Senior Actuarial Analyst (DB)

DB Senior Actuarial Analyst

Location: London

Job Type: Full time

Who are Just? We’re a FTSE 250 Financial Services company who specialise in retirement solutions. 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 help people achieve a better later life by providing competitive and innovative products, services, financial advice, and guidance to help our customers achieve security and peace of mind in retirement.

Purpose

To support Just’s ambitious growth plans, we are recruiting a DB Senior Actuarial Analyst to join our DB (Defined Benefit) Pricing team. The role will involve supporting the DB team in their objectives to deliver a market leading bulk annuity service and grow in line with our business plan.

About the role:

• You will be a key member of the DB Pricing team and deliver new business quotations in an accurate and timely manner.
• Manage projects and project teams, proactively driving them forward to ensure they are progressed in line with expected timescales.
• Develop a deep technical and operational knowledge of all systems and tools used in DB.
• Continuously look for areas where we can improve, integrating technology into daily tasks and processes to drive innovation and efficiency.
• Provide support in ad hoc tasks such as data analysis, proposition developments, systems testing, and process improvements.
• Take the lead on these tasks and seek out opportunities to contribute to the wider DB team.
• Be curious, proactive, and open to new ideas, demonstrating a track record of adapting to change and embracing technology.
• Develop strong technical skills, for example by learning new coding languages, to support the development of models, tools, and processes in the team.
• Proactively promote a culture of collaboration and engagement within the DB Pricing team, setting an example for junior team members and helping with coaching/training.
• Work closely with our DB Reinsurance and Commercial teams to ensure effective delivery of competitive, market leading propositions.
• Conduct line management responsibilities where necessary.

Examples of Key Activities

• Contribute to the completion and checking of the pricing process, including manipulation of data, assumption setting, and calculation of pricing metrics.
• Check drafts of internal sign off documentation for each quotation, ensuring results are presented clearly.
• Check quotation documents to be issued externally, ensuring they are of a high standard.
• Assist with development and refinement of pricing models and processes.

Qualifications

• A technical/mathematical degree is desirable.
• Many team members are working towards an FIA qualification, but we are keen to consider individuals who have ceased or are not working towards an actuarial qualification.

Skills and Knowledge

• Strong numeracy skills.
• Strong analytical and problem-solving skills.
• Strong IT skills including Excel and programming languages, with a keen attitude to learn.
• Good interpersonal and team working skills.
• Excellent verbal and written communication skills, with the ability to present complex financial concepts clearly.
• Ability to work without close supervision.
• Sound knowledge of technical actuarial concepts, particularly principles underlying bulk annuity pricing.
• Good knowledge of the DB buy in/buy out market, life insurance, and relevant regulation.

Experience

• Experience of working within a related field (pensions, insurance, finance) is desirable.
• Coding experience is desirable, for example Julia, Python, and/or VBA.

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. Diversity, Equity, and Inclusion (DE&I) is a key priority for Just, ensuring all of our people feel proud to work here. We care about our customers, our purpose, our environment, inclusivity, wellbeing, and most importantly - each other.