Senior ALM Actuarial Analyst
Location: London – hybrid 50%
Contract: Permanent
Hours: 35 hours
Purpose
Senior Actuarial Analyst supports senior actuaries and heads in the ALM team in managing the ALM position of the Group and to assist with managing the ongoing capital adequacy of the Group especially in relation to exposure to market risks.
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.
Key responsibilities
- Support senior team members in defining principles and practices for the investment of assets to ensure an efficient and safe ALM position is maintained over time
- Perform the quantitative analysis for the forward-looking ALM position of each regulated insurance entity, and the overall Group, and assist with recommending actions to ensure the investment portfolio remains appropriate for the liabilities
- Support senior team members with analysing the efficiency of, and assist developing recommended actions and strategies to manage and optimise, the ALM position in light of overall business objectives (e.g. capital, liquidity, profit) including hedging strategy
- Support senior members of the team in identifying and recommending actions to maintain the efficiency of the Matching Adjustment Portfolio(s) and to maintain compliance with the Matching Adjustment requirements
- Assist with the preparation of medium-term and long-term liquidity analysis and developing recommendations to ensure the Group remains within the overall long-term liquidity risk appetite
- Support with identifying levers for managing the regulatory solvency of the Group and then implementing actions utilising those levers to maintain solvency within stated appetites
- Assist with ad hoc ALM and capital related projects as and when needed. These may arise due regulatory interactions, new business developments, or other reasons.
- Develop and maintain ALM tools and processes in Excel and Python, to comply with Just’s Model Risk Policy and EUC standards.
What we’re looking for
- Strong technical and analytical skills
- Able to take initiative to proactively identify issues and solve problems
- Strong verbal, written communication and interpersonal skills
- Good understanding of the products and services provided by the Just Group and UK life peers
- Good knowledge of Excel, VBA and at least one other object-orientated programming language, e.g. Python.
- Proven problem analysis and resolution experience
- Experience of ALM, hedging, capital management, risk management and UK Solvency regulations (SII or SUK) and IFRS 17.
- Experience of model development and maintenance
Qualifications
- Degree level qualification
- Good progress with actuarial exams or other equivalent qualifications
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
To apply, please submit your CV through our careers website. 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
Top Skills
Just Group Reigate and Banstead, England Office
Enterprise House, Bancroft road, Reigate and Banstead, United Kingdom, RH2 7RP
