Head of Capital Actuary

4 weeks ago

London, Greater London, United Kingdom TN United Kingdom Full time
Head of Capital Actuary - Managing Agent, LondonClient:

Everest Advisors (UK), Ltd.

Location:

London, United Kingdom

Job Category:

Finance

EU work permit required:

Yes

Job Reference:

20bf657dc67d

Job Views:

85

Posted:

22.01.2025

Expiry Date:

08.03.2025

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 Head of Capital role is to lead the Lloyd's establishment of the capital modelling team and its capabilities, ensuring all governance and regulatory requirements are managed and met. The in-housing will be on a prioritised basis, with required planning, vision and influence to support continual improvement for best practice standards and add-value proposition.

The successful candidate will work with autonomy in a supportive and encouraging environment. This will be suitable to someone looking to be empowered to take on ownership, make a tangible impact with the business and who enjoys collaborating with others.

The way EII 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 influencing, establishing and growing the EII actuarial capabilities.

As a key member of the actuarial team, you will be required to lead multiple deliverables, interactions and propose initiatives for future enhancements to drive forward.

Key Accountabilities:

  1. Lead the syndicate capital team's in-housing and continual build out of its capabilities.
  2. Support and provide oversight to non-syndicate EII capital requirements.
  3. Contribute to and lead capital discussions, including with the capital working party and Syndicate Board.
  4. Collaborate with other key stakeholders to support inputs and oversight to the capital review process and initiatives.
  5. Timely delivery and concise communication of internal and external reporting.
  6. Continuously improve analysis and outputs to ensure it is at the forefront of the industry in order to maintain commercial advantage.
  7. Quantitative inputs to the ORSA process and ad-hoc stress and scenario analysis.
  8. Coordination of and support to annual independent validation.
  9. Embed the internal capital model within the business and use for business decision-making (including reinsurance program design and underwriting).
  10. Support the Syndicate Chief Actuary in producing the actuarial function report.
  11. Develop and comply appropriate controls over model inputs, parameters, judgments and outputs.
  12. Ensuring best practice and compliance with all applicable regulatory requirements.
  13. Identifying, planning and leading the execution of future enhancements to the capital modelling tools, approaches and add-value proposition.
  14. 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.
  15. Modelling and coordinating inputs to parameter updates.
  16. Enhancing the monitoring, MI and communication of key limitations and proposals.

Professional Experience:

  1. Qualified Fellow of the Institute and Faculty of Actuaries (FIA) or similar.
  2. Significant Lloyd's internal capital model and governance experience.
  3. Proven management capabilities of capital teams and wider stakeholders (internal and external).
  4. Bachelor's degree or higher in Maths, Accounting, Economics, Statistics, Business or a similar field.

Skills & Abilities:

  1. Excellent IT skills, MS Excel, MS Access, SQL, Power BI and ResQ.
  2. Internal capital model and Lloyd's best practice requirements.
  3. Standard formula modelling.
  4. Excellent organisational skills and a strong attention to detail.
  5. Ability to simply communicate modelling process and results with internal and external stakeholders, both verbally and through reports or presentations.
  6. Ability to prioritise and rationalise capital model strategic initiatives, informed by detailed knowledge and support network.
  7. A flexible and enthusiastic approach to work with a strong appetite to network, learn and develop.

Competencies:

  1. The role holder will be required to embrace the Everest Core Values: Collaboration, Thoughtful Assumption of Risk, Execution, Humility and Leadership.
  2. 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.
  3. 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.

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.

Type:

Regular

Time Type:

Full time

Primary Location:

London

Please note that if you are NOT a passport holder of the country for the vacancy you might need a work permit.

#J-18808-Ljbffr

  • Capital Actuary

    5 days ago

    London, Greater London, United Kingdom HFG Insurance Recruitment Full time

    Consultant - GI Actuarial at HFG Insurance RecruitmentWe have partnered with one of the highest performing Lloyd's syndicates in the market to find them a Capital Actuary. This role is an exciting transformation project, looking for an actuary/analyst with internal model experience. This role is not limited to but includes:The opportunity to lead a team in...

  • Capital Actuary

    7 days ago

    London, Greater London, United Kingdom HFG Insurance Recruitment Full time

    We have partnered with one of the highest preforming Lloyd's syndicates in the market to find them a Capital Actuary. This role is an exciting transformation project, looking for an actuary/analyst with internal model experience. This role is not limited to but includes: The opportunity to lead a team in the transformation, with great support from the head...

  • Capital Actuary

    2 days ago

    London, Greater London, United Kingdom JR United Kingdom Full time

    Social network you want to login/join with:Capital Actuary (Transformation), LondonClient: HFG Insurance RecruitmentLocation: London, United KingdomJob Category: OtherEU work permit required: YesJob Views: 2Posted: 21.03.2025Expiry Date: 05.05.2025Job Description:We have partnered with one of the highest performing Lloyd's syndicates in the market to find a...

  • Capital Modelling Actuary

    4 days ago

    London, Greater London, United Kingdom HFG Insurance Recruitment Full time

    We have partnered with a speciality (re)insurer to find them an experienced Capital Modelling Actuary in a newly created role. This is a great opportunity to report directly into the Managing Agency Head of Capital and supporting Senior Management:Taking responsibility for the maintenance and running of the internal model, ensuring business needs are...

  • Capital Actuary

    2 weeks ago

    London, Greater London, United Kingdom Bolton Associates Full time

    Bolton Associates is working with an excellent Lloyd's syndicate that is seeking a nearly or newly qualified actuary to join their Capital Modelling team. In this role, you'll have the opportunity to focus on a variety of specialty risks while working on regulatory capital modelling and collaborating with key business units. You'll also benefit from...

  • Head of Capital

    4 weeks ago

    London, Greater London, United Kingdom High Finance (UK) Limited Full time

    We have partnered with a leading Lloyd's syndicate to find them a Head of Capital. This is the ideal role for a capital actuary/manager looking to take the next step in their career within a thriving actuarial team. This role is not limited to but includes :Leading the capital modelling team, taking control of LCR's and SCR'sBuilding new internal model from...

  • Capital Modelling Actuary

    2 weeks ago

    London, Greater London, United Kingdom Arthur Recruitment Full time

    Our client, a high-growth syndicate is seeking a nearly or newly qualified to join their Capital team. The role reports to the Head of Capital Modelling and will give you the opportunity to work closely with stakeholders across the actuarial function, underwriting, exposure management, finance, and operations. While the position primarily revolves around...

  • Capital Actuarial Analyst

    3 days ago

    London, Greater London, United Kingdom JR United Kingdom Full time

    Bolton Associates is working with a well-performing and growing specialty (re)insurer that is seeking a part-qualified actuarial analyst to support their capital modelling team.This role includes a variety of responsibilities and offers hands-on experience in capital modelling, from building, operating and maintaining the Tyche capital model to supporting...

  • Head of Capital Modelling

    2 weeks ago

    London, Greater London, United Kingdom Antaresunderwriting Full time

    There is an exciting opportunity for a Head of Capital Modelling to join our growing team.This role will be responsible for overseeing a diverse portfolio of models, offering a dynamic and stimulating environment, and immense personal and professional satisfaction. As Head of Capital, you'll play a critical role in driving the long-term success of the...

  • Head of Capital Management – 28182

    1 week ago

    London, Greater London, United Kingdom The Emerald Group Full time

    An excellent opportunity has arisen for a Head of Capital Management to join the P&C Capital Actuarial team.Location: London/ Hybrid workingCategory: CapitalType: PermanentKey Duties (including but not limited to):Manage the capital management function for the UK branch, overseeing capital and capitalisation activities, including management actions.Deliver...

  • Assurance Actuary

    5 days ago

    London, Greater London, United Kingdom Bruin Full time

    Working pattern: Hybrid (3 days per week on site)Assurance ActuaryOur client is a highly regarded firm seeking a Assurance Actuary to join a specialist first-line 'Assurance' team. The Assurance Actuary will primarily focus on ensuring the quality and robustness of actuarial reporting, methodologies, and assumptions, reviewing and challenging across various...

  • Senior Actuarial Trainee

    5 days ago

    London, Greater London, United Kingdom The Emerald Group Full time

    This role would be to join the actuarial student scheme, the first rotation for this role will be within the Capital and Liquidity team.Location: LondonCategory: ActuarialType: PermanentKey Duties (Including but not limited):Contribute to determining and managing the regulatory (Solvency II and LICAT, which is the Canadian solvency regime) and economic...

  • Senior Capital Actuary

    5 days ago

    London, Greater London, United Kingdom IGA Talent Solutions Full time

    IGA Talent are recruiting for a Capital Senior Manager / Director to join a market leader in providing actuarial services to the insurance industry in the UK & Bermuda. The role will work alongside genuine thought leaders in the profession and would suit an individual who is interested in propelling into a C-suite role in the future.The role will have a...

  • Head of Actuary

    2 weeks ago

    London, Greater London, United Kingdom Lawes Recruitment (UK) Limited Full time

    Job title: Head of Actuary Salary: £150,000 Location: 2 Days a week working in London PURPOSE OF ROLE Great opportunity with our client for a seasoned professional to lead the Actuarial team in Finance & Investment. As Head of Actuary, you'll shape policies, refine Reserving and Solvency II processes, and ensure compliance and financial...

  • Senior Actuary, Capital Modelling

    2 weeks ago

    London, Greater London, United Kingdom Lloyd's Full time

    Lloyd's is the world's leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market's brightest minds , working together for a braver world. Our role is to inspire courage, so tomorrow's progress isn't limited by today's risks. Our shared values: we are brave; we are stronger together; we do the...

  • Head of Actuary

    3 weeks ago

    London, Greater London, United Kingdom Lawes Recruitment (UK) Limited Full time

    Job title: Head of ActuarySalary: £150,000Location: 2 Days a week working in London PURPOSE OF ROLE Great opportunity with our client for a seasoned professional to lead the Actuarial team in Finance & Investment. As Head of Actuary, you'll shape policies, refine Reserving and Solvency II processes, and ensure compliance and financial stability. DAY TO...

  • Head of Actuary

    2 weeks ago

    London, Greater London, United Kingdom LAWES RECRUITMENT (UK) LIMITED Full time

    Job title: Head of ActuarySalary: £150,000Location: 2 Days a week working in London PURPOSE OF ROLE Great opportunity with our client for a seasoned professional to lead the Actuarial team in Finance & Investment. As Head of Actuary, you'll shape policies, refine Reserving and Solvency II processes, and ensure compliance and financial stability. DAY TO DAY...

  • Reserving Actuary

    3 weeks ago

    London, Greater London, United Kingdom HFG Insurance Recruitment Full time

    We have partnered with a market leading specialist insurer to find them a Reserving Manager, likely from a personal lines background or consultancy. This is a fantastic opportunity for someone from a personal lines reserving background to move closer to the Lloyd's/London market while keeping a focus on "retail" classes of business. The role includes but is...

  • Reserving Actuary

    2 weeks ago

    London, Greater London, United Kingdom HFG Insurance Recruitment Full time

    We have partnered with a market leading specialist insurer to find them a Reserving Manager, likely from a personal lines background or consultancy. This is a fantastic opportunity for someone from a personal lines reserving background to move closer to the Lloyd's/London market while keeping a focus on "retail" classes of business. The role includes but is...

  • Head of Motor Trade Underwriting

    2 weeks ago

    London, Greater London, United Kingdom The Actuary Full time

    New Vacancy - Head of Motor Trade UnderwritingUnited KingdomLloyd's MGAI am currently recruiting for a leading Lloyd's MGA who is seeking a Head of Motor Trade to join their growing business.This is a brand new role in the business and will be the first position to head up their new product line (Motor), focusing on the UK jurisdiction. My client is looking...