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Just is hiring a

Senior Actuarial Analyst (DB)

DB Senior Actuarial Analyst

Location: London

Job Type: Full time

Who are Just? We’re a FTSE 250 Financial Services company who specialise in retirement solutions. 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 certainty in 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 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 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 clearly.
  • 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 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. We have joined initiatives designed to improve outcomes for employees from underrepresented backgrounds. We also run a Reciprocal Mentoring scheme for employees from diverse backgrounds. There are multiple employee network groups that 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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