represent the business’s interests to the Trustees of the business’s pension schemes and ensure effective administration and governance of the schemes.
A key element of the role is to provide leadership to the Pensions Analysts to deliver opportunities to improve the pension scheme services to the benefit of the business and the members; identify pension related risks and provide solutions; and maintain all regulatory compliance.
Along with a competitive salary between £75,000 - £80,000 (depending on experience) we also offer great benefits such as:
- Up to 20% annual performance bonus
- Excellent opportunities for career growth
Key Responsibilities
- Ensure high standards of customer service to pension scheme members;
- Develop and monitor the pension team members to ensure they are committed to performing their roles effectively.
- Oversight of the Group Trustees annual financial budget;
- Company nominated EPL director to ensure efficient running of ESPS, and ensuring Company’s views are considered.
- Ensure the payment of required pension contributions, company and member, to the respective schemes;
- Lead the business’s pensions activity by maintaining technical pension knowledge and provide insightful understanding of changes to regulations or legislation, and potential effects on the business.
- Lead the regular auto-enrolment reviews and ensure the submission of the declaration of compliance.
- Lead the business’s liaison with the Group Trustees of the ESPS, and ensure the business’s interests are considered.
- Maintain the financial responsibility of the pension team budgets, including settlement of all invoices in a timely manner.
- Co‑ordinate the Pensions Committee meetings and act as Committee Secretary to ensure efficient operation.
- Develop and maintain relationships with internal teams (HR, Payroll), as well as external advisers to ensure a smooth provision of services.
- Manage all regulatory reporting compliance with Ofgem, The Pensions Regulator and Pension Protection Fund.
- Strong performance management capability with a focus on developing self, others to achieve targets and goals and continuously improve performance.
- The ability to communicate with and explain complex pension matters to non-finance people, influence key decision-makers and to think long term.
- Ability to forge strong relationships with all relevant members of the directorate and be able to communicate key messages clearly and concisely.
- Ability to understand complex pension legislation and convert these into a clear, coherent position.
- Driven individual with a focus on developing self and others to achieve targets and goals, continuously improving performance.
- Ability to manage change and drive performance standards.
Qualifications and Experience required
Strong analytical skills.
Pension Manager employer: Northern Powergrid
Contact Detail:
Northern Powergrid Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pension Manager
✨Tip Number 1
Network like a pro! Get out there and connect with people in the energy and finance sectors. Attend industry events, join relevant LinkedIn groups, and don’t be shy about reaching out to current employees at Northern Powergrid. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company and its pension schemes. Understand their current strategies and challenges. This will help you tailor your answers and show that you’re genuinely interested in how you can contribute to their goals.
✨Tip Number 3
Practice your communication skills! As a Pensions Manager, you'll need to explain complex pension matters clearly. Grab a friend or family member and run through some common interview questions, focusing on how you’d break down complicated topics for non-finance folks.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the team at Northern Powergrid. Let’s get you that dream job!
We think you need these skills to ace Pension Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Pensions Manager role. Highlight your experience in pension management, regulatory compliance, and team leadership. We want to see how your skills align with what we’re looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about the energy industry and how your background makes you the perfect fit for our team. Keep it engaging and relevant to the job description.
Showcase Your Leadership Skills: As a Pensions Manager, leadership is key. In your application, share examples of how you've led teams or projects in the past. We love seeing candidates who can inspire and develop others!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at Northern Powergrid!
How to prepare for a job interview at Northern Powergrid
✨Know Your Pensions Inside Out
Make sure you brush up on your knowledge of pension schemes, regulations, and recent changes in legislation. Being able to discuss these topics confidently will show that you're not just familiar with the basics but are also proactive about staying informed.
✨Showcase Your Leadership Skills
As a Pensions Manager, you'll be leading a team. Prepare examples of how you've successfully managed teams in the past, focusing on how you've developed others and improved performance. This will demonstrate your capability to lead the Pensions Analysts effectively.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific situations, such as managing regulatory compliance or dealing with complex pension matters. Think through potential scenarios and have clear, structured responses ready to showcase your problem-solving skills.
✨Build Relationships with Stakeholders
Highlight your experience in liaising with various stakeholders, including trustees and internal teams like HR and Payroll. Be ready to discuss how you've built strong relationships in the past and how you plan to do so in this role, as collaboration is key.