Pensions Opportunities Glasgow, Scotland
Job description
Pension roles
Glasgow (Hybrid working)
Competitive salary, plus performance related bonus
Permanent, happy to talk flexible working
Help us create a better future, quicker
Scottish Power has two defined benefit schemes, plus one stakeholder pension scheme. The two defined benefit schemes are closed to new entrants but remain open to future benefit accrual. These are large and very complex schemes which are currently overseen by boards of Trustees and managed by a team of 8 based in Glasgow, headed up by the UK Pensions Director.
Due to a busy pension agenda and as part of succession planning, the inhouse Pensions Team is expanding and several roles are available. Given the rich variety of work undertaken, this would ideally suit candidates from a variety of pension backgrounds, e.g. actuary / actuarial analysts, pension investment analysts or governance and pensions administration . This is an exciting and rare opportunity for any pension professionals seeking to transition inhouse, or existing inhouse pension professionals looking to join a dynamic and busy team.
What you’ll be doing
The specific job descriptions will vary by role. All roles will support the Pensions Director and wider team to deliver a best in class service to the Trustee Boards and support the corporate sponsor to develop strategy and approach on key pension matters, as well as the opportunity to drive critical projects. Whilst the roles will focus on the UK Pensions schemes, they will have a strong working relationship with our Iberdrola Group Pensions function.
Depending on your specific background, roles vary from assisting the Trustee Boards in managing the third party administration to providing input on funding objectives, investment strategy, liability management and general analytical support to Corporate, Iberdrola HR and Group Finance in relation to pension costs.
Successful candidates will ensure legal and regulatory compliance in line with UK standards, ability to improve business practices while contributing to the economic, efficient, and effective use of resources.
You will build and maintain successful relationships with key external stakeholders e.g., auditors, lawyers, trustees as well as internal functions, e.g. Internal Audit, Tax, Finance and as a member of the HR function, contributing to the wider reward & benefits agenda, providing appropriate technical pensions support.
What you’ll bring
To join, you’ll be an experienced pensions professional with knowledge of the UK Pensions landscape. Professional qualifications such as PMI, actuarial or investment are desirable, but not essential.
There are several roles available so experience in any of the following is desirable (not necessarily all of the below):
· Knowledge and understanding of IAS19 pension accounting
· Pension investment
· Pensions financial management, e.g. scheme accounting/audits, pension tax considerations, scheme returns
· Pensions administration
· Pensions project management
· Experience of reporting to a regulatory body such as Ofgem.
· Experienced user of all Microsoft Office applications at advanced level.
It is important that you are a strong team player able to work well in a small dynamic team, providing support and assistance to colleagues as required. You will have a solid track record of being able to multi-task projects, sometimes with competing priorities..
You will have the ability to balance the potentially conflicting needs of the Group and the Trustees whilst maintaining the appropriate level of confidentiality and independence. Successful candidates will have excellent written and verbal communication skills. You will be resilient, able to work flexibility, have the ability to adjust quickly according to changing priorities, and be able to draw on prior experience, expertise, to work with key members of the wider pension team to deliver results. Being results oriented and delivery focused, you’ll have a proactive approach and ability to provide hands-on support.
What’s in it for you
As well as a competitive salary, you can also enjoy a number of other benefits. With our pension scheme, we’ll double match your contribution up to a company contribution of 10%.
And at ScottishPower, we believe it’s the little things we do in life that make a big difference. From helping you look after your family’s wellbeing, save for your future and take personal steps for climate action – our benefits are designed to help you do just that - so that you have everything you need to take care of your world – today and tomorrow. That’s why our benefits include:
· 36 days annual leave
· Holiday purchase – perfect your work/life balance with extra annual leave
· Share Incentive and Share Save Schemes
· Payroll giving and charity matched funding
· Technology vouchers – spread the cost of your technology purchases
· Count us in – pledge to reduce carbon emissions and help fight climate change
· Electric Vehicle Loan Scheme
· Cycle to work scheme and season ticket loans
· And options to purchase dental or health insurance, shopping and gym discounts, nudge financial wellbeing support, and many more
Why ScottishPower
ScottishPower is part of the Iberdrola Group, one of the world’s largest integrated utility companies and a world leader in wind energy. With a commitment to generate all of our energy from renewable resources and a drive to create the energy infrastructure of the future, we’re at the forefront of the journey to Net Zero and investing over £6m every working day to make this happen. With diverse opportunities across our businesses and a commitment to invest in our own internal talent, ScottishPower can offer people real career opportunities that meet personal and professional goals, in a global organisation.
Inclusion, diversity, and a social purpose are at the heart of everything we do. Together with our values, they bring us together into a stronger, more sustainable business with direct links to the communities we serve. It takes all kinds of people to build a large-scale business like ours, so whatever your background, you’ll fit right in.
ScottishPower is committed to providing reasonable support or adjustments in our recruiting processes for candidates with disabilities, long term conditions, mental health conditions, or who are neurodivergent or require pregnancy-related support. If you need support, please reach out to [email protected].
Job Types: Full-time, Permanent
Benefits:
- Company pension
- Employee discount
- Private medical insurance
- Work from home
Flexible Language Requirement:
- English not required
Schedule:
- Monday to Friday
Supplemental pay types:
- Performance bonus
Work Location: Hybrid remote in Glasgow
Reference ID: Pensions
