Pension Services Manager - Buyouts

Buyout Services Manager - Defined Benefit Pensions

Location: London – Hybrid working – 50% office-based

Full Time – 35 hours

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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 FTSE 250 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

The de-risking market continues to evolve and we are seeing a step change in schemes wishing to move to buy-out. This role will be pivotal in driving our existing schemes to achieving their de-risking ambitions whilst ensuring our buy-out new business implementation activities are controlled and robust.

The role is key for supporting multiple aspects of our business. The role will hold responsibility for driving schemes through project planning to their data cleanse completion and validation. As our business continues to grow, this role will work to deliver process improvements alongside the Data and Onboarding Team, unlocking administrative support from our Third Party Administrators (TPAs) and enabling the DB Buy-Out proposition to operate at scale.

In this role you will...

• Manage the buy-out team driving positive outcomes and a high performing culture.
• Oversee the project managing of all buyout data cleanse activities, agreeing project plans with internal and external stakeholders updating as required if any key deliverables change or are delayed.
• Working alongside the Data & Onboarding team flagging any buy out specific issues ahead of true-up activities being undertaken, overseeing any further data queries and requirements back from Trustee and administrators when identified during the buyout phase.
• Support Transition Relationship Managers throughout the data cleanse process as required to enable production of data sets for Individual Policies (IPs), payroll and setting up of the legal framework.
• Work alongside the Post Transaction Service Manager and Head of Post Transaction Services to support schemes moving to buy-out Planning with the ultimate goal that ownership of this activity rests with the Buy-out Manager solely.
• Provide specialist technical support for Buy-out activities as required to both internal colleagues and external clients.
• Provide training and guidance to Buy-out Managers and Analysts as we as wider colleagues within the DB area.
• Working with Data and Onboarding team and Member Services teams to ensure appropriate processes are in place to support increasing scale of buy-out transactions and member levels.
• Maintain strong understanding of all regulatory requirements linked to buy-out activities including GMP Equalisation methodologies and how they relate to the buy-out journey.
• Identify opportunities to improve efficiency and accuracy of buy out process adapting current processes and implementing new processes to ensure positive member experience.

Skills and Experience

• Experience working in the Pensions Industry for a similar organisation.
• Previous experience of working for a DB Pensions De Risking company, including working with both Trustees and Employee Benefit Consultants (EBCs) with a background of driving scheme transitions through to conclusion.
• Excellent team manager with a proven track record of driving positive change across a number of different projects.
• Excellent understanding of DB de risking administration requirements and how they differ from standard pensions administration essential.
• Excellent understanding of life and pensions industry essential, in particular DB Pensions and the DB de risking market.

Company Benefits

• A Competitive Salary, Pension Scheme and Life Assurance
• Along with 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 – paid annually based on individual and company performance against targets
• Opportunity to progress within your career both in-role and within the company
• FREE access to the Headspace App, a 24/7 Employee Assistance Helpline and Trained Physical & Mental Health First Aiders (On-Site)
• A variety of Employee Funded Benefits available to you via our Online Benefits Portal
• Plus, several additional purchase options available for you and your loved ones

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

We’re committed to building a more sustainable business, and we’re working hard to make progress against our Net Zero targets. We're reducing our reliance on fossil fuels in our offices, switching to more sustainable sources of energy and we're investing more of our money in green and social assets.

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.

Be Bold. Be Brilliant. Be Just.

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.