Portfolio Management Actuary

Everest Re Group,; London; On-site; GBP 50,000 - 80,000; Full time

Job summary

An established industry player seeks a Portfolio Management Actuary to enhance pricing capabilities and support underwriting risk selections. This role involves leading the development of standards and frameworks, conducting portfolio reviews, and collaborating across teams to improve management information. The company fosters a unique and inclusive culture, emphasizing values such as collaboration and diversity. With a hybrid work schedule, this position offers a dynamic environment for professional growth and development. If you're passionate about analytics and actuarial science, this opportunity is perfect for you.

Benefits

Dynamic training & professional development

Tuition reimbursement programs

Mentoring opportunities

Flexible work arrangements

Colleague Resource Groups

Qualifications

• Bachelor's degree in actuarial science or similar required.
• Qualified actuary with proven experience in actuarial and pricing.

Responsibilities

• Lead the development of pricing capabilities and frameworks.
• Support portfolio performance reviews and data analysis.
• Collaborate with teams for MI and reporting on pricing.

Skills

Excel

Access

VBA

SQL

R

Python

Analytical Skills

Communication Skills

Collaboration Skills

Education

Bachelor’s degree in actuarial science

Qualified or nearly qualified actuary

Job description

Title: Portfolio Management Actuary

Company: Everest Advisors (UK), Ltd.

Job Category: Analytics

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 of 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 provide necessary training on rate adequacy frameworks.
• Present results to senior management.

Portfolio Reviews

• 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 and reserving to support pricing calibration and planning assumptions.
• Support queries on International business adequacy from within International, Group, or externally as appropriate.
• Support actuarial projects to improve data, processes, and 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.

Knowledge, Skills & Competencies:

• 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 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.

Type: Regular

Time Type: Full time

Primary Location: London