DescriptionPension Insurance Corporation ("PIC") provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service.
All potential candidates should read through the following details of this job with care before making an application.
Our purpose is to pay the pensions of our current and future policyholders.
We achieve our purpose by setting Companywide strategic objectives and driving a healthy culture based on our PIC Values of Resilient, Adaptable, and Loyal.
Role purposeThe role requires the ability to effectively collaborate with Risk, Legal, transitions, Finance and PIC's third party administrators to secure their buy-in and implement improvements to systems, processes, and technology, as appropriate.
You will apply your knowledge and insights of the Customer Operations function and understand how this impacts our policyholders.
To deliver strong business outcomes relating to capital, profitability, the Company brand and market reputation whilst achieving positive outcomes to our policyholders, shareholders, and Trustees on a consistent basis.
Our Company values are expected to be reflected in the delivery and performance of every role. Specific accountabilities assigned to the role of Pension Services TPA Manager within Customer OperationsLead the Pension Services TPA Team, ensuring effective governance and oversight of Third Party Administration partners (TPA partners), and provide support to the Pension Services Technical Manager as required to ensure effective governance and oversight of Buy In Scheme Trustee AdministratorsAct as line manager for direct reports, including objective setting, performance management, personal development planning, and oversight of productivity and quality outcomes.
Oversight of TPA partners work pipeline to ensure delivery against agreed KPIs and SLAs, maintaining high quality standards across complex pension processes, regulatory queries, DSARs, pension increases, overpayment controls, high value payments, and trustee reporting, identifying training opportunities and process improvementsWork closely with internal teams (Transitions, Actuarial, Payroll, and Implementations) to ensure robust processes and scheme knowledge are in place ahead of Buy In administration transfers to TPA partnersSupport forecasting and planning activities for new scheme administration transfers to TPA partners in collaboration with the Pension Services Oversight Manager.
Identify and coordinate delivery of appropriate technical and scheme specific training to ensure team readiness for Buy In Under Admin/ Buy Out transition to TPA partnersIdentify and coordinate general technical support, training and complex query resolution for the Pension Services Oversight team and TPA partnersDeliver ongoing technical support and complex query resolution our TPA partners, fostering strong and collaborative working relationships.
Support the Pension Services Technical Manager with internal and external audit activity, and oversee TPA Partners risk incident management, in line with PIC assurance requirements.
Attend trustee and TPA partners governance meetings as required, fostering excellent relationships and ensuring delivery against agreed governance frameworksPartner with the Pension Services Technical Manager to develop team capability, skills, and accountabilityEnsure TPA partners and Trustee Scheme administrators operate in line with PIC Consumer Duty requirements, monitoring and addressing adherence as necessarySupport the Pension Services Oversight Manager to ensure all TPA Partners provide PIC Policyholders with exceptional customer service, ensuring agreed service standards are met.
Where not being met and agree remedial actions Provide insights concerning the Customer Operations function and how this impacts our policyholdersProduce accurate, high quality management information and reporting for senior management. Drive continuous improvement by identifying and implementing efficiencies within PIC's administration model. Manage ad hoc projects and workstreams as required, ensuring delivery to agreed timescales. Liaise with external regulatory bodies, including the Financial Ombudsman ServiceTakes ownership for their own learning and development in both technical (e.g.
data analysis and critical judgement) and non-technical (self-insight and relationship management) skills of Pension Services Team RequirementsKnowledgeStrong technical knowledge of defined benefit pension schemesEstablished knowledge of pensions administration managementGood knowledge of third- party administration relationship managementGood knowledge of scheme Trustee relationship managementGood knowledge of pension buy-ins, buy-outs and transitionsStrong knowledge of good consumer duty outcomesSkillsStrong organisational skills Strong communication skillsAbility to persuade and influence both directly and indirectlyAbility to manage people and other resources effectivelyAbility to organize work to meet deadlinesAbility to work within defined procedures as recommended by functional teamsEffective collaboration with key stakeholders Good relationship management skillCommercial judgementGood working knowledge of MS Access, MS PowerPoint, MS WordExperienceExperience in managing pension administration teamsExperience of delivering excellent customer service in a defined benefit pensions operations arenaExperience of transitioning schemes into a standard operating modelExperience of delivering good consumer duty outcomes for customersExperience of managing third-party administrators and scheme TrusteesExperience of implementing process improvementsDEI at PIC:At PIC, we believe that true innovation stems from embracing diverse perspectives, backgrounds and experiences.
We are committed to building a workplace where every individual, regardless of race, gender identity, sexual orientation, disability, age, religion, or socio-economic background, feels valued, heard and empowered to succeed.
We hold ourselves accountable through ongoing initiatives, such as inclusive hiring practices, and equitable career development opportunities that support belonging and community.
While we're proud of our progress, we recognise there's work ahead, and we remain dedicated to listening, learning and evolving together. xohmjla BenefitsIn addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you will get access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme and much more. Job SummaryID: FEC92835FCDepartment: Customer OperationsType: full time
Pension Services TPA Manager in Vauxhall employer: Pension Insurance Corporation plc
Pension Insurance Corporation plc is an exceptional employer located in the heart of London, offering a dynamic work environment that fosters collaboration and innovation within our Finance team. We prioritise employee growth through continuous professional development opportunities and provide a supportive culture that values contributions to strategic decision-making. Join us to be part of a forward-thinking organisation committed to robust risk management and capital planning, where your expertise will make a meaningful impact.
Contact Details:
Pension Insurance Corporation plc Recruitment Team
