Senior Manager, Delegated Underwriting Authority

Title:

Company:

Job Category:

Job Description:

It is an exciting time for Everest Re Group Ltd. (Everest)! As we continue our journey we see significant opportunity ahead of us to expand our reach build diversity and enhance our capabilities in critical markets.

Everest is a leading global reinsurance and insurance provider operating for over 50 years through subsidiaries in the Bermuda Canada Europe Singapore US and other territories. Our strengths include extensive product and distribution capabilities a strong balance sheet and an innovative culture. Throughout our history Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. But the most critical asset in this organization is our people.

At Everest we are committed to the development of our people. We offer dynamic training & professional development to our employees. You will benefit from career development and learning opportunities that will let you set career goals and fulfill them including:

Generous tuition/continuing education reimbursement

Mentoring opportunities

Flexible work arrangements

Talent development initiatives

Networking groups

Everest is a growth company with $14 Billion of Gross Written Premium Offering Property Casualty and specialty products among others through its various operating subsidiaries located in key markets around the world. Everest has been a globalleader in reinsurance with abroad footprint deep client relationships underwriting excellence responsive serviceand customized solutions. Our insurance arm draws upon impressive global resources and financial strength to tailor each policy to meet the individual needs of our customers.

Our financial strength is evident in Financial Agency Ratings of: A A. M. Best A S&P Global and A1 Moodys Investor Service. We are a market leader for our broad diversified income streams strong underlying underwriting performance with reduced volatility and strong cash flow. We take pride in being known in the industry as nimble entrepreneurial and responsive.

This position will be based in our London office with a hybrid schedule that has the option of working two days remotely each week.

Role Purpose:

Our Everest Global Markets (EGM) Operations team is dedicated to achieving excellence in Underwriting Support Delegated Authority and Credit Control both internally and with third-party processes and staff. Reporting into the Head of Operations UK&I this role will ensure our work aligns with the objectives of our Everest and Operations teams while guaranteeing our processes and controls are fit for purpose.

Key Accountabilities

In this role you will be responsible for the following:

• Strategy

  • Develop a control strategy to ensure compliance with regulatory requirements industry standards and company policies.

  • Proactively identify control gaps and create plans to address them enhancing our operational effectiveness.

  • Regularly update and review this strategy as a foundational tool to support the EGM Head of Operations.

• Audit & Risk Coordination

  • Lead EGM Operations risk self-assessments and audits including governance and the implementation of remedial actions.

  • Coordinate and manage the timely and effective closure of audit findings and remediation efforts for EGM and International Operations.

  • Contribute to operational training and standards development as needed.

• Control Implementation & Optimization:

  • Create and apply internal controls to reduce risks and improve operations.

  • Regularly check and adjust controls to ensure compliance and manage risks.

  • Ensure controls meet industry standards regulations and company policies.

  • Plan for control technology and automation.

• Complaints

  • Establish a target operating model for complaints handling covering resources processes policies and management information.

• Documentation of Controls

  • Document all operational controls in a consistent and prioritized manner to support standardization and best practices.

  • Keep materials updated with proactive and reactive changes so front-line staff are informed.

  • Improve processes to optimize workflow reduce waste and enhance effectiveness using feedback and data.

  • Collaborate with cross-functional stakeholders to ensure processes meet business needs.

  • Continuously identify and implement opportunities for process improvements focusing on efficiency scalability and risk management.

• Training & Support:

  • Work with International Operations Training & Standards to ensure front-line staff understand process and tool changes.

• Reporting:

  • Regularly report on the status of process improvements control implementations and compliance efforts.

Skills & Experience

You should have:

• A comprehensive understanding of the insurance life cycle including underwriting fulfilment back-end processing customer service finance and claims

• Experience within an Operations and Operational Change environments

• Knowledgeable in Governance Risk Management and Compliance

• A proven track record of driving cross-functional initiatives and enhancing governance frameworks.

• A detailed knowledge of insurance industry standards regulations and an understanding of how policies should reflect and support the business requirements.

• Demonstrated experience in fostering operational consistency.

• Driven to achieve significant change quickly.

Everest Values and Behaviours:

Our recruitment practices assess candidates behaviours competences and capability to ensure they are fit to fulfil their roles and carry out their duties with a high degree of integrity and commitment. Through our organisation values and colleague behaviours we encourage cultivating a positive ethical culture meeting our regulatory requirements and conduct standards by ensuring clear lines of responsibility accountability and a focus on fair customer outcomes.

This includes all staff complying with the PRA/FCA SM&CR Conduct Rules at all times. The Conduct Rules are as follows:

1) to act with integrity

2) to act with due skill care and diligence

3) to be open and co-operative with the FCA the PRA and other regulators

4) to pay due regard to the interests of customers and treat them fairly

5) to observe proper standards if market conduct and 6) act to deliver good outcomes for retail customers.

Our values are the ideals we aspire to so that we can live up to the promise of our brand and underwrite opportunity for all our stakeholders. They are the guiding principles that inform our decisions actions and behaviours. The role holder will be required to embrace the Everest Core Values: Talent Thoughtful assumption of risk Execution Efficiency Humility Leadership Collaboration Diversity Equity and Inclusion.

Our behaviors define how we operate: Respect Everyone Pursue Better Lead by Example Own our Outcomes and Win Together. All colleagues are held accountable for embodying our behaviors and are evaluated on these as part of their performance.

What if I dont 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 doesnt 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. Clickhereto learn more about our culture.

• Our Valuesare 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 Behaviorsdefine 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: