Pensions Analyst

Job description

Please note, this role is based out of our Holborn Store Support Centre & Home. Colleagues go into the office 1-2 days per week on average. 

We’re looking for a passionate Pensions Analyst to join our team to help improve the member of experience for the c80,000 members of our defined benefit scheme. You will become an expert of the established benefit testing process completed by an independent third party to ensure compliance with the Rules and legislation. You’ll agree actions with the administrators where issues are identified and track the completion of these. 

More about the role 

• Gain a full understanding of the Scheme’s benefit structure and our Member Experience Strategy
• Support the Head of Pensions in the management of the Scheme’s Third-Party Administrators, AVC provider and Financial Adviser
• Attend, minute and present at quarterly Member Experience Committee meetings. Write papers for these meetings and be responsible for the timely provision of these, and those written by third parties, to the Committee
• Manage cases through the Scheme’s Ill Health process and build a positive relationship with the Scheme’s Ill Health Panel
• With the support of the Head of Pensions manage member complaints. This includes communicating with members by telephone, email and letter. Understand the issues they have raised and agree how best to resolve them
• Ensure compliance with GDPR controls relating to the benefits/member aspects of the Scheme
• Gain a full understanding of the Trustee’s approach to communicating with members
• Implementation of the Trustee’s Digital First Communication Strategy. Regularly review existing communications and suggest new communications to support this 
• Become an expert on the Scheme’s website, suggest and agree new content with the website designer

More about you 

• Experience in the pensions industry, with specific defined benefit scheme experience
• Microsoft Outlook and Word to an advanced standard. Excel to a good standard
• Experience in minute taking and writing papers
• Basic knowledge of DB pensions, governance, and Revenue requirements; DC knowledge useful
• Good organisation and time management, managing various workstreams simultaneously
• Strong communication skills and initiative 
• Effective supplier management

We are committed to being a truly inclusive retailer, so you’ll be welcomed whoever you are and wherever you work. Around here, there’s always the chance to try something new - whether that’s as part of an evolving team or somewhere else across the business - and we take development seriously and promise to support you. We also recognise and celebrate colleagues when they go the extra mile and, where possible, offer flexible working. When you join our team, we’ll also offer you an amazing range of benefits. Here are some of them:
 
 Starting off with colleague discount, you'll be able to get 10% off at Sainsbury's, Argos, TU and Habitat after 4 weeks. This increases to 15% off at Sainsbury’s every Friday and Saturday and 15% off at Argos every pay day. We've also got you covered for your future with our pensions scheme and life cover. You'll also be able to share in our success as you may be eligible for a performance-related bonus of up to 10% of salary, depending on how we perform.  
 
 Your wellbeing is important to us too. You'll receive an annual holiday allowance, and you can buy additional holiday. We also offer other benefits that will help your money go further such as season ticket loans, cycle to work scheme, health cash plans, pay advance (where you can access some of your pay before pay day) as well access to a great range of discounts from hundreds of other retailers. And if you ever need it there is also an employee assistance programme.
 
 Moments that matter are as important to us as they are to you which is why we give up to 26 weeks’ pay for maternity or adoption leave and up to 4 weeks’ pay for paternity leave. 
 
 Please see www.sainsburys.jobs for a range of our benefits (note, length of service and eligibility criteria may apply).