Pensions Actuarial Junior Consultant

4 weeks ago


London, United Kingdom Just Group plc Full time

We’re aFTSE 250 Financial Servicescompany who specialise in retirement solutions and right now, our world is moving pretty quickly. With the defined benefit buy in / buy out space growing each year, Just continues to annually grow its business by over £4bn of assets.
Quite simply, we help people achieve a better later life. We achieve this by providing competitive and innovative products, services, financial advice and guidance to help our customers achieve security, certainty and provide them with peace of mind in retirement.
We’re a company on a mission: to become a beacon for the entire retirement industry. Because we believe everyone deserves a fair, secure, and fulfilling retirement.
The purpose of this role is to undertake pricing and actuarial input required to support delivery of the DB Business Plan. This will include all aspects of BAU delivery and other ad hoc requirements.
Populate and run pricing models to calculate premiums, including manipulation of data, assumption setting and calculation of all associated pricing metrics.
Check drafts of internal sign off documentation produced by DB Actuarial Analysts for each quotation, ensuring results are presented to the DB Pricing Actuary in a clear manner, outlining all material areas of judgement and limitations.
For quotes that are outsourced, work with DB Actuarial Analyst and DB Pricing Actuary to transition scheme to outsourcer and produce final deliverables for the quotation.
Proactively drive projects forward to ensure they are progressed in line with expected timescales.
Provide support in ad hoc tasks such as data analysis, proposition developments, systems testing and process improvements.
Assist in development of junior team members.
Proactively work to promote a culture of collaboration and engagement within the DB Pricing team

Working towards FIA qualification and making good progress with the actuarial exams is desirable, but we are also interested in someone who has ceased working towards an actuarial qualification.

Strong IT skills, particularly Excel
Excellent verbal and written communication skills, with the ability to present complex financial concepts in a clear and concise manner
Sound knowledge of technical actuarial concepts, particularly principles underlying bulk annuity pricing
Good knowledge and awareness of the DB buy in/buy out market, life insurance and relevant regulation.
Good experience of working within a pensions or investment consultancy, life insurer or reinsurer.
Coding experience is desirable, for example Julia, Python and/or VBA.
We are committed to building a moresustainable businessand have publicly committed to reduce our scope 3 emissions to Net Zero by 2050 and our scope 1 and 2 emissions to Net Zero by 2025. Diversity, Equity and inclusion (DE&I)is a key priority for Just as part of our overall strategy and ensuring all of our peoplefeel proudto work at Just. We also run a Reciprocal Mentoring scheme for employees from a BAME background, those with a disability and those who identify as LGBTQ+. There are multiple employee network groups, which champion issues including race, gender, social mobility and neurodiversity.



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