Actuarial Analyst II

Everest Re Group; Greater London; On-site; GBP 52,000 - 78,000; Full time

Job summary

Everest Re Group in London is seeking an actuarial reserving professional to support BAU and project initiatives within the IW&S actuarial team, owning key quarterly reserving processes and stakeholder reporting.

The role requires 2–4 years of actuarial reserving experience (London Market desirable but not essential), progress toward actuarial qualification, and the ability to work independently while collaborating across functions.

Qualifications

• Bachelor's degree in Maths, Actuarial Science, Economics, Statistics, or Business (or a similar field).
• 2–4 years actuarial reserving experience; London Market preferred but not essential.
• Progress towards actuarial qualification.
• Ability to work independently and collaboratively with others.

Responsibilities

• Own quarterly reserving processes for GAAP and Solvency II provisions.
• Assist in setting actuarial assumptions and methods.
• Provide results reporting to stakeholders, Group, Lloyd's, and regulators.
• Contribute to reserving discussions with underwriting, actuarial, claims, finance and reinsurance to improve underwriting results.
• Develop tools and outputs to leverage actuarial data and deliver MI to senior management.
• Ensure compliance with regulatory requirements.

Skills

MS Excel

SQL

Power BI

AI

Education

Bachelor's degree in Maths

Actuarial Science

Statistics

Business or similar field

Tools

None

Job description

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.

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 exhi