Treasury Actuarial Analyst
Date Posted: 14/11/2023
Job Type: Full timeApply Now
Who are Just?
We’re a FTSE 250 Financial Services company who specialise in retirement solutions and right now, our world is moving pretty quickly. With the defined benefit buy in / buy out space growing each year, Just continues to annually grow its business by over £2bn of assets.
We are a purpose driven company with compelling and credible goals. Quite simply, we help people achieve a better later life. We achieve this by providing competitive and innovative products, services, financial advice and guidance to help our customers achieve security, certainty and provide them with peace of mind in retirement.
That’s who we are. We’re a company on a mission: to become a beacon for the entire retirement industry. Because we believe everyone deserves a fair, secure, and fulfilling retirement.
About the role
The Treasury Actuarial Analyst will support the Senior Treasury Actuary by providing actuarial and other technical expertise to implement Treasury initiatives and support regular Treasury processes.
Provide technical assistance and actuarial input to initiatives associated with the Treasury function.
Support and provide training in the monitoring of Just’s investments, in particular asset value verification and cash flow projection.
Support the development and maintenance of Just’s internal derivative valuation models.
Provide quantitative analysis of the inflation and currency matching position of each regulated insurance entity and recommends actions to ensure the hedging remains appropriate.
Provide modelling expertise, in particular derivatives stresses input into the short-term liquidity analysis performed by Treasury.
Provide modelling expertise to develop and maintain medium terms projections of liquidity risk exposure over the business plan period.
Provide routine and ad hoc analyses to assist and optimise Just’s collateral management processes.
Provide 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.
Support the development and maintenance of the Just limited price indexation (“LPI”) model and provides assistance in investigations related to the LPI model.
Support the development and maintenance of the Just yield curves tool. Provide data attestation on data warehouse outputs managed by the Treasury Team.
Take initiative in the preparation of clear and concise material and presentations internal papers, approvals and management information, where applicable.
Prepare relevant materials for the Asset Liability committee (ALCO) meetings and other Committees as required.
Contribute to the Asset Modelling Forum to align the Investment team, Treasury team and other business units on the implementation of new initiatives and strategies.
Work closely with internal stakeholders most notably in the areas of Investments, Finance, Actuarial, Risk, and in particular supports the regular Treasury processes.
Skills & Experience
Studying towards an actuarial qualification
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 is 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.
Experience at a life insurance company with recent experience in Investments or Treasury area
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 is highly desirable.
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 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, a 24/7 Employee Assistance Helpline and Trained Physical & Mental Health First Aiders (On-Site)
A variety of Employee Funded Benefits available to you via our Online Benefits Portal
Plus, several additional purchase options available for you and your loved ones