Bermuda Legal Jobs (NOW HIRING)

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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:

Enterprise Risk Management team has a requirement of a Risk Capital Modelling Director with experience in Bermuda Regulation. The role will support analytics at Everest Group across consolidating entities (Group, US and Bermuda).

The role will be part of the Financial Risk team and will work various stakeholders across the Group. This role is open to locations in Bermuda, New York City, London, Dublin or Warren, NJ.

Role & Responsibilities (include but not limited to):

Reviews of Regulatory Capital Calculations

• Conduct reviews of BSCR calculations for Group and US entities to support effective challenge of the first line.

• Maintain and enhance BSCR calculation tools (Excel, actuarial software, internal models) for accuracy and efficiency.

• Implement BMA rules and guidance as into processes and modelling solutions.

• Analyse changes in regulatory capital and BSCR ratio over time, considering underwriting, reserving, market, credit, and operational risks.

Capital and Risk Insights

• Deliver comprehensive analysis and insights on capital adequacy to inform business planning, determine risk appetite, and facilitate strategic decision-making.

• Conduct or support capital impact assessments across multiple scenarios and stress tests involving new products, business lines, or reinsurance structures.

• Explore capital optimization, including refining reinsurance strategies, legal entity structures, and intra-group transactions.

• Engage collaboratively with Risk Management, Finance, Actuarial and Investments teams to ensure alignment between regulatory capital, economic capital, ORSA/ERM frameworks like 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 and associated topics.

Governance Controls and Documentation

• Design and maintain robust controls around the endtoend BSCR process, including data validation, peer review, and sign-off procedures.

• Produce and maintain clear documentation for assumptions, methods, and limitations. Including process maps and user guides for the capital calculation tools, governance frameworks and control checklists, contribute to internal and external audit requests related to regulatory capital and actuarial processes.

• Develop and refine actuarial methodologies underlying BSCR calculations, such as Stress and scenario testing, aggregation of risks (correlation/matrix structures), parametrization (assumption development) of general insurance underwriting, market, credit, CAT (natural and man-made) and other risks (including Climate, Cyber and Mortgage) where relevant.

• Ensure actuarial models and tools comply with internal model governance standards, including documentation, version control, and validation protocols.

Qualifications & Experience

• Nearqualified or fully qualified actuary preferred (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 (re)insurance.

• 5+ years of direct, handson experience with Bermuda regulatory capital calculations, including BSCR, is strongly preferred.

• Familiarity with other regulatory regimes (e.g., Solvency II, US RBC, ICS) and ability to compare frameworks. Including experience with ORSA or similar enterprise risk management frameworks.

• Experience interacting with regulators, auditors or rating agencies is preferred.

The base salary range for this position is $116,000 - $150,000 annually. The offered rate of compensation will be based on individual education, experience, qualifications and work location. All offers include access to a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).

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. 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.

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