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For Companies At a Glance
- Tasks: Support member options calculations and enhance actuarial tools for a better customer experience.
- Company: Join Just, a fast-growing FTSE 250 company dedicated to improving retirement lives.
- Benefits: Enjoy competitive salary, 25 days leave, private medical cover, and a generous bonus scheme.
- Why this job: Make a real impact while developing your career in a collaborative and innovative environment.
- Qualifications: Ideal for graduates or those with pensions consultancy experience; strong analytical skills required.
- Other info: Flexible working options and a commitment to diversity and sustainability.
The predicted salary is between 36000 - 60000 £ per year.
Overview
Job Title: Actuarial Analyst – Member Services
Location: Reigate hybrid 50%
Full time – 35 hours
____________________________________________________
Who are Just?
We help people achieve a better later life. That’s our purpose and it’s the reason we exist. We are a fast-growing FTSE 250 company helping customers enjoy the retirement they deserve. We do this through a variety of market leading, award-winning products and services, delivered by a diverse team of over 1,400 purpose-led colleagues who genuinely put the customer at the heart of everything we do.
This is a brilliant time to join our business. We are on an exciting growth journey to become the UK’s most loved retirement expert.
Purpose
The purpose of this role is to complete member options calculations that require actuarial input and support actuarial testing of the member options tool. In addition, the role is key to support the growth and development of the DB area and our member experience activities.
Responsibilities
- Provide calculation support for standard and non-standard member option calculations that require actuarial input
- Analyse, upload and test new scheme benefit data to enable member options tools to run correctly and efficiently
- Support the monthly update of member options tools
- Ongoing troubleshooting, developing solutions and supporting the development of member options tools
- 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 Actuarial Member Services 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
Skills and Experience
- Experience of working within a pensions or investment consultancy, life insurer or reinsurer or a graduate with a suitable degree.
- 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.
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?
At Just you’ll have the opportunity to develop your career, whilst making a difference to the lives of those around you. You’ll be part of a company with a strong and distinctive culture – we’re ambitious, curious and collaborative – and every decision we make centres around being Just and delivering the best outcomes for our customers.
We’re committed to building a more sustainable business, and we’re working hard to make progress against our Net Zero targets. We\\\’re reducing our reliance on fossil fuels in our offices, switching to more sustainable sources of energy and we\\\’re investing more of our money in green and social assets.
Valuing diversity of thought and fostering a sense of belonging is critical to our business success, driving innovation and balanced decision making. Our work on DEIB (Diversity, Equity, Inclusion and Belonging) aims to deliver a brilliant employee experience underpinned by a sense of belonging, where our people feel proud to work at Just. We remain committed to our publicly disclosed HM Treasury Women in Finance Charter and Race at Work Charter targets and support a wide range of employee network and events, championing issues including intergenerational working, social mobility and neurodiversity.
Be Bold. Be Brilliant. Be Just.
At Just we encourage a flexible and agile working environment for the majority of our opportunities. Get in touch with us to discuss in more detail.
Job details
- Seniority level: Associate
- Employment type: Full-time
- Job function: Analyst
Reigate, England, United Kingdom 23 hours ago
#J-18808-Ljbffr
Actuarial Analyst - Member Services employer: Just Group plc
Contact Detail:
Just Group plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Analyst - Member Services
✨Tip Number 1
Familiarise yourself with the specific actuarial tools and software mentioned in the job description. Understanding how to use these tools effectively can set you apart during the interview process.
✨Tip Number 2
Network with current or former employees of Just, especially those in the Actuarial Member Services team. They can provide valuable insights into the company culture and expectations for the role.
✨Tip Number 3
Stay updated on the latest trends and regulations in the DB buy-in/buy-out market. Demonstrating your knowledge of current industry developments can impress your interviewers.
✨Tip Number 4
Prepare to discuss your problem-solving skills with specific examples. The role requires strong analytical abilities, so showcasing your experience in tackling complex issues will be beneficial.
We think you need these skills to ace Actuarial Analyst - Member Services
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Actuarial Analyst position. Understand the key responsibilities and required skills, such as strong analytical abilities and knowledge of actuarial concepts.
Tailor Your CV: Customise your CV to highlight relevant experience in pensions, investment consultancy, or actuarial roles. Emphasise your analytical skills, IT proficiency, and any experience with member options calculations.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention how your skills align with Just's mission to help customers enjoy their retirement and provide specific examples of your problem-solving abilities.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. Ensure that your communication is clear and concise, reflecting the excellent verbal and written skills required for the role.
How to prepare for a job interview at Just Group plc
✨Understand the Role
Make sure you have a clear understanding of the Actuarial Analyst position and its responsibilities. Familiarise yourself with member options calculations and the tools used in the role, as this will help you answer questions confidently.
✨Showcase Your Analytical Skills
Prepare to discuss your analytical and problem-solving skills. Be ready to provide examples from your past experiences where you've successfully tackled complex issues, especially in a pensions or investment context.
✨Communicate Clearly
Since the role requires presenting complex financial concepts, practice explaining these ideas in a simple and concise manner. This will demonstrate your communication skills and ability to convey information effectively.
✨Demonstrate Team Spirit
Highlight your interpersonal skills and experience working in teams. Discuss how you've contributed to team projects and supported colleagues, as collaboration is key in the Actuarial Member Services team.
