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- 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 coding skills are preferred; strong analytical and communication skills required.
- 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
DB Senior Reinsurance Actuary employer: Just Group plc
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 to thoroughly read the job description for the DB Senior Reinsurance Actuary position. Understand the key responsibilities and required skills, such as problem analysis, strong IT skills, and knowledge of the DB de-risking market.
Tailor Your CV: Customise your CV to highlight relevant experience in the Life Insurance industry, particularly in reinsurance and the bulk annuity market. Emphasise any coding skills you possess, such as Julia, Python, or VBA, as these are desirable for the role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the retirement industry and aligns with Just's mission. Mention specific examples of how your skills and experiences make you a suitable candidate for the role, particularly in developing reinsurance capabilities.
Proofread Your Application: Before submitting your application, carefully proofread your CV and cover letter. Check for any spelling or grammatical errors, and ensure that your documents are clear and professional. A polished application reflects your attention to detail.
How to prepare for a job interview at Just Group plc
✨Understand the DB Market
Make sure to brush up on your knowledge of the defined benefit de-risking market and pricing of DB liabilities. Being able to discuss current trends and challenges in this area will show your expertise and interest in the role.
✨Showcase Your Technical Skills
Highlight your strong IT skills, especially in Excel and any programming languages you know, like Python or VBA. Be prepared to discuss how you've used these skills in previous roles, as technical proficiency is crucial for this position.
✨Demonstrate Problem-Solving Abilities
Prepare examples that showcase your problem analysis and resolution skills. Think of specific situations where you identified a problem, developed a solution, and implemented it successfully, as this will resonate well with the interviewers.
✨Communicate Effectively
Since excellent verbal and written communication skills are essential, practice articulating your thoughts clearly. Be ready to explain complex concepts in simple terms, as this will demonstrate your ability to collaborate effectively within the team.
