ALM Actuary

ALM Actuary

Location: London

Job Type: Full time

Who are Just? We’re a FTSE 250 Financial Services company who specialise in retirement solutions. We help people achieve a better later life by providing competitive and innovative products, services, financial advice, and guidance to help our customers achieve security and certainty in retirement.

Purpose: The ALM Actuary supports ALM Leads and Senior Actuaries in managing the ALM position of the Group and the regulated insurance entities within the Group. The ALM team leads the development of a resilient economic and capital position to enable the delivery of Just Group’s financial objectives.

Job Role Accountabilities:

• Support the development, modelling, and maintenance of back book and front book investment performance.
• Communicate with key stakeholders regarding emerging risks and strategies to meet financial objectives.
• Support the risk identification, modelling, monitoring, and management of interest rate risk and other key market risks.
• Perform quantitative analysis of the forward-looking ALM position of each regulated insurance entity and the overall Group.
• Support the efficient management of the Matching Adjustment Portfolios.
• Analyse the efficiency of, and recommend actions and strategies to optimise the ALM position.
• Support the development and maintenance of a capital, liquidity, and economic projection platform.
• Implement first line validation activities in accordance with the validation framework.
• Support the personal development of junior members in the team.

Examples of Key Activities:

• Assess interest rate exposure regularly and perform sensitivities to assist with hedging recommendations.
• Oversee the new business asset and liability data flow for controlled ALM risk assessment.
• Produce regular Management Information on the ALM position and investment performance.
• Support the delivery of key strategic projects with significant ALM and capital impacts.
• Become established as a technical lead in various ALM areas.

Skills and Knowledge:

• Strong technical and analytical skills with high attention to detail.
• 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 Just Group.
• Excellent knowledge of Excel, VBA, and at least one other object-oriented programming language, e.g., Python.

Experience:

• Proven problem analysis and resolution experience.
• Experience of ALM, hedging, capital management, risk management, and UK Solvency regulations.
• Experience of model development and maintenance.
• Qualified FIA, FFA, or equivalent.

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. Diversity, Equity, and Inclusion (DE&I) is a key priority for Just. We care about our customers, our purpose, our environment, inclusivity, wellbeing, and most importantly - each other.