Actuarial Analyst - Group Pricing

Date Posted: 26/03/2025

Location: London

Job Type: Full time

Who are Just? We’re a FTSE 250 Financial Services company who specialise in retirement solutions. Our world is moving quickly, with the defined benefit buy in/buy out space growing each year. Just continues to grow its business by over £4bn of assets annually. We are a purpose-driven company with compelling and credible goals. We help people achieve a better later life by providing competitive and innovative products, services, financial advice, and guidance to help our customers achieve security, certainty, and peace of mind in retirement.

Purpose

To support the Head of Group Pricing in ensuring all product pricing is accurate and aligned to the Group’s risk appetite and financial objectives, and to support the development of new products.

Job Role Accountabilities

Support the Head of Group Pricing in developing, calibrating, and documenting assumption methodologies and parameters, including minimum pricing parameters.
Produce deliverables for Group Pricing BAU processes, including weekly/monthly MI, Pricing yield Curves, Business Planning, and ensure these processes are compliant with EUC policies and TAS.
Maintain up-to-date pricing frameworks for all products, and review the pricing approach for new products and risks.
Support the delivery of projects and BAU activity for the Chief Actuary team, and support wider company projects as required.
Integrate new technologies into existing workflows to streamline processes and enhance capabilities for the Chief Actuary team.
Develop and maintain the data, processes, and systems used by the Chief Actuary team, including appropriate quality assurance, controls, and documentation.
Maintain own competence and personal development.
Support the Chief Actuary team as required.

Examples of Key Activities

Carry out key Chief Actuary team development projects and BAU work, including monthly MI and yield curve updates, and communicate the results to stakeholders as requested.
Develop and maintain key tools within the Chief Actuary team.
Support the implementation of modern technology to automate and improve efficiency of processes and tools.
Support ad-hoc queries, working with other members of the Chief Actuary team and independently.
Liaise with colleagues to ensure the inputs and outputs are delivered on time.
Collaborate across the Chief Actuary team to ensure consistency of pricing, reinsurance, and reserving.

Qualifications

Upper second class degree in a science subject or equivalent.
Study towards an actuarial qualification with a good record of exam progress.

Skills and Knowledge

Strong data handling, analytical, and modelling skills, with a proactive and innovative approach to finding solutions.
Strong time management skills.
Strong verbal, written communication, and interpersonal skills.
Propensity to maintain competence and up-to-date knowledge.
Excellent IT skills, including Power BI, coding languages (e.g., Python, Julia), in addition to Excel/VBA.
Knowledge of the products and services provided by the Group.
Understanding of the industry and the Group’s target markets.
Understanding of the operating systems and processes within the Group, particularly for pricing.

Experience

Actuarial student with some experience of working in the financial sector, preferably life insurance sector, including a good knowledge of insurance products and markets.
Experience in capital management, actuarial reporting, ALM, and Pricing is preferred, but not essential.

Why Just? We are committed to building a more sustainable business and have publicly committed to reduce our scope 3 emissions to Net Zero by 2050 and our scope 1 and 2 emissions to Net Zero by 2025. We encourage our people to make small and meaningful changes in their everyday lives to protect our planet for future generations.

Diversity, Equity, and Inclusion (DE&I) is a key priority for Just as part of our overall strategy, ensuring all of our people feel proud to work at Just. We have joined a number of initiatives designed to improve outcomes for employees from underrepresented backgrounds. We also run a Reciprocal Mentoring scheme for employees from diverse backgrounds.

What’s clear about working at Just is that we care. We care about our customers, our purpose, our environment, inclusivity, wellbeing, and most importantly - each other.

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