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For Companies At a Glance
- Tasks: Develop and test member calculation tools for defined benefit calculations.
- Company: Join a fast-growing company dedicated to helping customers enjoy their retirement.
- Benefits: Competitive salary, generous leave, private medical cover, and career progression opportunities.
- Why this job: Make a real impact in the retirement sector while developing your actuarial skills.
- Qualifications: Experience in pensions or life insurance, strong analytical skills, and IT proficiency.
- Other info: Collaborative environment with a focus on personal and professional growth.
The predicted salary is between 36000 - 60000 £ per year.
Location: London – hybrid 50%
Contract: Permanent
Hours: 35 hours
Purpose
This role is key to support the growth and development of the Defined Benefit (DB) area and primarily our member option calculation function. The purpose of this role is to assess member option calculation requirements, scope and develop calculation requirements and ensure the accuracy of our solutions. This role will also involve working collaboratively to develop capabilities and test bespoke, automation 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
- Drive development and refinement of features of the member option calculation tool.
- Test and review automated member calculation results for accuracy and complete UAT on the tool.
- Prepare and/or check internal sign off documentation for each development as required following agreed sign off process.
- Develop a deep knowledge of all systems and tools used by our actuarial and operational teams.
- Proactively drive projects forward to ensure they are progressed in line with expected timescales.
- Actively assist in development of junior DB team members through training and knowledge sharing.
- Collaborate with the DB Pricing and Proposition Development teams to ensure our tools reflect insured benefits and meet benefit design briefs.
- Work collaboratively with colleagues across DB to ensure that tool and data structure changes flow through effectively to the wider DB ecosystem.
What we’re looking for
- Experience of working within a pension consultancy or life insurance company.
- Strong technical skills, deep technical knowledge of actuarial concepts particularly those underlying bulk annuity pricing.
- Strong knowledge and awareness of the DB buy in/buy out market, life insurance and relevant regulation.
- Obtained/part FIA qualifications or experienced professionals without FIA qualifications, but with pensions and model development experience will also be considered.
- Strong analytical and problem solving skills.
- Strong IT skills, particularly Excel and VBA.
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.
Actuarial Developer - Member Calculation Tools & Testing in London employer: Just Group plc
Contact Detail:
Just Group plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Developer - Member Calculation Tools & Testing in London
✨Tip Number 1
Network like a pro! Reach out to people in the actuarial field, especially those who work at companies you're interested in. A friendly chat can open doors and give you insights that job descriptions just can't.
✨Tip Number 2
Show off your skills! If you've got experience with member option calculation tools or automation, make sure to highlight that in conversations. Bring examples of your work to interviews to demonstrate your expertise.
✨Tip Number 3
Prepare for those tricky questions! Brush up on your knowledge of defined benefit schemes and actuarial concepts. Being able to discuss these topics confidently will set you apart from other candidates.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're genuinely interested in joining our team at Just.
We think you need these skills to ace Actuarial Developer - Member Calculation Tools & Testing in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Actuarial Developer role. Highlight your experience in pension consultancy or life insurance, and showcase your technical skills, especially in actuarial concepts and model development.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're passionate about helping people achieve a better later life. Share specific examples of how your skills align with our mission and the responsibilities of the role.
Showcase Your Technical Skills: Don’t forget to mention your strong IT skills, particularly in Excel and VBA. If you’ve worked on similar tools or projects, give us the details! We love seeing how you can contribute to our member option calculation function.
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 keep track of it as we review candidates!
How to prepare for a job interview at Just Group plc
✨Know Your Actuarial Stuff
Make sure you brush up on your actuarial concepts, especially those related to defined benefit calculations. Be ready to discuss your experience in pension consultancy or life insurance, and how it relates to the role. This will show that you understand the technical requirements of the job.
✨Showcase Your Problem-Solving Skills
Prepare examples of how you've tackled complex problems in previous roles. Think about specific instances where your analytical skills made a difference, particularly in developing or testing calculation tools. This will demonstrate your ability to contribute effectively to the team.
✨Familiarise Yourself with the Tools
Get to know the systems and tools commonly used in the DB area, especially Excel and VBA. If you can, practice using these tools to solve sample actuarial problems. Being able to speak confidently about your technical skills will impress the interviewers.
✨Collaborative Mindset
Since this role involves working closely with various teams, be prepared to discuss your experience in collaboration. Share examples of how you've worked with others to drive projects forward and ensure successful outcomes. Highlighting your teamwork skills will show that you're a good fit for their culture.
