Risk Manager Bermuda

The Risk Management function is critical to Enstar. The function's deliverables include, quarterly risk reports, annual regulatory risk reports such as the Group Solvency Assessments (GSSAs), Commercial Insurer's Solvency Self-Assessment (CISSAs) and Own Risk and Solvency Assessments (ORSAs) as well as other ad-hoc regulatory risk reporting. The Risk Function operates under the Enstar ERM Framework, which identifies key risks to the business.

The purpose of this role is support the execution of the Enstar ERM Framework within the Non-Life Run Off ("NLRO") entities, ensuring effective processes are in place to meet the requirements of the Board(s) and regulators. Specifically, this will entail the generation of accurate and timely risk reporting at Risk Committees and Boards as well as ad-hoc support for projects.

What you will be doing:

• Support the maintenance an appropriate infrastructure of risk management processes for managing and monitoring risk across all relevant entities.
• To support the maintenance and reporting on the risk appetite framework, ensuring the accuracy and appropriateness of information that is to be presented to senior management.
• Assist in the preparation of quarterly and annual risk reports. When assigned specific areas of responsibility this will include generating concise yet comprehensive summaries of key risk-related information to senior management (e.g., risk and control assessments, incidents, risk metrics).
• To provide the initial challenge of both the completeness and accuracy of material provided through the interpretation of the analysis/reporting materials provided, undertake trend analysis/interpretation of risk metrics within the wider Risk Appetite Framework incorporating other company specific or industry intelligence as appropriate.
• Support compliance with risk management regulatory requirements, and other risk management matters across the various jurisdictions in which we operate.
• Liaise, support, and report to wider Enstar Risk Management to ensure continued alignment with Group-wide ERM framework and objectives and ensure that up to date risk management information related to the entities is available to inform the Solvency Self-Assessment Process.
• Support in the oversight and challenge of an entities' systems, processes and controls in respect of risk management.
• Contribute to risk management projects/deep dives as directed by the Regional CRO and provide risk management input on other first-line led projects as appropriate.
• Support a culture of risk awareness within Enstar.
• In addition to the above key responsibilities, may be required to undertake other duties from time to time as may be reasonably required by Enstar.

What you will bring:

• At a minimum 4 years of insurance industry experience ideally within a risk management role.
• Experience in interacting with various levels of management.
• Experience in contributing in the preparation of materials for reporting to Management, Committees and Boards.
• Experience of working in a large, complex organisation a multidisciplinary, multi-regional team.
• The ability to work independently within a multidisciplinary, multi-regional team and collate materials from various contributors across the business.
• Project management skills to both coordinate and balance multiple reporting deadlines.
• Personable, confident, nature and experience in working in a user facing environment including presenting.
• Ability to identify key risk drivers and escalated to other team members as appropriate.
• Confidence to both identify and suggest opportunities to improve existing reporting processes as they arise and provide challenge as appropriate to other team members.
• Proactive in developing and maintaining positive working relationships with cross-functional team members at all levels.
• Excellent verbal and written communication and presentation skills including the ability to distil key risk information into concise and easy to understand reports.
• Excellent quantitative and analytical skills.
• Ability to listen and ask probing questions, be flexible yet decisive and to work effectively in a collaborative environment.
• Strong organisational skills, comfortable working under pressure and to tight deadlines.
• Insurance and/or risk management professional qualification is preferred, but not essential
• A good understanding of insurance terminology and the risks to which such companies are exposed.
• Good understanding and practical experience of Risk Management / ERM within the Insurance Industry
• An understanding of issues affecting the legacy insurance market and managing legacy business would be advantageous
• Awareness of risk management regulatory requirements with a focus in Bermuda and US jurisdictions and of risk management related legislation/policies/procedures/key standards of compliance and governance
• Broad understanding of any technology / systems specific to the role
• High level of proficiency in Microsoft suite of products including ability to build effective spreadsheets (excel) and generate high quality PowerPoint presentations

Who we are:

Enstar Group Limited ("Enstar" or "EGL") is a leading global insurance group and the world's largest standalone consolidator of legacy reinsurance business.

Through our network of group companies, we help others - principally other insurance companies - release capital by taking over liability portfolios which no longer make strategic sense for them to hold. We create value by better managing these legacy insurance portfolios and strive to generate attractive risk-adjusted returns from our investment portfolio.

Enstar's innovative re/insurance solutions help our partners to reduce risk, release capital, dispose of non-core businesses and portfolios, achieve finality and manage claims volatility. In return, Enstar drives earnings through savings arising from our technical excellence and from investment earnings on the reserves we hold.

With around 800 global employees, our network of group companies is positioned across the world's major insurance hubs and has significant presence in Bermuda, where our headquarters are located, the United States, the United Kingdom, continental Europe, and Australia.

Enstar's balance sheet strength is supported through flagship carrier, Cavello Bay, who benefits from strong financial strength ratings of "A" by Standard and Poor's and "A" Excellent with stable outlook by AM Best. Enstar held Shareholder's Equity of $6.1 billion as of 31 December 2024.

Acharacteristic that is core to our culture: we encourage an entrepreneurial spirit, our colleagues have autonomy to shape strategy, innovate new revenue streams and we reward those who are commercially focused.

NIMBLE

We are quick to respond to change. We embrace new technology and new lines of business according to market demands. We grasp new concepts quickly, are able to deliver in a timely manner and can improvise when needed.

SOLUTIONS FOCUSED

We are resilient, successful, have a winning mentality, possess a strong work ethic. We believe in getting it done.

TEAMWORK

Our strength is working together as a Group, across regions, companies and disciplines. We firmly believe the sum of our collective effort, knowledge and ambition will always outweigh our individual contributions. We work as a trusted partner to our clients.

AWARE

We use our knowledge and experience to stay aware of market trends, acquisition opportunities and other influencers that could impact us and our competitors. Our constant awareness means that we are vigilant, innovative and responsive.

RELEVANT

At all times we strive to undertake actions that are relevant to help us achieve our vision, and to ensure we remain a provider of relevant insurance solutions to the market. We have shown a capacity to evolve and will continue to do so in order to ensure our ongoing relevance to the market.

Equal Opportunities at Enstar:

Our annual Inclusivity Index puts Enstar ahead of the industry in terms of diversity and inclusivity. At Enstar, we value all types of diversity. We're an equal opportunity employer and believe that our diversity creates an authentic working culture. We don't discriminate on the basis of age, physical or mental disability, gender reassignment, marriage and civil partnership, pregnancy and carer status, race (including colour, nationality, and ethnic or national origin), religion or belief, sex and sexual orientation.Enstar is committed in providing an accessible recruitment experience for all those interested in working with us. Please let your Enstar Recruitment Partner know if you require any reasonable accommodation during the application process due to a disability to enable you to fully participate in our recruitment process.

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