Senior Actuarial Analyst

Just Group; Greater London; Hybrid; GBP 85,000 - 115,000; Full time

Benefits offered by this job

25 days annual leave

Private medical cover

Life assurance

Bonus scheme

Headspace app access

Job summary

Just Group in London is seeking a Senior Actuarial Analyst to support the Head of Investment Valuations in maintaining the independent valuation oversight framework across the investment portfolio. You will provide expertise on complex valuation matters and drive improvements to valuation processes and controls.

You will oversee valuations across asset classes, challenge models and support liquidity stress testing within the liquidity risk framework, contributing to robust financial reporting

Qualifications

• Experience in investment valuation, risk or asset management within financial services.
• Strong knowledge of valuation principles and regulatory frameworks (IFRS, Solvency II).
• Understanding of derivatives and valuation drivers, ability to challenge models.
• Excellent analytical and numerical skills with data interpretation capability.

Responsibilities

• Support independent valuation and price verification for assets across the portfolio.
• Oversee valuations across asset classes including fixed income, derivatives and illiquid investments.
• Review valuation methodologies, models and inputs to ensure fair value outcomes.
• Maintain Investment Valuation Framework aligned with standards and policies.
• Lead liquidity stress testing within the liquidity risk framework.
• Produce management information and committee papers for senior stakeholders.
• Collaborate with stakeholders across Investment, Finance, Risk, Actuarial and Operations.

Skills

Valuation experience

Financial modelling

Analytical skills

Communication

Python

Excel

Tools

Excel

Python

VBA

Job description

Senior Actuarial Analyst

Location: London - hybrid 50%

Contract: Permanent

Hours: Full time 35 hours

Purpose of the role

Support the Head of Investment Valuations in maintaining the independent valuation oversight framework across the investment portfolio, ensuring valuations are robust, well-governed and appropriate for financial reporting, risk management and regulatory purposes. Provide expertise on complex valuation matters, drive continuous improvement of valuation processes and controls, and take ownership of liquidity stress testing within the Company's liquidity risk framework.

About Just

We help people achieve a better later life. That’s our purpose and it’s the reason we exist. We are a fast-growing company helping customers enjoy the retirement they deserve. We do this through a variety of market leading, award-winning products and services, delivered by a diverse team of over 1,400 purpose-led colleagues who genuinely put the customer at the heart of everything we do. This is a brilliant time to join our business. We are on an exciting growth journey to become the UK’s most loved retirement expert.

Key Responsibilities

• Support the independent valuation and price verification of assets across the investment portfolio.
• Oversee valuations across a range of asset classes, including fixed income, derivatives, private credit, structured products, real estate and other Level 3 investments.
• Review and challenge valuation methodologies, assumptions, models and market inputs to ensure fair value outcomes.
• Maintain and enhance the Investment Valuation Framework in line with accounting standards, regulatory requirements and internal policies.
• Monitor valuation controls, governance arrangements and escalation processes, addressing issues and implementing improvements where required.
• Contribute to the development and review of valuation methodologies for new, complex and illiquid asset classes.
• Drive enhancements to valuation models, processes, data quality and analytical capabilities.
• Provide valuation expertise and guidance to stakeholders across Investment, Finance, Risk, Actuarial and Operations.
• Produce management information, valuation reports and committee papers for senior stakeholders.
• Own liquidity stress testing and scenario analysis, while supporting the ongoing development of liquidity models and the Company's liquidity risk framework.

What We're Looking For

Experience in investment valuation, investment risk, actuarial, investment finance or asset management, gained within insurance, pensions, asset management, banking or consultancy environments.

• Strong understanding of a range of asset classes, including fixed income, private credit, derivatives, structured finance and other illiquid investments.
• Good knowledge of valuation principles and relevant regulatory frameworks, such as IFRS and Solvency II.
• Understanding of derivative products and their valuation drivers, including interest rate swaps, cross-currency swaps, repos, TRS and FX forwards.
• Experience reviewing and challenging valuation models, assumptions and data to support robust decision-making.
• Strong analytical and numerical skills, with the ability to interpret complex data and identify key insights.
• Open to candidates from actuarial and non-actuarial backgrounds.
• Actuarial qualifications are not essential; candidates with exceptional quantitative skills and relevant experience in investment, finance, risk or related disciplines will be equally considered.
• Knowledge of liquidity risk and stress testing, with an understanding of asset-liability management principles.
• Confident communicator who can explain technical concepts clearly and build effective relationships across a range of stakeholders.
• A proactive and solutions-focused approach, with a track record of improving processes, controls, reporting or automation.
• Advanced Excel skills are essential; experience with Python or VBA would be an advantage.

Our behaviours

At Just you’ll have the opportunity to develop your career, whilst making a difference to the lives of those around you. You’ll be part of a company with a strong and distinctive culture - we’re ambitious, curious and collaborative and every decision we make centres around being Just and delivering the best outcomes for our customers.

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, just in case
• A generous and highly achievable bonus scheme
• Opportunities to progress your career in role and within the company
• Free access to the Headspace app, 24/7 employee assistance helpline and trained physical and mental health first aiders
• A variety of employee funded benefits available via our online benefits portal
• Plus, several additional purchase options available for you and your loved ones
• Explore our full range of benefits on our dedicated benefits page.

Belonging at Just

Valuing diversity of thought and fostering a sense of belonging is critical to our business success, driving innovation and balanced decision making. Our work on DEIB (Diversity, Equity, Inclusion and Belonging) aims to deliver a brilliant employee experience underpinned by a sense of belonging, where our people feel proud to work at Just. We remain committed to our publicly disclosed HM Treasury Women in Finance Charter and Race at Work Charter targets and support a wide range of employee network and events, championing issues including intergenerational working, social mobility and neurodiversity.

Be Bold. Be Brilliant. Be Just.