Hybrid Actuary/Analyst for Financial Planning & Strategy

About the Company

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.

Position Overview

The role supports the company's financial and capital planning activities, including forecasting, budgeting and analysis to inform strategic decision‑making. The role contributes to strategic capital management and provides financial and analytical support across a range of projects.

Job Responsibilities

• Financial and Capital Planning
  • To work with Capital Management Actuary, other members of the FP&S team, and other internal / external stakeholders to:
  • Produce forecasts of local and Group reserves / technical provisions, available capital and regulatory capital requirements.
  • Understand key drivers of surplus capital generation.
  • Undertake sensitivity and scenario analysis to identify key factors that can influence level of surplus and solvency coverage.
  • Support regular capital reporting and analysis including:
  • Monthly reporting of capital availability and surplus for shareholder
  • Monthly monitoring of capital capacity in relation to M&A deal pipeline in order to help management take appropriate actions
  • Quarterly reporting to Group Board on capital forecasts at both local entity and Group level
  • Quarterly reporting to local entity Boards on capital forecasts and dividend capacity.
  • Annual reporting for credit rating processes
  • Understand differences in actual versus expected experience.
  • Produce enhancements to existing financial planning models and reports, and to create new tools and exhibits as requested to aid management understanding.
  • Support annual business planning process.
  • Support annual Own Risk & Solvency Assessment (ORSA) or equivalent processes for local entities and Group.
  • Ensure documentation is regularly reviewed and kept up to date, including Capital Management Policy and relevant Standard Operating Manuals (SOPs) for the team.
• Strategic Capital Management
  • To work with Capital Management Actuary, other members of the FP&S team, and other internal / external stakeholders to:
  • Investigate, analyse, document and summarise capital optimisation strategies, including but not limited to:
  • Alternative / third-party capital structures (equity, reinsurance and debt);
  • Regulatory capital (through both a local and Group lens);
  • External credit ratings.
  • Support implementation of capital optimisation strategies, dependent on strategic direction agreed with Board and management.
• Project Support
  • To provide ad‑hoc support as required on other strategic projects.
  • To provide support across the wider FP&S team (both BAU and project based) as required.

Job Requirements

• Experience
  • Part or fully qualified actuary or accountant with 3‑5 years experience
  • General insurance experience (either in industry or as a professional advisor)
• Knowledge
  • Understanding of financial modelling techniques
  • Basics of general insurance accounting principles
  • Basics of Solvency II / UK
  • Knowledge of different capital regimes (in particular UK, Europe, US and Bermuda)
  • Experience with Solvency II / UK Standard Formula
• Skills
  • Advanced Excel
  • Analytical
  • Communication
  • Planning / organisational

Benefits

• Private Medical and Dental cover – Comprehensive Private Medical and Dental Insurance schemes with Bupa
• Health and Wellness – including access to our Employee Assistance Programme, Headspace subscription, Mental Health First aiders at each site, up to five funded counselling sessions per year, annual health check‑up and eye test voucher
• Wellbeing Allowance – Can be used towards either physical or mental health wellbeing activities
• 25 days’ holiday per year – plus bank holidays and office closure on Christmas Eve; holiday entitlement increases with length of service
• Bonus scheme – dependent on achieving individual, department and company goals
• Pension – a non‑contributory defined contribution pension scheme
• Life Assurance – provides a lump sum 10 × your salary
• Permanent Health Insurance Scheme – scheme pays benefits during a prolonged period of illness or disability lasting more than 26 weeks
• Parental Leave – Enhanced Maternity, Paternity and Shared Parental Leave policy
• Training and development – Company funding for professional qualifications that would be beneficial for your role
• Volunteering and charity – triple matching donations made independently or via our Give As You Earn scheme, Give A and two paid volunteering days per year to help give back to our local communities
• Cycle To Work Scheme – a tax efficient way to purchase a bicycle
• Interest Free Travel Loan – to assist with commuting costs
• Travel Insurance – business and personal travel
• Sports and Social – active sports and social committee that organizes subsidised events

Working Hours

Our standard working hours are from 09.30 a.m. to 5.30 p.m. Full time employees are to be in the office for 3 days per week, with 2 days working from home. We encourage applications from everyone regardless of disability.