Portfolio Management Actuary

Everest Advisors (UK), Ltd.; London; Hybrid; GBP 50,000 - 80,000; Full time

Job summary

Everest Advisors (UK), Ltd. seeks a detail-oriented actuarial professional to enhance pricing capabilities in London. The role involves developing frameworks for rate adequacy and collaborating with various teams to support robust decision-making. Candidates should possess strong analytical skills and preferably be qualified actuaries.

Benefits

Dynamic training & professional development

Generous tuition/continuing education reimbursement

Flexible work arrangements

Qualifications

• Qualified or nearly qualified actuary.
• Proven working experience in actuarial, pricing preferred.
• Strong ability to operate effectively at all levels.

Responsibilities

• Develop and improve pricing capabilities for underwriting.
• Support periodic monitoring and reporting on pricing.
• Collaborate across teams to support data and process improvements.

Skills

Technical skills

Analytical skills

Communication

Collaboration

Education

Bachelor’s degree in actuarial science, Mathematics, or Statistics

Tools

Excel

Access

VBA

SQL

R or Python

Job description

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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:

Consistent with Everest Group and External, regulatory, requirements, lead the definition of standards and frameworks, the development and continuous improvement of pricing capabilities (models, data sources, processes, systems, MI) to enable superior underwriting risk selections across all Everest International Classes of business and geographies.

To support performance management and key decisions, leverage and continuously improve MI in relation to planning, reinsurance purchase, underwriting appetite and risk management.

This position will be based in our London office with a hybrid schedule of working two days remote each week.

Role & Responsibilities (include but not limited to):

Rate Adequacy

Support development our rate adequacy measures and frameworks

Support to produce hurdle combined ratios at the level needed for the running of the International business, including expense and capital allocations as necessary

Support to embed the rate adequacy frameworks within company, systems and UW process

Help on providing necessary trainings on rate adequacy frameworks

Present results to senior management

Support portfolio performance and review packs on a periodic basis, and contribute to portfolio review discussions including data preparation, analysis and preparation of presentations

Work with teams to carry out deep dives as needed into portfolio profitability

Present results to senior management

MI and Reporting

Periodic price monitoring (RARC) reporting

Rate adequacy reporting

Work closely with Pricing, Reserving, Underwriting, Ceded, Risk, Claims and Finance teams to pull together portfolio and performance measures, reports and MI to inform business decisions

Additional responsibilities:

Work with pricing, reserving to support pricing calibration and planning assumptions

Support on queries on International business adequacy form within International, Group or externally as appropriate

Support actuarial projects to improve data, processes, systems

Qualifications:

Bachelor’s degree in actuarial science, Mathematics, Statistics, or similar

Qualified or nearly qualified actuary

Proven working experience in actuarial, pricing experience is preferred

Proficient in Excel, Access, VBA, SQL (with either R or Python skills desirable)

Strong technical and analytical skills

Strong communication and collaboration skills

Proven ability to operate effectively at all levels and gain the trust and confidence of colleagues and senior management

Ability to work across teams and regions

Ability to take ownership and work under own initiatives

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 to learn more about our culture.

Our Valuesare 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 Behaviorsdefine 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.