Everest
Risk Director
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Risk Director
Company: Everest Global Services, Inc.
Job Category
Risk Management
About Everest
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.
About the Role
The Enterprise Risk Management team requires a Risk Capital Modelling Director with experience in Bermuda Regulation to support analytics across consolidating entities within Everest Group (Group, US, and Bermuda). The role is primarily part of the Financial Risk team and will involve collaboration with various stakeholders across the group. Locations for this role include Bermuda, New York City, London, Dublin, or Warren, NJ.
Responsibilities (Including, but Not Limited To)
Regulatory Capital Reviews
- Reviews of Regulatory Capital Calculations
- Conduct reviews of BSCR (Best Estimate Solvency Capital Requirement) calculations for Group and US entities to support effective challenge of the first line.
- Maintain and enhance BSCR calculation tools (Excel, actuarial software) for improved accuracy and efficiency.
- Implement BMA (Bermuda Monetary Authority) rules and guidance in processes and modelling solutions.
- Analyze and consider changes in regulatory capital and BSCR ratios over time, including risk influences such as underwriting, reserving, market, credit, and operational risks.
Capital & Risk Insights
- Deliver comprehensive analysis and insights on capital adequacy to shape business planning, determine risk appetite, and facilitate strategic decision-making.
- Conduct (or support) capital impact assessments across multiple scenarios and stress tests, focusing on:
- New products
- Business lines
- Reinsurance structures
- Explore capital optimization strategies, including:
- Refining reinsurance strategies
- Legal entity structures
- Intra-group transactions
- Collaborate with Risk Management, Finance, Actuarial, and Investments teams to ensure alignment between:
- Regulatory capital
- Economic capital
- ORSA (Own Risk and Solvency Assessment) and ERM (Enterprise Risk Management)
- 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
- Associated regulatory capital topics
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Governance Controls & Documentation
- Design and maintain robust controls around the end-to-end BSCR process, ensuring:
- Data validation
- Peer review
- Procedures for sign-off
- Develop and maintain clear documentation including:
- Assumptions, methods, and limitations
- Process maps for capital measurement processes
- User guides for capital calculation tools
- Governance frameworks
- Control checklists
- Contribute to internal and external audits related to regulatory capital and actuarial processes.
- Develop and refine actuarial methodologies, including:
- Stress and scenario testing
- Aggregation of risks (correlation and matrix structures)
- Parametrization of general insurance risks (e.g., underwriting, market, credit, CAT (Catastrophecovering natural and man-made events), Climate, Cyber, and Mortgage)
- Ensure actuarial models and tools comply with internal governance standards such as:
- Documentation requirements
- Version control
- Validation protocols
Qualifications & Experience
Preferred qualifications include:
- A Near-qualified or fully qualified actuary (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 (_property & casualty) reinsurance.
- 5+ years of hands-on experience with Bermuda regulatory capital calculations, particularly BSCR, is strongly preferred.
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Additional preferred experience:
- Familiarity with other regulatory regimes (e.g., Solvency II, US RBC, ICS).
- Ability to compare regulatory frameworks across jurisdictions.
- Experience with ORSA or similar enterprise risk management frameworks.
- Experience interacting with regulators, auditors, or rating agencies.
Compensation & Benefits
- Base salary range: Typically $116,000 - $150,000 annually
- The final offer will be determined based on:
- Education
- Experience
- Qualifications
- Work location
- The final offer will be determined based on:
- A variety of benefits including:
- Health insurance coverage
- Employee wellness program
- Life and disability insurance
- 401(k) match
- Retirement savings plans
- Paid holidays and paid time off (PTO)
At Everest, if you do not meet every requirement perfectly but feel dedicated and passionate about the role, we encourage you to apply. This role may fit your qualifications or other potential opportunities may align with your skills. Let us know if you require accommodations throughout the process.
Our Culture
Our purpose is to provide the world with protection—helping clients and businesses to thrive, fueling economies, and creating sustainable value for our colleagues, shareholders, and communities. At Everest, we boast an inclusive and unique culture based on core values and behaviors:
Our Values
guida us in decision-making and ensure consistency across our operations:
- Talent
- Thoughtful assumption of risk
- Execution
- Efficiency
- Humility
- Leadership
- Collaboration
- Inclusion and Belonging
Colleague Behaviors
Define the way we operate and interact with each other:
- Respect everyone.
- Pursue better.
- Lead by example.
- Own our outcomes.
- Win together.
All colleagues are committed to upholding and supporting these values and behaviors daily.
Job Type
Regular
Work Type
Full Time
Primary Location
Bermuda
Additional Locations
(Applicants may be based at one of the following locations as applicable)
- Dublin, Ireland
- London
- New York, NY
- Warren, NJ
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