Senior Actuary (Financial Resilience)

Senior Actuary - Financial Resilience

Date Posted: 23/05/2025

Location: London

Job Type: Full time

Who are Just? We’re a FTSE 250 Financial Services company who specialise in retirement solutions. Our world is moving quickly, with the defined benefit buy in / buy out space growing each year. Just continues to grow its business by over £4bn of assets annually. We are a purpose-driven company with compelling and credible goals. 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 peace of mind in retirement. 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. This includes oversight and production of stress and scenario testing across the Group to enable effective monitoring of risk exposure and support strategic decision-making. We aim to develop methodologies, tools, and processes to ensure the Group can perform robust, flexible, and timely stress and scenario testing, with a focus on technology.

Job Role Accountabilities:

• Develop methodologies, tools, and processes for stress and scenario testing to monitor risk exposure and support decision-making.
• Support updates to systems and processes to establish good practice SST production.
• Engage with key stakeholders across the Group to gain buy-in on proposed methodologies and processes.
• Support the Head of the Team in the Stress and Scenario Testing Forum to contribute to setting the Group’s priorities.
• Identify and execute management actions and/or capital solutions to optimise the balance sheet and reduce volatility.

Examples of Key Activities:

• Develop methodology, tools, and processes for stress and scenario testing, leveraging new technology for efficiency and scalability.
• Produce SST results and analysis.
• Respond to capital-related queries and information requests from actuarial teams and third parties.
• Engage with stakeholders 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 the 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 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 build collaborative relationships with stakeholders.

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 encourage our people to make small and meaningful changes in their everyday lives to protect our planet for future generations.

Diversity, Equity, and Inclusion (DE&I) is a key priority for Just. We have joined initiatives designed to improve outcomes for employees from underrepresented backgrounds. We run a Reciprocal Mentoring scheme for employees from diverse backgrounds. There are multiple employee network groups that 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.