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.
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.
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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