As one of the leading global reinsurance and insurance providers, Everest continues to grow throughout Europe and the rest of the world. As an organisation we maintain discipline and focus on creating long-term value through underwriting excellence and strong risk and capital management. But in everything we do, the most valued asset are our people.
Summary
Everest Insurance International (EII) is a fast-growing division of Everest Insurance and part of a global group. EII consists of Everest Insurance (Ireland) DAC (EIID), Everest Syndicate 2786, Everest Insurance Singapore, LatAm branches and on-going expansion.
It is an exciting time and an excellent opportunity to be joining EII during this expansion, which covers top line growth, products and increased geographies (across Europe, Asia & Pacific and LatAm). The Actuarial Function (Reserving and Capital) is instrumental in supporting this growth and longer-term ambitions, with on-going investment and wider Group collaboration in continuing to support a best-in-class actuarial set up and value-add proposition to the business.
This role will be highly visible to the European business and involve regular interactions across a broad range of stakeholders, as well as continual involvement across wider EII initiatives.
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.
The way EII is structured provides ample opportunity to make an 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.
Key responsibilities:
1. Quarterly reviews of reserves in respect of business written across international platforms
2. Setting of key actuarial assumptions and methods for both GAAP & Solvency II TPs
3. Undertake regular portfolio analysis of classes, understanding business nuances and making use of appropriate local and wider Group benchmarks
4. Manage and lead reserving co-ordination and discussions with underwriting, pricing, claims, finance and reinsurance to improve underwriting results
5. Quarterly SCR and inputs to the ORSA stress and scenario tests
6. Timely delivery and clear communication of results
7. Continuously collaborate with stakeholders and improve analysis and MI to ensure it is at the forefront of the industry in-order to maintain commercial advantage
8. Support and lead on the external actuarial opinion and audit engagement for year-end
9. Develop and embed appropriate controls over model inputs, parameters, judgments and outputs
10. Identify, plan and lead the execution of future enhancements to the reserving and capital modelling tools, approaches and add-value proposition
11. Model and coordinate inputs to parameter updates
12. Enhance the monitoring, MI and communication of key risks
13. Ensure best practice and compliance with all applicable regulatory requirements
Qualifications, Education & Experience:
1. Nearly/Qualified Fellow of the SAI/IFoA or similar
2. Bachelor’s degree or higher in Maths, Engineering, Accounting, Economics, Statistics, Business or a similar field
3. In-depth P&C knowledge and experience of GI reserving
4. Detailed knowledge of European market practices, modelling and datasets to support best in class developments and collaboration within the EII actuarial centre of excellence
5. Excellent IT skills, MS Excel, SQL, Power BI and ResQ
6. Strong reserve and reserve risk modelling
7. Standard formula modelling experience
8. Proven experience and success of actuarial transformation project delivery
9. Excellent organisational skills and a strong attention to detail
10. Ability to simply communicate modelling process and results with internal and external stakeholders, both verbally and through reports or presentations
11. Curious mind and self-starter. 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.
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.
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