Just Group plc
Actuary - Defined Benefit Calculations Specialist
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Actuary - Defined Benefit Calculations Specialist
Actuary - Defined Benefit Pensions/Member Calculations Specialist
Location: London or Reigate (Hybrid - 50%) Contract: Permanent Hours: 35 hours
Purpose
This actuarial role is key to support the growth and development of the Defined Benefit (DB) area and primarily our member experience activities. The purpose of this role is to:
- Assess calculation requirements
- Provide technical support and guidance
- Complete member options calculations using varying inputs
Additionally, this role involves:
- Collaborating to develop and test bespoke, automated member option tools within the DB Business.
- Contributing to other actuarial calculations, such as new business and true-up activities, to support our growth agenda.
About Just
We help people achieve a better later life. Our purpose shapes everything we do. We’re a fast-growing company committed to helping customers enjoy the retirement they deserve. This is achieved through:
- Market-leading, award-winning products and services
- A diverse team of over 1,400 purpose-led colleagues
- A commitment to putting customers at the heart of everything we do
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Key Responsibilities
- Provide calculation support for standard and non-standard member option calculations that require actuarial referral.
- Test and sign off generation of our member option automated tools for new schemes.
- Serve as a defined benefit subject matter expert, assisting the Operations function and providing new scheme triage.
- Develop and refine features of member option calculation tools.
- Conduct ongoing updates for market conditions and basis changes.
- Monitor member options basis constantly.
- Support the development of junior staff.
What We’re Looking For
- Essential:
- Experience in an actuarial team within a DB Pensions consultancy, Life insurer, or equivalent.
- Experience in the bulk annuity market or pensions consultancy.
- Defined benefit experience.
- Desirable:
- Coding experience, specifically in Julia, Python, and/or VBA.
- Qualification:
- Suitable candidates include part/newly/nearly qualified actuaries, those not qualified but taking exams, and associates with the right level of experience.
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Benefits
- A competitive salary, pension scheme, and life assurance
- 25 days annual leave + an extra day on your birthday
- Private medical coverage and income protection
- Generous and highly achievable bonus scheme
- Career potential for growth both within the role and across the company
- Free access to the Headspace app, a 24/7 employee assistance helpline, and mental health first aiders on-site
- A variety of employee-funded benefits available through the benefits portal
- Additional purchase options for you and your loved ones
For further details on the benefits package, explore our dedicated benefits page.
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