Pension Scheme Manager (Defined Benefit)

Job Title: Pension Scheme Manager (Defined Benefit)

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: Circa £62000 depending on experience plus executive benefits

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.

What you’ll be doing:

You will work closely with the Head of Defined Benefit Pensions in the Trustee & Member Services team, supporting the oversight of all United Kingdom defined benefit pension schemes and Trustee Boards, which collectively manage a fund of £23.6 billion and over 150,000 members. Your role will involve ensuring full regulatory and legislative compliance, and maintaining effective working relationships with regulatory bodies on behalf of the Trustees. You will provide guidance and support to Trustee Boards, sub-committees, the Consultative Committee, Joint Pensioner Committees, participating employers, Human Resources, and Employee Relations on matters relating to the Schemes and their members. In addition, you will drive continuous improvement and enhance the effectiveness of both the Trustees and the Schemes by collaborating with professional advisers and providers, and by contributing to the efficient operation of all United Kingdom defined benefit pension arrangements.

Core duties:

• Extensive technical knowledge of defined benefit pensions, including pensions industry expertise and practical experience
• Demonstrable experience in managing Trustee Boards and sub-committees, with the ability to advise and support Trustees effectively
• Proven track record in driving continuous improvement and developing best practice for Trustee Boards and all pension-related procedures
• Solid understanding of regulatory and legislative compliance, ensuring schemes operate within the law
• Relevant pensions qualifications, either fully qualified or part qualified, including PMI or similar recognised professional accreditation
• Excellent relationship and stakeholder management skills, with the ability to liaise confidently with Trustees, advisers, employers, and regulatory bodies
• Exceptional organisational skills, including prioritisation of tasks and managing competing demands in a complex environment

The Pensions Team:

You will be reporting directly to the Head of Defined Benefit Pensions and will be an integral part of the Trustee & Member Services pensions team. The team is close-knit and supportive, working collaboratively in a fast-paced and dynamic environment. You will interact regularly with Trustee Boards, colleagues across the Head Office pensions function, including the Defined Benefit Administration Manager, Defined Benefit Technical Manager and Scheme Secretary, as well as Scheme Advisers and Providers. This is a varied and stimulating role, offering exposure to all areas of pensions and the opportunity to engage with senior stakeholders, making a tangible impact on the effectiveness and success of the Schemes.

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: 27th March 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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