Company:
Everest International Insurance
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 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.
Why join:
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).
It is an exciting time and an excellent opportunity to be joining IW&S as the business focuses on developing and growing its wholesale and specialty book, investing in teams and systems under a global strategy. The Actuarial Function is instrumental in supporting and influencing the business and longer-term ambitions, with significant investment and wider Group collaboration in establishing a best-in-class actuarial set up.
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:
As Deputy Head of Actuarial Function, you will assist in the management, leadership and oversight of EIID’s actuarial team while also playing the role of a senior leader across the wider International actuarial team. Your role will entail robust oversight and collaboration to ensure the accuracy of technical provisions, capital modelling (SCR and ORSA) and contribute to the Actuarial Function Report and Opinions. Strong management skills to support the team and positively influence wider stakeholders is critical.
This role will manage the day-to-day operations of the actuarial team, with support and oversight from the Head of Actuarial Function/Chief Reserving Actuary (based in the Dublin office). In addition to playing a key role in enhancing the team’s capabilities, the candidate will have responsibility for owning and developing key aspects of the Actuarial team’s processes, stakeholder management, business reporting, capital setting and contributing to the strategic direction of the actuarial team.
The role is broad with exposure to a wide network of business stakeholders (finance, underwriting, claims and operations) and other actuarial functions (e.g. pricing and performance management), project development and quarter/off-quarter activities. The successful candidate will work with autonomy in a supportive and encouraging environment. This will be suitable for someone looking for a steep learning curve and being empowered to take ownership and make an impact on the business.
Key Accountabilities:
- Oversight and planning of EIID’s actuarial deliverables including GAAP reserving, Solvency II TPs, Actuarial Function Reports and Annual QRTs. SCR/ORSA (Standard Formula) capital oversight including driving model input and review, with support from the wider team.
- Management of a team of 3 actuaries (2 analyst and 1 qualified) based on Dublin.
- Setting of key actuarial assumptions and methods for both GAAP and SII purposes.
- Timely delivery and concise communication of internal and external (CBI, PRA) reporting.
- Quarterly reviews of reserves in respect of business written across international platforms.
- Undertake regular portfolio analysis of classes.
- Support the EIID Head of Actuarial Function by leading the production of the actuarial function reports and ORSA Opinion.
- Contribute and lead reserving discussions with underwriting, pricing, claims, finance, performance management and reinsurance to understand and improve underwriting results.
- Collaborate with pricing actuary’s and underwriters for sharing information, influencing and to support reserving/capital assumptions used.
- Continuously improve analysis and outputs to ensure it is at the forefront of the industry in-order to maintain commercial advantage.
- Develop, embedded and review appropriate controls over model inputs, parameters, judgements and outputs.
- As International Wholesale & Specialty (IW&S) continues to grow and evolve, the successful applicant will be heavily involved in the wider actuarial team’s journey and evolution to deliver quality tools and insights, which include:
- Identifying, planning and leading the execution of future enhancements to the reserving and capital modelling tools, approaches and add-value proposition.
- Modelling and coordinating inputs to parameter updates.
- Enhancing monitoring, MI and communication of key risks.
- Ensuring best practice and compliance with all applicable regulatory requirements.
- Key stakeholders include finance, all actuarial functions, underwriting, claims, IT, senior management, CBI and external audit.
- As Deputy Head of Actuarial Function, you will be expected to both lead by example and play an active role in supporting the wider actuarial team’s professional development.
- This role will be highly visible and integrated as part of the wider actuarial team, with opportunity to collaborate, learn and contribute across the functions and business.
Professional Experience:
- Qualified Fellow of the Institute and Faculty of Actuaries (FIA) or similar.
- Bachelor’s degree or higher in Maths, Accounting, Economics, Statistics, Business or a similar field.
- In-depth knowledge and experience of GI reserving and capital modelling approaches.
- Management experience (desirable), evidence of empowering and developing others.
Skills & Abilities
- Excellent IT skills, e.g. MS Excel, MS Access, SQL, Power BI and ResQ.
- Strong reserve and reserve risk modelling.
- Standard formula modelling.
- Excellent organisational skills and a strong attention to detail.
- Ability to simply communicate modelling process and results with internal and external stakeholders, both verbally and through reports or presentations.
- Ability to implement and apply strong financial controls in a simple framework.
- 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.
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.
- 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.
Type:
Regular
Time Type:
Full time
Primary Location:
Dublin, Ireland
Additional Locations:
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