Senior ALM Actuarial Analyst

Senior ALM Actuarial Analyst

Date Posted: 15/09/2025

Location: London

Job Type: Full time

At Just, we encourage a flexible and agile working environment for the majority of our opportunities. 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.

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.

Purpose

The Senior Actuarial Analyst supports senior actuaries and heads in the ALM team in managing the ALM position of the Group and assists with managing the ongoing capital adequacy of the Group, especially in relation to exposure to market risks.

Job Role Accountabilities

• 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 in 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 needed.
• 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.

Examples of Key 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 recommendations, 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.

Skills and Knowledge

• 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-oriented programming language, e.g., Python.

Experience

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

Qualifications

• Degree level qualification.
• Good progress with actuarial exams or other equivalent qualifications.
• Desirable: STEM degree.
• Partly or nearly qualified actuary or equivalent.

Company Benefits

• A Competitive Salary, Pension Scheme, and Life Assurance.
• 25 Days Annual Leave plus an Additional Day for your Birthday.
• Private Medical Cover and Income Protection.
• A generous and highly achievable bonus scheme – paid annually based on individual and company performance against targets.
• Opportunity to progress within your career both in-role and within the company.
• FREE access to the Headspace App and a 24/7 Employee Assistance Helpline.
• A variety of Employee Funded Benefits available via our Online Benefits Portal.
• Several additional purchase options available for you and your loved ones.

Why Just?

At Just, you’ll have the opportunity to develop your career while making a difference to the lives of those around you. You’ll be part of a company with a strong and distinctive culture - we’re ambitious, curious, and collaborative.

We’re committed to building a more sustainable business and making progress against our Net Zero targets.

Valuing diversity of thought and fostering a sense of belonging is critical to our business success, driving innovation and balanced decision-making.

Be Bold. Be Brilliant. Be Just.

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