DB Senior Reinsurance Actuary

Just Group plc; London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading financial services company is seeking a professional to enhance its reinsurance capabilities within the Defined Benefits sector. The ideal candidate will bring expertise in the Life Insurance industry, particularly in reinsurance and the bulk annuity market. This role offers competitive benefits and opportunities for career progression.

Benefits

Competitive salary

Pension scheme

Life assurance

25 days annual leave plus an additional day for your birthday

Private medical cover

Generous bonus scheme

Opportunities for career progression

Access to Headspace

24/7 Employee Assistance Helpline

Qualifications

• Experience in the Life Insurance industry, including reinsurance.
• Experience in the bulk annuity market is preferred.
• Defined benefit experience is desirable.

Responsibilities

• Develop Just’s reinsurance capabilities for the Defined Benefits business.
• Analyze reinsurance pricing and implement terms into the DB Pricing framework.
• Optimize reinsurance from operational and commercial perspectives.

Skills

Problem analysis and resolution skills

Ability to work independently

Collaborative work ethic

Strong IT skills

Excellent verbal communication

Understanding of regulatory framework

Knowledge of DB de-risking market

Tools

Excel

Python

Julia

VBA

Job description

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

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

That’s who we are. We’re on a mission to become a beacon for the entire retirement industry because we believe everyone deserves a fair, secure, and fulfilling retirement.

Purpose

In this role, you will help develop Just’s reinsurance capabilities for the Defined Benefits (DB) business. You will work across the DB team to analyze reinsurance pricing, implement reinsurance terms from multiple counterparties into the DB Pricing framework, and optimize reinsurance from operational and commercial perspectives.

Skills and Knowledge

• Problem analysis and resolution skills
• Ability to work independently
• Collaborative work ethic and resource understanding
• Strong IT skills, including Excel and programming languages, with a willingness to learn new skills
• Excellent verbal, written, and interpersonal communication skills
• Open-mindedness and willingness to engage in challenge
• Understanding of the Group’s products, services, markets, and regulatory/legal framework
• Knowledge of the DB de-risking market, pricing of DB liabilities, annuity products, Solvency II capital requirements, and reinsurance arrangements

Experience

• Experience in the Life Insurance industry, including reinsurance
• Experience in the bulk annuity market
• Defined benefit experience is desirable
• Coding experience (e.g., Julia, Python, VBA) is desirable

Company Benefits

• Competitive salary, pension scheme, and life assurance
• 25 days annual leave plus an additional day for your birthday
• Private medical cover and income protection
• Generous bonus scheme based on individual and company performance
• Opportunities for career progression
• Free access to Headspace, 24/7 Employee Assistance Helpline, and trained health first aiders
• Various employee-funded benefits
• Additional purchase options for you and loved ones