Portfolio Management Actuary

Title:

Portfolio Management Actuary

Company:
Everest Advisors (Uk), Ltd.

Job Category:
Analytics

Location:

London

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.

Everest International GWS is the International general insurance operating division of Everest Group. With around $1.5 bil 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.

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.

• 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

• 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.

• 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 trainings on rate adequacy frameworks
• Present results to senior management

• 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

• 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

• 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.

• 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

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.