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Actuarial Analyst (DB)

Just Group PLC
London (Central), London (Greater), Reigate, Flexible
Competitive + Bonus & Benefits
Closing date
20 Oct 2021

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Job Details

Our Actuaries lead the way here at Just and none more so than within our Defined Benefit Pricing team. As we scale up to grow our evolving DB proposition we have a great opportunity for 2 Actuarial Analysts to join us on a permanent basis. 

Based from either our Reigate or London offices you’ll work alongside a collaborative and dedicated team, undertaking pricing and actuarial input required to support delivery of the DB Business Plan which includes all aspects of BAU delivery and project requirements.

We’re passionate about providing a platform for people to grow and that’s why we provide study support to all our student actuaries.

We’re interested in hearing from passionate and ambitious individuals with a background from either a life insurer or pensions consultancy. You will ideally have a few exam passes under your belt and some knowledge of the DB/BPA market although this is not essential. If this sounds like you then we’d love to hear from you.

You Will

  • Support senior DB pricing team members in accurate and timely delivery of new business quotations.
  • Populate and run pricing models to calculate premiums, including manipulation of data, assumption setting and calculation of all associated pricing metrics in line with the agreed pricing basis and governance processes in place.
  • Produce initial draft of internal sign off documentation required for each quotation.
  • Produce initial draft of quotation documents to be issued externally
  • For quotes that are outsourced, work with DB Senior Actuarial Analyst and DB Actuary to transition scheme to outsourcer and produce final deliverables for the quotation.
  • Carry out all necessary BAU work for in force business.
  • Support senior DB pricing team members in accurate and timely delivery of data true ups.
  • Complete individual member calculations in a timely and accurate manner.
  • Develop sound knowledge of all systems and tools used in DB pricing.
  • Provide support in ad hoc tasks such as data analysis, proposition developments, systems testing and process improvements.


  • Have experience of working within a pension consultancy or life insurer
  • 2.1 or above in a maths related degree is desirable
  • Working towards FIA qualification
  • Sound knowledge of technical actuarial concepts
  • Awareness of the DB buy in/buy out market, life insurance and relevant regulation.
  • Strong analytical and problem solving skills
  • Good interpersonal and team working skills

Working for us, you get your Just Rewards…

  • Such as 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 Bonus Scheme that takes a balanced approach and looks at both `in role performance’ but also `the behaviours and attitudes you exhibit at work’
  • FREE access to the Headspace App, a 24/7 Employee Assistance Helpline and Trained Physical & Mental Health First Aiders (On-Site)
  • Plus we have a variety of Employee Funded Benefits available to our Employees via our Online Benefits Portal


We’re a new kind of Retirement Company. But we have decades of experience helping people to prepare for retirement and protect their income in later life. Formed in 2016 we combine the strengths of two leading retirement providers, each with their own expertise: the Partnership Assurance Group and the Just Retirement Group. Between us, we’ve already helped over a quarter of a million people get more from later life, and together, we’re ready to help even more.

We’re difference makers and we’re committed to helping everyone achieve a fair, secure, and fulfilling retirement, so when you join us, you’re not joining just another financial services company.  You’re joining a company on a mission.

We create possibilities.  Our people have the opportunity to make an impact in their career while making a difference to the lives of those around us.  We work together as a team and are passionate about what we do.  And we know how important our people are to making this mission happen. That’s why we aim to provide an inspirational and supportive place to work, whatever your role. 

We reward people who make a difference. Because we care about our people and their wellbeing, we’re committed to ensuring that we all feel personally supported and professionally inspired at every stage.  Everyone has access to our wellbeing programme, professional qualifications, and specialist training.

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