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- Tasks: Assist with data analysis, scheme implementations, and support for pension buy-outs.
- Company: Just is a fast-growing company dedicated to helping people achieve a better retirement.
- Benefits: Enjoy 25 days annual leave, private medical cover, and a generous bonus scheme.
- Why this job: Join a purpose-driven team and make a real difference in people's lives.
- Qualifications: Self-starter with good communication skills; experience in pensions is a plus.
- Other info: Be part of a diverse culture that values innovation and belonging.
The predicted salary is between 36000 - 60000 £ per year.
At Just, we encourage a flexible and agile working environment for the majority of our opportunities. Get in touch with us to discuss in more detail.
Who are 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.
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.
The role…
- 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 the 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.
Skills and Knowledge
- 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 workload and prioritise own tasks, 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 is 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 the Life and Pensions Industry beneficial.
Benefits include 25 days annual leave plus an additional day on your birthday, private medical cover, income protection, a generous and highly achievable bonus scheme paid annually based on individual and company performance, opportunities for career progression, access to Headspace app, 24/7 Employee Assistance Helpline, trained physical & mental health first aiders on-site, and a variety of employee-funded benefits via our online portal.
Why Just?
At Just, you’ll have the opportunity to develop your career, whilst making a difference to the lives of those around you. You’ll be part of a company with a strong and distinctive culture — we’re ambitious, curious, and collaborative — and every decision we make centers around being Just and delivering the best outcomes for our customers.
Valuing diversity of thought and fostering a sense of belonging is critical to our business success, driving innovation and balanced decision-making. Our work on DEIB (Diversity, Equity, Inclusion, and Belonging) aims to deliver a brilliant employee experience underpinned by a sense of belonging, where our people feel proud to work at Just. We remain committed to our publicly disclosed HM Treasury Women in Finance Charter and Race at Work Charter targets, supporting a wide range of employee networks and events, championing issues including intergenerational working, social mobility, and neurodiversity.
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Buy Out Analyst employer: Just Group plc
Contact Detail:
Just Group plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Buy Out Analyst
✨Tip Number 1
Familiarise yourself with the specifics of DB pensions and buy-out processes. Understanding these concepts will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the pensions industry, especially those who have experience with buy-outs. Engaging in conversations can provide insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss your analytical skills and how you've resolved issues in past roles. Be ready to share specific examples that highlight your problem-solving abilities, as this is crucial for the Buy Out Analyst position.
✨Tip Number 4
Showcase your ability to work under tight deadlines by discussing any relevant experiences. This role requires managing diverse workloads, so demonstrating your time management skills will be beneficial.
We think you need these skills to ace Buy Out Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Buy Out Analyst position. Tailor your application to highlight how your skills and experiences align with the job description.
Craft a Compelling CV: Your CV should clearly showcase your relevant experience in the pensions industry, particularly any roles related to DB pensions or project implementations. Use bullet points for clarity and focus on achievements that demonstrate your analytical and problem-solving skills.
Write a Tailored Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific aspects of Just's mission and values that resonate with you, and explain how you can contribute to their goal of becoming the UK’s most loved retirement expert.
Proofread Your Application: Before submitting, thoroughly proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for the Buy Out Analyst role.
How to prepare for a job interview at Just Group plc
✨Understand the Role
Make sure you have a clear understanding of the Buy Out Analyst role and its responsibilities. Familiarise yourself with terms like 'buy-ins', 'buy-outs', and 'DB pensions' to demonstrate your knowledge during the interview.
✨Showcase Your Analytical Skills
Prepare examples from your past experience where you've successfully used analytical skills to solve problems or improve processes. This will highlight your ability to handle the data analysis aspects of the role.
✨Communicate Effectively
Practice your verbal and written communication skills. Be ready to explain complex concepts in simple terms, as you'll need to communicate with both internal teams and external parties like TPAs.
✨Demonstrate Teamwork and Leadership
Since the role involves supporting and training new team members, be prepared to discuss your experiences in teamwork and any leadership roles you've taken on. This will show that you can contribute positively to the team culture at Just.
