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Assistant Actuary

Employer
Just Group PLC
Location
London (Central), London (Greater)
Salary
Competitive + Benefits
Closing date
20 Aug 2019
Reference
R421

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Sector
Life insurance, Solvency II
Contract Type
Permanent
Hours
Full Time
Experience/Function
Qualified, Nearly qual (11+ exams)

Job Details

At Just we’re recruiting for our future and we now have a fantastic opportunity to join our Capital Management department as an Assistant Actuary within the Internal Modelling team on a permanent basis from our London office.

You’ll act as a key member of the Internal Model team who are responsible for ensuring that the Internal Model (IM) remains appropriate for assessing regulatory capital requirement for the business given developments in the business risk profile and strategic direction, remains up to date with market best practises and is compliant with relevant and emerging regulatory regulations.

You will also take responsibility for regular risk calibration and proxy model update exercises and work with Head of Internal Model and the wider team to specify and implement major change projects for the IM.

Some examples of key activities you will be involved in are:

  • Working with the investment team to develop and propose updates to IM methodology to appropriately reflect risk from new asset classes
  • Work with new the business pricing team to develop and propose updates to IM methodology to appropriately reflect risk of product developments
  • Lead work on regular re-calibration exercise, to cover all significant risks, including: property, interest rate, credit etc
  • Lead work on regular proxy modelling refresh

We’re looking for a nearly/newly qualified Actuary within this role who possesses a background in Life Insurance and has a strong understanding of Capital Management and or Internal Modelling.

If this sounds like you then we’d love to hear from you!

Skills we are looking for

  • Nearly/newly qualified Actuary
  • Experience at a life insurance company with some experience in capital management or Internal Model preferable
  • Understanding of the dynamics of life insurer balance sheets and of Solvency II requirements for base balance sheet and capital requirement
  • Excellent problem solving skills
  • Ability to communicate complex ideas and analysis to less technical audience
  • Excellent knowledge of Excel and potentially other financial modelling software

Company

We’re a new kind of Retirement Company. But we have decades of experience helping people to prepare for retirement and protect their income in later life. Formed in 2016 we combine the strengths of two leading retirement providers, each with their own expertise: the Partnership Assurance Group and the Just Retirement Group. Between us, we’ve already helped over a quarter of a million people get more from later life, and together, we’re ready to help even more.

We’re difference makers and we’re committed to helping everyone achieve a fair, secure, and fulfilling retirement, so when you join us, you’re not joining just another financial services company.  You’re joining a company on a mission.

We create possibilities.  Our people have the opportunity to make an impact in their career while making a difference to the lives of those around us.  We work together as a team and are passionate about what we do.  And we know how important our people are to making this mission happen. That’s why we aim to provide an inspirational and supportive place to work, whatever your role. 

We reward people who make a difference. Because we care about our people and their wellbeing, we’re committed to ensuring that we all feel personally supported and professionally inspired at every stage.  Everyone has access to our wellbeing programme, professional qualifications, and specialist training.

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