Just is hiring a
DB Reinsurance Analyst
DB Reinsurance Analyst
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, 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 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 Develop Just’s reinsurance capabilities for the Defined Benefit (DB) business. Work across the DB team to analyse reinsurance pricing and implement reinsurance terms from multiple counterparties into the DB Pricing framework.
Job Role Accountabilities
- Support delivery of key reinsurance development projects.
- Embed new reinsurance counterparties into BAU pricing.
- Work closely with the DB Pricing leads to ensure reinsurance terms are appropriately allowed for in pricing metrics.
- Support efficient execution of new reinsurance contracts.
- Develop a deep technical and operational knowledge of all systems and tools used in DB.
- Continuously look for areas to improve processes and efficiencies.
- Prepare written reports for internal committees.
- Carry out detailed pricing analyses to understand different reinsurers’ bases.
- Develop strong technical skills, including learning new coding languages.
- Collaborate with colleagues in Finance, Reporting, and DB Operations.
- Promote a culture of collaboration and engagement within the DB Pricing team.
Examples of Key Activities
- Analyse live pricing from reinsurers and calculate relevant pricing metrics.
- Ensure reinsurance terms are accurately built into pricing models.
- Present analysis to internal committees to support approval of new counterparties.
- Prepare and present pricing feedback to reinsurers.
- Support cashflow reconciliation with reinsurers.
- Assist in contract negotiations for new reinsurance deals.
- Support the development of a pricing database comparing terms from multiple reinsurers.
- Check and review work carried out by other team members.
Skills and Knowledge
- Problem analysis and resolution skills.
- Strong numeracy skills.
- Capable of working collaboratively.
- Strong IT skills including Excel and programming languages.
- Non-excel coding experience is desirable (e.g., Julia, Python, VBA).
- Excellent verbal, written communication, and interpersonal skills.
- Basic knowledge of the DB de-risking market and pricing of bulk annuity liabilities.
Experience
- Experience in an actuarial role in the Life Insurance or DB pensions space.
- Experience in bulk annuity pricing and/or reinsurance pricing is desirable.
- Coding experience is desirable (e.g., Julia, Python, 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. Diversity, Equity, and Inclusion (DE&I) is a key priority for Just. We care about our customers, our purpose, our environment, inclusivity, wellbeing, and each other.
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