Reinsurance Underwriter - Financial Risk

Title:

Reinsurance Underwriter - Financial Risk

Company:

Everest Reinsurance (Bermuda), Ltd.

Job Category:

Underwriting

Job Description:

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

Everest Reinsurance (Bermuda) Ltd., a member of Everest Group Ltd., is seeking an Underwriter, Financial Risk Reinsurance, to join our Bermuda office. This role offers the opportunity to work across a diverse portfolio of Credit Risk Transfer (CRT), Significant Risk Transfer (SRT), mortgage, and specialty credit transactions while contributing to the profitable growth of a highly rated global reinsurer. As a leader and innovator in the credit risk transfer, mortgage, and structured risk solutions market.

Everest offers the opportunity to join a growing and dynamic team at the forefront of an evolving sector. This role provides meaningful exposure to complex transactions, international markets, and the opportunity to contribute directly to the continued expansion of our Financial Risk Reinsurance portfolio. If you have a background in financial risk re/insurance, particularly in credit, CRT/SRT, or mortgage-related solutions, this could be an excellent opportunity to join a global market leader and play a key role in the continued expansion of our Financial Risk portfolio. Working in a collaborative, fast-paced environment, you will be responsible for a diversified portfolio. Our ideal candidate will possess strong analytical and interpersonal skills, a global perspective, and the flexibility to travel as required.

Duties and Responsibilities:

• •Analyze and underwrite CRT, SRT, mortgage, and other financial risk transactions in partnership with senior underwriters and analysts.
• •Run cash flow models, aggregate exposure analyses, and portfolio reporting to support underwriting decisions.
• •Assist in the development and enhancement of pricing models, analytical tools, and risk assessment methodologies.
• •Prepare underwriting memoranda and referral documentation for management and committee review.
• •Collaborate closely with Actuarial, ERM, Claims, Finance, Financial Risk Leaders, and underwriting teams across North America and Europe.
• •Monitor portfolio accumulations, risk limits, collateral requirements, and overall adherence to risk appetite.
• •Maintain accurate underwriting and exposure data within internal management and reporting systems.
• •Support strategic initiatives, presentations, portfolio reviews, and other ad hoc projects.
• •Build and maintain strong relationships with brokers, cedants, and other key trading partners.

Minimum Qualifications, Skills and Experience:

• •3-5 years of experience in financial risks, banking, insurance, reinsurance, structured finance, or asset management.
• •Experience with CRT and/or SRT transactions including single name corporate and project finance credit analysis is highly desirable.
• •Strong understanding of residential, commercial, or multifamily mortgage credit analysis and structured finance solutions.
• •Bachelor’s degree in finance, economics, mathematics, risk management, actuarial science, or a related discipline.
• •Advanced proficiency with Microsoft Office applications, particularly Excel and PowerPoint; familiarity with AI-enabled productivity tools is preferred.
• •Experience with pricing, portfolio analytics, aggregation systems, and catastrophe/vendor models is advantageous.
• •Strong analytical, quantitative, communication, and relationship-management skills.
• •Demonstrated ability to work independently and collaboratively in a fast-paced environment.
• •Willingness to travel as required.

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. Click here to learn more about our culture.

• •Our Values are 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 Behaviors define 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:

Regular

Time Type:

Full time

Primary Location:

Bermuda

Additional Locations:

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