At a Glance
- Tasks: Lead the capital modelling team and ensure compliance with governance and regulatory requirements.
- Company: Join Everest, a global leader in reinsurance and insurance with an innovative culture.
- Benefits: Competitive salary, inclusive workplace, and opportunities for professional growth.
- Other info: Collaborative environment with a focus on learning and development.
- Why this job: Make a tangible impact on the actuarial department's strategy and future direction.
- Qualifications: Significant experience with Internal Models in Lloyd’s and strong analytical skills.
The predicted salary is between 43200 - 72000 £ 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 be joining 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
As part of the Everest Insurance journey, we fully in-housed the syndicate managing agent in 2025. The Senior Capital Actuary role is to support the Head of Capital in establishing the capital modelling team and its capabilities, ensuring all governance and regulatory requirements are managed and met. As a key member of this new team in Everest, the role will provide the opportunity to help shape the culture and processes of the team, and to collaborate with and learn from the wider actuarial team in IW&S. It will also involve training and guiding a junior capital analyst to learn best practices. Initially, the team’s focus was on moving the existing internal model in-house. Now this is complete, there will be a period of development to ensure the model fulfils the specific needs of Syndicate 2786 and any developing external requirements. This will be an exciting period to work in the team as we set ourselves up for a successful future.
The successful candidate will have significant experience working with Internal Models in Lloyd’s and be familiar with all the key external deliverables to satisfy Lloyd’s and the PRA’s requirement.
Key Accountabilities
- Become subject matter expert for syndicate internal model.
- Produce internal and external reporting from internal model.
- Analyse and communicate model results to ensure robust understanding of outputs and transparency to all stakeholders.
- Facilitate parameterisation of model using expert judgement from other Everest departments.
- Support internal and external validation of internal model.
- Collaborate with reinsurance department to support RI purchasing.
- Liaise with underwriting and pricing to support capital allocation for pricing new business.
- Develop clear and relevant MI reporting tools.
- Run scenarios and stress tests to support business decision making.
- Support the Syndicate Chief Actuary in producing the actuarial function report.
- Apply appropriate controls over model inputs, parameters, judgments and outputs.
- Collaborate with pricing, reserving and exposure management to ensure synergies across processes and teams, supporting efficiency, cross-learning and increased capacity for add-value tasks.
Key stakeholders include risk, finance, group capital management, Lloyd’s, external validator, actuarial, Syndicate Board and senior management. This role will be integrated as part of the wider actuarial team, with opportunity to collaborate, learn and contribute across the functions and business.
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 Actuary 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 Actuary in London
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Everest through LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by diving deep into Everest's culture and values. Show us how your experience aligns with our mission of providing protection and creating sustainable value. We love candidates who resonate with our ethos!
✨Tip Number 3
Practice your technical skills! As a Senior Actuary, you'll need to demonstrate your expertise in internal models. Brush up on your knowledge and be ready to discuss how you've tackled similar challenges in the past.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows us you’re genuinely interested in joining the Everest team.
We think you need these skills to ace Senior Actuary in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Actuary role. Highlight your experience with internal models and any relevant regulatory knowledge. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're excited about joining Everest and how you can contribute to our actuarial team. Be genuine and let your personality come through.
Showcase Your Achievements:Don’t just list your responsibilities; showcase your achievements! Use specific examples of how you've made an impact in previous roles, especially in areas like capital modelling or stakeholder communication.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on being part of our team!
How to prepare for a job interview at Everest Re Group
✨Know Your Numbers
As a Senior Actuary, you'll need to demonstrate your expertise in capital modelling and internal models. Brush up on the specifics of your past experiences with these models, and be ready to discuss how you've applied them in real-world scenarios. This will show that you can hit the ground running.
✨Understand the Business
Familiarise yourself with Everest's structure and the role of the IW&S division. Knowing how the actuarial function supports the overall business strategy will help you articulate how you can contribute to their goals. Be prepared to discuss how your skills align with their focus on underwriting excellence and risk management.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities, especially around stress testing and scenario analysis. Think of examples from your previous roles where you successfully navigated complex situations or made data-driven decisions that impacted the business positively.
✨Showcase Collaboration Skills
Collaboration is key at Everest, so be ready to share examples of how you've worked effectively with cross-functional teams. Highlight any experience you have in training or mentoring others, as this aligns with the role's responsibility of guiding a junior analyst.
