Actuarial Analyst (Chief Actuary Team)

Actuarial Analyst - Chief Actuary Team

Date Posted: 31/01/2025

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 goals, helping people achieve a better later life through competitive and innovative products, services, financial advice, and guidance. We believe everyone deserves a fair, secure, and fulfilling 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, and Business Planning, ensuring compliance 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 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 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 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 inputs and outputs are delivered on time.
• Collaborate across the Chief Actuary team to ensure consistency of pricing, reinsurance, and reserving.

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), and 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 in the financial sector, preferably life insurance, 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 several 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.