Senior Advisor Actuarial

New Zealand Government; Wellington; Hybrid; NZD 180,000 - 231,000; Full time

Job summary

Reserve Bank of New Zealand is seeking a Senior Advisor - Actuarial to provide authoritative actuarial advice and technical support to prudential supervisors and management. The role focuses on insurer solvency, financial position, emerging risks and crisis management, with engagement across domestic and international regulators.

You will develop risk-based frameworks, lead thematic reviews and mentor junior colleagues while collaborating with licensed insurers and industry bodies.

Qualifications

• Actuarial qualification and/or professional membership.
• Post-qualification actuarial experience.
• Strong analytical and conceptual skills.
• Ability to design and implement strategies.
• Excellent communication and stakeholder management.
• Experience mentoring junior staff.
• Knowledge of Te Tiriti o Waitangi.
• Eligible for NZ National Security Clearance.

Responsibilities

• Act as a reviewing actuary for licensing and supervisory matters with solvency focus.
• Identify distress signals within insurers or the sector.
• Develop risk-based frameworks for effective oversight of insurance.
• Contribute to solvency-related policy work and wider Financial Stability initiatives.
• Lead thematic reviews and provide actuarial input.
• Engage with insurers, actuaries, industry bodies and regulators.
• Mentor junior colleagues and share actuarial knowledge.
• Build internal and external advocacy with high-quality technical advice.

Skills

Actuarial knowledge

Analytical thinking

Stakeholder engagement

Mentoring

Communication skills

Education

Professional actuarial qualification

Mathematics/Statistics/Financial theory

Job description

Senior Advisor - ActuarialProvide 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 2027Flexible full-time or part-time options, with a central location and hybrid working environmentTe'turanga'- 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.O'pukenga'- 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'matou'- 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 Maori,'Te'Tiriti'and Tikanga is welcomed and valued.'Nga'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'Putea'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.'Korero'tapiri'- 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].'Me'pehea'te'tuku'tono'- To Apply/Interested?'If the sound of this role has sparked your interest, please apply online by midnight on Wednesday, 21'October 2026.'Please'include a cover letter with your application.'Whilst acknowledging the growing use of AI, we kindly ask that the information you provide outlines why you think you'll be a great fit for this role and authentically represents you.