Job Description

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 $6.4 billion of liabilities currently under management.

The successful applicant will play a key role in providing actuarial expertise, advice and analysis to support RiverStone International's strategic, financial and regulatory objectives. The role will involve delivering accurate actuarial reporting, advising senior management and governance committees as well as contributing to key business transactions, while ensuring compliance with regulatory frameworks and promoting best actuarial practices.

Job responsibilities

To provide actuarial support and analysis

To assist in the analysis and documentation of: Reserve assessments and regular portfolio monitoring The calculation of the technical provisions Parameterisation and validation of the Solvency II Internal Model Preparation of risk category information for Internal Model and Standard Formula SCR Assist with other analysis / projects as required Attending and contributing to meetings of any committee/group to which you may be required Liaison with consultants/auditors on reserving process, and responding to external reviews 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

To advise Exco, the Boards and all other appropriate committees on all actuarial affairs in which they are involved

Input into the reserve review reports for Exco and the Boards Input into Board education sessions e.g. capital modelling, Solvency II

To provide actuarial support in connection with specific transactions such as acquisitions

Input into the assessment of the adequacy of reserves for acquisition opportunities Lead the actuarial integration of new portfolios into RiverStone systems and processes

To provide mentorship to junior actuarial team members, both technically and professionally

To seek opportunities to delegate work to junior team members and provide guidance where appropriate To encourage the professional development and softer skills of junior team members

To ensure suitable actuarial techniques are applied with a view to recommending ranges of reserving levels to the directors, both by sections of the business and as a whole, which are within reasonable ranges of probable outcomes.

Regular contact with actuaries to review the reserving recommendations. Regular contact with Claims team to understand material claim movements. Ensuring that claim movements are adequately reflected in the reserves. Ensuring that reserving techniques remain up to date and relevant to RiverStone's business. Supporting Chief Actuary to ensure Exco and the Boards have a good understanding of reserve ranges and actuarial techniques for deriving reserve ranges.

To ensure compliance with the actuarial aspects of RiverStone's Solvency II obligations, including

The Actuarial Function Report, produced annually for all RiverStone firms. Produce and maintain SCR capital modelling and capital runs for all firms. Internal Model validation work. Internal Model parameterisation work. Review of Standard Formula SCR calculations.

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.

Job requirements

Competence

Mathematic/statistical background Excellent academic record Fellow of the Institute and Faculty of Actuaries Excellent Microsoft Office Applications including Excel to advanced level, with VBA At least 4 years of actuarial working experience Insurance and/or reinsurance experience

Knowledge

Proficient knowledge of ResQ Knowledge of reserving and capital modelling tools and techniques Knowledge of other in-house systems and procedures Proficient understanding of relevant classes of business Risk Management techniques Knowledge of PRA, FCA and Lloyd's regulatory requirements and rules relating to the operations of the company Relevant Lloyd's Bylaws, Codes of Practice, Market and Regulatory Bulletins Relevant sections of the Financial Services Act, PRA Handbook and Consultation Papers

Skills

Planning, organisation and implementations

Attention to detail Investigation and statistical analysis Actuarial analysis and decision making Communication Flexibility Working in a team

Job benefits

We believe in taking care of our team and helping our employees thrive both professionally and personally.
Our benefits include:

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. Holiday 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 - 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.

Job Types: Full-time, Permanent

Pay: Up to 120,000.00 per year

Work Location: In person