Who We Are

Rokstone, part of the Aventum Group, is an established international underwriting MGA and approved Lloyd’s of London coverholder, where we also hold a Lloyd’s Box. With innovation at our core, we go beyond the ordinary to offer brokers specialised (re)insurance solutions. Within Rokstone, we house specialist MGAs such as Novus, iSure and iFarm, each contributing to our commitment to redefining industry standards.

At the heart of Aventum are our people. Our employees collaborate in dynamic, service-focused teams. Together, we strive daily to achieve our goals and objectives with a shared dedication to revolutionising the insurance industry for the better.

The Company offers a competitive benefits package via a flexible benefits platform. In addition to core benefits, employees can tailor their benefits according to their individual needs.

Employee development is key to the ongoing development of Aventum on the whole. We invest in our people, empowering them to grow their careers and advance within the Group. Our dynamic culture is rooted in the continuous desire of our people to learn and challenge themselves.

Role Summary

You are joining a recently formed actuarial function. The team’s immediate goal is to forecast our underwriting loss ratios by class of business on a quarterly basis. This will involve working heavily with our in-house reserving model and producing material for communication with a wide range of internal and external stakeholders. Our ambition is to develop into a valued point of support to our underwriting teams and our management team through a combination of strong communication of our forecast results and understanding our insurance products and company strategy.

Role Accountabilities

Support the quarterly reserving process. This spans from data ingestion into our in-house tool, reviewing data quality and reporting and resolving problems found, setting assumptions that drive our forecasts, and producing materials for presentation to a range of stakeholders.
For assigned classes of business, establish an understanding of the products sold and their characteristics, which will impact their profitability and likely reporting patterns.
Collaborate with our pricing team to understand market conditions, product characteristics and underwriting behaviours, utilising pricing MI within the reserving process.
Build relationships with other key departments that actuarial collaborates with. Most notably, Underwriting, Portfolio Management, Claims, and Technology.

Role Requirements

University degree in Mathematics or a related field.
Trainee Actuary (study support to be provided).
An aptitude for communication with a wide range of people.
The ability to work independently after sufficient coaching and tuition.
Intermediate experience in MS Excel and R or Python.
Be able to work in the London office at least three days per week.

Skills and Abilities

We are here to support the Rokstone management and underwriting teams with technical expertise and simple but effective communication.
We are here to be honest, pragmatic and commercial. We will challenge where opinions differ but also respect others views and communicate differences professionally, always communicating the uncertainty and limitations in our work.
Strong attention to detail ensures accuracy in our reserving outputs, where even small errors can have significant impacts. Effective time management and problem solving skills are essential for meeting deadlines and quickly identifying and resolving unexpected changes in results.

Management Duties

We are an equal opportunity employer, and we are proud to share that 93% of our employees say they can be themselves at work. We aim to hire our industry's finest people because the best people drive the best outcomes. And we forever challenge the status quo because we know there are always ways to improve things. Because together, we're limitless.

We value applicants from all backgrounds and foster a culture of inclusivity. We understand the need for flexibility, so work in a hybrid model. Please let us know if you require any reasonable adjustments during the recruitment process.

FCA Conduct Rules

Under the Senior Managers and Certification Regime the FCA and Aventum expects that:

You must act with integrity.
You must act with due skill, care and diligence.
You must be open and cooperative with the FCA, the PRA and other regulators.
You must pay due regard to the interests of customers and treat them fairly.
You must observe proper standards of market conduct.
You must act to deliver good outcomes for retail customers.

Aventum Group

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