At a Glance
- 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.
- Other info: Be part of a diverse team with a strong culture of collaboration and innovation.
- Why this job: Make a real difference in people's lives while advancing your actuarial career.
- Qualifications: Experience in DB pensions and coding skills are a plus.
The predicted salary is between 50000 - 60000 £ 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 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.
At Just you’ll have the opportunity to develop your career, whilst making a difference to the lives of those around you. You’ll be part of a company with a strong and distinctive culture – we’re ambitious, curious and collaborative – and every decision we make centres around being Just and delivering the best outcomes for our customers.
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.
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.
Actuarial DB Calculations Specialist in Reigate employer: Just Group
At Just, we are dedicated to helping our colleagues thrive while making a meaningful impact on the lives of our customers. With a strong focus on employee development, a collaborative work culture, and a commitment to diversity and inclusion, we offer a range of benefits including competitive salaries, generous leave, and opportunities for career progression. Join us in London or Reigate and be part of a fast-growing team that is passionate about delivering exceptional retirement solutions.
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 current employees at Just or in the actuarial field on LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills. Since this role involves member option calculations, be ready to discuss your experience with DB pensions and any coding you've done, even if it's just a bit of Python or VBA.
✨Tip Number 3
Show your passion for helping others! Just is all about making a difference in people's lives, so share examples of how you've contributed to team success or improved customer experiences in your previous roles.
✨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 awesome 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 are relevant to the Actuarial DB Calculations Specialist role. Highlight any experience in defined benefit calculations and coding, if applicable. We want to see how you can contribute to our mission!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background aligns with our goals at StudySmarter. Be genuine and let your personality come through.
Showcase Your Collaborative Spirit:Since this role involves working closely with others, make sure to mention any teamwork experiences you've had. We value collaboration, so share examples of how you've worked with colleagues to achieve common goals.
Apply Through Our Website:We encourage you to apply directly through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Just Group
✨Know Your Numbers
As an Actuarial DB Calculations Specialist, it's crucial to brush up on your technical knowledge. Familiarise yourself with the specific calculation methods and tools mentioned in the job description. Be ready to discuss how you've applied these in previous roles or projects.
✨Showcase Collaboration Skills
This role involves working closely with various teams, so be prepared to share examples of how you've successfully collaborated in the past. Highlight any experiences where you’ve developed tools or processes that improved team efficiency or member experience.
✨Prepare for Technical Questions
Expect questions that test your understanding of defined benefit schemes and actuarial principles. Review common actuarial problems and be ready to explain your thought process. If you have coding experience, be prepared to discuss how you've used it to solve actuarial challenges.
✨Emphasise Your Growth Mindset
The company values ambition and curiosity, so convey your eagerness to learn and grow within the role. Share any relevant courses or certifications you're pursuing, and express your interest in mentoring or developing junior staff as part of your career progression.
