Temporary Head of Group Pricing (Secondment)

Date Posted: 16/10/2024

Location: London

Job Type: Full time

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Who are Just?

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 £2bn 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

To develop and maintain the Group’s technical pricing framework and ensure it is applied consistently.

Job Role Accountabilities

Ensure product pricing is robust and supports the achievement of the Group’s financial objectives, through development and review of the Group Pricing Framework and its supporting documents.
Ensure appropriate oversight and timely management information to monitor compliance with the framework.
Develop and maintain any Group Pricing owned tools, data and processes in compliance with group Model Risk, EUC and other Just Group standards.
Act as the subject matter expert and central point of contact for the group pricing framework and its related documents.
Lead the Group Pricing team, developing the skills and capabilities of team members and encouraging effective collaboration.
Support the Group Chief Actuary with regard to the Solvency 2 opinion on the adequacy of pricing
Contribute to other Group Chief Actuary work as allocated
Maintain own competence and personal development.
Research Tasks
Maintain awareness of legislative changes and product developments by undertaking CPD

Corporate Responsibilities

Act within the Regulatory Conduct Rules which apply to all our employees and workers: act with integrity, due skill, care and diligence at all times. Protect the interests of our customers, treat them fairly and observe proper standards of market conduct. See Just’s Conduct Risk Policy on HQ for details of specific working practices.
Maintain up to date knowledge on our market, working practices and policies: complete e learning training on a regular basis including mandatory modules in financial crime prevention, information security, regulatory environment, complaints handling and whistleblowing.
Develop competence: to focus on continuous improvement of your personal competence and professional development and support your colleagues and their continuous improvement where possible.
Risk: understand and work within the company’s risk framework, reporting risk events and breaches in line with Just’s Procedures.
Culture and behaviours: behaves in a way that supports Just’s focus on employee engagement, high performance and strengthens our culture of diversity, equity and inclusion. Supports and acts in line with the Just Group Behavioural Principles.

Qualifications

Qualified FIA, FFA or equivalent

Skills and Knowledge

Strong understanding of risk management and of financial reporting and capital requirements under IFRS and Solvency II
Strong understanding of the products and services provided by the Group, their risks and their capital requirements
Good knowledge of the industry and markets the Group operates in (pensions, annuities and equity release)
Good understanding of the operating systems and processes within the Group
Ability and drive to maintain competence and up to date knowledge
Ability to communicate effectively with senior management
Ability to lead and influence others
Strong analytical and modelling skills
Excellent IT skills, particularly in Excel / VBA, with Python, Mo.net and Access / SQL experience advantageous Experience
Experience in the UK life industry
Pricing and product development experience of annuities, term assurance and/or lifetime mortgages
Experience in managing or mentoring junior team members

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.

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