Manager, M&A Actuarial

RiverStone International; Beverly (MA); On-site; USD 170,000 - 210,000; Full time

Benefits offered by this job

Health & Wellness

Paid Time Off

Retirement Plans

Life Insurance

Work-Life Balance

Employee Discounts

Employee Assistance Program

Parental Leave

Job summary

RiverStone International is hiring a Manager, M&A Actuarial to lead actuarial assessments of reserves and capital for acquisition and reinsurance opportunities. You will partner with the M&A team to analyze data, structure deals, and perform due diligence in fast-paced environments.

The role requires senior-level expertise in P&C actuarial reserving/pricing, strong communication with executives, and mentoring junior staff. Hybrid or on-site arrangements are possible depending on project needs.

Qualifications

• Qualified P&C actuary with strong reserving and pricing background.
• 7–10 years of actuarial experience in insurance or reinsurance.
• Experience in actuarial due diligence, reserve reviews, or transaction support in M&A/other corporate development.
• Experience with LPTs, ADCs, and legacy transaction structures.
• Experience presenting actuarial findings to executives and boards.

Responsibilities

• Lead the evaluation of reserves using deterministic and stochastic methods and share results for peer review.
• Review vendor methodologies and data to support independent analysis.
• Load and manipulate data into actuarial software for analyses.
• Engage with vendor actuaries and claims personnel for insights into reserves.
• Perform Bermuda and/or Solvency II capital calculations at entity and Group levels.
• Support pricing of contract structures including LPTs and ADCs.
• Communicate due diligence findings via reports and presentations to senior stakeholders.
• Assist with Day 1 reserve calculations and post-transaction integration.
• Manage multiple projects with deadlines and collaborate across teams.
• Lead and mentor junior actuaries in the M&A Actuarial team.

Skills

Actuarial analysis

Stochastic methods

Deterministic methods

Data manipulation

Vendor management

Leadership & mentoring

Communication to leadership

Project management

Financial analysis

Education

FIA/FCAS/FIAA/FSA or equivalent

Tools

ResQ

Job description

Reporting to the Chief Pricing Actuary, the Manager, M&A Actuarial plays a key role in evaluating acquisition and reinsurance opportunities by providing actuarial assessments of reserves and capital requirements within fast-paced transaction environments. This position supports the M&A team through financial analysis, pricing, transaction structuring, and actuarial due diligence activities to assess the risks and value of potential opportunities. Working closely with senior stakeholders across the organization, the role contributes to informed transaction decisions while maintaining the highest standards of objectivity, professionalism, confidentiality, and commercial judgment.

Job responsibilities:

For each M&A project assigned:

• Lead the evaluation of subject reserves through independent actuarial analysis using both deterministic and stochastic methodologies, and share results with other M&A Actuarial team members to facilitate detailed peer review.
• Review actuarial methodologies, assumptions, reports, and other information received from vendors
• Review data received and perform accurate analysis, manipulation, reconciliation, and loading into actuarial software to support independent actuarial analysis.
• Lead effective engagement with vendor actuaries and claims personnel to gain deeper insights into the subject reserves.
• Perform regulatory capital calculations under Bermuda and/or Solvency II frameworks at both legal entity and Group levels.
• Provide actuarial expertise to support the pricing of contract structures, including Loss Portfolio Transfers (LPTs) and Adverse Development Covers (ADCs).
• Lead the effective communication of due diligence findings through verbal discussions, actuarial reports, memoranda, and presentations to the wider M&A team, Executive Committee, Board, and broader organization, while maintaining strong commercial awareness of associated opportunities and risks.
• Support the integration of successful transactions through knowledge transfer, data sharing, and assistance with Day 1 reserve calculations.
• Manage multiple projects with accuracy and strict adherence to deadlines, regardless of fluctuations in transaction volume.
• Collaborate with other functions within the M&A team and across the wider organization, sharing expertise and providing valuable input.
• Lead, mentor, and develop less experienced members of the M&A Actuarial team, fostering technical excellence and professional growth.

Job requirements:

• Qualified Property & Casualty (P&C) Actuary (FIA, FCAS, FIAA, FSA, or equivalent actuarial designation).
• Minimum 7-10 years of actuarial experience within the insurance or reinsurance industry, including significant post-qualification experience.
• Strong experience in reserving and/or pricing across a broad range of P&C insurance and reinsurance classes.
• Demonstrated experience performing actuarial due diligence, reserve reviews, or transaction support activities within an M&A, consulting, legacy, run-off, or corporate development environment.
• Experience developing and reviewing deterministic and stochastic actuarial analyses and communicating clusions to senior stakeholders.
• Experience evaluating and pricing reinsurance structures, including Loss Portfolio Transfers (LPTs), Adverse Development Covers (ADCs), and other legacy transaction structures.
• Proficiency in actuarial reserving and modelling software such as ResQ, or equivalent actuarial platforms.
• Advanced data analysis skills, including data manipulation, reconciliation, and validation using actuarial and analytical tools.
• Proven ability to manage multiple concurrent projects and deliver high-quality work within compressed transaction timelines.
• Experience presenting actuarial findings and commercial recommendations to executive leadership, boards, regulators, clients, or external advisors.
• Previous experience coaching, mentoring, or supervising actuarial analysts and junior actuaries.

Job benefits:

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

• Health & Wellness – Comprehensive medical, dental, and vision insurance plans
• Paid Time Off – Generous vacation, sick leave, and paid holiday
• Retirement Plans – 401(k) with company match to help you plan for your future
• Life Insurance – Company-paid basic life insurance, with options to purchase additional coverage
• Work-Life Balance – 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
• Parental Leave – Paid maternity and paternity leave

The actual compensation offered will be based on a variety of factors, including the candidate’s experience, education, and skill set. This position is also eligible for an annual discretionary bonus, calculated as a percentage of base salary, in accordance with the applicable bonus plan.