Python Developer - Actuarial Models

6w1 month ago

Just Group plc

London, GB · Full-time · £70,000 – £95,000

About this role

In this role you will help develop the models that support the senior actuaries and heads in the Asset Liability Management (ALM) team. You will manage the ALM position of the Group and assist with ongoing capital adequacy, especially in relation to exposure to market risks.

Modernise current models using Python to enhance the effectiveness and efficiency of the ALM team. Perform quantitative analysis for the forward-looking ALM position of each regulated insurance entity and the overall Group. Support recommendations to ensure the investment portfolio remains appropriate for the liabilities.

We help people achieve a better later life through market leading, award-winning products and services. Join a diverse team of over 1,400 purpose-led colleagues who put the customer at the heart of everything. This is a brilliant time to join our fast-growing business on an exciting growth journey.

Develop your career whilst making a difference to the lives of those around you. Be part of a company with a strong and distinctive culture – ambitious, curious and collaborative. Every decision centres around being Just and delivering the best outcomes for customers.

Requirements

Strong programming skills in Python, SQL, and VBA
Proven track record of using technology to drive innovation and process improvement
Experience in actuarial modelling
Experience developing practical solutions to complex technical challenges
Experience of model development and maintenance
Proven problem analysis and resolution experience
Some exposure to UK life insurance sector, ALM, hedging, capital management or risk management and UK Solvency regulations (SII or SUK) and IFRS 17 would be helpful

Responsibilities

Modernise the current models using Python to enhance the effectiveness and efficiency of the ALM team
Support senior team members in defining principles and practices for the investment of assets to ensure an efficient and safe ALM position is maintained over time
Perform the quantitative analysis for the forward-looking ALM position of each regulated insurance entity, and the overall Group, and assist with recommending actions to ensure the investment portfolio remains appropriate for the liabilities
Support senior team members with analysing the efficiency of, and assist developing recommended actions and strategies to manage and optimise, the ALM position in light of overall business objectives including hedging strategy
Support senior members of the team in identifying and recommending actions to maintain the efficiency of the Matching Adjustment Portfolio(s) and to maintain compliance with the Matching Adjustment requirements
Perform analysis to support the monthly process to structure assets for inclusion in the Matching Adjustment Portfolio