An exciting opportunity has arisen within one of the UK’s largest pension funds to support delivery of its Data Management Strategy and play a key role in supporting members.
The West Midlands Pension Fund is one of the largest UK pension funds, ranking fourth in size across the Local Government Pension Scheme. Administered by City of Wolverhampton Council, it has a historic place within the region in supporting its partner councils across the West Midlands.
The Fund manages and administers the pension benefits of over 330,000 members across more than 700 employers – making data management a core function and central to its ability to provide a high quality service its customers.
In 2019 the Fund adopted its Data Management Strategy, placing strategic focus on the Fund’s ability to maintain member data and pay pension benefits when they fall due. The strategy was developed in response to renewed focus from the Regulator for good record keeping. Over the last two years the Fund has seen an exponential increase in its data quality through its monthly submissions programme and focussed stakeholder engagement.
A new role has been created that will be paramount to continuing this success by leading the Fund’s Data Analyst Team in the identification and rectification of member data which supports the timely and accurate payment of pension benefits, supports the Fund’s ability to assess its liabilities as part of the Actuarial Valuation, and enhances the reputation of the Fund through statutory reporting on good data quality. Helping to further our strategic aims and championing the Fund as an innovator and leader across the pensions industry.
Key to the success of the role will be a good technical understanding of Pensions Data across a variety of scheme rules and the impact incorrect data has on the ability to calculate pension benefits.
Crucially, this role requires an analytical mind to support the development of performance reporting to drive improvement and complex comparative analysis. They will undertake root cause analysis where reporting outputs identify rectification requirements in pensions data and design, implement and manage the rectification through priority assessment and workload management of the Pensions Data Analysts.
The Lead Data Analyst will report to the Data Manager and be directly responsible for 4 x Pensions Data Analysts.
For further information about these roles please contact WMPFrecruitment@wolverhampton.gov.uk
Join a place where people feel proud to work. To learn more about the Fund's values and the benefits available, visit https://www.wmpfonline.com/careers
Closes: 14 Feb 2021