Actuary - Actuarial Systems

Date Posted: 13/10/2023

Location: London

Job Type: Full time

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Systems Actuary

Just Group

London (Hybrid)

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 £2bn 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.

About the role

You will lead the development and maintenance of a number of our actuarial systems, models and tools used by the Actuarial Department and implementation of approved business requirements necessary to support regulatory requirements, new products, reinsurance structures, management information and external reporting requirements. In addition, you will manage the delivery of work designed to improve the robustness and efficiency of the Actuarial Department through process improvements, make system enhancements and implement an adequate control framework.

This is a great opportunity to join a collaborative small team of five actuarial systems developers, within a much larger team of Systems Actuaries, analysts and IT experts in a role that offers excellent progression opportunities. The team are responsible for maintaining an advanced modelling platform comprising the best of Mo.net, database technology and Just in-house capabilities. The team never stands still and is constantly looking to push forward with technological advances so an inquisitive mindset and a willingness to strive for continual improvement of the team’s processes and controls is essential.

Key Accountabilities

  • To deliver systems change for projects and manage dependencies with the wider change delivery and IT processes. 

  • To implement new requirements into the actuarial systems, model and tools.

  • To manage the model maintenance program for one or more systems or areas within a system, including regular engagement and effective communication with user groups and senior managers and maintaining consistency with other systems.

  • To act as model steward responsible for systems release cycles and processes ensuring application of control frameworks and release timeframes

About You

The experience, skills and knowledge we are looking for:

  • IFoA qualification is essential, technical actuarial experience in reporting, pricing or capital and/or experience in developing Actuarial models within Excel, VBA and VB.Net would be advantageous

  • Strong interest in IT – R, Python, Mo.net, SQL OR vb.nET

  • Enthusiasm and a keenness to learn and collaborate with the team is essential

  • Knowledge of insurance products and markets is essential


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?

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