Actuarial Analyst

Just Group plc; Greater London; Hybrid; GBP 45,000 - 65,000; Full time

Benefits offered by this job

Private medical cover

Life assurance

Generous annual bonus

Headspace app access

Employee assistance program

Job summary

Just Group plc is seeking an Actuarial Analyst for Defined Benefit (DB) Pensions, based in London or Reigate with hybrid 50% onsite. The role supports data true ups for BPAs and in‑force business, including valuations and member calculations, with emphasis on accuracy and timely delivery.

You will work towards FIA qualification, applying actuarial principles and DB pension knowledge, while using Excel and related tools to analyse data and support project delivery in a collaborative team.

Qualifications

• Actuarial principles and techniques understanding.
• Experience with DB pension scheme benefits.
• Strong Excel and analytical skills.

Responsibilities

• Support data true ups for BPAs and in-force business.
• Prepare client deliverables and data true up letters.
• Deliver scheme valuations and member calculations timely.
• Develop knowledge of True up systems and drive projects.
• Promote collaboration within the True up team.

Skills

Actuarial knowledge

Excel

Analytical thinking

Problem solving

Team collaboration

FIA (in progress)

Education

FIA qualification (in progress)

Job description

Actuarial Analyst - Defined Benefit (DB) Pensions

Location: London or Reigate (Hybrid - 50%)

Contract: Permanent

Hours: 35 hours

Purpose

The DB Actuarial Analyst will undertake pricing and actuarial input required to support delivery of DB Data True Ups and other tasks relating to in-force business.

About Just

We help people achieve a better later life. That’s our purpose and it’s the reason we exist. We are a fast-growing company helping customers enjoy the retirement they deserve. We do this through a variety of market leading, award-winning products and services, delivered by a diverse team of over 1,400 purpose-led colleagues who genuinely put the customer at the heart of everything we do.

This is a brilliant time to join our business. We are on an exciting growth journey to become the UK’s most loved retirement expert.

Key Responsibilities

• Support in the accurate and timely delivery of data true ups for our Bulk Purchase Annuities (BPAs)
• Prepare internal sign off documentation produced for each quotation, ensuring results are presented in a clear manner, outlining all material areas of judgement and limitations.
• Prepare drafts of client deliverables / data true up letters to be issued externally.
• Carry out all necessary BAU work for in force business which includes scheme valuations.
• Prepare scheme valuations and ensure they are delivered in a timely and accurate manner.
• Prepare individual member calculations and ensure they are delivered in a timely and accurate manner.
• Develop a deep knowledge of all systems and tools used by the True up team.
• Proactively help to drive projects forward to ensure they are progressed in line with expected timescales.
• Proactively work to promote a culture of collaboration and engagement within the True up team.
• We seek individuals enthusiastic about leveraging new technologies to drive innovation and efficiency.

What we’re looking for

• Working towards FIA qualification with some relevant experience.
• Understanding of actuarial principles and techniques.
• Experience with DB pension scheme benefits
• Familiarity with life insurance principles and regulation is desirable.
• Good IT skills, particularly Excel
• Strong analytical and problem-solving skills.

What’s in it for you

• A competitive salary, pension scheme and life assurance
• 25 days annual leave plus an additional day on us for your birthday
• Private medical cover and income protection, just in case
• A generous and highly achievable bonus scheme
• Opportunities to progress your career in-role and within the company
• Free access to the Headspace app, 24/7 employee assistance helpline and trained physical and mental health first aiders
• A variety of employee funded benefits available via our online benefits portal
• Plus, several additional purchase options available for you and your loved ones

Explore our full range of benefits on our dedicated benefits page.