Actuary - Defined Benefit Calculations Specialist

Just Group plc; Greater London; Hybrid; GBP 55,000 - 75,000; Full time

Benefits offered by this job

Private medical cover

Generous bonus scheme

25 days annual leave + birthday leave

Access to Headspace app

Job summary

Just Group plc is seeking an Actuary specialized in Defined Benefit Pensions to support growth and deliver member experience activities. The role involves assessing calculation requirements, providing technical support, and enhancing automated tools.

Located in London or Reigate, the position offers a hybrid work model, a competitive salary, and significant employee benefits, including 25 days of annual leave and a generous bonus scheme.

Qualifications

• Experience in an actuarial team in a DB Pensions consultancy or life insurer.
• Defined benefit experience is essential.
• Coding experience is desirable but not essential.

Responsibilities

• Provide calculation support for member option calculations.
• Test onboarding of new schemes onto automated tools.
• Act as a subject matter expert for wider Operations.

Skills

Actuarial experience in DB Pensions consultancy

Bulk annuity market knowledge

Coding in Julia/Python/VBA

Education

Part/newly/nearly qualified Actuary

Job description

Actuary - Defined Benefit Pensions/Member Calcs Specialist

Location: London or Reigate (Hybrid - 50%)

Contract: Permanent

Hours: 35 hours

Purpose

This actuarial role is key to support the growth and development of the Defined Benefit (DB) area and primarily our member experience activities. The purpose of this role is to assess calculation requirements, provide technical support and guidance alongside completion of member options calculations utilising varying inputs required.

This role will also involve working collaboratively to develop capabilities and test bespoke, automated member option tools within the DB Business.

The role holder will also be able to provide other actuarial calculations which may include, but not limited to, new business and true up activities to support our growth agenda.

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

• Provide calculation support for standard and non-standard member option calculations which require actuarial referral
• Test and sign off the onboarding of new schemes onto our automated member option tools.
• Act as an actuarial defined benefit subject matter expert to assist with queries from the wider Operations function and with new scheme triage
• Development and refinement of features of our member option calculation tools.
• Ongoing updates to tools for market conditions and basis changes
• Ongoing monitoring of our member options basis
• Support the development of junior staff.

What we’re looking for

• Experience gained in within an actuarial team in a DB Pensions consultancy, Life insurer or equivalent
• Experience in the bulk annuity market or within a pensions consultancy.
• Defined benefit experience is essential.
• Coding experience is desirable but not essential, for example in Julia, Python and/or VBA.
• Part/newly/nearly qualified Actuary or not qualified/taking exams but has the required equivalent experience.

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.