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- Tasks: Provide actuarial support and analysis for insurance portfolios and regulatory reporting.
- Company: Join RiverStone International, a leader in global non-life run-off insurance.
- Benefits: Enjoy competitive benefits tailored to your location and personal growth.
- Other info: Dynamic work environment with opportunities for professional development.
- Why this job: Make a real impact in the insurance industry while developing your actuarial skills.
- 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.
Responsibilities- To provide actuarial support and analysis
- Assist in the analysis and documentation of:
- Reserve assessments and regular portfolio monitoring
- User Acceptance Testing (UAT) of incoming portfolios
- Parameterisation and validation of the Solvency II Internal Model
- Preparation of risk category information for Internal Model and Standard Formula SCR
- Due diligence exercises as required
- Adherence to RiverStone Corporate cultures and philosophies
- Adhere to the clear desk policy
- Monthly expenses in a timely fashion and within the deadline given (if applicable)
- Identification, escalation or reporting of risks to the relevant Risk Category owner, the Risk Management Function or the Group Risk Committee as appropriate.
- 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
We believe in taking care of our teams and helping our employees thrive both professionally and personally. Our benefits are dependent on location and will be provided at a later stage in the process. We encourage applications from everyone regardless of disability.
Actuarial Associate in London employer: RiverStone Management Limited
Contact Detail:
RiverStone Management Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Associate in London
✨Tip Number 1
Network like a pro! Reach out to professionals in the actuarial field on LinkedIn or at industry events. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and understanding of the industry. Be ready to discuss your experience with reserving and capital modelling, as well as any relevant regulatory knowledge.
✨Tip Number 3
Showcase your problem-solving skills during interviews. Use examples from your past experiences where you tackled complex issues, especially those related to actuarial analysis or regulatory reporting.
✨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 in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Actuarial Associate role. Highlight your relevant experience, especially in reserving and capital modelling, and don’t forget to mention any progress with your actuarial exams. We want to see how you fit into our world!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your skills align with what we’re looking for. Keep it concise but impactful – we love a good story!
Show Off Your Technical Skills: Since this role involves a lot of technical work, make sure to showcase your proficiency in Microsoft Excel and any other relevant tools. If you’ve used ResQ or similar systems, let us know – we’re keen to see your technical prowess!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. We can’t wait to hear from you!
How to prepare for a job interview at RiverStone Management Limited
✨Know Your Numbers
Brush up on your mathematical and statistical knowledge, especially as it relates to reserving and capital modelling. Be prepared to discuss specific examples from your academic or professional experience that demonstrate your analytical skills.
✨Familiarise Yourself with Regulations
Make sure you understand the relevant regulations, such as the Solvency II Internal Model and PRA guidelines. Being able to talk about how these impact the role will show that you're not just technically capable but also aware of the broader context.
✨Excel Like a Pro
Since advanced Excel skills are crucial for this role, practice using functions, pivot tables, and VBA. You might even be asked to solve a problem using Excel during the interview, so being comfortable with the software is key.
✨Communicate Clearly
Actuarial roles often require collaboration with various stakeholders. Practice explaining complex concepts in simple terms, as clear communication is essential. Think of examples where you've successfully communicated technical information to non-technical audiences.