Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Develop and test member calculation tools for defined benefit pensions.
- Company: Join a fast-growing company dedicated to helping people enjoy their retirement.
- Benefits: Competitive salary, generous leave, private medical cover, and career progression opportunities.
- Why this job: Make a real impact in the pension industry while working with innovative tools.
- Qualifications: Experience in pensions or life insurance, strong analytical skills, and IT proficiency.
- Other info: Collaborative environment with a focus on personal and professional growth.
The predicted salary is between 36000 - 60000 £ per year.
This role is key to support the growth and development of the Defined Benefit (DB) area and primarily our member option calculation function. The purpose of this role is to assess member option calculation requirements, scope and develop calculation requirements and ensure the accuracy of our solutions. This role will also involve working collaboratively to develop capabilities and test bespoke, automation member option tools within the DB Business. The role holder will also be able to provide other actuarial calculations which may include, but not limited to, new business and true up activities to support our growth agenda.
Key responsibilities
- Drive development and refinement of features of the member option calculation tool.
- Test and review automated member calculation results for accuracy and complete UAT on the tool.
- Prepare and/or check internal sign off documentation for each development as required following agreed sign off process.
- Develop a deep knowledge of all systems and tools used by our actuarial and operational teams.
- 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.
- Collaborate with the DB Pricing and Proposition Development teams to ensure our tools reflect insured benefits and meet benefit design briefs.
- Work collaboratively with colleagues across DB to ensure that tool and data structure changes flow through effectively to the wider DB ecosystem.
What we’re looking for
- Experience of working within a pension consultancy or life insurance company.
- Strong technical skills, deep technical knowledge of actuarial concepts particularly those underlying bulk annuity pricing.
- Strong knowledge and awareness of the DB buy in/buy out market, life insurance and relevant regulation.
- Obtained/part FIA qualifications or experienced professionals without FIA qualifications, but with pensions and model development experience will also be considered.
- Strong analytical and problem solving skills.
- Strong IT skills, particularly Excel and VBA.
What’s in it for you
- A competitive salary, pension scheme and life assurance.
- 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.
- Opportunities to progress your career in-role and within the company.
- Free access to the Headspace app, 24/7 employee assistance helpline and trained physical and mental health first aiders.
- A variety of employee funded benefits available via our online benefits portal.
- Plus, several additional purchase options available for you and your loved ones.
Actuarial Developer - Member Calculation Tools & Testing employer: Just Group plc
Contact Detail:
Just Group plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Developer - Member Calculation Tools & Testing
✨Tip Number 1
Network like a pro! Reach out to people in the actuarial field, especially those who work at companies you're interested in. A friendly chat can open doors and give you insights that job descriptions just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills. Since this role involves actuarial concepts and tools, make sure you can discuss your experience with Excel and VBA confidently. We want you to shine!
✨Tip Number 3
Showcase your problem-solving skills during interviews. Be ready to share examples of how you've tackled challenges in previous roles, especially related to member option calculations or similar projects.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining our team and contributing to our growth journey.
We think you need these skills to ace Actuarial Developer - Member Calculation Tools & Testing
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Actuarial Developer role. Highlight your experience in pension consultancy or life insurance, and showcase your technical skills, especially in actuarial concepts and tools relevant to member option calculations.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about helping people achieve a better later life and how your background aligns with our mission at StudySmarter. Be specific about your experience with DB calculations and automation tools.
Showcase Your Problem-Solving Skills: In your application, don’t forget to mention examples of how you've tackled complex problems in previous roles. We love candidates who can demonstrate strong analytical skills and a proactive approach to driving projects forward.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity to join our growing team!
How to prepare for a job interview at Just Group plc
✨Know Your Numbers
Brush up on your actuarial concepts and the specifics of defined benefit calculations. Be ready to discuss how you’ve applied these in previous roles, especially in relation to member option calculations.
✨Showcase Your Technical Skills
Prepare to demonstrate your proficiency in Excel and VBA. Consider bringing examples of tools or models you've developed or improved, as this will highlight your technical capabilities and problem-solving skills.
✨Understand the Company’s Mission
Familiarise yourself with Just's purpose and values. Be prepared to explain how your experience aligns with their goal of helping customers achieve a better later life, and how you can contribute to their growth journey.
✨Collaborative Mindset
Think about examples where you've worked collaboratively in a team setting. Be ready to discuss how you’ve driven projects forward and supported junior team members, as teamwork is key in this role.
