Actuarial Analyst - Member Calculations

Actuarial Analyst - Member Calculations

Date Posted: 10/12/2024

Location: Reigate

Job Type: Full time

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Purpose

The purpose of this role is to complete member options calculations utilising varying inputs required. In addition, the role is key to support the growth and development of the DB area and our member experience activities.

In this Role you will:

• Provide calculation support for standard and non-standard member option calculations.
• Analyse and upload new scheme benefit data to enable automated tool to run to maximise outputs and remove manual calculations.
• Support and assist Head of True up and DB Actuary in accurate and timely delivery of data true ups.
• Prepare/check internal sign off documentation for each quotation as required following agreed sign off process.
• Carry out all necessary BAU work for in force business which includes scheme valuations when required.
• Develop a deep knowledge of all systems and tools used by the True up team.
• Proactively drive projects forward to ensure they are progressed in line with expected timescales.
• Actively assist in development of junior DB team members through training and knowledge sharing.

Qualifications

• Obtained or working towards the FIA qualification and making good progress with the actuarial exams; or
• Someone who has ceased working towards an actuarial qualification.

Skills and Knowledge

• Strong analytical and problem solving skills.
• Strong IT skills, particularly Excel.
• Good interpersonal and team working skills.
• Excellent verbal and written communication skills, with the ability to present complex financial concepts in a clear and concise manner.
• Ability to work without close supervision.
• Sound knowledge of technical actuarial concepts, particularly principles underlying bulk annuity pricing.
• Good knowledge and awareness of the DB buy in/buy out market, life insurance and relevant regulation.
• Experience of working within a pensions or investment consultancy, life insurer or reinsurer.

Company Benefits:

• A Competitive Salary, Pension Scheme and Life Assurance.
• Along with 25 Days Annual Leave plus an Additional Day on us for your Birthday.
• Private Medical Cover and Income Protection, just in case.
• A generous and highly achievable bonus scheme – paid annually based on individual and company performance against targets.
• Opportunity to progress within your career both in-role and within the company.
• FREE access to the Headspace App, a 24/7 Employee Assistance Helpline and Trained Physical & Mental Health First Aiders (On-Site).
• A variety of Employee Funded Benefits available to you via our Online Benefits Portal.
• Plus, several additional purchase options available for you and your loved ones.

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’ve made good progress so far and encourage our people to make small and meaningful changes in their everyday lives, so that we can protect our planet for future generations.

Diversity, Equity and inclusion (DE&I) is a key priority for Just as part of our overall strategy and ensuring all of our people feel proud to work at Just. We have joined a number of initiatives including the Race at Work Charter, designed to improve outcomes for employees from underrepresented backgrounds. We also run a Reciprocal Mentoring scheme for employees from a BAME background, those with a disability and those who identify as LGBTQ+.

There are multiple employee network groups, which champion issues including race, gender, social mobility and neurodiversity. 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.