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Senior Pension Consultant

Employer
Essex County Council
Location
England, Essex, Chelmsford
Salary
Up to £35027 per annum
Closing date
16 Sep 2021

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Sector
Corporate Services, Finance
Job role
Officer
Contract Type
Full time
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Job Purpose

Essex has one of the largest Pension Funds in the country and is at the forefront of how pension professionals interpret the impact of a changing regulatory environment across Police, Fire and Local Government Pension schemes in respect of over 160,000 people.

The Senior Pension Consultant is the fundamental to the funds ability to function effectively. Applying advanced practitioner knowledge and experience to a complex discipline, the role directly supports the Team Manager by authorising team outputs and delivering coherent guidance to a range of stakeholders.

With substantial experience in the practical application of pension regulations', holding a Diploma or Level 2 Certificate in Local Government Pension Administration, the role will have a track record of evaluating individual members' circumstances, examining and analysing calculations, implementing training programmes for pension staff plus strong mentoring and influencing skills.

Service/Functional Accountabilities

Accountable for the assessment of individual member's pension needs from routine through to highly complex workloads, to support team planning and prioritising in the delivery of the Funds Administration Strategy.

Responsible for developing, delivering and maintaining best practice guidance across all areas of pensions including complex interdependences of on boarding and transferring service, understanding of the mitigations of mis-selling of pensions and the impact of the regulatory scheme pays and National Fraud initiative.

Act as highly skilled Practitioner, assisting to the Team Manager, in delivering the full range of "cradle to grave" life cycle events covering all aspects Police, Fire and LGPS administration and mentoring/training colleagues.

Responsible for evaluating individual members' circumstances, examining and analysing calculations, controlling and authorisation of financial transactions on all aspects of service.

Responsible for improving service delivery to employers and members by promoting interaction/feedback with the new digital self-service UPM modules.

Accountable for the management and co-ordination of the Pension champion groups (i.e. Knowledge Centres) to ensure collective learning and capturing of requisite changes to processes and procedures.

Translate new statutory instruments ensuring individuals' pension provisions comply with legal obligations, whilst enabling fund activities to meet The Pensions Regulator's expectations.

Responsible for managing and resolving complaints received, delivery of complex aggregation scenarios, providing assistance to employers, navigating Organisational Redesign programmes and supporting management of pensions payroll.

Responsible for providing advice and guidance to Employers, Regulatory bodies, Financial advisors and Solicitors on complex cases across the full membership population.

Specific individual and shared targets and objectives are defined annually within the performance management framework.

Dimensions

Budgetary responsibility (direct or indirect impact): Responsible for the evaluation of circumstances, checking and analysis of calculation and payment of benefit in relation to the Fund's short and long term pension £9bn liability to c.160,000 members across 700+ employers that give rise to c £300 million annual payments. Act as Level 5 authorised signatory for up to £2 million under the Essex Pension Fund's Approvals Management Engine.

People management (including direct reports): Matrix support management and mentoring of Pension consultants collaboratively across all teams. Provide cover in the absence of the team manager and lead in areas of specialism if required.

Breadth of role: The role requires the post holder to work across the three existing benefit structures in the LGPS (pre 2008 80ths; post 2008 60ths and post 2014 Career Average) and a total of 9 separate benefit structures across Police and Fire schemes on behalf of over 160,000 members from over 700 separate employers (including all major tax raising bodies within the County).

Skills, Knowledge and Experience

Educated to degree level and/or relevant payroll/pension qualification and Holder of Stage 2 certificate level in Local Government Pensions Administration or equivalent by significant experience within the Police, Fire and LGPS.

Evidence of continuing professional development and expert knowledge in relevant professional area. Adherence to/completion of the administration and governance modules of the CIPFA knowledge and skills framework.

An extensive understanding of Pensions employment issues in law, with a detailed knowledge administration, payroll applications and legislative tax requirements of all schemes.

A proven ability to comprehend rapidly changing Pensions legislation and translate into usable approaches with strong communications, listening and team working skills.

A track record of communicating and influencing with stakeholders to implement pension solutions to a satisfactory outcome. An experienced user (including manual application) of UPM software.

The ability to anticipate new Pensions ways of working, review, adapt and challenge processes aiming for "best in class" outcomes whilst garnering support amongst peers for their adoption.

Experience of building strong relationships across the Council and with external organisations which are collaborative and influential in their nature to achieve strategic objectives.

Good leadership and behavioural skills, as evidenced by achieving significant results through high performing teams and developing talent with advanced IT skills.

If you have queries on this role or require anything further, please or call us on 0333 013 5888. Lines are open Monday to Friday between 08:30 - 16:30

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