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- Tasks: Support pricing and actuarial tasks to help deliver our DB Business Plan.
- Company: Join a FTSE 250 company focused on innovative retirement solutions.
- Benefits: Enjoy a collaborative culture, sustainability initiatives, and opportunities for personal growth.
- Why this job: Be part of a purpose-driven team making a real impact in people's retirement lives.
- Qualifications: Pursuing FIA qualification or strong progress; analytical skills and IT proficiency required.
- Other info: Coding experience is a plus; we value diversity and inclusivity in our workplace.
The predicted salary is between 43200 - 72000 £ per year.
We’re a FTSE 250 Financial Services company specializing in retirement solutions. Currently, our industry is evolving rapidly. With the defined benefit buy-in/buy-out space expanding annually, Just continues to grow its assets by over £4bn each year. We are a purpose-driven company with compelling goals. Our mission is to help people achieve a better later life by providing innovative products, services, financial advice, and guidance for security and peace of mind in retirement. We aim to be a beacon in the retirement industry because we believe everyone deserves a fair, secure, and fulfilling retirement.
Purpose
This role involves providing pricing and actuarial input to support the delivery of the DB Business Plan, including all BAU activities and ad hoc tasks.
Job Role Accountabilities
- Support the DB Pricing Actuary in delivering accurate and timely new business quotations.
- Build and operate pricing models to calculate premiums, data manipulation, assumptions setting, and pricing metrics calculation.
- Review drafts of internal sign-off documents prepared by DB Actuarial Analysts, ensuring clarity and completeness.
- Review initial drafts of external quotation documents.
- Coordinate with DB Actuarial Analysts and the DB Pricing Actuary to transition outsourced quotes and finalize deliverables.
- Drive projects proactively to meet deadlines.
- Develop in-depth knowledge of all systems and tools used in DB pricing.
- Support ad hoc tasks such as data analysis, proposition development, system testing, and process improvements.
- Assist in developing junior team members.
- Promote a collaborative and engaged team culture.
Qualifications
Working towards FIA qualification or have ceased pursuing actuarial exams; strong progress is desirable.
Skills and Knowledge
- Strong analytical and problem-solving skills.
- Proficiency in IT, especially Excel.
- Good interpersonal and teamwork skills.
- Excellent communication skills, capable of explaining complex concepts clearly.
- Self-motivated with minimal supervision.
- Understanding of technical actuarial concepts, especially bulk annuity pricing principles.
- Knowledge of the DB buy-in/buy-out market, life insurance, and relevant regulations.
Experience
Experience in pensions, investment consultancy, life insurance, or reinsurance. Coding experience (e.g., Julia, Python, VBA) is a plus.
Why Just?
We are committed to sustainability, aiming to reduce our emissions to Net Zero by 2025 (Scope 1 & 2) and 2050 (Scope 3). We foster a diverse and inclusive environment, participating in initiatives like the Race at Work Charter and supporting employee networks for underrepresented groups. At Just, we care about our customers, our purpose, our environment, inclusivity, wellbeing, and each other.
DB Senior Actuarial Analyst employer: Just Group plc
Contact Detail:
Just Group plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land DB Senior Actuarial Analyst
✨Tip Number 1
Familiarise yourself with the latest trends in the defined benefit buy-in/buy-out market. Understanding the current landscape will not only help you in interviews but also demonstrate your genuine interest in the role and the company.
✨Tip Number 2
Brush up on your Excel skills, as proficiency in this tool is crucial for the role. Consider taking an online course or practicing advanced functions to showcase your capability during discussions.
✨Tip Number 3
Network with professionals in the actuarial field, especially those who work in pensions or life insurance. Engaging with industry peers can provide insights into the role and may even lead to referrals.
✨Tip Number 4
Prepare to discuss your experience with coding languages like Python or VBA, as these skills are a plus for the position. Be ready to explain how you've used these tools in past projects to solve problems or improve processes.
We think you need these skills to ace DB Senior Actuarial Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the DB Senior Actuarial Analyst position. Tailor your application to highlight relevant experience in pensions, investment consultancy, or life insurance.
Highlight Relevant Skills: Emphasise your strong analytical and problem-solving skills in your CV and cover letter. Mention your proficiency in Excel and any coding experience you have, such as Julia, Python, or VBA, as these are valuable for the role.
Showcase Your Qualifications: If you are working towards FIA qualification or have relevant actuarial experience, make sure to include this information prominently in your application. Highlight any progress you've made in your actuarial exams.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also reflects your understanding of Just's mission and values. Discuss how your goals align with their commitment to sustainability and inclusivity in the retirement industry.
How to prepare for a job interview at Just Group plc
✨Understand the Role and Responsibilities
Make sure you have a clear understanding of the job description and the specific responsibilities of a DB Senior Actuarial Analyst. Familiarise yourself with pricing models, actuarial concepts, and the DB buy-in/buy-out market to demonstrate your knowledge during the interview.
✨Showcase Your Analytical Skills
Prepare examples that highlight your strong analytical and problem-solving skills. Be ready to discuss how you've used data manipulation and Excel in previous roles, as these are crucial for the position.
✨Communicate Clearly
Practice explaining complex actuarial concepts in simple terms. The ability to communicate effectively is key, especially when collaborating with team members or presenting findings to stakeholders.
✨Demonstrate Teamwork and Leadership
Be prepared to discuss your experience working in teams and how you've contributed to a collaborative culture. If you have experience mentoring junior team members, share those stories to show your leadership potential.
