Capital Actuarial Analyst
Posted 19 Days Ago
Title:
Capital Actuarial Analyst
Company:
Everest Advisors (UK), Ltd.
Job Category:
Analytics
Job Description:
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 (EII) is a fast-growing division of Everest Insurance and part of a global group. EII consists of Everest Syndicate 2786, Everest Insurance Ireland, Singapore, Latam and Australia, with several related service companies and further branches planned.
It is an exciting time and an excellent opportunity to be joining EII during this expansion, which covers top line growth, products and increased geographies (European branches, Asia and Pacific). The Actuarial Function (Reserving and Capital) is instrumental in supporting this growth and longer-term ambitions, with significant investment and wider Group collaboration in establishing a best-in-class actuarial set up.
As part of the Everest Insurance journey, we are now fully in-housing the syndicate managing agent. The Actuarial Analyst role is to support the Head of Capital in establishing the capital modelling team and its capabilities, ensuring all governance and regulatory requirements are met.
The successful candidate will initially work closely with the existing managing agent to gain training in all aspects of the internal model, including:
The model itself.
Processes around parameterisation of the model.
Liaising with other Everest departments to source expert judgement.
Reporting from the model to support internal and external requirements.
Documentation of model, processes and governance.
This will make the successful candidate a key member of the capital modelling team in ensuring a successful in-housing of the syndicate managing agent. The role will provide the opportunity to help shape this new capital actuarial team in a growing and ambitious environment, with ample opportunity to collaborate and learn from others.
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 external validation of internal model.
Liaise 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.
Collaborating 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 audit, 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.
Professional Experience:
Making good progress towards actuarial qualification.
Lloyd’s internal capital model and governance experience preferable.
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.
Prefer internal capital model and Lloyd’s best practice requirements.
Ability to simply communicate modelling process and results with internal and external stakeholders, both verbally and through reports or presentations.
Ability to work independently and manage own workload.
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 (a) conduct our work, and (b) 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.
Type:
Regular
Time Type:
Full time
Primary Location:
London
Additional Locations:
N/A