DB Pricing Actuary

DB Pricing Actuary

Date Posted: 10/06/2025

Location: London

Job Type: Full time

Who are Just? We’re a FTSE 250 Financial Services company who specialise in retirement solutions. Our world is moving quickly, and 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 and credible 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.

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

Purpose

We are recruiting a DB Pricing Actuary to join our DB (Defined Benefit) Pricing team. The role will involve supporting the DB team in their objectives to deliver a market-leading Bulk Annuity service and grow in line with our business plan.

Job Role Accountabilities

• Be a key member of the DB Pricing team, responsible for reviewing and delivering new business quotations in an accurate and timely manner.
• Manage projects and project teams, proactively driving them forward to ensure they are progressed in line with expected timescales.
• Develop a deep technical and operational knowledge of all systems and tools used in DB.
• Continuously look for areas where we can improve; our people have a proactive approach to integrating technology into daily tasks and processes to drive innovation and efficiency.
• Be curious, proactive, and open to new ideas. Applicants should demonstrate a track record of adapting to change, embracing technology, learning from experience, and showing resilience in the face of obstacles.
• Proactively promote a culture of collaboration and engagement within the DB Pricing team, set an example for junior team members, and help with coaching/training of the team.
• Work closely and collaborate with our DB Reinsurance and Commercial teams to ensure effective delivery of competitive, market-leading propositions.

Skills and Knowledge

• Good knowledge and awareness of the DB buy in/buy out market, life insurance, and relevant regulation.
• Strong numeracy skills.
• Sound knowledge of technical actuarial concepts, particularly principles underlying bulk annuity pricing.
• Strong analytical and problem-solving skills.
• Strong IT skills including Excel and programming languages, and a keen attitude to learn where these skills don’t exist.
• Good interpersonal and team working skills.
• Ability to work without close supervision.

Experience

• Experience of working within a related field (pensions, insurance, finance) is desirable.
• Coding experience is desirable, for example Julia, Python, and/or VBA.

Qualifications

• 2.1 or above in a technical/mathematical degree is desirable.
• FIA qualification or equivalent.

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 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 a number of 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.

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