DB Actuarial Analyst

Just Group plc; Reigate; Hybrid; GBP 40,000 - 55,000; Full time

Benefits offered by this job

Competitive salary

25 days annual leave plus birthday leave

Private medical cover

Generous bonus scheme

Access to employee assistance helpline

Job summary

Just Group plc in Reigate is looking for an Actuarial Analyst to join the Defined Benefit True Up Team. This position involves supporting the delivery of data true ups and requiring strong analytical and IT skills, particularly in Excel.

The ideal candidate will have a degree in Actuarial or Maths, be keen to pursue an actuarial career, and possess knowledge of DB pension schemes. This Melbourne-based role also offers hybrid working, a competitive salary, and various employee benefits.

Qualifications

• Must have a relevant degree or be working toward FIA qualification.
• Understanding of actuarial principles and DB pension scheme benefits.
• Good IT skills, particularly in Excel.

Responsibilities

• Support timely delivery of data true ups.
• Prepare client deliverables and valuations.
• Drive projects to ensure timely progression.

Skills

Actuarial principles and techniques

Analytical skills

Excel

Problem-solving skills

Education

Actuarial or Maths related degree

Working towards FIA qualification

Job description

Actuarial Analyst - Defined Benefit True Up Team

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 Head of True up, DB Actuary and DB Senior Actuarial Analyst in accurate and timely delivery of data true ups.

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

Actuarial or Maths related degree is desirable, and / or working towards FIA qualification with some relevant experience.

Desire for an Actuarial career.

Understanding of actuarial principles and techniques.

Familiarity with DB pension scheme benefits, and regulation is desirable.

Familiarity with life insurance principles and regulation is desirable.

Good IT skills, particularly Excel

Strong analytical and problem-solving skills.

Our behaviours

At Just you’ll have the opportunity to develop your career, whilst making a difference to the lives of those around you. You’ll be part of a company with a strong and distinctive culture - we’re ambitious, curious and collaborative – and every decision we make centres around being Just and delivering the best outcomes for our customers.

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

Valuing diversity of thought and fostering a sense of belonging is critical to our business success, driving innovation and balanced decision making. Our work on DEIB (Diversity, Equity, Inclusion and Belonging) aims to deliver a brilliant employee experience underpinned by a sense of belonging, where our people feel proud to work at Just.

We remain committed to our publicly disclosed HM Treasury Women in Finance Charter and Race at Work Charter targets and support a wide range of employee network and events, championing issues including intergenerational working, social mobility and neurodiversity.

Please submit your CV using the 'apply now’ button . Shortlisted candidates will be contacted regarding next steps which may include an initial phone interview and in-person assessment.