Senior Actuarial Trainee (ALM) – 28387

As a senior actuarial trainee at the Company, you will be responsible for providing actuarial, statistical, and financial insight and analysis to management.

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

Key Duties (Including but not limited to):

• Support the optimisation of the Matching Adjustment Portfolio, producing regular asset/liability projections, developing rebalancing proposals with Investments, evaluating and recommending new asset classes, and providing regular reporting on trading activities and rationale.
• Assist in producing recommendations of asset mix alternatives and returns (Markers), support onboarding of assets, coordinating in-specie transfers, and mitigating onboarding risks (taking into account any reinsurance arrangements).
• Assist in formulating asset strategy/mix taking into account relative asset attractions under UK/EU/Canadian regulatory regimes and setting guidelines for Investments on trading. Monitor the impact of trading and liability changes during the quarter.
• Actively studying for actuarial exams, usually being over half-way through their qualification.
• Can demonstrate a good understanding of asset classes to enable accurate production of Asset Liability Matching results.
• Knowledge of Solvency II and the Matching Adjustment, IFRS 17, and Bulk Annuities would be beneficial, but not essential. They are open to hearing from candidates that have experience of working in setting or advising on investment strategy for DB pension schemes.