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.
- Other info: Embrace a culture of collaboration, respect, and continuous improvement.
- Why this job: Gain unique insights into multiple insurance lines while collaborating with senior management.
- Qualifications: Bachelor’s degree in actuarial science or related field; 5+ years of experience preferred.
The predicted salary is between 60000 - 80000 £ 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 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.
Portfolio Management Actuary employer: FHLB Des Moines
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.
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 or insights, so being able to communicate clearly and confidently is key. We all know first impressions matter!
✨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
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 portfolio management.
Craft a Compelling Cover Letter:Your cover letter should tell your story! Explain why you're excited about this role at Everest and how your background aligns with their values and mission. Be genuine and let your personality shine through.
Showcase Your Technical Skills:Since the role requires proficiency in Excel, Access, VBA, and SQL, make sure to mention any relevant projects or experiences where you've used these tools. If you have R or Python skills, don’t forget to include those too!
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 your enthusiasm for joining our team!
How to prepare for a job interview at FHLB Des Moines
✨Know Your Numbers
As a Portfolio Management Actuary, you'll need to be comfortable with data. Brush up on your Excel, SQL, and any relevant programming skills 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 and their approach to risk management. Understand their lines of business and how they interact. This will help you speak confidently about how you can contribute to their goals and align with their values during the interview.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities. Think of specific examples where you've had to analyse data, present findings, or make recommendations. Use the STAR method (Situation, Task, Action, Result) to structure your responses clearly.
✨Showcase Your Collaboration Skills
This role involves working closely with various teams, so highlight your experience in cross-functional collaboration. Be ready to share examples of how you've built relationships with underwriters or senior management and how that has positively impacted your work.
