Senior Actuarial Analyst (DB)

DB Senior Actuarial Analyst

Date Posted: 06/06/2025

Location: London

Job Type: Full time

Who are Just? We’re a FTSE 250 Financial Services company specializing in retirement solutions. Our world is moving quickly, with the defined benefit buy in/buy out space growing each year. Just continues to grow its business by over £4bn of assets annually. We are a purpose-driven company with compelling goals. We help people achieve a better later life by providing competitive and innovative products, services, financial advice, and guidance to help our customers achieve security and peace of mind in retirement.

Purpose

The purpose of this role is to undertake pricing and actuarial input required to support the delivery of the DB Business Plan. This includes 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 clearly, 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 the scheme to the 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 the 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 in Excel.
• Good interpersonal and team working skills.
• Excellent verbal and written communication skills, with the ability to present complex financial concepts clearly and concisely.
• 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 reducing our scope 3 emissions to Net Zero by 2050 and our scope 1 and 2 emissions to Net Zero by 2025. We encourage our people to make small and meaningful changes in their everyday lives to protect our planet for future generations.

Diversity, Equity, and Inclusion (DE&I) is a key priority for Just as part of our overall strategy, ensuring all of our people feel proud to work at Just. We have joined several initiatives designed to improve outcomes for employees from underrepresented backgrounds. We also run a Reciprocal Mentoring scheme for employees from diverse backgrounds.

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.