Pensions Technical Specialist

About the role

At Tesco, we believe in the power of spending more time together, face to face, than apart. So, during your working week, you can expect to spend 60% of your time in one of our office locations or local sites and the rest remotely. We also recognise that life looks a little different for each of us. Some people are at the start of their careers, some want the freedom to do the things they love. Others are going through life-changing moments like becoming a carer, nearing retirement, adapting to parenthood, or something else. That’s why at Tesco, we always welcome a conversation about flexible working. So, talk to us throughout your application about how we can support.

Seeking a highly skilled DB Pension Specialist to join our team. The ideal candidate will have a deep understanding of the technical operational aspects of pension schemes,  regulations, and industry best practices.

This role involves providing expert advice, managing complex pension calculations, and ensuring compliance with relevant legislation and future changes.

You will be responsible for  

Pensions Scheme Management:

• Manage pension scheme documentation, including trust deeds, rules, and policies and processes.
• Monitor legislative changes and ensure compliance with pension regulations.

Pension Calculations and Advice:

• Calculate pension entitlements, lump sums, and tax implications.
• Provide expert advice to employees on pension options and choices.
• Assist with pension transfers and consolidations.
• Deal with complex member queries and any issues that may arise
• Act as a referral point for more complex technical matters

Data Analysis and Reporting:

• Analyse pension data to identify trends and potential issues.
• Prepare accurate and timely pension reports for management and regulatory bodies.
• Ensure data integrity and security throughout the operations team.
• Assist with system configuration and automated calculation updates

You will need  

Technical Expertise:  

• DB experience
• Strong and thorough knowledge of the UK pensions legislation framework
• Strong understanding of pension scheme administration and operations.
• Ability to business impact assess technical changes to the pension scheme operation

Analytical Skills:   

• Ability to analyse complex pension data and draw meaningful conclusions.
• Strong problem-solving and decision-making skills.

Communication Skills:

• Excellent verbal and written communication skills to explain complex pension concepts clearly.
• Ability to build rapport and trust with clients and colleagues.

 

Whats in it for you?

We’re all about the little helps. That’s why we make sure our Tesco colleague benefits package takes care of you – both in and out of work. Click Here to find out more!

• Annual bonus scheme of up to 10% of base salary

• Holiday starting at 25 days plus a personal day (plus Bank holidays)

• 26 weeks maternity and adoption leave (after 1 years’ service) at full pay, followed by 13 weeks of Statutory Maternity Pay or Statutory Adoption Pay, we also offer 6 weeks fully paid paternity leave

• Free 24/7 virtual GP service, Employee Assistance Programme (EAP) for you and your family, free access to a range of experts to support your mental wellbeing

About Us

Our vision at Tesco is to become every customer's favourite way to shop, whether they are at home or out on the move. Our core purpose is ‘Serving our customers, communities and planet a little better every day’. Serving means more than a transactional relationship with our customers. It means acting as a responsible and sustainable business for all stakeholders, for the communities we are part of and for the planet.

Diversity, equity and inclusion (DE&I) at Tesco means that whoever you are and whatever your background, we always want you to feel represented and that you can be yourself at work. In short, we’re a place where Everyone’s Welcome . We’re proud to have been accredited Disability Confident Leader and we’re committed to providing a fully inclusive and accessible recruitment process. For further information on the accessibility support we can offer, please click here.

We’re a big business and we can offer a range of diverse full-time & part-time working patterns across our many business areas, which means that we can find something that works for you.  We work in a more blended pattern -combining office and remote working.  Our offices will continue to be where we connect, collaborate and innovate.