Private Equity Underwriter

Title:
Private Equity Underwriter

Company:
Everest Advisors (Uk), Ltd.

Job Category:
Underwriting

Job Description:
About Everest:
Everest Group, Ltd. (Everest), is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in North America, Latin America, the UK & Ireland, Continental Europe and Asia Pacific regions. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Our most critical asset is our people. We offer dynamic training & professional development to our employees. We also offer generous tuition/continuing education reimbursement programs, mentoring opportunities, flexible work arrangements, and Colleague Resource Groups.

About the Role:
To Support the development, marketing, relationship management (both client and broker) of our Private Equity relationships and portfolio.

Build and expand the UK and International Private Equity portfolio(s) in line with Everest International plans and underwriting strategy, whilst maintaining a focus on bottom line underwriting profit and delivery of Everest International plans.

Co-ordinate and drive the One Everest approach to Private Equity business relationships across the Everest organization.

Role & Responsibilities (include but not limited to):
- Working within the authority granted, writing a profitable book of Financial Lines business per the Everest International Underwriting guidelines.- To refer as appropriate risks exceeding prescribed underwriting authority.- Expand and maintain existing Private Equity Firms and Broker relationships along with other sources of distribution. Developing new relationships, where this is consistent with the objectives set in the Business Plan.- Developing and driving the cross-organizational Private Equity initiative by being a Single Point of Contact for Private Equity related deals.- Responsible for spearheading the direct communication with Private Equity Sponsors, brokers and other distribution/trading partners.- Strategically collaborate with underwriting and distribution leaders across all Everest products with respect to Private Equity Sponsors.- Develop and execute a business plan for Everest International through the utilisation all the available Everest resources to grow, develop and maintain a profitable book of Private Equity related business.- To liaise with the Claims Manager on claims related issues and participate in account and management reviews, as required.- To participate in the underwriting peer review process at weekly and monthly underwriting meetings, as required.- To contribute to the regular analysis and review of underwriting practices and procedures.- To work with the Everest Data Scientists to track all existing portcos connected to major Private Equity relationships.- Work with Distribution and Underwriting Management to heatmap core Private Equity sponsor networks and relationships to use as sales tools with the Underwriting teams.- Work with the Everest Data Scientists to build a platform in PEAK that is specific to the Private Equity relationships/sponsors.- To assist in the improvement of the management information systems, service standards, marketing materials, website and risk management and claims functions connected to the Private Equity relationships.- Effectively communicate with management on all issues both within and outside the Unit as needed.- Marketing Everest International in the UK through contributing to articles and representing Everest at conferences as speaker or panel member.- Collaborate with Everest colleagues in the International office locations, as well as in the United States.

Qualifications:
- Good understanding of underwriting in the UK and European insurance marketplaces.- In-depth knowledge and experience of Underwriting Financial Lines products.- Good knowledge of the Private Equity Industry and brokers.- Knowledge of relevant laws and regulations.

Knowledge, Skills & Competencies:
- Strategic skills - determines opportunities and threats through comprehensive analysis of current and future trends. Comprehends the big picture.- Judgment / decision making skills - ability to use logic rationality and objectivity in decision making.- Risk taking - ability to take calculated risks with favourable outcomes. Excellent negotiation skills.- Compliance - ability to ensure compliance with all internal and external management and regulatory controls.- Excellent market and product knowledge - maintain and develop market knowledge including competitor profiles and products.- Relationship building - ability to establish and maintain excellent relationships both internally and externally.- Leadership skills - ability to provide clear vision and strategy. Align, empower, and