DB Operational Reinsurance & Reporting Analyst

Just Group plc; London; On-site; GBP 30,000 - 60,000; Full time

Job summary

An established industry player is seeking a DB Operational Reinsurance & Reporting Analyst to support the collation and analysis of reinsurance data. This pivotal role involves ensuring the accurate processing of data and payments, while collaborating with internal teams to enhance operational efficiency. The company is committed to sustainability and diversity, fostering an inclusive environment where every employee can thrive. If you're passionate about making a meaningful impact in the retirement sector, this opportunity offers a chance to contribute to a purpose-driven mission.

Qualifications

• Proficient in Excel for managing large datasets, including VBA knowledge.
• Excellent communication skills to convey information effectively.

Responsibilities

• Ensure timely processing of monthly and quarterly reinsurance data.
• Support onboarding for facultative reinsurance arrangements.

Skills

Excel

VBA

DB Pension administration

Communication skills

Microsoft Office

Data analysis coding languages

Job description

DB Operational Reinsurance & Reporting Analyst

We’re a FTSE 250 Financial Services company who specialise in retirement solutions and right now, our world is moving pretty quickly. With the defined benefit buy in / buy out space growing each year, Just continues to annually grow its business by over £4bn of assets.

We are a purpose driven company with compelling and credible goals. Quite simply, we help people achieve a better later life. We achieve this by providing competitive and innovative products, services, financial advice and guidance to help our customers achieve security, certainty and provide them with peace of mind in retirement.

That’s who we are. We’re a company on a mission: to become a beacon for the entire retirement industry. Because we believe everyone deserves a fair, secure, and fulfilling retirement.

Purpose
A key role in supporting the collation, analysis and submission of the reinsurance and reporting data to our reinsurance partners and internal stakeholders. This covers all the types of DB reinsurance namely, longevity flow, longevity facultative, and funded. Based on both the existing and continually increasing portfolio the volume and range of required activities will expand as the portfolio matures.

There will also be a continuous focus on improving processes and delivering scalable solutions to support this activity, along with working both with the wider DB Reinsurance Team and wider DB Teams to develop further integrated working and processes.

Job Role Accountabilities

• Ensure that monthly and quarterly data/reporting is processed to a high quality, assessed, and collated for onward distribution to our Reinsurance Partners to support delivery in line with Treaty timeframes.
• Ensure that monthly and quarterly payments are delivered and settled in line with Treaty timeframes and internal controls/approvals.
• Ensure that internal reporting of associated information is undertaken consistent with internal departmental requirements.
• Ensure that agreed activity for specific treaties/schemes onboarding is completed in line with agreed internal timescales to support overall delivery timescales.
• Ensure that all other reinsurance operational activity to support other processes such as annual exercises, collateral calcs, etc. is prepared in line with agreed internal timescales.
• Develop understanding of key elements of agreed portfolio of reinsurance treaties sharing knowledge/requirements with relevant teams in DB as necessary.
• Production of Reinsurance Operations MI in line with internal timescales.

Key activities include:

• Produce and deliver monthly/quarterly reinsurance reporting and settlements.
• Support the completion of onboarding for facultative reinsurance arrangements and individual schemes under flow reinsurance arrangements.
• Support delivery of accurate data to key internal stakeholders.
• Support the production of MI.
• Assist with ad-hoc data requirements and requests in relation to reinsurance data and information.

Skills and Knowledge

• Ability in using Excel to manage and manipulate large data sets, using both Excel functions and VBA with a view to progressing to other coding styles.
• Basic DB Pension administration knowledge.
• Ability to manage workloads and prioritise a number of different tasks based on business volumes and priorities.
• Excellent communication skills, with the ability to communicate information across different media (e.g. in person, telephone, letter, email).
• Clear focus on quality, service and results.
• Flexible approach with the ability to work as part of a team in a fast-moving environment.
• Good Microsoft Office skills particularly Excel, Word, PowerPoint and Visio.
• Experience in using coding languages to assist with large scale data analysis - for example, VBA, Julia would be beneficial.
• Some experience of working in the DB Pensions Industry.

Why Just?

We are committed to building a more sustainable business and have publicly committed to reduce our scope 3 emissions to Net Zero by 2050 and our scope 1 and 2 emissions to Net Zero by 2025. We’ve made good progress so far and encourage our people to make small and meaningful changes in their everyday lives, so that we can protect our planet for future generations.

Diversity, Equity and Inclusion (DE&I) is a key priority for Just as part of our overall strategy and ensuring all of our people feel proud to work at Just. We have joined a number of initiatives including the Race at Work Charter, designed to improve outcomes for employees from underrepresented backgrounds. We also run a Reciprocal Mentoring scheme for employees from a BAME background, those with a disability and those who identify as LGBTQ+. There are multiple employee network groups, which champion issues including race, gender, social mobility and neurodiversity.

What’s clear about working at Just is that we care. We care about our customers, our purpose, our environment, inclusivity, wellbeing and most importantly - each other.