Buy Out Analyst

Just Group plc; Reigate; On-site; GBP 80,000 - 100,000; Full time

Job summary

A fast-growing pension solutions company in Reigate is seeking a Pensions Buy Out Analyst. You will provide proactive assistance in implementing new pension schemes, performing data analysis, and acting as the first point of contact for queries related to buy-outs. You must be detail-oriented and able to manage multiple responsibilities effectively, ensuring accuracy and timeliness in all operational tasks. This role offers career development opportunities and a supportive team environment.

Benefits

Competitive salary

25 days annual leave

Private medical cover

Generous bonus scheme

Employee assistance helpline

Qualifications

• Ability to maintain exceptional standards of accuracy and attention to detail.
• Good verbal, written communication, and interpersonal skills.
• Understanding of DB pensions and administration requirements.

Responsibilities

• Support the transition of buy-ins and buy-outs.
• Complete TPA setup sign-off for implementations.
• Facilitate operational tasks for schemes in transition.
• Support with data queries and valuations.

Skills

Self-starter

Verbal communication skills

Analytical skills

Detail-oriented

Job description

Pensions Buy Out Analyst - Defined Benefits (DB)

Location : Reigate

Contract : Permanent

Hours: 35 hours

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.

Our behaviours

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 centres around being Just and delivering the best outcomes for our customers.

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

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 and support a wide range of employee network and events, championing issues including intergenerational working, social mobility and neurodiversity.

Please submit your CV using the ’apply now’ button. Shortlisted candidates will be contacted regarding next steps which may include an initial phone interview and in‑person assessment.