Actuary/Accountant – Financial Planning & Strategy

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 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.

• Financial and Capital Planning
  • 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
  • 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).
  • Intra-group reinsurance.
  • 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.

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

• 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. 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 x your salary.
• Permanent Health Insurance 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, 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.

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.