Just
Job title:
Senior Actuary- Retail Actuarial & Reinsurance
Company
Just
Job description
At Just we encourage a flexible and agile working environment for the majority of our opportunities. Get in touch with us to discuss in more detail.
Senior Actuary- Retail Actuarial & Reinsurance
London – Hybrid (2 days a week)
We have an exciting opportunity for a Senior Actuary to join the newly formed Retail Actuarial & Reinsurance (RAR) team at Just. As a Senior Actuary, you will manage the reinsurance of all Retail products, and support the pricing of all Retail products, including providing expertise in the review and modelling of all technical aspects of those products and their reinsurance.
Reporting into the Retail Actuarial & Reinsurance Director, you will lead Retail Reinsurance function work, including the evolution & implementation of reinsurance strategy, the development of tools & MI and liaising with internal an& external stakeholders to progress initiatives. You will also form part of the RAR leadership team and support or lead Pricing work where appropriate
Key Responsibilities:
Develop and maintain tools and models to evaluate the attractiveness and effectiveness of existing and potential reinsurance arrangements for Retail products
Perform regular analyses of the costs and benefits of Retail’s reinsurance arrangements.
Ensure data exchanged with reinsurers of Retail products is accurate, timely and secure
Ensure reinsurance treaty terms are well understood and accurately reflected in pricing, administration and valuation calculations and reports
Support the Retail Actuarial & Reinsurance Director in, or lead where appropriate, negotiating, documenting and executing reinsurance arrangements to support business development, manage risk and optimise capital efficiency.
Maintain close relationships with related departments to ensure a consistent understanding of financial metrics and impacts across pricing, reinsurance, valuation and capital management
Explore solutions to optimise risk and capital management; liaising closely with Group Actuarial function and CM&I teams.
Collaborate with the Head of Retail Pricing to support or lead Pricing work, including the review and modelling of technical aspects of the pricing of Retail products, the development of metrics to employ in the assessment of Retail products and the development and maintenance of pricing systems and models
Collaborate with other members of Retail Actuarial & Reinsurance leadership on wider team projects, initiatives and ensuring work is resourced across the function effectively
Skills and Experience:
Qualified FIA, FFA or equivalent
Degree in a mathematical subject, or equivalent
Proven experience as Senior Actuary in the UK life /annuity industry
Experience in managing or mentoring junior team members
Experience in drafting & reviewing technical documents
Experience in working with longevity swaps and/or full quota share reinsurance for annuity business advantageous.
Understanding of the industry and market
Ability to maintain competence and up to date knowledge
Strong analytical and modelling skills
Ability to lead and influence others
Excellent IT skills, particularly in Excel / VBA, with Python / other coding experience advantageous
Company Benefits
A Competitive Salary, Pension Scheme and Life Assurance
Along with 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 – paid annually based on individual and company performance against targets
Opportunity to progress within your career both in-role and within the company
FREE access to the Headspace App, a 24/7 Employee Assistance Helpline and Trained Physical & Mental Health First Aiders (On-Site)
A variety of Employee Funded Benefits available to you via our Online Benefits Portal
Plus, several additional purchase options available for you and your loved one
About Us
We’re a FTSE 250 Financial Services company who specialise in retirement solutions and right now, our world is moving pretty quickly.
How people work, save, and plan for the future is all changing. A new generation of retirees needs a new kind of retirement company. A company who will look for new ways of doing things – and will always put the customer first.
That’s who we are. 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. And with you on our team, we’re going to make sure they get it.
We’ve built our sustainability strategy around the United Nations Sustainable Development Goals (SDG) and have selected goals where we believe we can make the most difference. By aligning our activity with these global goals, we can make sure we play our part in addressing the wider issues facing the planet and leave a positive legacy to the world. You can read more about our sustainability strategy .
Diversity, equity and inclusion are priorities for us. Having a diverse, talented workforce with colleagues of different backgrounds, world views and experiences is the right thing to do. It’s also the most effective way to succeed, innovate and better serve our customers now and in the future. We are committed to our targets on gender and ethnicity and run a number of successful mentoring and sponsorship programmes for our colleagues from diverse backgrounds. We have multiple active employee network groups which champion issues including gender, ethnicity, sexual orientation, disability and neurodiversity. You can read more about our DE&I strategy and commitments .
What’s clear about working at Just is that we care. We care about our customers, our purpose, our environment, inclusivity, wellbeing and most importantly – each other. We look forward to welcoming you to the team soon.
Expected salary
Location
London
Job date
Sat, 02 Mar 2024 04:56:03 GMT
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