Actuarial Analyst – Group Pricing

Job title:

Actuarial Analyst – Group Pricing

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.Who are Just?We’re a FTSE 250 Financial Services company 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.We are a purpose driven company with compelling and credible goals. 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.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.Purpose
To support the Head of Group Pricing in ensuring all product pricing is accurate and aligned to the Group’s risk appetite and financial objectives, and to support the development of new productsJob Role Accountabilities

• Support the Head of Group Pricing in developing, calibrating and documenting assumption methodologies and parameters, including minimum pricing parameters
• Produce deliverables for Group Pricing BAU processes, including weekly/monthly MI, Pricing yield Curves, Business Planning, and ensure these processes are compliant with EUC policies and TAS.
• Support the Head of Group Pricing in maintaining up-to-date pricing frameworks for all products, and reviewing the pricing approach for new products and risks
• Support the delivery of projects and BAU activity for the Chief Actuary team, and to support wider company projects, as required.
• Support the integration of new technologies into existing workflows to streamline processes and enhance capabilities for the Chief Actuary team
• Support the development and maintenance of the data, processes and systems used by the Chief Actuary team, including the appropriate quality assurance, controls and documentation.
• Maintain own competence and personal development.
• Support the Chief Actuary team as required.

Examples of Key Activities

• Carrying out, key Chief Actuary team development projects and BAU work, including monthly MI, and yield curve updates, and communicating the results to stakeholders, as requested.
• Developing and maintaining key tools within the Chief Actuary team.
• Supporting the implementation of modern technology to automate and improve efficiency of processes and tools.
• Supporting ad-hoc queries, working with the other members of the Chief Actuary team, and independently.
• Liaising with colleagues to ensure the inputs and outputs are delivered on time.
• Collaborating across the Chief Actuary team to ensure consistency of pricing, reinsurance and reserving.

Qualifications
Upper second class degree in a science subject or equivalent
Study towards an actuarial qualification with a good record of exam progressSkills and Knowledge

• Strong data handling, analytical and modelling skills, with a proactive and innovative approach to finding solutions
• Strong time management skills
• Strong verbal, written communication and interpersonal skills
• Propensity to maintain competence and up to date knowledge
• Excellent IT skills, including, Power BI, coding language e.g. Python, Julia, in addition to Excel/VBA
• Knowledge of the products and services provided by the Group
• Understanding of the industry and the Group’s target markets
• Understanding of the operating systems and processes within the Group, particularly for pricing
• Propensity to maintain competence and up to date knowledge

Experience

• Actuarial student with some experience of working in the financial sector, preferably life insurance sector, including a good knowledge of insurance products and markets
• Experience in capital management, actuarial reporting, ALM and Pricing is preferred, but not essential.

Why Just?We are committed to building a more sustainable business and 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. We’ve made good progress so far and encourage our people to make small and meaningful changes in their everyday lives, so that we can protect our planet for future generations.Diversity, Equity and inclusion (DE&I) is a key priority for Just as part of our overall strategy and ensuring all of our people feel proud to work at Just. We have joined a number of initiatives including the Race at Work Charter, designed to improve outcomes for employees from underrepresented backgrounds. 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.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.About UsWe’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

Sun, 09 Mar 2025 02:24:21 GMT

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