Senior Actuary - Financial Resilience

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 £4bn 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.

Purpose:

To support the Head of Financial Resilience to assess, demonstrate and improve the financial resilience of the Group.

To support oversight and production of stress and scenario testing across the Group to enable effective monitoring of risk exposure and to support strategic decision making.

To develop of methodologies, tools and processes to ensure the Group can perform robust, flexible and timely stress and scenario testing, with a particular focus on the use of technology.

To support identification and execution of management actions and capital solutions to improve the Group's financial position and/or to reduce volatility

Job Role Accountabilities

• To develop of methodologies, tools and processes to ensure the Group can perform robust, flexible and timely stress and scenario testing to monitor risk exposure and support decision making, with a particular focus on the use of technology
• To develop and support updates to systems and processes to establish good practice SST production, future proofed over the medium team.
• To support engagement with key stakeholders across the Group to get buy-in on proposed methodology and processes, and to support delivery of SST results.
• To support the Head of the Team in performing their role on the Stress and Scenario Testing Forum, to contribute to setting the Group's priorities and to report on progress and results.
• To support identification and execution of management actions and/or capital solutions to optimise the balance sheet and to reduce volatility and support the financial resilience of Just.

Examples of Key Activities

• Develop methodology, tools and processes for stress and scenario testing, leveraging new
• technology for efficiency and scalability.
• Production of SST results and analysis
• Producing responses to capital related queries and information requests from wider actuarial
• teams and third parties.
• Engagement with key stakeholders across the business that are/will be involved in stress and
• scenario testing, to ensure timely and robust production.
• Support group projects that impact the capital position

Skills and Knowledge

• Strong understanding of Solvency II framework, particularly the Solvency UK Matching Adjustment reforms and internal models
• Excellent analytical and problem solving skills
• Good understanding of the products/services provided by the Group, their risks and their capital requirements
• Enthusiastic about leveraging new technologies to drive innovation and efficiency
• Ability to construct frameworks and methodologies by thinking through first principles
• Ability to maintain competence and up-to-date knowledge
• Ability to lead and influence others, and to build collaborative relationships with a range of stakeholders across the business

Experience

• Proven problem analysis and resolution experience
• Experience of ALM, hedging, capital management, risk management, UK Solvency regulations (SII or SUK) and IFRS 17
• Experience of model development and maintenance
• Experience in delivery of projects

Qualifications

• 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 and our scope 1 and 2 emissions to Net Zero by 2025. We've made good progress so far and encourage our people to make small and meaningful changes in their everyday lives, so that we can protect our planet for future generations.

Diversity, Equity and inclusion (DE&I) is a key priority for Just as part of our overall strategy and ensuring all of our people feel proud to work at Just. We have joined a number of initiatives including the Race at Work Charter, designed to improve outcomes for employees from underrepresented backgrounds. We also run a Reciprocal Mentoring scheme for employees from a BAME background, those with a disability and those who identify as LGBTQ+. There are multiple employee network groups, which champion issues including race, gender, social mobility and neurodiversity.

What's clear about working at Just is that we care. We care about our customers, our purpose, our environment, inclusivity, wellbeing and most importantly - each other.