Job Summary
Contract Type: Permanent
Working Pattern: Full time
Advert Start Date: 11/11/2024
Advert End Date: 02/12/2024 23:59
Salary: £81,199 per annum plus benefits and relocation allowance
Hours per week: 37
Job Category: Finance / Benefits / Revenues / Procurement
Vacancy ID: 272652
Employment Location: Town Hall, South Shields/Hybrid Working
Post Number: BR07624
Number of posts: 1
Closing date: 2 Dec
Further Information
Welcome and thank you for your interest in learning more about South Tyneside Council (as Administering Authority for the Tyne and Wear Pension Fund) and this very exciting role.
Serving more than 200 active employers, the Tyne and Wear Pension Fund is already a high achieving Fund; it is the fourth largest Local Government Pension Fund in England and Wales and is currently valued at £13.5 billion. It has over 190,000 members, including the five councils within the Tyne and Wear County area and Northumberland County Council.
Recently, we have announced a pensions administration shared service with the Teesside Pension Fund. This will see the Tyne and Wear Pension Fund providing pensions administration services for the Teesside Pension Fund, its members and employers. The shared service will be one of the largest operations in the Local Government Pension Scheme and this makes it a very exciting time to join us.
Despite our continued success, we are not complacent, and we are looking to build on our existing reputation, as we seek to constantly improve and innovate. We are looking to rise to the challenge of meeting the increasing demands of the Local Government Pension Scheme as well as the wider pensions industry. As we look to continue this journey that is where you come in.
We are looking forward to recruiting a new Principal Governance and Funding Manager who will further develop our ambition and who will plan, implement and maintain our funding strategy as well as driving continuous improvement, and ensuring that appropriate governance arrangements are in place. This is a strategic and high-profile role which sits across the entirety of the pension fund and contributes towards the running of the pensions service overall. The role comes with significant autonomy but is well supported by an experienced Governance and Funding Team and the wider leadership team.
This is an important role which has responsibility for the funding strategy for the Tyne and Wear Pension Fund and for monitoring and improving its governance arrangements. Forming a key part of the senior management team, you will work closely alongside the Head of Pensions, Principal Pensions Manager and Principal Investment Manager in shaping the overall strategic direction for the service. You will also work closely with the Fund Actuary and play a key role in setting the employer contribution rates as well as continuing to monitor their performance.
Ideally you will have a strong understanding of the Local Government Pension Scheme Regulations and associated legislation, including knowledge of the current issues and regulatory environment affecting a local government pension fund.
We are a strong performing authority, and you will be welcomed by a talented, passionate and high performing workforce. We are able to offer you our full support and guidance and genuinely believe this is a fantastic opportunity for career development offering you the platform to have a fulfilling, challenging and successful career in a beautiful and accessible region.
If this fast-paced commercial role sounds appealing, we would very much like to hear from you. Whether you have a background in pensions, finance or law, this superb role will provide an excellent platform for an ambitious individual who can fully appreciate the potential of where this role might take you in the longer term. Governance is very much a progressive area within the pensions sector and as such, this is an opportunity to be part of an innovative, forward-thinking team.
We encourage you to click the below link to visit our campaign website which includes more information on the Fund, the role, key useful documents and how to apply: https://nyresourcing.co.uk/principal-governance-and-funding-manager/
Closing date: Midnight Monday 2 December
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