Pension Analyst - Defined Benefit

Pension Analyst - Defined Benefit Buy Out

Location: Reigate (hybrid - 50%)

Full time – 35 hours

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Purpose

To provide high calibre and proactive assistance to both the Data and Onboarding Service Manager and Senior Buy-out Managers. Leading on new scheme implementations, data cleanse and operational data analysis, pension scheme buy outs and supporting the Data and Onboarding Service Manager with training the wider team.

Acting as the initial point of contact for queries on schemes moving to buy-out and supporting with implementation queries from the Third Party Administrator (TPA) and the Operational team.

Act as a role model for the Implementation Support function within Data and Onboarding Services.

About Just

We help people achieve a better later life. That’s our purpose and it’s the reason we exist. We are a fast-growing company helping customers enjoy the retirement they deserve. We do this through a variety of market leading, award-winning products and services, delivered by a diverse team of over 1,400 purpose-led colleagues who genuinely put the customer at the heart of everything we do.

This is a brilliant time to join our business. We are on an exciting growth journey to become the UK’s most loved retirement expert.

Key responsibilities

• Support the transition of buy ins, completing a full review of the benefit specification and data for completeness, highlighting issues to the relevant party and owning through to resolution.
• Complete the implementations for both buy-in and buy-out schemes with our TPA(s) linking in with the Data and Onboarding Service Manager as needed, monitoring progress against plans and highlighting any issues or delays to the team.
• Complete the TPA set up sign off process for all implementations maintaining records of the sign offs completed and ensuring everything is signed off as per agreed DB Governance matrix.
• Facilitate the completion of all operational tasks for schemes in transition such as payroll funding and member calculations, working with others in DB as required.
• Support the delivery of buy-outs, working with the Implementation Manager(s)/Buy-out Manager(s) as needed.
• Support the BAU handover process for all schemes with both our TPA and Operational teams, owning any queries and resolving with relevant support as needed.
• Support with cash flow true up calculations, ensuring information is provided internally in line with agreed timescales.
• Support the completion of the DB valuation data, dealing with any data queries and leading on discussions with TPAs, liaising with our internal TPA manager as needed.
• Support with the collation and production of any monthly MI, highlighting any unexpected delays or issues to the Data and Onboarding Service Manager.
• Provide training and guidance to new implementation support team members measuring and signing off their competence levels accordingly as they progress.
• Provide support to the Implementation Manager(s)/Buy-out Manager(s), deputising as necessary.
• Support the Implementation Manager(s)/Buy-out Manager(s) to assist Trustees/Schemes to complete their data cleanse process.

What we’re looking for

• Self-starter, able to work on own and to tight deadlines, maintaining exceptional standards of accuracy and attention to detail.
• Ability to work on a diverse work load and prioritise own workloads, ensuring delivery as required.
• Good verbal, written communication and interpersonal skills, with the ability to communicate both internally and externally.
• Good analytical and issue resolution skills.
• An understanding of DB pensions, pension scheme administration requirements and systems would be beneficial.
• An understanding of DB de-risking administration requirements and how they differ from standard pensions administration an advantage but not essential.

Experience

• Experience working in the pensions industry for administrators or an insurance company would be beneficial.
• Experience of working on projects or implementations would be helpful.
• Experience of DB Corporate Pensions and understanding of Life and Pensions Industry beneficial.

What’s in it for you

• A competitive salary, pension scheme and life assurance
• 25 days annual leave plus an additional day on us for your birthday
• Private medical cover and income protection, just in case
• A generous and highly achievable bonus scheme
• Opportunities to progress your career in-role and within the company
• Free access to the Headspace app, 24/7 employee assistance helpline and trained physical and mental health first aiders
• A variety of employee funded benefits available via our online benefits portal
• Plus, several additional purchase options available for you and your loved ones

Explore our full range of benefits on our dedicated benefits page.

Be Bold. Be Brilliant. Be Just.