At a Glance
- Tasks: Drive actuarial initiatives and collaborate with finance, claims, and underwriting teams.
- Company: Join Everest, a leading global Reinsurance and Insurance organisation with an innovative culture.
- Benefits: Enjoy competitive salary, professional development, and a supportive work environment.
- Other info: Embrace a culture of collaboration, inclusion, and continuous learning.
- Why this job: Make a tangible impact in a dynamic team while growing your actuarial skills.
- Qualifications: Nearly or newly qualified Fellow of the Institute and Faculty of Actuaries (FIA) or similar.
The predicted salary is between 36000 - 60000 £ per year.
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 join IW&S as the business focuses on investing 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.
Role Purpose: To help support and drive forward BAU and project initiatives, working collaboratively with other members of actuarial, finance, claims and underwriting teams. The role will have a broad remit across legal entities, actuarial disciplines, and quarterly reserving as well as project work and tools development. The candidate will have responsibility for owning key aspects of the quarterly reserving process, stakeholder management, syndicate reporting, inputs/validation to capital setting and working with the Actuarial Management team on analysis to generate and support reserving results and performance insights.
The successful candidate will work with autonomy in a supportive and encouraging environment. This will be suitable for someone who is entrepreneurial and is looking to be empowered to take on ownership, make a tangible impact with the business and who enjoys collaborating with others. This is a great opportunity for personal growth and development!
Key Accountabilities:
- Production of syndicate deliverables and development of wider IW&S actuarial capabilities.
- Quarterly reviews of reserves in respect of business written across international platforms including support setting of key actuarial assumptions and methods for both GAAP and SII purposes and reporting of results to key internal stakeholders, auditors, Group, Lloyd’s and PRA.
- Contribute to reserving and capital discussions with underwriting, pricing, claims, finance and reinsurance to improve underwriting results.
- Contribute to actuarial analysis which supports the business planning process and communicate the results to internal and external stakeholders.
- Undertake regular portfolio analysis of classes and inputs to the performance board.
- Collaborate with pricing actuaries and underwriters for sharing information, influencing and to support actuarial assumptions used.
- Ensure compliance with all regulatory requirements.
- Develop tools and outputs to leverage reserving data to inform underwriting performance. Deliver insights and valuable MI to key stakeholders and senior management to ensure it is at the forefront of the industry and maintain commercial advantage.
- Support the production of the actuarial function component reports.
- Develop and comply with appropriate controls over model inputs, parameters, judgements and outputs.
As IW&S continues to grow and evolve, the successful applicant will be heavily involved in the wider actuarial team’s journey and evolution to deliver quality tools and insights, which include:
- Identifying, planning and leading the execution of future enhancements to the reserving and capital modelling tools, approaches and add‑value proposition.
- Modelling and coordinating inputs to parameter updates.
- Business partnering (product, portfolio reviews, entity forums), underpinned by clear, commercial MI insights.
This role will be highly visible and integrated as part of the wider actuarial team, with opportunity to collaborate, learn and contribute across the functions and business.
Professional Experience:
- Nearly or Newly qualified Fellow of the Institute and Faculty of Actuaries (FIA) or similar.
- Knowledge and experience of GI reserving and capital modelling approaches.
- Experience of Lloyd’s reporting.
- Proven ability of working independently and collaborating with others.
- Bachelor’s degree or higher in Maths, Accounting, Economics, Statistics, Business or a similar field.
Skills & Abilities:
- Excellent IT skills, MS Excel, SQL, Power BI and ResQ.
- Strong reserving skills and model building experience.
- Excellent organisational skills and a strong attention to detail.
- Keen desire to learn, develop and collaborate with others.
- 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 network, 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 conduct our work, and 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 exhibit these values in their interactions with others and through their day‑to‑day responsibilities.
What if I don’t meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn’t align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.
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 behaviours.
Our Values are the guiding principles that inform our decisions, actions and behaviours. 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. Inclusion and Belonging.
Our Colleague Behaviours 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 behaviours across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.
Senior Actuarial Analyst in London employer: Everest Re Group
Everest Advisors is an exceptional employer, offering a dynamic and inclusive work environment that prioritises employee development and community impact. With a strong commitment to innovation and collaboration, employees have the opportunity to engage in strategic projects that drive growth and create sustainable value. Located in London, a global financial hub, team members benefit from a vibrant culture and access to diverse professional networks, making it an ideal place for meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Actuarial Analyst in London
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We think you need these skills to ace Senior Actuarial Analyst in London
Some tips for your application 🫡
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How to prepare for a job interview at Everest Re Group
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Everest Re Group.
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