DB Actuarial Analyst

Just Group plc; United Kingdom; Hybrid; GBP 42,000 - 62,000; Full time

Benefits offered by this job

Competitive salary

Pension scheme

Life assurance

Bonus scheme

Career progression

Headspace access

Employee assistance helpline

Benefits portal

Purchase options

Job summary

Just Group plc in London or Reigate (Hybrid 50%) is seeking an Actuarial Analyst to support the Defined Benefit Data True Ups and in-force business tasks.

You will work with the True Up team on data preparation, sign-off documents, scheme valuations and member calculations, developing knowledge of systems and tools.

The role is permanent, 35 hours per week, with a competitive package and opportunities to progress in actuarial careers.

Qualifications

• Actuarial or Maths degree desirable and FIA qualification in progress.
• Interest in an actuarial career.
• Understanding of actuarial principles.
• 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.

Responsibilities

• Support Head of True up in accurate and timely delivery of data true ups.
• Prepare sign-off documentation produced for each quotation, outlining material areas of judgement and limitations.
• Prepare drafts of client deliverables / data true up letters to be issued externally.
• Carry out BAU work for in force business including scheme valuations.
• Prepare scheme valuations and ensure they are delivered timely and accurately.
• Prepare individual member calculations and ensure they are delivered timely and accurately.
• Develop knowledge of all systems and tools used by the True up team.
• Drive projects forward to meet expected timescales.
• Promote collaboration and engagement within the True up team.
• Leverage new technologies to drive innovation and efficiency.

Skills

Analytical skills

Problem solving

Actuarial principles

Interest in actuarial career

DB pension regulation understanding

Education

Actuarial or Maths degree

FIA qualification

Tools

Excel

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.