At a Glance
- Tasks: Manage and develop risk-based capital models while ensuring compliance with regulatory standards.
- Company: Join a fast-growing company dedicated to helping customers enjoy their retirement.
- Benefits: Competitive salary, generous leave, private medical cover, and career progression opportunities.
- Other info: Be part of a diverse team that values innovation and belonging.
- Why this job: Make a real impact in capital management and innovate with cutting-edge technologies.
- Qualifications: Qualified Actuary with strong analytical skills and programming experience.
The predicted salary is between 60000 - 75000 £ per year.
A Senior Actuary in the Internal Model team supports the Head of Internal Model and Director of Capital Management to manage and develop risk-based capital models within the Group. The role covers all aspects of capital management and modelling and includes compliance with relevant regulatory standards around data, documentation, statistical quality, calibration and validation, taking into account changes in regulatory guidance and emerging industry practice. The Internal Model team supports the development of a stable capital position to enable delivery of organic capital generation.
Key responsibilities include:
- Supporting the Head of Internal Model and Director of Capital Management in managing and measuring the Group’s capital position.
- Leveraging new technologies to develop and maintain the Group’s Internal Model, supporting Solvency II/UK, IFRS and US GAAP balance sheets, risk appetite and the ORSA.
- Ensuring the ongoing maintenance of a fully-documented Internal Model which complies with all Solvency II tests and standards.
- Managing the implementation of first line Internal Model validation activities in accordance with the validation framework.
- Developing the methodology for and delivering capital impact assessments for Group projects.
- Promoting the use of the Internal Model by engaging with other relevant parts of the business.
- Collaborating with key stakeholders to develop BAU processes to run efficiently and deliver robust results.
- Coaching and managing more junior members of the Internal Model team.
Skills and Knowledge required:
- Proven problem analysis and resolution skills.
- Strong technical and analytical skills.
- Strong verbal, written communication and interpersonal skills.
- Proficient in the latest technology tools.
- Understanding of the products and services provided by the Group.
- Understanding of a life insurer’s balance sheet and capital requirements.
- Ability to manage defined projects with focus on efficient delivery.
Experience required:
- Experience of utilising technological advancements to innovate and improve processes.
- Recent experience of Solvency II/UK as applied to UK life insurers.
- Previous experience of statistical and stochastic models or wider internal model methodologies.
- Programming experience (e.g. Python, VBA, R).
- Qualified Actuary FIA, FFA or equivalent.
What’s in it for you:
- A competitive salary, pension scheme and life assurance.
- 25 days annual leave plus an additional day on us for your birthday.
- Private medical cover and income protection.
- A generous and highly achievable bonus scheme.
- Opportunities to progress your career in-role and within the company.
- Free access to the Headspace app and 24/7 employee assistance helpline.
Belonging at Just: Valuing diversity of thought and fostering a sense of belonging is critical to our business success. Our work on DEIB (Diversity, Equity, Inclusion and Belonging) aims to deliver a brilliant employee experience underpinned by a sense of belonging.
Application details: Please submit your CV using the 'apply now’ button. Shortlisted candidates will be contacted regarding next steps.
Senior Actuary Internal Model in London employer: Just
At Just, we are dedicated to helping people achieve a better later life, making us an exceptional employer for those looking to make a meaningful impact in the annuities sector. Our vibrant London-based team thrives on collaboration and innovation, offering a supportive work culture that prioritises employee growth through comprehensive benefits, including a competitive salary, generous leave, and opportunities for career progression. Join us in our mission to become the UK’s most loved retirement expert, where your contributions will directly enhance customer outcomes and shape the future of our annuity propositions.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Actuary Internal Model in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Just. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Senior Actuary Internal Model in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Just.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Just's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Just
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Just.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Just will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Just employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
