About the role
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.
At Everest, we believe that our future is determined by the actions we take today. Actions that go beyond business strategy and encompass the values important to our employees and the communities in which we operate. Everest's value commitments include: providing an inclusive work environment that offers employees the opportunity to further their development, supporting our communities through the donation of time and financial resources, maintaining our integrity across all aspects of the group, and being an industry innovator to solve global complex risks.
Benefits
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).The way IW&S is structured provides ample opportunity to make a tangible impact on the day-to-day and future direction of the actuarial department, and personally play a critical role in its strategy, establishing and growing the IW&S actuarial capabilities and business partnering.Role Purpose:Approximately 60-70% of the role will focus on EIID, producing quarterly Solvency Capital Requirement (SCR) calculations under the Standard Formula and supporting the annual ORSA process through SCR and balance sheet projections for the base case and a range of stress scenarios.Key Accountabilities:Produce EIID quarterly SCR calculations under the Solvency II Standard Formula, including analysis, validation and clear documentation of movements.Deliver SCR and balance sheet projections for the annual ORSA process, covering base plan and multiple stress and reverse stress scenarios, and support the write-up of results.Support delivery of capital reporting to key stakeholders, including Group, senior management and regulators, ensuring accuracy, consistency and appropriate governance.Work with Finance, Risk and wider Actuarial teams to reconcile inputs, explain results and movements, and strengthen controls and documentation across the Solvency II capital process.Support the Lloyd's syndicate capital team in the running of the ReMetrica internal capital model, including routine production tasks, checks, and investigation of model movements.Help maintain and develop the capital model and supporting tooling, including implementing enhancements, improving efficiency/automation and maintaining robust model documentation.Develop tools and MI to support capital insights and decision-making, leveraging data and automation to improve timeliness, transparency and repeatability of deliverables.Ensure appropriate governance and compliance for all deliverables, including model change controls, peer review, audit trails, and adherence to internal policies and regulatory requirement
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Everest Re · London, UK