Assistance jobs in United Kingdom

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 position is responsible for reporting the Riverstone International groups solvency capital to the PRA in accordance with the PRA Rulebook (for groups). This includes all aspects of the reporting, from data integrity and control, using existing systems to calculate the groups solvency II (UK) balance sheet and running the standard formula calculation. The role includes involvement in group reporting activities that oversee the group UK GAAP consolidation and reporting to shareholders, including management information and reporting control. The role will require some day‑to‑day oversight and management of the work of group finance team members.

The role requires someone with the skills to analyse and interpret general insurance big data sets, understand and apply the Solvency UK rules as they relate to the group, be able to clearly and succinctly articulate that analysis and findings to both senior management and to identify areas of process improvement.

• Reporting
  • Preparation & submission of Group QRTs (including annual)
  • Preparation & submission of the Group SFCR
  • Contribution of scenario analysis as requested to be included within the ORSA
• Data
  • Maintenance of existing portfolios and intergroup relationships (IIP, reinsurance, recharges)
  • Maintenance of the SII Chart of accounts
  • Migration of new portfolios into the SII database
  • Active management and recording for SII purposes of manual portfolios
  • Maintenance and update of the settings and configuration (in co‑ordination with IT) of the SII database
  • Own and submit to the SII database certain data inputs including SII Forecast Expenses, LEI detailed data, Other Solvency II TP etc
• Calculation
  • Consolidate the SII balance sheet on a PRA basis (IIP, Intergroup reinsurance etc)
  • Own, maintain and run the standard formula calculation for the group including any material ring‑fenced funds
  • Prepare analysis packs to support both SII Balance sheet and Standard formula for senior management review
• Group capital co‑ordination and planning
  • Set the group capital reporting timetable and support local territories to ensure deliverables are provided on a timely basis
  • Support local territories, as requested, in the calculation of local SII balance sheets and/or Standard Formula (or equivalent capital requirement calculation)

• Very good with big data / manipulation & analysis (typically excel)
• SII technical knowledge
• Understand impact on SCR calc, to be able to investigate and propose changes to be more capital efficient

• Provide assistance and support for any statutory UK GAAP Reporting activities as requested or required
• Have an awareness of the Treating Customers Fairly ("TCF") and Conduct Risk strategies
• Have an awareness of Data Protection legislation, including the Data Protection Act and the General Data Protection Regulations

• Experience
  • Insurance accounting
  • Solvency II reporting regulations
  • Good analytical background
• Knowledge
  • Qualified accountant (desirable but also if qualified by experience)
  • Operation of general ledger systems
  • Regulatory regime and capital reporting rules
  • Project management and risk management techniques
• Skills
  • Planning and implementation
  • Communications
  • Analysis
  • Diligence and accuracy
  • Interpersonal
  • Decision making

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

• 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.