Senior Advisor – Actuarial

Actuaries Incorporated; Wellington, Auckland; Hybrid; NZD 138,000 - 231,000; Full time

Benefits offered by this job

Hybrid working environment

Flexible full-time or part-time hours

Additional leave options

Job summary

The Reserve Bank of New Zealand is seeking a Senior Advisor – Actuarial to provide authoritative actuarial advice to prudential supervisors and management. Based in Wellington or Auckland, the role emphasises solvency assessment, risk monitoring and support for crisis management within NZ’s insurance sector.

You will engage with domestic and international regulators, lead risk-based work, and mentor junior colleagues while contributing to policy and thematic reviews.

Qualifications

• Strong actuarial qualifications and post-qualification experience.
• Ability to analyse solvency and financial position of insurers.
• Excellent communication with non-technical stakeholders.

Responsibilities

• Act as reviewing actuary on licensing, transfers and supervisory matters with solvency focus.
• Identify distress signals within licensed insurers or sector.
• Lead development of risk-based frameworks for insurance supervision.
• Contribute to solvency policy work and actuarial input to initiatives.
• Develop and deliver thematic reviews with actuarial input.
• Engage with insurers, actuaries, industry bodies and regulators.
• Build confidence in the insurance regime through high-quality advice.
• Mentor junior colleagues and share knowledge across the organisation.

Skills

Analytical skills

Communication

Stakeholder engagement

Mentoring / team development

Te Tiriti o Waitangi knowledge

Education

Actuarial qualification

Professional actuarial association member

Job description

Provide authoritative actuarial advice that strengthens financial stability, supports effective prudential supervision and helps identify emerging risks across New Zealand’s insurance sector.

• Fixed term role based in Wellington or Auckland until October 2027
• Flexible full-time or part-time options, with a central location and hybrid working environment

Te tūranga – The role

Join the Actuarial team within the Financial Stability Group. The team supports effective prudential supervision of New Zealand’s insurance sector by providing specialist actuarial advice and insights on insurer solvency, financial position and emerging risks.

As Senior Advisor – Actuarial, you will provide authoritative, sound and timely actuarial advice and technical support to prudential supervisors, management and other areas of the Reserve Bank. Your work will focus on assessing insurers’ ongoing solvency compliance and financial position, identifying and monitoring emerging stress and risk, supporting insurer crisis management, and contributing to industry-wide stress testing and thematic reviews. You will engage regularly with insurance supervisors, policy and stress-testing teams, senior leaders, licensed insurers, appointed actuaries, industry bodies and regulatory agencies in New Zealand and overseas.

In this role you will:

• Act as a reviewing actuary, providing authoritative advice on actuarial information relating to licensing, transfers and other supervisory matters, with a strong focus on assessing solvency compliance.
• Identify and report circumstances that may indicate distress within a licensed insurer or across the insurance sector.
• Provide technical and intellectual leadership in developing risk-based frameworks and processes for effective oversight of the insurance sector.
• Contribute to solvency-related policy work and provide actuarial input to wider Financial Stability Group initiatives.
• Help identify, develop and deliver thematic reviews, particularly where actuarial expertise adds value.
• Engage with licensed insurers, appointed actuaries, industry bodies and domestic and international regulatory agencies.
• Build confidence in the insurance regime through strong internal and external advocacy and high-quality technical advice.
• Develop and mentor junior colleagues and share actuarial knowledge and capability across the organisation.

Ō pūkenga – About you

To be successful in this role you will bring:

• Strong academic or professional qualifications in actuarial science, or a related field such as mathematics, statistics or financial theory, including membership of a professional actuarial organisation.
• Post-qualification experience in actuarial work.
• Strong analytical and conceptual skills, creative thinking, sound judgement and the ability to consider issues holistically.
• The ability to design and implement strategies that achieve required decisions and actions.
• Well-developed interpersonal skills and a strong track record of building and maintaining effective professional relationships with internal and external stakeholders.
• Experience working as a senior member of a team and providing guidance and mentoring to junior colleagues, including supporting their personal and career development.
• Excellent communication skills, including the ability to explain technical concepts clearly to non-technical stakeholders.
• A collaborative, positive and enthusiastic approach.
• Demonstrated knowledge and application of Te Tiriti o Waitangi.
• Eligibility to obtain and maintain the appropriate level of NZ National Security Clearance.

To find out more please review the position description, and for recruitment related queries please contact [e-mail].

Ko wai mātou – Who we are

We’re kaitiaki (guardians) of New Zealand’s financial ecosystem – enabling economic wellbeing and prosperity for all New Zealanders. We provide money and cash, maintain safe banking, underpin the financial system, and help keep prices stable. We’re building diversity and inclusion into everything we do. Our differences seed innovation and help us deliver our best work – reflective of the needs of society. Knowledge of Te Ao Māori, Te Tiriti and Tikanga is welcomed and valued.

Ngā painga – What we can offer you

We have a broad range of responsibilities and great opportunities to match people across all stages of careers. We encourage an inclusive and positive workplace culture. We support flexible working and work-life balance. Our benefits include additional leave options, a wellness package, generous parental leave provisions, learning and development opportunities, and access to numerous social, networking and sporting activities. Find out more here: www.rbnz.govt.nz/careers/our-benefits

The anticipated salary for this role is up to $230,725 (actual salary will be dependent on your skills and experience).

Come join us if you want to make an impact.

Working at Te Pūtea Matua is about more than a job. Here you’ll have a career, a community, and an opportunity to make a meaningful difference for New Zealand. Bring your talent, curiosity and expertise – we’ll invest in you, and together, we’re investing in New Zealand.

Kōrero tāpiri – Additional information

If you encounter accessibility barriers in the application process or if you have access needs and require support or adjustments to participate equitably in the recruitment process, please email [e-mail].