Actuarial Analyst II

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Who we are:

Everest is a leading global Reinsurance and Insurance organisation with extensive product and distribution capabilities, a strong balance sheet and an innovative culture. Throughout our history, Everest has maintained its discipline and focus on creating long term value through underwriting excellence and strong risk and capital Management.

At Everest, we believe that our future is determined by the actions we take today. Actions that go beyond business strategy and encompass the values important to our employees and the communities in which we operate. Everest’s value commitments include: providing an inclusive work environment that offers employees the opportunity to further their development, supporting our communities through the donation of time and financial resources, maintaining our integrity across all aspects of the group, and being an industry innovator to solve global complex risks.

Why join:

Everest Insurance International Wholesale & Specialty (IW&S) is part of a global group. IW&S consists of Everest Syndicate 2786, Everest Insurance (Ireland) DAC (EIID), and Everest Insurance Singapore (EIS).

It is an exciting time and an excellent opportunity to be joining IW&S as the business focuses on developing and growing its wholesale and specialty book, investing in teams and systems under a global strategy. The Actuarial Function is instrumental in supporting and influencing the business and longer-term ambitions, with significant investment and wider Group collaboration in establishing a best-in-class actuarial set up.

The way IW&S 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 its strategy, establishing and growing the IW&S actuarial capabilities and business partnering.

Role Purpose:

As a key member of the actuarial function for the Everest Syndicate, you will be required to help support and drive forward BAU and project initiatives, working collaboratively with other members of the actuarial team.

In addition to playing a key role in enhancing the team’s capabilities, the candidate will have responsibility for owning key aspects of the Actuarial team’s quarterly reserving processes, stakeholder management, business reporting and working with the Actuarial Management team on analysis to generate and support Company results.

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

Key Accountabilities:

• Ownership of key processes for the Quarterly reserving for GAAP and Solvency II Technical provisions
• Support setting key actuarial assumptions and methods.
• Support reporting of results to key stakeholders, Group, Lloyd’s and other regulators.
• Contribute to reserving discussions with underwriting, actuarial, claims, finance and reinsurance to improve underwriting results. Timely delivery and communication of results.
• Contribute to actuarial analysis which supports the business planning process and communicate the results to internal and external stakeholders.
• Ensure compliance with all regulatory requirements.
• Develop tools and outputs to leverage actuarial data in-order to improve underwriting performance and deliver insights and valuable MI to key stakeholders and senior management.

Professional Experience:

• 2 - 4 years of actuarial reserving experience in the London Market experience desired but not essential
• Making progress towards actuarial qualification.
• Proven ability of working independently and collaborating with others.
• Bachelor’s degree or higher in Maths, Actuarial Science, Economics, Statistics, Business or a similar field.

Skills & Abilities

• Excellent IT skills, MS Excel, SQL, Power BI, AI.
• Strong technical and model building experience.
• Excellent organisational skills and a strong attention to detail.
• Ability to simply communicate modelling process and results with internal and external stakeholders, both verbally and through reports or presentations.
• A flexible and enthusiastic approach to work with a strong appetite to learn and develop.

Competencies:

• The role holder will be required to embrace the Everest Core Values: Collaboration, Thoughtful Assumption of Risk, Execution, Humility and Leadership
• The Everest Core Values are the foundation upon which we (a) conduct our work, and (b) conduct ourselves both internally with our colleagues, and externally with clients/customers

The Company's success and that of our employees begins with these values. All employees are expected to support and exhibit these values in their interactions with others and through their day-to-day responsibilities.

What if I don’t meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn’t align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.

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. Inclusion and Belonging.
• 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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