Pensions Manager | MKF498

  • Job Reference: 00001872-1
  • Date Posted: 14 February 2025
  • Recruiter: McKenzie Fox
  • Location: Isle of Man
  • Salary: On Application
  • Job Type: Permanent

Job Description

We are currently working with a leading client who is looking to hire an experienced Pensions Manager. This dynamic role offers the opportunity to manage a team within the Pensions department, overseeing various responsibilities that contribute to the smooth operation of the pension administration process.

Key Responsibilities:

  • Pension Scheme Administration: Oversee a wide range of pension schemes, including international and domestic master trusts, group and personal/occupational pension schemes, QROPS, and QNUPS.
  • Contributions and Benefits: Administer contributions and manage benefit payments for clients.
  • Investment Facilitation: Assist with implementing new investments in both portfolios and unquoted companies.
  • SIPP Management: Manage GAD calculations, pension payments, and annual tax returns for all SIPPs clients.
  • Staff Management & Training: Provide support and guidance to Pension Executives and Senior Pension Executives, ensuring that their work is checked and high-quality service is maintained.
  • Tax & Reporting: Prepare and submit VAT returns for SIPPs and manage annual CRS & FATCA reporting.
  • Property and Loans: Liaise with advocates, solicitors, and estate agents regarding property-related matters and handle loan agreements and security documentation.
  • Pension Scheme Rules: Interpret and apply pension scheme rules and regulations, as well as manage trustee appointments and retirements.
  • Client & Trustee Interaction: Directly liaise with clients, trustees, investment managers, IFA's, and other third parties.
  • Pension Transfers & Scheme Dissolutions: Oversee pension transfers and manage scheme dissolutions, including fund remnant payments, deaths, and transfers out.
  • New Client & SIPP Formation: Oversee the new client onboarding process and assist in the establishment of new SIPPs.
  • Ad Hoc Projects: Support with various ad hoc tasks and projects as required.

Qualifications Required:

  • 5 GCSEs or equivalent at grade C or above

Experience Required:

  • Extensive experience in pension administration, particularly in managing staff
  • Proficiency in Microsoft Office (especially Excel and Word)
  • Knowledge of VT, CCH, and Laserfiche is desirable but not essential

Training:
External and internal training will be provided, with opportunities for continuous professional development.

Benefits:

  • Medicash health plan
  • Flexible working hours and opportunities
  • Contributory pension scheme
  • Study support and personal development programmes
  • Ongoing CPD support
  • Discounted gym membership

If you are an experienced Pensions Manager looking for your next career opportunity or want to learn more about this role, please get in touch. This is a fantastic opportunity to lead a team and make a significant impact within the Pensions department.