Actuary – Chief Actuary Team

Job title:

Actuary – Chief Actuary Team

Company

Just

Job description

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.

Purpose

To support the Group Chief Actuary in fulfilling regulatory responsibility for the Actuarial Function (SIMF20), including adequacy of technical provisions and adequacy of reinsurance

Job Role Accountabilities

• Support the maintenance of the technical provision validation framework and draft validation report to the Audit Committee
• Support the validation of the technical provision and provide review and challenge
• Support the embedding and application of the group model risk framework in Actuarial and Finance teams
• Support the review of the group reinsurance framework and any supporting documents
• Own the production of reinsurance management information to monitor reinsurance counterparty risk in accordance with the framework
• Develop and maintain tools, data and processes in compliance with the group model risk framework, EUC and other Just Group standards
• Provide support and training to the junior students in the team
• Contribute to other Group Chief Actuary work as allocated

Examples of Key Activities

• Review assumptions related to technical provisions, e.g. demographic bases
• Review the controls of actuarial processes and make recommendations
• Draft validation reports to the Audit Committee in accordance with external reporting timelines
• Support the business on key actuarial initiatives and regulatory development, for example, Solvency UK Reform and Funded Re Consultation
• Support the review of new reinsurance contacts and reinsurance addenda to ensure compliance with reinsurance framework and regulations
• Support setting of counterparty limits for new reinsurers
• Support ad-hoc reinsurance queries from commercial reinsurance teams
• Liaise with different actuarial and finance teams to ensure the inputs and outputs of management information are delivered on time
• Support and train junior students in the team

Skills and Knowledge

• Strong analytical skills and model review skills
• Strong time management skills
• Strong verbal, written communication and interpersonal skills
• Propensity to maintain competence and up to date knowledge
• Strong IT skills, particularly in Excel, with VBA and Python experience advantageous
• Knowledge of the products and services provided by the Just Group
• Understanding of the industry and the Group’s target markets

Experience

• Experience of working in the life insurance sector, including a good knowledge of life insurance products and markets
• Experience in actuarial reporting, demographic risk, ALM or reinsurance is preferred, but not essential.
• Nearly qualified or fully qualified actuary

About Us

We’re a FTSE 250 Financial Services company who specialise in retirement solutions and right now, our world is moving pretty quickly.

How people work, save, and plan for the future is all changing. A new generation of retirees needs a new kind of retirement company. A company who will look for new ways of doing things – and will always put the customer first.

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. And with you on our team, we’re going to make sure they get it.

We’ve built our sustainability strategy around the United Nations Sustainable Development Goals (SDG) and have selected goals where we believe we can make the most difference. By aligning our activity with these global goals, we can make sure we play our part in addressing the wider issues facing the planet and leave a positive legacy to the world. You can read more about our sustainability strategy .

Diversity, equity and inclusion are priorities for us. Having a diverse, talented workforce with colleagues of different backgrounds, world views and experiences is the right thing to do. It’s also the most effective way to succeed, innovate and better serve our customers now and in the future. We are committed to our targets on gender and ethnicity and run a number of successful mentoring and sponsorship programmes for our colleagues from diverse backgrounds. We have multiple active employee network groups which champion issues including gender, ethnicity, sexual orientation, disability and neurodiversity. You can read more about our DE&I strategy and commitments .

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. We look forward to welcoming you to the team soon.

Expected salary

Location

London

Job date

Sat, 09 Mar 2024 05:35:38 GMT

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