At a Glance
- Tasks: Support member experience activities and develop automated tools for pension calculations.
- 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 50000 - 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 Pensions Specialist employer: Just Group plc
Just is an exceptional employer, dedicated to fostering a supportive and inclusive work culture that prioritises employee well-being and growth. With a competitive salary, generous benefits including private medical cover and a robust bonus scheme, employees are empowered to thrive both personally and professionally. Located in vibrant London or Reigate, this role offers the unique opportunity to contribute to meaningful projects that enhance the retirement experience for customers while collaborating with a diverse team of passionate professionals.
StudySmarter Expert Advice🤫
We think this is how you could land Actuary - Defined Benefit Pensions Specialist
✨Network Like a Pro
Get out there and connect with people in the actuarial field! Attend industry events, webinars, or even local meetups. We can’t stress enough how valuable personal connections can be in landing that dream job.
✨Show Off Your Skills
When you get the chance to chat with potential employers, don’t hold back! Share your experiences and how you’ve tackled challenges in DB pensions. We want to see your passion and expertise shine through!
✨Prepare for Interviews
Do your homework on the company and the role. We recommend practising common actuarial interview questions and preparing some thoughtful questions of your own. This shows you’re genuinely interested and ready to contribute.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about joining our team.
We think you need these skills to ace Actuary - Defined Benefit Pensions Specialist
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Actuary - Defined Benefit Pensions Specialist. Highlight your relevant experience in DB pensions and any coding skills you have, even if they're not essential. We want to see how your background fits with our mission!
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. Share specific examples of your work in actuarial roles and how you can contribute to our growth journey.
Showcase Your Technical Skills:If you've got experience with member option calculations or any actuarial tools, make sure to mention it! We love candidates who can demonstrate their technical know-how, so don’t hold back on sharing your achievements in this area.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity. We can’t wait to hear from you!
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 those related to Defined Benefit pensions.
✨Showcase Your Collaboration Skills
This role involves working closely with various teams, so highlight your experience in collaborative projects. Share examples of how you've successfully worked with others to develop or refine actuarial tools or processes.
✨Stay Current with Market Trends
Understanding the latest trends in the pensions market is crucial. Research recent changes in regulations or market conditions that could impact Defined Benefit schemes, and be ready to discuss how these might affect your work.
✨Prepare Questions for Them
Interviews are a two-way street! Prepare thoughtful questions about their member experience initiatives and how they support the growth of the DB area. This shows your genuine interest in the role and the company.
