Actuarial Associate

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
• Assist with other analysis projects as required
• Attend meetings of any committee/group to which you may be required
• Maintain an appropriate level of Continuing Professional Development as required by RiverStone and relevant Professional Organisations
• To carry out regulatory reporting
  • Contribute to preparation of submissions to Lloyd's, PRA and other regulators as required
• General Responsibilities
  • 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.

Requirements

• Experience
  • 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
  • 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
• Skills
  • Attention to detail
  • Technical skills
  • Analytic problem solving
  • Communication
  • Time management
  • Flexibility Benefits

    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.