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Aoife Mc Dermott

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Department of Education and Skills

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  Aoife Mc Dermott
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Occupation Details

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Pension Fund Manager

Job Zone

Education
Most occupations in this zone require job specific training (vocational training) related to the occupation (NFQ Levels 5 and 6 or higher), related on-the-job experience, or a relevant professional award.

Related Experience
Previous work-related skill, knowledge, or experience is required for these occupations. For example, electricians typically complete four years of training in order to perform the job.

Job Training
Employees in these occupations usually need one or two years of training involving both on-the-job experience and informal training with experienced workers. A recognised apprenticeship program may be associated with these occupations.

Job Zone Examples
These occupations usually involve using communication and organisational skills to coordinate, supervise, manage, or train others to accomplish goals. Examples include restaurant managers, electricians, agricultural technicians, legal secretaries, hairdressers, and web developers.

€25k > 55 
Pension Manager
Salary Range
(thousands per year)*
€25 - 55 
Related Information:
Data Source(s):
CareersPortal

Last Updated: March, 2017

* The lower figures typically reflect starting salaries. Higher salaries are awarded to those with greater experience and responsibility. Positions in Dublin sometimes command higher salaries.
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At a Glance... header image

Pension fund managers establish and manage pension schemes for employees.


The Work header image

People who want to have a pension in retirement (as well as the one provided by the State) regularly pay sums of money, known as contributions, into a pension fund or scheme. Employers may make additional contributions. The total amount is invested, and the profits made eventually provide the money to pay out the pension. Pension fund managers establish and manage such pension schemes for private and public sector employees. Managing a fund involves investing the contributions in the best way possible to ensure that when employees retire, the money required to provide pension payments is available.  
 
The overall responsibility for the fund is the pension fund manager's, but an investment manager usually deals with the actual mechanics of investment. The managers can either be part of the same organisation or be hired as consultants. Pension fund managers are responsible for maintaining close liaison with these specialists.  
 
Pension fund managers oversee portfolios of investments and are responsible for deciding the combination of shares, government stock and property to be bought. Since such large sums are involved, fund managers' decisions can have implications for the economy.  
 
Managing a pension fund involves making sure that legal and taxation requirements are met. Pension fund managers should also ensure employers and employees know about the benefits and obligations of the scheme. They also see that the collection of contributions and payment of benefits operates smoothly.  
 
Pension fund managers have an important policy-making role in helping to set up a company pension fund and the employee benefit package. They spend much of their time liaising with stockbrokers, analysts, tax inspectors, personnel managers, trade union representatives, lawyers and government officials.

 


Personal Qualitiesheader image

As a pensions professional, you'll need to be able to:

  • Analyse complex information and explain it in a way that non-specialists can understand.
  • Manage a team of administrative and clerical staff.
  • Make confident decisions.
  • Pay close attention to detail.
  • Prioritise and plan tasks.

You should have:

  • Numerical and analytical skills.
  • A thorough understanding of employment law, taxation, accounts and statistics.
  • Good verbal and written communication skills.
  • Sound judgement.
  • IT skills; in particular, you should be able to use spreadsheets.
  • Teamwork, interpersonal and supervisory skills.


Related Occupationsheader image

Contactsheader image

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Organisation: Irish Association of Pension Funds
  Address: Suite 2, Slane House, 25 Lower Mount St., Dublin 2.
  Tel: (01) 6612427
  Email: Click here
  Url Click here

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Organisation: Irish Institute of Pensions Managers
  Address: Insurance House, 39 Molesworth St, Dublin 2
  Tel: (01) 6772582
  Email: Click here
  Url Click here

 

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Career Guidance

This occupation is popular with people who have the following Career Interests...


...and for people who like working in the following Career Sectors:

Banking, Insurance & Financial Services

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