12.9.22 Finance and Internal Audit
Senior Treasury Actuary
Were a specialist UK financial services group focusing on attractive segments of the UK retirement income market but guess what, were not your traditional financial services company and were not just looking for traditional financial services people. We need agile operators, who can quickly find solutions and are committed to doing the right thing for our customers.
We are passionate about our strong purpose of helping people achieve a better later life and our culture is built around our identity of being Just. We do the right thing in the right way. Collaborating and valuing differences makes us a successful team in which everyone feels included. Our culture, combined with our strong purpose, is one of our key competitive advantages and helps us to make Just an inclusive and great place to work.
In 2021 we were named as one of the UK’s 100 Best Large Companies to Work For and accredited as a 2-star organisation, representing outstanding levels of engagement. Alongside these we were also recognised in the following Best Companies categories: Financial Services’ 30 Best Companies to Work For, London’s 75 Best Large Companies to Work For, South East’s 100 Best Companies to Work for and Northern Ireland’s 10 Best Companies to Work For. We’re extremely proud to be recognised for the great work that we do.
Reporting into the Group Treasurer the role supports the department by leading a small team, providing actuarial and other technical expertise to implement Treasury initiatives and support regular Treasury processes.
Leads in providing technical assistance and actuarial input to initiatives associated with the Treasury function.
Manages and provides training in the monitoring of Justs investments, in particular asset value verification and cash flow projection.
Develops, implements and maintains Justs internal derivative valuation models.
Provides quantitative analysis of the inflation and currency matching position of each regulated insurance entity and recommends actions to ensure the hedging remains appropriate.
Provides modelling expertise, in particular derivatives stresses input into the short-term liquidity analysis performed by Treasury.
Provides modelling expertise to develop and maintain medium terms projections of liquidity risk exposure over the business plan period.
Provides routine and ad hoc analyses to assist and optimise Justs collateral management processes.
Leads technical support to the pension scheme derisking (DB) team in producing asset markers for transaction processes within tight deadlines, and owns the asset markers templates reflecting quarterly pricing curve updates.
Leads in the development and maintenance of the Just limited price indexation (LPI) model and provides assistance in investigations related to the LPI model.
Leads in the development and maintenance of the Just yield curves tool. Provide data attestation on data warehouse outputs managed by the Treasury Team.
Takes initiative in the preparation of clear and concise material and presentations internal papers, approvals and management information, where applicable.
Prepares relevant materials for the Asset Liability committee (ALCO) meetings and other Committees as required.
Chairs the Asset Modelling Forum to align the Investment team, Treasury team and other business units on the implementation of new initiatives and strategies.
Works closely with internal stakeholders most notably in the areas of Investments, Finance, Actuarial, Risk, and in particular supports the regular Treasury processes.
Skills and Knowledge
Detailed understanding of fixed income assets and derivatives and their dynamics with life insurer balance sheets and Solvency II requirements
Knowledge of Bloomberg and FIS Quantum highly desirable
Excellent knowledge of Excel, and basic knowledge of Python, VBA and potentially other financial modelling software such as Matlab
Excellent problem solving skills
Good knowledge of data management and analysis
Ability to communicate complex ideas and analysis to less technical audience
Able to take initiative to proactively identify and solve issues.
Extensive experience at a life insurance company with recent experience in Investments or Treasury area
Proven track-record of developing practical solutions to complex technical issues
Experience of financial markets, in particular corporate bonds/loans, and risk mitigation techniques involving financial derivatives highly desirable.
Working for us, you get your Just Rewards
Such as a Competitive Salary, Pension Scheme and Life Assurance
Along with 25 Days Annual Leave plus an Additional Day on us for your Birthday
Private Medical Cover and Income Protection, just in case
A Bonus Scheme that takes a balanced approach and looks at both `in role performance but also `the behaviours and attitudes you exhibit at work
FREE access to the Headspace App, a 24/7 Employee Assistance Helpline and Trained Physical & Mental Health First Aiders (On-Site)
Plus we have a variety of Employee Funded Benefits available to our Employees via our Online Benefits Portal