At a Glance
- Tasks: Provide actuarial support and analysis in a dynamic insurance environment.
- Company: Join RiverStone International, a leader in global non-life run-off insurance.
- Benefits: Gain valuable experience, professional development, and a supportive team culture.
- Other info: Collaborative team with opportunities for growth and learning.
- Why this job: Make an impact in the insurance industry while advancing your actuarial career.
- Qualifications: Strong mathematical background and progress in actuarial exams preferred.
The predicted salary is between 30000 - 40000 £ per year.
RiverStone International is an established global non-life run-off insurance business specialist with more than 25 years of experience. Operating in the UK company and Lloyd’s of London markets, Bermuda, U.S., and Europe, RiverStone International has transacted a wide variety of deals – from insurance and reinsurance portfolio transfers to company purchases, acquiring over $17.7 billion of gross liabilities since 2010 and with around $6.7 billion of liabilities currently under management.
The role provides actuarial support and analysis across reserving, capital modelling and regulatory reporting activities. The role involves contributing to reserve assessments, portfolio monitoring, due diligence exercises and validation of the Solvency II Internal Model, as well as supporting regulatory submissions to bodies such as the PRA and Lloyd’s. Working closely with the wider actuarial function and key internal and external stakeholders, the post holder is expected to maintain strong technical capability, progress professional development and operate in line with conduct and data protection requirements.
Requirements- Mathematic/statistical background
- Excellent academic record
- Actuarial or insurance/reinsurance working experience
- Making good progress with actuarial exams. We will also consider exceptional candidates who would like to start studying for the actuarial exams, or who have made some progress but have chosen to stop studying.
- Excellent Microsoft Office Applications including Excel to advanced level, with VBA
- Knowledge of ResQ
- Knowledge of reserving and capital modelling tools and techniques
- Knowledge of other in-house systems and procedures
- Knowledge of relevant classes of business
- Relevant Lloyd’s Bylaws, Codes of Practice, Market and Regulatory Bulletins
- Relevant sections of the Financial Services Act, PRA Handbook and Consultation Papers
- Attention to detail
- Technical skills
- Analytic problem solving
- Communication
- Time management
- Flexibility
- Working in a team
Actuarial Associate employer: riverstone international
RiverStone International is an exceptional employer that fosters a collaborative and innovative work culture, providing employees with the opportunity to engage in meaningful actuarial work within the dynamic insurance sector. With a strong commitment to professional development, employees are encouraged to progress through their actuarial exams while benefiting from comprehensive support and mentorship. Located in the heart of the UK insurance market, RiverStone offers a unique environment where talent thrives, and contributions are valued, making it an ideal place for those seeking a rewarding career in actuarial science.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Associate
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like riverstone international). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like riverstone international. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Actuarial Associate
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at riverstone international.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at riverstone international. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at riverstone international
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at riverstone international to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at riverstone international, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding riverstone international's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
