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For Companies At a Glance
- Tasks: Join us to enhance reinsurance capabilities and optimise pricing in the Defined Benefits sector.
- Company: We're a leading FTSE 250 Financial Services firm focused on innovative retirement solutions.
- Benefits: Enjoy competitive salary, generous leave, private medical cover, and career progression opportunities.
- Why this job: Be part of a purpose-driven team making a real impact on people's retirement security.
- Qualifications: Experience in Life Insurance and reinsurance is essential; coding skills are a plus.
- Other info: Work in a collaborative environment with access to wellness resources like Headspace.
The predicted salary is between 43200 - 72000 £ per year.
We’re a FTSE 250 Financial Services company specializing in retirement solutions, and our world is moving quickly. With the defined benefit buy-in/buy-out space expanding each year, Just continues to grow its assets by over £4bn annually.
We are a purpose-driven company with compelling goals. We help people achieve a better later life by providing innovative products, services, financial advice, and guidance to ensure security, certainty, and peace of mind in retirement.
That’s who we are. We’re on a mission to become a beacon for the entire retirement industry because we believe everyone deserves a fair, secure, and fulfilling retirement.
Purpose
In this role, you will help develop Just’s reinsurance capabilities for the Defined Benefits (DB) business. You will work across the DB team to analyze reinsurance pricing, implement reinsurance terms from multiple counterparties into the DB Pricing framework, and optimize reinsurance from operational and commercial perspectives.
Skills and Knowledge
- Problem analysis and resolution skills
- Ability to work independently
- Collaborative work ethic and resource understanding
- Strong IT skills, including Excel and programming languages, with a willingness to learn new skills
- Excellent verbal, written, and interpersonal communication skills
- Open-mindedness and willingness to engage in challenge
- Understanding of the Group’s products, services, markets, and regulatory/legal framework
- Knowledge of the DB de-risking market, pricing of DB liabilities, annuity products, Solvency II capital requirements, and reinsurance arrangements
Experience
- Experience in the Life Insurance industry, including reinsurance
- Experience in the bulk annuity market
- Defined benefit experience is desirable
- Coding experience (e.g., Julia, Python, VBA) is desirable
Company Benefits
- Competitive salary, pension scheme, and life assurance
- 25 days annual leave plus an additional day for your birthday
- Private medical cover and income protection
- Generous bonus scheme based on individual and company performance
- Opportunities for career progression
- Free access to Headspace, 24/7 Employee Assistance Helpline, and trained health first aiders
- Various employee-funded benefits
- Additional purchase options for you and loved ones
Contact Detail:
Just Group plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land DB Senior Reinsurance Actuary
✨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 during interviews but also demonstrate your genuine interest in the role and the company.
✨Tip Number 2
Network with professionals in the Life Insurance and reinsurance sectors. Attend industry events or join relevant online forums to connect with people who can provide insights into the role and potentially refer you to opportunities at StudySmarter.
✨Tip Number 3
Brush up on your coding skills, especially in languages like Python or VBA. Being able to demonstrate your technical abilities during discussions can set you apart from other candidates and show your commitment to continuous learning.
✨Tip Number 4
Prepare to discuss specific examples of how you've tackled problem analysis and resolution in previous roles. This will showcase your analytical skills and ability to work independently, which are crucial for the DB Senior Reinsurance Actuary position.
We think you need these skills to ace DB Senior Reinsurance Actuary
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the DB Senior Reinsurance Actuary position. Tailor your application to highlight how your skills and experience align with the job description.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in the Life Insurance industry, particularly in reinsurance and the bulk annuity market. Mention any specific projects or achievements that demonstrate your expertise in these areas.
Showcase Technical Skills: Since strong IT skills are essential for this role, be sure to include your proficiency in Excel and any programming languages you know, such as Python or VBA. Provide examples of how you've used these skills in previous roles.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also conveys your passion for helping people achieve a better later life. Discuss how you can contribute to Just's mission and values, making a personal connection to the company's goals.
How to prepare for a job interview at Just Group plc
✨Understand the Company and Its Mission
Before your interview, take some time to research the company’s mission and values. Understanding how they aim to provide security and peace of mind in retirement will help you align your answers with their goals.
✨Showcase Your Technical Skills
As a DB Senior Reinsurance Actuary, strong IT skills are crucial. Be prepared to discuss your experience with Excel and any programming languages like Python or VBA. Highlight specific projects where you used these skills effectively.
✨Demonstrate Problem-Solving Abilities
The role requires excellent problem analysis and resolution skills. Prepare examples from your past experiences where you successfully identified issues and implemented effective solutions, particularly in the context of reinsurance or the life insurance industry.
✨Prepare for Collaborative Scenarios
Since the job involves working across teams, think of instances where you collaborated with others. Be ready to discuss how you contributed to team success and how you handle challenges in a collaborative environment.
