Pensions Investment Oversight Manager

Job Title: Pensions Investment Oversight Manager

Location: Frimley; Surrey. We offer a range of hybrid and flexible working arrangements – please speak to your recruiter about the options for this particular role.

Salary: £58,000 + depending on experience

Who we are: 

Join BAE Systems and you’ll be part of something bigger. As a valued member of our global colleague network, you’ll bring your unique skills and perspectives to help pioneer progress and protect what matters most. You’ll be trusted to play your part in delivering the advanced, technology-led defence, aerospace and security solutions of tomorrow, shaping a safer future, for all of us.

From the depths of the ocean, to the far reaches of space, there’s no limit to where a career at BAE Systems could take you.

Job Description:

As Pensions Investment Oversight Manager, you will be responsible for overseeing the governance, valuation and reporting of pension scheme investment assets. Working closely with external providers, auditors and internal stakeholders, you will ensure the accurate delivery of investment-related financial information, support corporate and pension scheme accounting requirements, and maintain effective controls over investment reporting processes. The role will play a key part in ensuring regulatory and accounting compliance while driving continuous improvement across investment oversight activities.

Core duties:

• Oversight of services provided by the investment manager and global custodian and participation in service review meetings and further development of reporting against KPI metrics
• Ensuring all investment asset reporting requirements are delivered to stakeholders – this includes corporate and pension scheme accounting, and any other asset values for reporting or modelling purposes
• Supporting the accuracy of the disclosures in the relevant financial statements, both in the BAE Systems plc accounts and also pension scheme accounts
• Liaising with external auditors in relation to queries on investment asset reporting, and disclosure requirements
• Oversight of the valuation processes and the controls required to review the validity of private markets valuation statements for the relevant assets, and ensuring process complies with reporting requirements
• Managing all stakeholder queries in relation to investment assets, liaising with other team members and management of the delivery of work when support is sought from others
• Building an understanding of the processes in place with the providers and working together to enhance or streamline processes

Essential Skills:

• Fully qualified accountant (ACA, ACCA or CIMA)
• Experience of investment and pension scheme accounting
• Knowledge of investment asset classes, including equities, property, private markets and derivatives, and the related accounting and disclosure requirements within corporate and pension scheme accounts

The Team:

An exciting role within a small, dynamic team that is part of the larger in-house Pensions team. Reporting into the Head of Pensions Finance, you’ll have the opportunity to oversee the governance and controls required for the valuation and reporting of a substantial portfolio of investment assets owned by the pension schemes. This interesting role offers a broad range of responsibilities and exposure to senior stakeholders and trustees of the pension schemes. You’ll work closely outsourced providers with the opportunity of putting your own spin on the role and shaping it to make a real impact.

Why BAE Systems?

Here you’ll build a career with purpose and limitless possibilities. With lifelong learning and meaningful work, this is a place where you can grow your career with confidence and be empowered to be your best. You’ll be recognised for your contribution and enjoy rewards tailored to what’s most important to you and your family, support for your financial and personal wellbeing, as well as a balanced lifestyle. In an environment embracing sustainable ways of working and with a strong sense of shared purpose, our supportive culture is a place you can feel you belong and proud of the difference you make.

A place where everyone can thrive:

We’re committed to building an inclusive workplace where everyone feels valued and supported. We know that a diversity of backgrounds, perspectives and experiences strengthens our teams and is vital to the work we do.

Please be aware that many roles at BAE Systems are subject to both security and export control restrictions. These restrictions mean that factors such as your nationality, any nationalities you may have previously held, and your place of birth can restrict the roles you are eligible to perform within the organisation. All applicants must as a minimum achieve Baseline Personnel Security Standard. Many roles also require higher levels of National Security Vetting where applicants must typically have 5 to 10 years of continuous residency in the UK depending on the vetting level required for the role, to allow for meaningful security vetting checks.

Closing Date: 7th October 2026

We reserve the right to close this vacancy early if we receive sufficient applications for the role. Therefore, if you are interested, please submit your application as early as possible.

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