Senior Actuary Internal Model in London

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.