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About the Role
Assist in delivering DB proposition developments, focusing on both short-term and long-term strategic initiatives to maintain Just's competitive advantage in the DB business.
Responsibilities
- Develop long-term strategic ideas for the DB business to maintain competitive advantage.
- Collaborate with internal teams, including Commercial, to maximize business plan opportunities.
- Conduct research, improve models, and analyze data to enhance propositions and maximize business plan achievement.
- Engage with EBCs, professional trustees, and market stakeholders to understand DB market needs and explore new opportunities with the Head of Proposition Development.
- Prepare and present papers to Senior Management Team (SMT).
- Identify and mitigate business risks.
- Support communication of market changes, risks, and trends to the Director of Commercial and Managing Director of DB.
- Present thought-leading ideas at external events.
- Deputize for the Head of Proposition Development in meetings as needed.
Requirements
- Strong level of business acumen.
- Problem analysis and resolution skills.
- Ability to cope with conflict and crisis situations.
- Capable of working collaboratively and effectively, understanding resource implications.
- Excellent verbal, written communication, and interpersonal skills.
- Open minded and willing to engage in challenge.
- High degree of understanding of the products and services provided by the Group, the markets, and the regulatory / legal framework that the Group operates within.
- Strong knowledge of the DB de-risking market, pricing of DB liabilities and associated metrics, Annuity products and pricing systems, Solvency UK capital requirements and Reinsurance arrangements.
- Experience gained in the Pensions and/or Life Insurance industry.
- Strong defined benefit experience and strong knowledge of current Pensions legislation.
Skills
- Business acumen
- Problem analysis
- Problem resolution
- Conflict management
- Crisis management
- Collaboration
- Verbal communication
- Written communication
- Interpersonal skills
- Understanding of Group products and services
- Understanding of Group markets
- Understanding of regulatory/legal framework
- DB de-risking market knowledge
- Pricing of DB liabilities
- Annuity products and pricing systems
- Solvency UK capital requirements
- Reinsurance arrangements
- Pensions legislation knowledge
Location
- London
- Hybrid (50%)
Work Type
- Permanent
- Full-time (35 hours)
Experience Level
- Experienced in Pensions and/or Life Insurance industry
- Strong defined benefit experience
Salary/Compensations
- Competitive salary
Benefits
- Pension scheme
- Life assurance
- 25 days annual leave
- Additional day off for birthday
- Private medical cover
- Income protection
- Generous and highly achievable bonus scheme
- Career progression opportunities
- Free access to Headspace app
- 24/7 employee assistance helpline
- Trained physical and mental health first aiders
- Variety of employee funded benefits via online benefits portal
- Additional purchase options for you and your loved ones
About the Company
- We help people achieve a better later life.
- Fast-growing company helping customers enjoy retirement.
- Offers market-leading, award-winning products and services.
- Team of over 1,400 purpose-led colleagues.
- Customer-centric approach.
- On an exciting growth journey to become the UK’s most loved retirement expert.
- Ambitious, curious, and collaborative culture.
- Decisions center around being Just and delivering best customer outcomes.
Equal Opportunity
- Valuing diversity of thought and fostering a sense of belonging is critical to business success, driving innovation and balanced decision making.
- Work on DEIB (Diversity, Equity, Inclusion and Belonging) aims to deliver a brilliant employee experience underpinned by a sense of belonging.
- Committed to publicly disclosed HM Treasury Women in Finance Charter and Race at Work Charter targets.
- Supports a wide range of employee network and events, championing issues including intergenerational working, social mobility and neurodiversity.