At a Glance
- Tasks: Support financial planning and capital management while working on strategic projects.
- Company: Join RiverStone International, a leading global insurance specialist with over 25 years of experience.
- Benefits: Enjoy private medical cover, wellness programmes, generous holiday, and professional development opportunities.
- Other info: Flexible working hours with a mix of office and remote work.
- Why this job: Make a real impact in financial strategy and capital optimisation within a dynamic team.
- Qualifications: Degree qualified with 3-5 years of experience in finance or insurance.
The predicted salary is between 50000 - 65000 £ 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 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.
Responsibilities- 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.
Actuary/Accountant – Financial Planning & Strategy in London employer: RiverStone Management Limited
RiverStone International is an exceptional employer that prioritises employee wellbeing and professional growth, offering a comprehensive benefits package including private medical cover, wellness programmes, and generous holiday entitlement. With a collaborative work culture that encourages innovation and supports career development through training and qualifications, employees are empowered to contribute meaningfully to strategic financial planning in a dynamic global insurance environment.
Contact Details:
RiverStone Management Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Actuary/Accountant – Financial Planning & Strategy in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching RiverStone International and understanding their financial planning strategies. Tailor your answers to show how your skills align with their needs – it’s all about making that connection!
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or use online resources to get comfortable with common questions. The more you practice, the more confident you'll feel when it’s time to shine.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Actuary/Accountant – Financial Planning & Strategy in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Actuary/Accountant role. Highlight your relevant experience in financial planning and capital management, and don’t forget to mention any specific skills that match the job description.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for RiverStone International. Mention your understanding of financial modelling techniques and how your experience aligns with their needs.
Showcase Your Analytical Skills:Since the role involves a lot of analysis, make sure to showcase your analytical skills in your application. Provide examples of past projects where you’ve successfully used these skills to inform strategic decision-making.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way to ensure your application gets into the right hands and shows your enthusiasm for joining our team!
How to prepare for a job interview at RiverStone Management Limited
✨Know Your Numbers
As an actuary or accountant, you'll need to be comfortable with financial data. Brush up on your forecasting and budgeting skills, and be ready to discuss how you've used these in past roles. Familiarise yourself with key metrics relevant to RiverStone International's operations.
✨Understand the Capital Landscape
Dive deep into capital management strategies, especially those related to regulatory requirements like Solvency II. Be prepared to discuss how you would approach capital optimisation and what factors influence surplus capital generation.
✨Showcase Your Analytical Skills
Highlight your experience with financial modelling techniques and scenario analysis. Bring examples of how you've used these skills to inform strategic decision-making in previous roles, as this will resonate well with the responsibilities outlined in the job description.
✨Communicate Clearly
Effective communication is key in this role. Practice explaining complex financial concepts in simple terms, as you'll need to present findings to various stakeholders. Think about how you can demonstrate your ability to convey information clearly during the interview.
