DB Senior Actuarial Analyst

Date Posted: 15/03/2024

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 £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
The purpose of this role is to undertake pricing and actuarial input required to support delivery of the DB Business Plan. This will include all aspects of BAU delivery and other ad hoc requirements.

Job Role Accountabilities

Support DB Pricing Actuary in accurate and timely delivery of new business quotations.
Populate and run pricing models to calculate premiums, including manipulation of data, assumption setting and calculation of all associated pricing metrics.
Check drafts of internal sign off documentation produced by DB Actuarial Analysts for each quotation, ensuring results are presented to the DB Pricing Actuary in a clear manner, outlining all material areas of judgement and limitations.
Check initial drafts of quotation documents to be issued externally.
For quotes that are outsourced, work with DB Actuarial Analyst and DB Pricing Actuary to transition scheme to outsourcer and produce final deliverables for the quotation.
Proactively drive projects forward to ensure they are progressed in line with expected timescales.
Develop a deep knowledge of all systems and tools used in DB pricing.
Provide support in ad hoc tasks such as data analysis, proposition developments, systems testing and process improvements.
Assist in development of junior team members.
Proactively work to promote a culture of collaboration and engagement within the DB Pricing team

Qualifications

Working towards FIA qualification and making good progress with the actuarial exams is desirable, but we are also interested in someone who has ceased working towards an actuarial qualification.

Skills and Knowledge

Strong analytical and problem solving skills
Strong IT skills, particularly Excel
Good interpersonal and team working skills
Excellent verbal and written communication skills, with the ability to present complex financial concepts in a clear and concise manner
Ability to work without close supervision
Sound knowledge of technical actuarial concepts, particularly principles underlying bulk annuity pricing
Good knowledge and awareness of the DB buy in/buy out market, life insurance and relevant regulation.

Experience

Good experience of working within a pensions or investment consultancy, life insurer or reinsurer.
Coding experience is desirable, for example Julia, Python and/or VBA.

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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