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- Tasks: Support DB calculations and develop automated tools for member options.
- Company: Join a fast-growing company dedicated to improving retirement experiences.
- Benefits: Competitive salary, generous leave, private medical cover, and career progression opportunities.
- Why this job: Make a real impact on people's lives while advancing your actuarial career.
- Qualifications: Experience in DB pensions and coding skills are a plus.
- Other info: Be part of a diverse team that values innovation and collaboration.
The predicted salary is between 50000 - 65000 £ per year.
This actuarial role is key to support the growth and development of the 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.
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.
What We’re Looking For
- Experience gained 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.
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.
Belonging at Just
Valuing diversity of thought and fostering a sense of belonging is critical to our business success, driving innovation and balanced decision making. Our work on DEIB (Diversity, Equity, Inclusion and Belonging) aims to deliver a brilliant employee experience underpinned by a sense of belonging, where our people feel proud to work at Just.
Application details: Please submit your CV using the 'apply now’ button. Shortlisted candidates will be contacted regarding next steps which may include an initial phone interview and in-person assessment.
Actuarial DB Calculations Specialist in Reigate employer: Just Group plc
Contact Detail:
Just Group plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial DB Calculations Specialist in Reigate
✨Tip Number 1
Network like a pro! Reach out to your connections in the actuarial field, especially those who work at Just or similar companies. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and understanding of DB calculations. We recommend practising common actuarial scenarios and questions that might come up during the interview process.
✨Tip Number 3
Showcase your collaborative spirit! During interviews, highlight experiences where you worked with teams to develop tools or solve problems. This aligns perfectly with Just's culture of teamwork and innovation.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in being part of the Just team.
We think you need these skills to ace Actuarial DB Calculations Specialist in Reigate
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience that match the Actuarial DB Calculations Specialist role. Highlight your experience in defined benefit calculations and any relevant coding skills, even if they're not essential.
Craft a Compelling Cover Letter: Use your cover letter to tell us why you're passionate about this role and how you can contribute to our mission of helping people achieve a better later life. Be genuine and let your personality shine through!
Showcase Your Collaborative Spirit: Since this role involves working closely with others, mention any experiences where you've successfully collaborated on projects or supported team members. We love a team player!
Apply Through Our Website: Don’t forget to hit that 'apply now' button on our website! It’s the best way for us to receive your application and get the ball rolling on your journey with us.
How to prepare for a job interview at Just Group plc
✨Know Your Numbers
Brush up on your actuarial knowledge, especially around defined benefit calculations. Be prepared to discuss specific examples from your experience that demonstrate your understanding of member options and how you’ve tackled complex calculations in the past.
✨Showcase Your Collaboration Skills
This role involves working closely with others, so be ready to share instances where you've successfully collaborated with teams. Highlight any experiences where you’ve developed tools or processes that improved efficiency or member experience.
✨Be Ready for Technical Questions
Expect questions about coding, even if it’s not a primary requirement. Familiarise yourself with basic concepts in languages like Python or VBA, and be prepared to discuss how you might use these skills to enhance actuarial processes.
✨Emphasise Your Growth Mindset
The company values ambition and curiosity, so convey your eagerness to learn and develop. Share your career aspirations and how you see this role fitting into your journey, particularly in relation to supporting junior staff and contributing to the team’s growth.