Actuarial Associate

RiverStone International • Beverly, MA

1d • $82,000 - $136,000 • Hybrid

About The Position

The Actuarial Associate supports reserving, financial reporting, capital analysis, and strategic initiatives across U.S. insurance and reinsurance operations. The role contributes to reserve assessments, portfolio monitoring, due diligence exercises, and regulatory reporting, while partnering with actuarial, finance, claims, reinsurance and underwriting teams to deliver insights that support business decisions and risk management. The position requires strong analytical and technical skills, ongoing progress toward actuarial credentials, and effective collaboration with internal and external stakeholders.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or a related quantitative field.
• Strong academic record with demonstrated analytical and problem-solving abilities.
• Prior actuarial, insurance, or reinsurance experience preferred.
• Progress toward actuarial credentials (CAS, SOA, or equivalent) preferred; exceptional candidates interested in pursuing actuarial exams or with partial exam progress will also be considered.
• Advanced proficiency in Microsoft Excel; experience with VBA, data analytics, and actuarial software is a plus.
• Experience with ResQ or similar actuarial reserving software preferred.
• Understanding of actuarial reserving methodologies, capital analysis, and risk assessment concepts.
• Familiarity with property & casualty insurance and reinsurance operations.
• Knowledge of financial reporting, local entity and Group regulatory reporting, and insurance industry practices.
• Strong attention to detail and commitment to accuracy.
• Excellent analytical, quantitative, and technical skills.
• Effective written and verbal communication skills.
• Strong organizational and time management skills, with the ability to manage multiple priorities and meet deadlines.
• Collaborative team player with the ability to build strong working relationships across functions.
• Flexible, adaptable, and eager to learn in a dynamic environment.
• Demonstrated initiative, sound judgment, and commitment to ongoing professional development.
• Must be legally authorized to work in the United States.

Nice To Haves

• Experience with VBA, data analytics, and actuarial software is a plus.
• Experience with ResQ or similar actuarial reserving software preferred.
• Familiarity with property & casualty insurance and reinsurance operations.
• Knowledge of financial reporting, local entity and Group regulatory reporting, and insurance industry practices.

Responsibilities

• Support reserve analyses and ongoing portfolio monitoring.
• Assist with financial reporting, capital analysis, forecasting, and risk assessment activities.
• Conduct actuarial analyses and prepare supporting documentation, reports, and presentations.
• Participate in User Acceptance Testing (UAT) for new portfolios, systems, and actuarial models.
• Support due diligence activities related to acquisitions, portfolio transfers, and other strategic initiatives.
• Contribute to regulatory, financial, and management reporting requirements.
• Assist with special projects and ad hoc analyses as needed.
• Collaborate effectively with actuarial, finance, claims, underwriting, reinsurance and other business partners.
• Maintain progress toward actuarial credentials and ongoing professional development.
• Ensure compliance with company policies, regulatory requirements, and data privacy standards.
• Identify, escalate, and report risks in accordance with RiverStone's risk management framework.

Benefits

• Comprehensive medical, dental, and vision insurance plans
• Generous vacation, sick leave, and paid holiday
• 401(k) with company match to help you plan for your future
• Company-paid basic life insurance, with options to purchase additional coverage
• Flexible work hours and hybrid work opportunities
• Employee Discounts – On products, services, or partner offerings
• Employee Assistance Program (EAP) – Free, confidential support for mental health, legal, and financial counseling
• Paid maternity and paternity leave
• Actuarial exam support package designed to help you achieve professional accreditation.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level