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- Tasks: Support member experience by calculating and refining defined benefit options.
- 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.
- Other info: Dynamic team environment with a focus on personal and professional growth.
- Why this job: Make a real impact in the pensions sector while developing your actuarial skills.
- Qualifications: Experience in DB pensions consultancy; coding skills are a plus.
The predicted salary is between 55000 - 65000 £ per year.
This actuarial role is key to support the growth and development of the Defined Benefit (DB) area and primarily our member experience activities. The purpose of this role is to assess calculation requirements, provide technical support and guidance alongside completion of member options calculations utilising varying inputs required. This role will also involve working collaboratively to develop capabilities and test bespoke, automated 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.
About 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 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.
Key responsibilities:
- Provide calculation support for standard and non-standard member option calculations which require actuarial referral.
- Test and sign off the onboarding of new schemes onto our automated member option tools.
- Act as an actuarial defined benefit subject matter expert to assist with queries from the wider Operations function and with new scheme triage.
- Development and refinement of features of our member option calculation tools.
- Ongoing updates to tools for market conditions and basis changes.
- Ongoing monitoring of our member options basis.
- Support the development of junior staff.
What we’re looking for:
- Experience gained in within an actuarial team in a DB Pensions consultancy, Life insurer or equivalent.
- Experience in the bulk annuity market or within a pensions consultancy. Defined benefit experience is essential.
- Coding experience is desirable but not essential, for example in Julia, Python and/or VBA.
- Part/newly/nearly qualified Actuary or not qualified/taking exams but has the required equivalent experience.
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.
Explore our full range of benefits on our dedicated benefits page.
Actuary - Defined Benefit Calculations Specialist employer: Just Group plc
Contact Detail:
Just Group plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuary - Defined Benefit Calculations Specialist
✨Network Like a Pro
Get out there and connect with people in the actuarial field! Attend industry events, join relevant online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your experience with defined benefit calculations and any coding skills you have. We want to see how you can contribute to our growth agenda, so don’t hold back on showcasing your expertise!
✨Prepare for the Interview
Do your homework before the interview! Understand our company’s mission and values, especially how we help people achieve a better later life. We love candidates who align with our purpose, so be ready to discuss how you can support our member experience activities.
✨Apply Through Our Website
We encourage you to apply directly through our website. It’s the best way to ensure your application gets seen by the right people. Plus, you’ll find all the details about the role and our amazing benefits right there!
We think you need these skills to ace Actuary - Defined Benefit Calculations Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience that match the Actuary role. Highlight your experience in defined benefit calculations and any relevant coding skills. We want to see how you can contribute to our growth!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background aligns with our mission at StudySmarter. Let us know what excites you about working in the DB area.
Showcase Your Technical Skills: If you've got experience with tools like Python or VBA, make sure to mention it! Even if it's not essential, we love seeing candidates who are keen on tech and automation. It shows you're ready to help us innovate.
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 don’t miss out on any important updates. Plus, it’s super easy!
How to prepare for a job interview at Just Group plc
✨Know Your Numbers
As an Actuary, you'll be dealing with complex calculations, so brush up on your technical skills. Be prepared to discuss specific actuarial methods and tools you've used in the past, especially related to Defined Benefit calculations. This will show your expertise and confidence in the field.
✨Showcase Collaboration Skills
This role involves working closely with others, so highlight your teamwork experience. Think of examples where you’ve collaborated on projects or helped develop tools. Be ready to explain how you can contribute to a positive team dynamic and support junior staff.
✨Stay Current with Market Trends
Understanding market conditions is crucial for this position. Research recent changes in the pensions landscape and be prepared to discuss how these might impact member options calculations. This shows that you're proactive and engaged with the industry.
✨Prepare Questions
Interviews are a two-way street, so come armed with thoughtful questions. Ask about the company’s growth plans, the tools they use, or how they support employee development. This demonstrates your genuine interest in the role and the company culture.