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About Everest:
Everest Group, Ltd. (Everest), is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in North America, Latin America, the UK & Ireland, Continental Europe and Asia Pacific regions. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Our most critical asset is our people. We offer dynamic training & professional development to our employees. We also offer generous tuition/continuing education reimbursement programs, mentoring opportunities, flexible work arrangements, and Colleague Resource Groups.

About the Role:

The Actuarial Function (Reserving and Capital) is instrumental in supporting this growth and longer-term ambitions, with significant investment and wider Group collaboration in establishing a best-in-class actuarial set up.

The way EII is structured provides ample opportunity to make a tangible impact on the day-to-day and future direction of the actuarial department, and personally play a critical role in influencing, establishing and growing the EII actuarial capabilities.

As a key member of the actuarial team, you will be required to lead multiple deliverables, interactions and propose initiatives for future enhancements to drive forward.

The role is broad with exposure to a wide network of business stakeholders and other actuarial functions, project development and in-quarter/off-quarter activities. The successful candidate will work with autonomy in a supportive and encouraging environment. This will be suitable to someone looking to be empowered to take on ownership, make a tangible impact with the business and who enjoys collaborating with others.

Role & Responsibilities (include but not limited to):

• Oversight and engagement of syndicate deliverables, and development of wider EII actuarial capabilities.

• Develop talented team colleagues so they are ready to assume leadership positions in the coming years.

• Quarterly reviews of reserves in respect of business written across international platforms.

• Setting of key actuarial assumptions and methods for both GAAP and SII purposes.

• Undertake regular portfolio analysis of classes.

• Contribute and lead reserving discussions with underwriting, pricing, claims, finance and reinsurance to improve underwriting results.

• Work closely with the Head of Capital in embedding the new internal capital model, parameterisation frameworks (reserve risk, top-down validation scenarios, etc) and documentation.

• Collaborate with pricing actuary’s and underwriters for sharing information, influencing and to support reserving/capital assumptions used.

• Timely delivery and concise communication of internal and external (Lloyd’s, PRA) reporting.

• Continuously improve analysis and outputs to ensure it is at the forefront of the industry in order to maintain commercial advantage.

• Support the S2786 Chief Actuary by leading the production of the actuarial function component reports, ensuring co-ordination with the EIID AFR to enable synergies and consistency.

• Develop and comply appropriate controls over model inputs, parameters, judgements and outputs.

• As International continues to grow and evolve, the successful applicant will be heavily involved in the wider actuarial team’s journey and evolution to deliver quality tools and insights, which include:

• Identifying, planning and leading the execution of future enhancements to the reserving and capital modelling tools, approaches and add-value proposition.

• Modelling and coordinating inputs to parameter updates.

• Enhancing the monitoring, MI and communication of key risks.

• Ensuring best practice and compliance with all applicable regulatory requirements.

• Key stakeholders include finance, all actuarial functions, underwriting, claims, IT, senior management, Lloyd’s, external audit.

• As a senior member of the actuarial management team, you will be expected to both lead by example and play an active role in supporting the wider actuarial team’s professional development.

• This role will be highly visible and integrated as part of the wider actuarial team, with opportunity to collaborate, learn and contribute across the functions and business.

Qualifications:

• Qualified Fellow of the Institute and Faculty of Actuaries (FIA) or similar.

• Bachelor’s degree or higher in Maths, Accounting, Economics, Statistics, Business or a similar field.

Knowledge, Skills & Competencies:

• In-depth knowledge and experience of GI reserving and capital modelling approaches.

• Management. Empowering and developing others.

• Experience of Lloyd’s reporting.

• Excellent IT skills, MS Excel, MS Access, SQL, Power BI and ResQ.

• Strong reserve and reserve risk modelling.

• Standard formula modelling.

• Excellent organisational skills and a strong attention to detail.

• Proven ability to develop junior colleagues to leadership positions.

• Ability to simply communicate modelling process and results with internal and external stakeholders, both verbally and through reports or presentations.

• Ability to implement and apply strong financial controls in a simple framework.

• A flexible and enthusiastic approach to work with a strong appetite to network, learn and develop.

Our Culture 

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture. 

• Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Diversity, Equity and Inclusion.  

• Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.  

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.  

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