At a Glance
- Tasks: Lead the Defined Benefit Reinsurance Operations team and drive process improvements.
- Company: Join a fast-growing company dedicated to helping people enjoy their retirement.
- Benefits: Competitive salary, generous leave, private medical cover, and career progression opportunities.
- Other info: Dynamic environment with a focus on quality, service, and results.
- Why this job: Make a real impact in the reinsurance sector while embracing new technologies.
- Qualifications: Deep knowledge of reinsurance concepts and strong team management skills.
The predicted salary is between 60000 - 75000 £ per year.
A key management role in shaping the Defined Benefit (DB) Reinsurance Operations area through structuring the services provided and ensuring delivery of DB reinsurance treaty provisions. Supporting and engaging reinsurance providers and broader DB stakeholders to understand needs and future provisions. Supporting the Head of DB Reinsurance Pricing and Operations with strategic development activities undertaken to ensure constant evolution of the DB Solutions area and our growth ambitions. There will be an element of the role that will be continually focused on improving processes and delivering scalable solutions, including embracing new technology.
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:
- Manage and lead the DB Reinsurance Operations team.
- Responsible for delivery of regular reinsurance reporting, ensuring it is delivered in a timely and accurate manner in accordance with Treaty timeframes.
- Monitor compliance with contractual terms across all reinsurance arrangements.
- Drive forward transformation and development work to build automated and scalable solutions for Reinsurance Reporting.
- Collaborate with reinsurers on cashflow reconciliation activity.
- Ensure reinsurance data is processed, assessed and collated for onward distribution both internally and to our reinsurance counterparties in accordance with contractual timeframes.
- Provide operational inputs to new reinsurance contracts and maintain engagement with DB Head of Reinsurance Relationships and Head of DB Reinsurance Pricing and Operations.
- Drive continuous improvement in quality of data to all stakeholders ensuring timely delivery and that records are accurately maintained to support Audit requirements.
- Act as subject matter expert on Reinsurance Operations, sharing knowledge with relevant teams in DB as necessary.
- Establish and manage relationships with the relevant Operations teams at reinsurance counterparties.
What we’re looking for:
- Deep knowledge of reinsurance concepts, particularly in relation to reinsurance of bulk annuity business.
- Strong team manager.
- Excellent written and verbal communication skills.
- Willingness to embrace change and new ways of working.
- Good understanding of DB de-risking administration requirements and how they differ from standard pensions administration.
- Training individuals and groups of people.
- Ability to manage workloads and prioritise a number of different tasks based on business volumes and priorities.
- Clear focus on quality, service and results.
- Flexible approach with the ability to work as part of a team in a fast moving environment.
- Track record of working in the Reinsurance and Pensions Industry sector.
- Previous experience of working for a DB Pensions de-risking company 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.
Reinsurance Operations Lead employer: Just Group plc
Just is an exceptional employer, offering a dynamic work environment in London that fosters innovation and collaboration within the Defined Benefit Reinsurance Operations team. With a strong focus on employee growth, competitive benefits including private medical cover and a generous bonus scheme, and a commitment to improving processes through technology, Just empowers its colleagues to make a meaningful impact in helping customers achieve a better later life.
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance Operations Lead
✨Tip Number 1
Network like a pro! Reach out to folks in the reinsurance and pensions industry on LinkedIn. Join relevant groups, attend webinars, and don’t be shy about asking for informational chats. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by diving deep into the company’s values and recent projects. Show us you’re not just another candidate; demonstrate how your experience aligns with our mission of helping people achieve a better later life. Tailor your responses to highlight your knowledge of DB reinsurance operations.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors. Focus on articulating your experience in managing teams and driving process improvements. This will help you feel more confident and articulate during the real deal.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows us you’re genuinely interested in joining our team and contributing to our growth journey.
We think you need these skills to ace Reinsurance Operations Lead
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Reinsurance Operations Lead role. Highlight your experience in reinsurance and any relevant management skills. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how you can contribute to our mission of helping people achieve a better later life. Keep it engaging and personal.
Showcase Your Communication Skills:Since excellent written communication is key for this role, make sure your application is clear and concise. We love candidates who can express their thoughts effectively, so don’t hold back on showcasing your writing prowess!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts!
How to prepare for a job interview at Just Group plc
✨Know Your Reinsurance Stuff
Make sure you brush up on your knowledge of reinsurance concepts, especially around bulk annuity business. Be ready to discuss how these concepts apply to the role and how you can leverage them to improve operations.
✨Showcase Your Leadership Skills
As a potential team manager, it's crucial to demonstrate your leadership abilities. Prepare examples of how you've successfully managed teams in the past, focusing on collaboration and driving results in a fast-paced environment.
✨Embrace Change and Innovation
This role involves driving transformation and embracing new technology. Be prepared to discuss your experience with process improvements and how you've implemented scalable solutions in previous roles.
✨Communicate Clearly and Effectively
Strong communication skills are key for this position. Practice articulating your thoughts clearly, both verbally and in writing. Think about how you can convey complex information simply, especially when discussing compliance and reporting.
