Delegated Underwriting Authority Governance Manager

It’s an exciting time for Everest Re Group, Ltd. (“Everest”)! As we continue on our journey, we see significant opportunity ahead of us to expand our reach and enhance our capabilities in critical markets. Everest is a leading global reinsurance and insurance provider, operating for over 50 years through subsidiaries in Bermuda, Canada, Europe, Singapore, the US, and other territories. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. But the most critical asset in this organization is our people. At Everest, we are committed to the development of our people. We offer dynamic training & professional development to our employees. You will benefit from career development and learning opportunities that will let you set career goals and fulfill them, including:

• Generous tuition/continuing education reimbursement
• Mentoring opportunities
• Flexible work arrangements
• Talent development initiatives
• Networking groups

This position will be based in our London office with a hybrid schedule that has the option of working two days remotely each week.

Team Overview: The Delegated Underwriting Team (DU) at Everest is responsible for adequately onboarding and managing third-party relationships. We service our underwriting function to enable the offering of a diversified distribution solution to the underwriting portfolio. Governance and oversight of each of the facility arrangements ensure regulatory adherence, operational effectiveness, and Everest risk appetite are paramount to the strategic objectives of DUA at Everest.

Role Purpose: As an integral member of the Delegated Underwriting Post Bind Team, you will report to the Head of Delegated Underwriting Authority Operations, UK&I, and work with a team of 5 where you will be responsible for managing governance of Delegated Underwriting facilities, relationships, and conducting review meetings with Coverholders and Underwriters, ensuring that all relevant management, administration, and reporting for outsourcing is in place and effective. Coverholder/MGA Audit Management will form part of the governance oversight, providing operational metrics and outcomes to the DUA MI and Reporting Manager for Committee purposes and Management Information.

Key Accountabilities:

• Partnering with both internal and external stakeholders in the overall management of DU facilities written from both a regulatory and governance standpoint, and report to other DU team members or key stakeholders, to enrich management information and reporting performance indicators for Overview Committees.
• Working with the DU facilities directly, including the Underwriting Divisions internally, to manage and maintain positive relationships to achieve desired operational outcomes.
• Maintaining and administering Third Party Risk Management Outsourcing Register(s) with accurate and up-to-date information.
• Managing all DU audits. Discover, scope, plan, and track all responses to audit queries and requests while maintaining the audit register and creating accurate reporting to various Committees.
• Supporting the document review of due diligence files, managing stakeholder expectations alongside DU Partnerships, within a first line of defence capacity.
• Ensuring that any changes to regulatory requirements are reflected in system changes and within the DU Framework and report.

Professional Experience: Delegated Underwriting experience with a Lloyd’s Managing Agent, Insurance Co., or MGA. Experience in operational Delegated Underwriting Authority or Syndicate/Company Market underwriting support role.

Skills, Abilities & Competencies:

• Outstanding communication, both written and verbal.
• Ability to think proactively and offer solutions to problems.
• Proven ability to prioritise and deliver in a timely manner.
• Extensive technology experience including PAS, DMS, Workflow, and MS Office suite.
• Use of Management Information tools, including Delegated Audit Manager (DAM).

Everest Values and Behaviours: Our recruitment practices assess candidates’ behaviours, competencies, and capability to ensure they are fit to fulfil their roles and carry out their duties with a high degree of integrity and commitment. Through our organisation values and colleague behaviours, we encourage cultivating a positive ethical culture, meeting our regulatory requirements and conduct standards by ensuring clear lines of responsibility, accountability, and a focus on fair customer outcomes. This includes employees complying with the PRA/FCA SM&CR Conduct Rules at all times, and for those employees holding PCF and CF roles under the CBI Fitness and Probity Regime, complying with the CBI Conduct Standards. The PRA/FCA and CBI Conduct Rules are as follows: to act with integrity; to act with due skill, care, and diligence; to be open and co-operative with the dedicated regulators; to pay due regard to the interests of customers and treat them fairly and professionally; to observe proper standards of market conduct and trading venue rules; act to deliver good outcomes for retail customers.

Our values are the ideals we aspire to so that we can live up to the promise of our brand and underwrite opportunity for all of our stakeholders. They are the guiding principles that inform our decisions, actions, and behaviours. The role holder will be required to embrace the Everest Core Values: Talent, Thoughtful assumption of risk, Execution, Efficiency, Humility, Leadership, Collaboration, Diversity, Equity, and Inclusion. Our behaviours define how we operate: Respect Everyone, Pursue Better, Lead By Example, Own our Outcomes, and Win Together. All colleagues are held accountable for embodying our behaviours and are evaluated on these as part of their performance.