Senior Advisor Actuarial

Reserve Bank of New Zealand; Wellington; Hybrid; NZD 208,000 - 254,000; Full time

Benefits offered by this job

Additional leave options

Wellness package

Generous parental leave

Learning & development

Networking & sport activities

Job summary

Reserve Bank of New Zealand in Wellington is seeking a Senior Advisor – Actuarial to provide authoritative actuarial advice that strengthens financial stability and supports prudential supervision of the insurance sector.

The fixed-term role offers flexible hours with hybrid work and can be full-time or part-time until October 2027, with opportunities to lead risk-based work, engage with insurers and regulators, and mentor junior colleagues.

Qualifications

• Strong academic or professional qualifications in actuarial science, or a related field, including membership of a professional actuarial organisation.
• Post‑qualification experience in actuarial work.
• Excellent communication skills, including the ability to explain technical concepts clearly to non‑technical stakeholders.

Responsibilities

• 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 indicating distress within a licensed insurer or across the sector.
• Provide technical leadership in developing risk‑based frameworks for oversight of the insurance sector.
• Contribute to solvency‑related policy work and provide actuarial input to wider Financial Stability Group initiatives.
• Develop and mentor junior colleagues and share actuarial knowledge across the organisation.

Skills

Actuarial science

Post-qualification experience

Analytical thinking

Strategic design

Stakeholder management

Mentoring

Communication

Te Tiriti knowledge

Security clearance

Education

Actuarial qualification

Job description

Senior Advisor – Actuarial

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

Fixed term role based in Wellingtonor Aucklanduntil October2027. Flexible full-time or part-time options, with a central location and hybrid working environment.

Tetūranga– The role

Join the Actuarial team within the Financial Stability Group. The team supports effective prudential supervision of NewZealand’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 NewZealand 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.

Ōpūkenga– 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 TeTiritioWaitangi.
• Eligibility to obtain and maintain the appropriate level of NZ National Security Clearance.

Kowaimātou– Who we are

We’rekaitiaki (guardians) of NewZealand’s financial ecosystem – enabling economic wellbeing and prosperity for all NewZealanders. We provide money and cash,maintainsafe banking, underpin the financial system, and help keep prices stable. We’rebuilding 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 ofTeAoMāori,TeTiritiand Tikanga is welcomed and valued.

Ngāpainga– 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 atTePūteaMatua is about more than a job. Here you’ll have a career, a community, and an opportunity to make a meaningful difference for NewZealand. Bring your talent, curiosityandexpertise–we’llinvest in you, and together,we’reinvesting in NewZealand.

Kōrerotāpiri- 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].