Location: London
Contract: Permanent
Hours: 35 hours
This role is in the DB Reinsurance pricing team which is a dedicated reinsurance team within the DB Pricing and Reinsurance function. The purpose of the Reinsurance Pricing team can be broadly split into the following categories:
- Reinsurance pricing for live, large DB quotes
- Execution of new reinsurance contracts
- Analyse and implement changes to existing reinsurance contracts Provide actuarial input where required to support management of in force reinsurance business.
- Develop models and processes
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.
- Analyse open market reinsurance pricing for large DB deals, ensuring the terms are accurately built into the pricing model and reflected in pricing metrics
- Support Pricing Committee decision making by preparing pricing metrics on various reinsurance scenarios
- Support execution of new reinsurance contracts, working with internal and external stakeholders to ensure reinsurance terms are agreed and understood
- Support Senior Reinsurance Actuaries to prepare written reports to relevant internal committees
- Support Reinsurance Operations and DB Transaction Solutions teams where required with the management of the in force reinsurance business
- Check work of junior team members and support with their learning and development
- Support Senior Reinsurance Actuaries with development projects, proactively driving them forward to ensure they are progressed in line with expected timescales
- Develop a deep technical knowledge of all systems and tools used in DB.
- Continuously look for areas where we can improve – our people have a proactive approach to integrating technology into daily tasks and processes in order to drive innovation and efficiency
- Be curious, proactive and open to new ideas - applicants should demonstrate a track record of adapting to change, embracing technology, learning from experience, and showing resilience in the face of obstacles.
- Carry out detailed pricing analyses to develop deep understanding different reinsurers’ bases
- Develop strong technical skills, for example by learning new coding languages, in order to support the development of models, tools and processes in the team.
- Work collaboratively with colleagues in Finance and Reporting and the DB Data and Integration and DB Operations team to ensure that commercial changes flow through effectively to the wider DB ecosystem - such that operational changes are communicated and made when necessary and in a timely fashion.
- Proactively look to improve processes and efficiencies within the DB Reinsurance Pricing team
What we’re looking for
- Strong technical actuarial knowledge, in particular understanding of bulk annuity pricing and longevity swap reinsurance
- Problem analysis and resolution skills.
- Capable of working collaboratively
- Strong IT skills including Excel and programming languages, and a keen attitude to learn where these skills don’t exist
- Excellent verbal, written communication, and interpersonal skills.
- Open minded and willing to engage in challenge.
- High degree of understanding of the products and services provided by the Group, the markets, and the regulatory / legal framework that the Group operates within
Experience
- Experience gained in the Life Insurance or DB Pensions industry
- Experience in the bulk annuity market.
- Coding experience is desirable, for example Julia, Python and/or VBA.
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’s in 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.
Belonging at 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 'apply now’ 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
Skills Required
- Strong technical actuarial knowledge
- Experience in Life Insurance or DB Pensions industry
- Experience in bulk annuity market
- Coding experience in Julia, Python, or VBA
- Excellent communication skills
What We Do
We are Just, the retirement specialist. We are a FTSE-listed (ticker – JUST.L) specialist UK financial services group. We have a clear purpose - we help people achieve a better later life. We believe that every decision we make and every action we take should help us to achieve our purpose. Just differentiates itself from other financial services brands by placing social purpose at its heart with a commitment to help the many millions of people who are facing challenges in later life. We are keen to speak to talented individuals who are interested in joining our team [www.workatjust.co.uk]
