Pension Fund Finance Manager
Job Summary
Working Pattern:
Full time
Advert Start Date:
16/06/2021
Advert End Date:
Closed for applications on 07/07/2021 12:00
Job Category:
Finance / Benefits / Revenues / Procurement
Employment Location:
Town Hall, South Shields
Further Information
Pension Fund Finance Manager
(Town Hall, South Shields)
£49,865 pa
This is a key post within the Tyne and Wear Pension Fund, and as part of the Senior Management Team, you will be responsible for developing, implementing and monitoring the financial control environment for the Fund as well as getting involved with the Fund’s investments and leading on the Treasury Management activities of the Fund and the Council.
The role has responsibility for a small team, so you must have strong management and leadership skills, with the ability to communicate effectively and diplomatically right across the board and lead by example. Demonstrating passion and enthusiasm, you will have experience in a finance or pensions environment, with a good understanding of accounting requirements and financial controls.
Ideally, you will also be familiar with working in an investment environment and have some experience of dealing with elected members (investment experience is not essential as training will be provided).
We encourage productive, flexible working and we will provide you with the technology you need to work from a variety of locations. You will be welcomed by a progressive and talented team.
ABOUT SOUTH TYNESIDE COUNCIL AND TYNE AND WEAR PENSION FUND
South Tyneside Council is the administering authority for the Tyne and Wear Pension Fund.
The Tyne and Wear Pension Fund is a high achieving Fund. It is the fourth largest Local Government Pension Fund in England and Wales, which is currently valued at £12 billion. It has over 160,000 members and around 200 active employers, including the five councils within the Tyne and Wear County area and also Northumberland County Council.
We are constantly striving to improve and innovate. We have recently completed the successful merger of the Fund with Northumberland County Council Pension Fund. This was a massive exercise, which involved significant resource and planning to amalgamate the financial records, investment strategies, the funding strategy and member records from each fund.
Investment performance has been extremely positive over the past few years and the current funding level is in excess of 100%. This has led to the Fund initiating a programme of de-risking out of equities in order to provide for a stable investment return in the future. It will take several years to implement this approach to de-risking.
The Fund is one of eleven owners of the Border to Coast Pensions Partnership, our investment pooling partner and the post holder will take an active role helping to shape the overall direction of the Partnership, ensuring appropriate financial controls are in place and investment products are being developed. Building on this successful partnership and strong working relationship, realising the synergies and the opportunities of joint working will be key to the future development of the Fund.
We are a strong performing Fund providing the platform to have a fulfilling, challenging and successful career.
ADDITIONAL INFORMATION
You might find the following of interest in considering this role:
- Pension Fund Website - http://www.twpf.info/
- Pension Fund Report and Accounts - http://www.twpf.info/article/11976/Full-Annual-Reports-and-Accounts
- Investment Policy Documents - http://www.twpf.info/article/11843/Investments
- Service Plan - http://www.twpf.info/CHttpHandler.ashx?id=43209&p=0
- Border to Coast Pensions Partnership Website - https://www.bordertocoast.org.uk/
If you would like to discuss the role please contact Neil Sellstrom – Principal Investment Manager at neil.sellstrom@southtyneside.gov.uk.
Closing date: Noon, Wednesday 7 July 2021.
Please note
This job is closed for applications.