DB Reinsurance Actuary

DB Reinsurance Actuary

Date Posted: 20/02/2025

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 and credible goals. Quite simply, we help people achieve a better later life.

We achieve this by providing competitive and innovative products, services, financial advice, and guidance to help our customers achieve security, certainty, and peace of mind in retirement. We’re a company on a mission: to become a beacon for the entire retirement industry. We believe everyone deserves a fair, secure, and fulfilling retirement.

Purpose

In this role, you will help to develop Just’s reinsurance capabilities for the Defined Benefits (DB) business. You will work across the DB team to analyse reinsurance pricing and implement reinsurance terms from multiple counterparties into the DB Pricing framework. Your goal will be to optimise the use of reinsurance from an operational and commercial perspective.

Skills and Knowledge

• Problem analysis and resolution skills.
• Ability to work without close supervision.
• Capable of working collaboratively and effectively.
• Strong IT skills including Excel and programming languages, with a keen attitude to learn where these skills don’t exist.
• Excellent verbal, written communication, and interpersonal skills.
• Open-minded and willing to engage in challenge.
• High degree of understanding of the products and services provided by the Group, the markets, and the regulatory/legal framework that the Group operates within.
• Knowledge of the DB de-risking market, pricing of DB liabilities and associated metrics, Annuity products and pricing systems, Solvency II capital requirements, and Reinsurance arrangements.

Experience

• Experience gained in the Life Insurance industry, including reinsurance experience.
• Experience in the bulk annuity market.
• Defined benefit experience is desirable.
• Coding experience is desirable, for example, Julia, Python, and/or VBA.

Company Benefits

• A competitive salary, pension scheme, and life assurance.
• 25 days annual leave plus an additional day for your birthday.
• Private medical cover and income protection.
• 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 and a 24/7 Employee Assistance Helpline.
• A variety of employee-funded benefits available via our Online Benefits Portal.
• Several additional purchase options available for you and your loved ones.

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