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
✨Tip Number 1
Network like a pro! Reach out to professionals in the actuarial field on LinkedIn or at industry events. We can’t stress enough how valuable personal connections can be in landing that dream job.
✨Tip Number 2
Prepare for interviews by practising common actuarial questions and scenarios. We recommend doing mock interviews with friends or mentors to boost your confidence and refine your answers.
✨Tip Number 3
Showcase your skills! Create a portfolio of projects or case studies that highlight your analytical abilities and experience with tools like ResQ. This will set you apart from other candidates.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Actuarial Associate
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Actuarial Associate role. Highlight your mathematical and statistical background, and any relevant experience in insurance or reinsurance. We want to see how your skills align with what we're looking for!
Show Off Your Exams Progress:If you're making progress with your actuarial exams, let us know! Even if you've paused your studies, share your journey and any achievements. It shows your commitment to the field, and we love seeing that dedication.
Highlight Technical Skills:Don’t forget to showcase your technical skills, especially with Microsoft Excel and any other relevant tools like ResQ. We’re keen on candidates who can demonstrate their analytical problem-solving abilities and attention to detail.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at riverstone international
✨Know Your Numbers
Brush up on your mathematical and statistical knowledge, as this role heavily relies on these skills. Be prepared to discuss specific examples of how you've applied these concepts in previous roles or projects.
✨Familiarise with Regulatory Frameworks
Make sure you understand the relevant regulations, such as the PRA Handbook and Solvency II requirements. Being able to discuss these frameworks confidently will show that you're serious about the role and understand the industry's landscape.
✨Excel Like a Pro
Since advanced Excel skills are crucial for this position, practice using functions, pivot tables, and VBA. You might even want to prepare a small example or two to demonstrate your proficiency during the interview.
✨Showcase Your Team Spirit
This role involves working closely with various stakeholders, so be ready to share experiences where you've successfully collaborated with others. Highlight your communication skills and how you manage time effectively while working in a team.
