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- Tasks: Support member experience by calculating and refining defined benefit options.
- 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.
- 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.
- 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 Calculations Specialist in London employer: Just Group plc
Contact Detail:
Just Group plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuary - Defined Benefit Calculations Specialist in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the actuarial field, especially those who work in DB pensions. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and understanding of member option calculations. We recommend practising common actuarial scenarios and being ready to discuss how you can contribute to our growth agenda.
✨Tip Number 3
Showcase your coding skills if you have them! Even if it's not essential, having a grasp of tools like Python or VBA can set you apart. We love seeing candidates who are keen to innovate and improve our automated member option tools.
✨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 Actuary - Defined Benefit Calculations Specialist in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in defined benefit calculations and any relevant actuarial roles. We want to see how your skills align with what we’re looking for, so don’t be shy about showcasing your achievements!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how your background makes you a great fit for our team. Remember, we love seeing genuine enthusiasm for helping people achieve a better later life.
Showcase Your Technical Skills: If you have coding experience, even if it's not essential, make sure to mention it! Highlight any familiarity with tools like Python or VBA, as this could set you apart from other candidates. We appreciate tech-savvy applicants who can help us develop our automated member option tools.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details about the role and our company culture there!
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 examples of member option calculations you've worked on and how you approached them. This will show your expertise and confidence in the field.
✨Understand the Company’s Purpose
Just is all about helping people achieve a better later life. Familiarise yourself with their mission and values. During the interview, express how your personal goals align with their purpose, and share any relevant experiences that demonstrate your commitment to customer-centric solutions.
✨Showcase Your Collaborative Spirit
This role involves working closely with others, so be ready to talk about your teamwork experiences. Share examples of how you've collaborated on projects, especially in developing or refining tools. Highlight your ability to communicate complex actuarial concepts to non-experts, as this will be crucial in supporting the wider Operations function.
✨Prepare for Technical Questions
Expect some technical questions related to defined benefit calculations and possibly coding. Even if coding isn't essential, having a basic understanding of languages like Python or VBA can set you apart. Brush up on key actuarial principles and be ready to explain how you would approach various scenarios they might present.