DB Transaction Solutions Specialist

Date Posted: 14/11/2025

Location: London

Job Type: Full time

Actuary - Defined Benefits Transaction Solutions

Location: London – hybrid 50%

Contract: Permanent

Hours: 35 hours

Purpose

The purpose of this role is to undertake actuarial input on asset solutions and funded reinsurance as required to support delivery of the Defined Benefit (DB) Business Plan and the management of ongoing funded reinsurance contracts.

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

• Support the Head of DB Transaction Solutions with the development of tools, processes and methodologies for the production of price locks for DB transactions, working closely with the DB pricing team to streamline BAU price lock production.
• Produce bespoke price locks for larger DB transactions balancing commercial and market risk considerations.
• Monitor aggregate market risk exposure across ongoing DB transactions and summarise for the Pricing Committee and Market Risk Forum.
• Liaise with Derivative Solutions and ALM on the implementation of hedges to mitigate market risk in "exclusivity".
• Give initial consideration to scheme requests to transfer liquid assets in-specie as part of premium payment and coordinate with the Investment Team on more detailed analysis.
• Support the Head of DB Transaction Solutions with the continued development of illiquid asset solutions.
• Support the Head of DB Transaction Solutions with the continued development pricing methodologies for larger DB transactions – including bespoke pricing approaches for specific deals.
• Collateral management for existing funded reinsurance arrangements and support for the DB Reinsurance Development team in relation to new funded reinsurance agreements.
• Provide ad hoc support for new "features" as needed for strategically significant, complex, or large deals.
• Develop a deep knowledge of systems and tools used across DB and ensure further developments are efficiently integrated. This will include developing proficiency in programming languages utilised in DB (in particular, Julia) and a focus on scalable coding solutions that limit reliance on excel.

What we're looking for

• Strong analytical and problem-solving skills
• Strong IT skills, particularly Excel and coding
• Good interpersonal, team working and leadership skills
• Excellent verbal, and written communication, with the ability to present complex financial concepts in a clear and concise manner
• Ability to work without supervision
• Strong technical skills, deep technical knowledge of actuarial concepts particularly those underlying bulk annuity pricing.
• Strong knowledge and awareness of the DB buy in/buy out market, life insurance and relevant regulation.
• A few years years experience of working within a pension consultancy or life insurance company

Our behaviours

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'sin 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.

Belongingat 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.

We remain committed to our publicly disclosed HM Treasury Women in Finance Charter and Race at Work Charter targets and support a wide range of employee network and events, championing issues including intergenerational working, social mobility and neurodiversity.

Application details

Please submit your CV using the '' button. Shortlisted candidates will be contacted regarding next steps which may include an initial phone interview and in-person assessment.

Be Bold. Be Brilliant. Be Just