Portfolio Management Actuary

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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 $1.5bil 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 in 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 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 trainings 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 behaviors. Click here to learn more about our culture. 

• Our Values are the guiding principles that inform our decisions, actions and behaviors. 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 Behaviors 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 behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve. 

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