Portfolio Management Actuary

Portfolio Management Actuary

Full-Time 43200 - 72000 £ / year (est.) No home office possible
Everest Re Group,

At a Glance

  • Tasks: Support portfolio management and performance analysis in a dynamic insurance environment.
  • Company: Join Everest Advisors, a global leader in risk management with a rich heritage.
  • Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
  • Why this job: Gain unique insights into multiple lines of business while collaborating with senior management.
  • Qualifications: Bachelor's degree in actuarial science or related field; 5+ years of experience preferred.
  • Other info: Embrace a culture of collaboration, inclusion, and continuous improvement.

The predicted salary is between 43200 - 72000 £ per year.

About Everest

Everest is a global leader in risk management, rooted in a rich, 50+ year heritage of enabling businesses to survive and thrive, and economies to function and flourish. We are underwriters of risk, growth, progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders, who care deeply about our impact on communities and the wider world.

About the Role

Everest International GWS is the International general insurance operating division of Everest Group. With around $1.5 billion of premium, the division covers our London Wholesale and FAC business with lines spanning over – Property, Casualty, Financial Lines, Marine, Energy, Aviation, Industry Practices, Credit and Political Risks and A&H. This role is based in London, as part of our International Portfolio & Performance Management team, which supports portfolio management across all International operations and lines. It has a high commercial focus and is embedded within the business with daily interactions with our underwriting teams, actuarial functions and senior stakeholders.

This role represents a unique opportunity to work with and gain in-depth knowledge of multiple lines across multiple regions, work closely with underwriters and other actuarial functions across pricing and reserving, and will also have significant exposures to senior management, particularly with our International and Global executive teams.

Role Purpose

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

Key Accountabilities

  • 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.
  • Performance Board: support the Head of Portfolio and Performance Management to run the Performance Board which is the key framework of the portfolio & performance process at Everest International GWS, including setting agenda, providing insights, collating and presenting packs etc.
  • 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 on providing necessary training on rate adequacy frameworks; present results to senior management.
  • MI and Reporting: periodic price monitoring (RARC) reporting; rate adequacy reporting; work closely with Pricing, Reserving, Underwriting, Ceded, Claims, Finance and Exposure Management teams to pull together portfolio and performance metrics, reports and MI to inform business decisions.
  • Others: work with pricing, reserving to support pricing calibration and planning assumptions; support on queries on International business 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.
  • 5+ years of 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.

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: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.

Our Colleague Behaviours: 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.

Type: Regular

Time Type: Full time

Primary Location: London

Portfolio Management Actuary employer: Everest Re Group,

Everest Advisors (UK), Ltd. is an exceptional employer that fosters a collaborative and inclusive work culture, where employees are empowered to take ownership of their roles and contribute to meaningful outcomes. With a strong focus on professional growth, the company offers extensive opportunities for development within the dynamic field of risk management, all while being situated in the vibrant city of London, which enhances both personal and professional experiences.
Everest Re Group,

Contact Detail:

Everest Re Group, Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Portfolio Management Actuary

✨Tip Number 1

Network like a pro! Reach out to people in the industry, especially those at Everest. A friendly chat can open doors that applications alone can't.

✨Tip Number 2

Prepare for interviews by knowing your stuff. Dive deep into portfolio management and risk analysis. Show them you’re not just a candidate, but the candidate they need!

✨Tip Number 3

Practice your presentation skills. You might need to present findings to senior management, so being clear and confident is key. Grab a friend and do some mock presentations!

✨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 you’re genuinely interested in joining the team.

We think you need these skills to ace Portfolio Management Actuary

Actuarial Science
Mathematics
Statistics
Excel
Access
VBA
SQL
R
Python
Analytical Skills
Communication Skills
Collaboration Skills
Performance Management
Data Analysis
Problem-Solving Skills

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Portfolio Management Actuary role. Highlight relevant experience and skills that match the job description, especially in actuarial science and performance management.

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're excited about the role at Everest and how your background aligns with their values and mission. Keep it concise but impactful.

Showcase Your Technical Skills: Don’t forget to mention your proficiency in Excel, SQL, and any programming languages like R or Python. These are key skills for the role, so make sure they stand out in your application.

Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows your enthusiasm for joining the Everest team!

How to prepare for a job interview at Everest Re Group,

✨Know Your Numbers

As a Portfolio Management Actuary, you'll be dealing with a lot of data. Brush up on your technical skills, especially in Excel, SQL, and any programming languages like R or Python. Be prepared to discuss how you've used these tools in past roles to analyse portfolio performance or optimise pricing.

✨Understand the Business

Familiarise yourself with Everest Advisors' business model and the specific lines of insurance they cover. Knowing how different factors affect profitability in Property, Casualty, and other areas will help you engage in meaningful discussions during the interview.

✨Prepare for Scenario Questions

Expect questions that assess your problem-solving abilities. Prepare examples where you've had to analyse data, present findings, or make recommendations to senior management. Use the STAR method (Situation, Task, Action, Result) to structure your responses clearly.

✨Showcase Your Collaboration Skills

This role requires working closely with various teams. Be ready to share experiences where you've successfully collaborated across departments. Highlight your communication skills and how you've built trust with colleagues and stakeholders in previous positions.

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