At a Glance
- Tasks: Support financial planning and capital management activities to drive strategic decision-making.
- Company: Join RiverStone International, a leader in global non-life run-off insurance.
- Benefits: Enjoy private medical cover, wellness programmes, and 25 days holiday.
- Other info: Collaborative team culture with opportunities for professional growth.
- Why this job: Make an impact in a dynamic environment with real-world financial strategies.
- Qualifications: Degree qualified with 3-5 years experience in general insurance or finance.
The predicted salary is between 60000 - 80000 £ 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.
- 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.
- 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.
Financial Planning & Strategy – Capital Manager in London employer: RiverStone Management Limited
Contact Detail:
RiverStone Management Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Planning & Strategy – Capital Manager 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 strategies. Tailor your answers to show how your skills align with their needs, especially in capital management and forecasting.
✨Tip Number 3
Practice your analytical skills! Be ready to discuss financial modelling techniques and how you've applied them in past roles. Use real examples to demonstrate your expertise in general insurance and capital optimisation.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in being part of the RiverStone team.
We think you need these skills to ace Financial Planning & Strategy – Capital Manager in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience that match the Financial Planning & Strategy role. Highlight your relevant qualifications, especially if you have experience in financial modelling or capital management.
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 background aligns with our needs at RiverStone International. Be specific about your achievements and how they relate to the job.
Showcase Your Analytical Skills: Since this role involves a lot of analysis, make sure to include examples of how you've used your analytical skills in previous positions. Whether it's forecasting or scenario analysis, we want to see how you can contribute to our strategic decision-making.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at RiverStone Management Limited
✨Know Your Numbers
Make sure you brush up on your financial modelling techniques and understand the key drivers of surplus capital generation. Be ready to discuss how you would approach forecasting and budgeting, as well as any relevant experience you have in these areas.
✨Understand the Company
Research RiverStone International thoroughly. Familiarise yourself with their history, recent projects, and the specific markets they operate in. This will help you tailor your answers and show that you're genuinely interested in the role and the company.
✨Prepare for Scenario Analysis
Since the role involves sensitivity and scenario analysis, think about how you would identify key factors influencing surplus and solvency coverage. Prepare examples from your past experience where you've successfully conducted similar analyses.
✨Showcase Your Communication Skills
As this role requires regular reporting and collaboration across teams, be prepared to demonstrate your communication skills. Think of examples where you've effectively communicated complex financial information to non-financial stakeholders.