Group Pricing Actuary

Actuary - Group Pricing

Location: London

Job Type: Full time

Who are Just?

We’re a FTSE 250 Financial Services company who specialize in retirement solutions. Just continues to grow its business annually by over £4bn of assets. We help people achieve a better later life by providing competitive and innovative products, services, financial advice, and guidance for retirement.

Purpose

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

Role Accountabilities

• Lead the production of Group Pricing BAU processes, including bi-weekly/monthly MI, Pricing Yield Curves, Business Planning, and ensure compliance with EUC policies and TAS.
• Support the Head of Group Pricing in maintaining up-to-date pricing frameworks for all products and reviewing the pricing approach for new products and risks.
• Maintain relationships with related departments to ensure a consistent understanding of financial metrics across pricing, reinsurance, valuation, and capital management.
• Support the development and maintenance of data, processes, and systems used by the Group Pricing team.
• Support the delivery of projects and BAU activity for the Chief Actuary team and wider company projects.
• Integrate new technologies to streamline processes and enhance capabilities for the Chief Actuary team.
• Develop and maintain data, processes, and systems used by the Chief Actuary team.
• Maintain own competence and personal development.

Skills and Knowledge

• Strong data handling, analytical, and modeling skills.
• Excellent time management skills.
• Excellent verbal, written communication, and interpersonal skills.
• Ability to deal with multiple projects and change.
• Ability and willingness to supervise analysts in the team.
• Excellent IT skills, including Power BI, coding language e.g. Python, Julia, in addition to Excel.
• Knowledge of the products and services provided by the Group, their risks, and capital requirements.
• Understanding of the industry and the Group’s target markets.
• Understanding of the operating systems and processes within the Group.
• Propensity to maintain competence and up-to-date knowledge.

Experience

• Experience in the UK life industry.
• Pricing and product development experience of annuities and/or lifetime mortgages.
• Experience in capital management, actuarial reporting, ALM, and Pricing is preferred.
• Nearly or Qualified FIA, FFA, or equivalent.

Company Benefits

• 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.
• Generous and highly achievable bonus scheme.
• Opportunity to progress within your career.
• FREE access to the Headspace App, a 24/7 Employee Assistance Helpline, and Trained Physical & Mental Health First Aiders (On-Site).
• Employee Funded Benefits available via our Online Benefits Portal.

Why Just?

We are committed to building a more sustainable business and have publicly committed to reduce our emissions. Diversity, Equity, and Inclusion (DE&I) is a key priority for Just. We care about our customers, our purpose, our environment, inclusivity, wellbeing, and each other.