Senior ALM Actuarial Analyst

At Just we encourage a flexible and agile working environment for the majority of our opportunities. Get in touch with us to discuss in more detail.

We help people achieve a better later life. That's our purpose and it's the reason we exist. We are a fast-growing FTSE 250 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.

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.

• 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
• Perform analysis to support the monthly process to structure assets for inclusion in the Matching Adjustment Portfolio
• Work with the Actuarial Reporting and Analysis Team to understand the past performance of the business
• 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.
• Support the personal development of more junior members in the team, and delegate work where required and appropriate.
• Develop and maintain ALM tools and processes in Excel and Python, to comply with Just's Model Risk Policy and EUC standards.

• The following sets out some of the key day to day activities:
• Calculate interest rate exposure on a regular basis and perform sensitivities to assist with forming a recommendation for changes to hedging.
• Produce regular Management Information on the ALM position, investment performance, hedging recommendation and the compliance and efficiency of the Matching Adjustment Portfolio(s) to committees and senior stakeholders.
• Follow the new business asset and liability data flow to ensure ALM risk assessment is managed in a controlled manner and up to date.
• Support the delivery of key strategic projects for the business with significant ALM and capital impacts.
• Work closely with senior members with an aim to become a future technical lead in a number of areas involving ALM.
• Operating a robust control framework for results production

• 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,…