Actuary - Group Pricing Team

Actuary - Group Pricing

Location: London (Hybrid)

Full Time – 35 hours

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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 products

Role Accountabilities

• Lead the production of Group Pricing BAU processes, including bi-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.
• Maintain close relationships with related departments to ensure a consistent understanding of financial metrics and impacts across pricing, reinsurance, valuation and capital management
• Support the development and maintenance of the data, processes and systems used by the Group Pricing team, including the appropriate quality assurance, controls and documentation.
• Support the delivery of projects and BAU activity for the Chief Actuary team , and to support wider company projects, as required.
• Integrate new technologies into existing workflows to streamline processes and enhance capabilities for the Chief Actuary team
• Develop and maintain 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

Activities will include:

• Carrying out, or checking the work of others carrying out, key Chief Actuary team development projects and BAU work, including monthly MI, and quarterly yield curve, and communicating the results to stakeholders, as requested.
• Liaising with stakeholders (to communicate outcomes and insights) and colleagues (to answer queries, help implement initiatives and support BAU).
• Implementing modern technology to automate and improve efficiency of processes and tools.
• Ensuring data, tools, models and documentation are complete and robust, working with Chief Actuary team, second line and auditors to ensure effective review and controls are in place and demonstrated
• Collaborating across the Chief Actuary team to ensure consistency of pricing, reinsurance and reserving.

Skills and Knowledge

• Strong data handling, analytical and modelling skills, with a proactive and innovative approach to finding solutions
• Excellent time management skills
• Excellent verbal, written communication and interpersonal skills, with the ability to present complex financial concepts in a clear and concise manner
• Ability to deal with multiple projects and change
• Ability and willingness to supervise analysts in the team
• Excellent IT skills, including, Power BI, coding language e.g. Python, Julia, in addition to Excel
• Knowledge of the products and services provided by the Group, their risks and their capital requirements
• Understanding of the industry and the Group’s target markets
• Understanding of the operating systems and processes within the Group
• Propensity to maintain competence and up to date knowledge

Experience

• Experience in the UK life industry
• Pricing and product development experience of annuities and/or lifetime mortgages
• Experience in capital management, actuarial reporting, ALM and Pricing is preferred, but not essential
• Nearly or Qualified FIA, FFA or equivalent

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 ones

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.