TPR is responsible for protecting workplace pensions in the UK, working with employers and those running pensions to help people save safely for their retirement. We have an excellent office location in the heart of Brighton and have a diverse, lively and professional growing workforce.
We are committed to making TPR a great place to work and doing all we can to support our people to reach their full potential. Join our expanding team for the chance to be a part of the biggest change to pensions in a generation.
The Pensions Regulator will shortly take on an additional responsibility, that of the authorisation and supervision of Master Trusts in accordance with the requirements of the Pension Schemes Act 2017 and the forthcoming Occupational Pension Schemes (Master Trusts) Regulations 2018. We’re looking for Business Analysts to critically assess the financial viability, scalability and sustainability of Master Trusts and their funders within an authorisation and supervision regime.
• Make a judgment on the financial sustainability of a Master Trust, by analysing audited and management accounts and Business Plans to determine (on a case by case basis) the risk each scheme poses and challenging the scheme’s assumptions on their capital, asset and liquidity requirements;
• Provide robust, advice to the Regulator which will include advice on the financial position of the sponsor or funder (s) of the master trust and the master trust itself;
• Peer review analysis undertaken by other Business Analysts;
• Meet with Scheme Funders, Scheme Strategists and trustees of Master Trusts to seek financial, management and market intelligence to assist the critical assessment required for a master trust to meet authorisation;
• Critically assess medium term business plans for Master trusts and their achievability in light of our understanding of the individual circumstances of the Master Trust and knowledge of the activities and ambitions of competitors;
• Assist in the development of operating procedures, standard correspondence, internal escalation and other reporting documents for all aspects of the authorisation and supervision of master trusts;
• Contribute to the development of well-informed, consistent lines to take for public communications;
• Contribute to the drafting of the Code of Practice and Guidance.
Essential and Desirable criteria
• A qualified accountant or finance professional with demonstrable experience of understanding, analysing and dealing with corporate businesses of all sizes from owner-managed up to and including FTSE 100 listed companies;
• Experience of meeting with board level directors and challenging their interpretation of the financial information relating to their company;
• Ability to analyse, understand and critically challenge statutory accounts, management accounts, breakeven analyses, cashflows and medium term cashflows and business plans;
• Experience in knowledge management;
• Knowledge of the potential risks within the Master Trust market;
• Understanding of asset types which may be held by schemes as reserves and their associated adequacy requirements.
• Identify, prioritise and plan effectively
• Deliver appropriate outcomes in line with our objectives
• Evaluate, learn, adapt and improve
• Understand our audience
• Communicate clearly
• Build good working relationships
Salary and benefits
As well as a salary of £91,879, we offer:
• Civil Service Pension arrangements, which are recognised as some of the best in the pensions world
• discretionary bonus arrangements
• 25 days annual leave provision
• flexible working arrangements
• development opportunities
• enhanced parental leave arrangements
• a free employee assistance programme
• an excellent office location.
How to apply
We provide an exciting, supportive and flexible working environment, and are committed to helping our people meet their full potential.
The Pensions Regulator is an inclusive employer and offers equal opportunities to all regardless of an individual’s age, disability, gender identity, marriage or civil partnership status, pregnancy or maternity, race, religion or belief, sex and sexual orientation.
Candidates who declare that they have a disability and who meet the essential criteria for the job will be offered an interview.
Applications will be considered on a part time and job share basis.
Please send your CV and a covering letter, with details of how your experience and skills meet our essential criteria to firstname.lastname@example.org
, and inform your line manager of your application.
Employees within their first 12 months of employment who want to apply for this vacancy should first contact their line manager to discuss their application.
If you have any enquiries with regards to this role or if you have a disability and wish to request a reasonable adjustment at any stage of the recruitment process, please email email@example.com