Actuary (Structuring & ALM Strategic Programmes) – 28505

The Emerald Group; Greater London; On-site; GBP 80,000 - 120,000; Full time

Job summary

The Emerald Group is seeking a specialist to support balance sheet optimisation within its investment strategy. You will help develop asset structuring solutions, produce business cases, and extend the MA portfolio with rigorous analyses across departments.

Key responsibilities include contributing to the Balance Sheet Optimisation model, with Python and Julia, and ensuring governance and documentation. A Fellow of the Institute and Faculty of Actuaries (or equivalent) and knowledge of Solvency

Qualifications

• Fellow of the Institute and Faculty of Actuaries (or equivalent).
• Knowledge of Solvency II regulations and the Matching Adjustment.
• Understanding of insurance balance sheets, capital requirements and rating methodologies for structured assets.
• Experience in asset and liability management within an insurance context.

Responsibilities

• Support the production of business cases for asset structuring solutions to support the annuity investment strategy.
• Expand the MA portfolio through analyses and stakeholder engagement across departments.
• Contribute to the Balance Sheet Optimisation model design, including Python and Julia development.
• Engage with AGC governance and documentation and present progress to senior stakeholders.

Skills

Python

Julia

Model development

Stakeholder engagement

Education

Fellow of the Institute and Faculty of Actuaries (or equivalent)

Job description

Support the company's balance sheet optimisation efforts and develop and implement new asset structuring solutions as part of the company's investment strategy

• Location: London
• Category: Asset and Liability Management
• Type: Permanent

Key Duties (Including but not limited to):

• Support in the production of business cases for potential new asset structuring solutions to support the Company’s annuity investment strategy. This will cover high level MA and PIM treatment, economic and balance sheet impacts, identifying steps to operationally implement the new asset structuring solutions, and presenting the business case to senior stakeholders.
• Support efforts to expand the Company’s MA portfolio, including performing the necessary analyses, engaging with stakeholders across departments following the appropriate governance process.
• Contribute to the solution design, specification and setting of requirements for the Company’s Balance Sheet Optimisation model. This will include contributing to the production of detailed plans, model development (in Python and Julia), engagement with stakeholders in the Company’s Asset Management and wider ALM teams, governance and documentation.
• Fellow of the Institute and Faculty of Actuaries (or equivalent)
• Knowledge of Solvency 2 regulations and the Matching Adjustment
• An understanding of the workings of an insurance company balance sheet, capital requirements and rating methodologies for structured assets
• A good understanding of the workings of an insurance company balance sheet