Risk Director

Risk Director

Everest Global Services, Inc. is seeking a Risk Capital Modelling Director with experience in Bermuda Regulation. The role will support analytics at Everest Group across consolidating entities (Group, US and Bermuda).

The role will be part of the Financial Risk team and will work various stakeholders across the Group. This role is open to locations in Bermuda, New York City, London, Dublin or Warren, NJ.

• Conduct reviews of BSCR calculations for Group and US entities to support effective challenge of the first line.
• Maintain and enhance BSCR calculation tools (Excel, actuarial software, internal models) for accuracy and efficiency.
• Implement BMA rules and guidance as into processes and modelling solutions.
• Analyse changes in regulatory capital and BSCR ratio over time, considering underwriting, reserving, market, credit, and operational risks.

• Deliver comprehensive analysis and insights on capital adequacy to inform business planning, determine risk appetite, and facilitate strategic decision-making.
• Conduct or support capital impact assessments across multiple scenarios and stress tests involving new products, business lines, or reinsurance structures.
• Explore capital optimization, including refining reinsurance strategies, legal entity structures, and intra-group transactions.
• Engage collaboratively with Risk Management, Finance, Actuarial and Investments teams to ensure alignment between regulatory capital, economic capital, ORSA/ERM frameworks like risk appetite and stress testing activities.
• Effectively communicate complex regulatory capital concepts to non-actuarial stakeholders, such as senior management, in a clear and concise manner.
• Facilitate training and knowledge transfer within actuarial and risk teams regarding BMA capital requirements and associated topics.

• Design and maintain robust controls around the end-to-end BSCR process, including data validation, peer review, and sign-off procedures.
• Produce and maintain clear documentation for assumptions, methods, and limitations. Including process maps and user guides for the capital calculation tools, governance frameworks and control checklists, contribute to internal and external audit requests related to regulatory capital and actuarial processes.
• Develop and refine actuarial methodologies underlying BSCR calculations, such as Stress and scenario testing, aggregation of risks (correlation/matrix structures), parametrization (assumption development) of general insurance underwriting, market, credit, CAT (natural and man‑made) and other risks (including Climate, Cyber and Mortgage) where relevant.
• Ensure actuarial models and tools comply with internal model governance standards, including documentation, version control, and validation protocols.

• Near‑qualified or fully qualified actuary preferred (e.g., FIA, FSA, FCIA, FCAS, FIAA, AIA, ASA, ACIA, ACAS, AIAA, or equivalent).
• Bachelor’s or Master’s degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related quantitative discipline.
• 10+ years of actuarial experience in P&C (re) insurance.
• 5+ years of direct, hands‑on experience with Bermuda regulatory capital calculations, including BSCR, is strongly preferred.
• Familiarity with other regulatory regimes (e.g., Solvency II, US RBC, ICs) and ability to compare frameworks. Including experience with ORSA or similar enterprise risk management frameworks.
• Experience interacting with regulators, auditors or rating agencies is preferred.

The base salary range for this position is $116,000 - $150,000 annually. The offered rate of compensation will be based on individual education, experience, qualifications and work location. All offers include access to a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).

Type:
Regular

Time Type:
Full time

Primary

Location:

Bermuda

Additional Locations:
Dublin, Ireland, London, New York, NY, Warren, NJ