At a Glance
- Tasks: Analyse and execute reinsurance pricing for large DB deals while collaborating with various teams.
- Company: Join a fast-growing company dedicated to helping people achieve a better later life.
- Benefits: Competitive salary, generous leave, private medical cover, and career progression opportunities.
- Other info: Dynamic work environment with a focus on innovation and employee well-being.
- Why this job: Make a real impact in the retirement sector while developing your technical skills.
- Qualifications: Strong actuarial knowledge, problem-solving skills, and proficiency in IT and coding.
The predicted salary is between 60000 - 75000 £ per year.
This role is in the DB Reinsurance pricing team which is a dedicated reinsurance team within the DB Pricing and Reinsurance function. The purpose of the Reinsurance Pricing team can be broadly split into the following categories:
- Reinsurance pricing for live, large DB quotes
- Execution of new reinsurance contracts
- Analyse and implement changes to existing reinsurance contracts
- Provide actuarial input where required to support management of in force reinsurance business.
- Develop models and processes
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:
- Analyse open market reinsurance pricing for large DB deals, ensuring the terms are accurately built into the pricing model and reflected in pricing metrics
- Support Pricing Committee decision making by preparing pricing metrics on various reinsurance scenarios
- Support execution of new reinsurance contracts, working with internal and external stakeholders to ensure reinsurance terms are agreed and understood
- Support Senior Reinsurance Actuaries to prepare written reports to relevant internal committees
- Support Reinsurance Operations and DB Transaction Solutions teams where required with the management of the in force reinsurance business
- Check work of junior team members and support with their learning and development
- Support Senior Reinsurance Actuaries with development projects, proactively driving them forward to ensure they are progressed in line with expected timescales
- Develop a deep technical knowledge of all systems and tools used in DB.
- Continuously look for areas where we can improve – our people have a proactive approach to integrating technology into daily tasks and processes in order to drive innovation and efficiency
- Be curious, proactive and open to new ideas - applicants should demonstrate a track record of adapting to change, embracing technology, learning from experience, and showing resilience in the face of obstacles.
- Carry out detailed pricing analyses to develop deep understanding different reinsurers’ bases
- Develop strong technical skills, for example by learning new coding languages, in order to support the development of models, tools and processes in the team.
- Work collaboratively with colleagues in Finance and Reporting and the DB Data and Integration and DB Operations team to ensure that commercial changes flow through effectively to the wider DB ecosystem - such that operational changes are communicated and made when necessary and in a timely fashion.
- Proactively look to improve processes and efficiencies within the DB Reinsurance Pricing team
What we’re looking for:
- Strong technical actuarial knowledge, in particular understanding of bulk annuity pricing and longevity swap reinsurance
- Problem analysis and resolution skills.
- Capable of working collaboratively
- Strong IT skills including Excel and programming languages, and a keen attitude to learn where these skills don’t exist
- Excellent verbal, written communication, and interpersonal skills.
- Open minded and willing to engage in challenge.
- High degree of understanding of the products and services provided by the Group, the markets, and the regulatory / legal framework that the Group operates within
Experience:
- Experience gained in the Life Insurance or DB Pensions industry
- Experience in the bulk annuity market.
- Actuarial background
- Coding experience is desirable, for example Julia, Python and/or 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
Explore our full range of benefits on our dedicated benefits page.
Reinsurance Senior Analyst in London employer: Just Group plc
Just is an exceptional employer, offering a dynamic work environment in London that fosters innovation and collaboration within the DB Reinsurance pricing team. With a strong focus on employee growth, competitive benefits including a generous bonus scheme, private medical cover, and a commitment to mental health support, Just empowers its diverse workforce to thrive while helping customers achieve a better later life.
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance Senior Analyst in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Just Group plc. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Reinsurance Senior Analyst in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Just Group plc.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Just Group plc's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Just Group plc
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Just Group plc.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Just Group plc will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Just Group plc employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
