DB Transaction Solutions Senior Analyst

DB Transaction Solutions Senior Analyst

Date Posted: 17/02/2025

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 aim to become a beacon for the retirement industry, believing that everyone deserves a fair, secure, and fulfilling retirement.

Purpose

The purpose of this role is to undertake actuarial input on asset solutions and funded reinsurance to support the delivery of the Defined Benefit (DB) Business Plan and the management of ongoing funded reinsurance contracts.

Job Role Accountabilities

• Support the Head of DB Transaction Solutions with the development of tools, processes, and methodologies for the production of price locks for DB transactions.
• Model pension scheme liquid asset portfolios to create bespoke price locks for larger transactions.
• Monitor aggregate market risk exposure across ongoing DB transactions and summarise for the Pricing Committee and Market Risk Forum.
• Liaise with Derivative Solutions and ALM teams on the implementation of hedges to mitigate market risk.
• Give initial consideration to scheme requests to transfer liquid assets in-specie as part of premium payment.
• Support the Head of DB Transaction Solutions with the continued development of pricing methodologies for larger DB transactions.
• Collateral management for existing funded reinsurance arrangements.
• Develop a deep knowledge of systems and tools used across DB and ensure further developments are efficiently integrated.

Qualifications

• 2.1 or above in a technical/mathematical degree is desirable.
• Many of our team are working towards an FIA qualification, but we also consider individuals not pursuing an actuarial qualification or working towards alternatives (e.g., CFA).

Skills and Knowledge

• Strong numeracy skills.
• Strong analytical and problem-solving skills.
• Strong IT skills, including Excel and programming languages.
• Good interpersonal and team working skills.
• Excellent verbal and written communication skills.
• 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 working with pension scheme asset portfolios and using Bloomberg 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. 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. We have joined initiatives designed to improve outcomes for employees from underrepresented backgrounds and run a Reciprocal Mentoring scheme for employees from diverse backgrounds.

We care about our customers, our purpose, our environment, inclusivity, wellbeing, and most importantly - each other.