DB Senior Actuarial Analyst

Just Group plc; London; On-site; GBP 35,000 - 55,000; Full time

Job summary

Just Group plc, a leading FTSE 250 Financial Services company, seeks a motivated individual for a pivotal actuarial role. The position involves supporting pricing and actuarial tasks, precision in premium calculations, and collaborating with analysts. Ideal candidates are working towards FIA qualifications with strong analytical backgrounds and Excel proficiency.

Benefits

Inclusive environment initiatives

Commitment to sustainability

Qualifications

• Progressing towards FIA qualification or similar.
• Strong analytical skills and proficiency in Excel.
• Experience in pensions, investment consultancy, or life insurance.

Responsibilities

• Support DB Pricing Actuary in new business quotations.
• Build pricing models and conduct data analysis.
• Coordinate with team to finalize deliverables.

Skills

Analytical skills

Problem-solving

Interpersonal skills

Teamwork

Communication

Technical actuarial understanding

Knowledge of DB market

Education

FIA qualification (working towards or ceased)

Tools

Excel

Coding (Julia, Python, VBA)

Job description

We’re a FTSE 250 Financial Services company specializing in retirement solutions. Currently, our industry is evolving rapidly. With the defined benefit buy-in/buy-out space expanding annually, Just continues to grow its assets by over £4bn each year.

We are a purpose-driven company with compelling goals. Our mission is to help people achieve a better later life by providing innovative products, services, financial advice, and guidance for security and peace of mind in retirement.

We aim to be a beacon in the retirement industry because we believe everyone deserves a fair, secure, and fulfilling retirement.

Purpose

This role involves providing pricing and actuarial input to support the delivery of the DB Business Plan, including all BAU activities and ad hoc tasks.

Job Role Accountabilities

• Support the DB Pricing Actuary in delivering accurate and timely new business quotations.
• Build and operate pricing models to calculate premiums, data manipulation, assumptions setting, and pricing metrics calculation.
• Review drafts of internal sign-off documents prepared by DB Actuarial Analysts, ensuring clarity and completeness.
• Review initial drafts of external quotation documents.
• Coordinate with DB Actuarial Analysts and the DB Pricing Actuary to transition outsourced quotes and finalize deliverables.
• Drive projects proactively to meet deadlines.
• Develop in-depth knowledge of all systems and tools used in DB pricing.
• Support ad hoc tasks such as data analysis, proposition development, system testing, and process improvements.
• Assist in developing junior team members.
• Promote a collaborative and engaged team culture.

Qualifications

• Working towards FIA qualification or have ceased pursuing actuarial exams; strong progress is desirable.

Skills and Knowledge

• Strong analytical and problem-solving skills.
• Proficiency in IT, especially Excel.
• Good interpersonal and teamwork skills.
• Excellent communication skills, capable of explaining complex concepts clearly.
• Self-motivated with minimal supervision.
• Understanding of technical actuarial concepts, especially bulk annuity pricing principles.
• Knowledge of the DB buy-in/buy-out market, life insurance, and relevant regulations.

Experience

• Experience in pensions, investment consultancy, life insurance, or reinsurance.
• Coding experience (e.g., Julia, Python, VBA) is a plus.

Why Just?

We are committed to sustainability, aiming to reduce our emissions to Net Zero by 2025 (Scope 1 & 2) and 2050 (Scope 3). We foster a diverse and inclusive environment, participating in initiatives like the Race at Work Charter and supporting employee networks for underrepresented groups.

At Just, we care about our customers, our purpose, our environment, inclusivity, wellbeing, and each other.