Vice President - Treaty Reinsurance / Warren, NJ, NYC, Philadelphia, Boston or Chicago
Everest Global Services, Inc.

Title:
Vice President - Treaty Reinsurance / Warren, NJ, NYC, Philadelphia, Boston or Chicago

Company:
Everest Insurance Company

Job Category:
Underwriting

Job Description:

It's an exciting time for Everest Re Group, Ltd. ("Everest")! As we continue on 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 nearly 50 years through subsidiaries in the Europe, Bermuda, Canada, 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 global leader in reinsurance with a broad footprint, deep client relationships, underwriting excellence, responsive service and 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 Moody's 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.

Job Summary

The Ceded Reinsurance department of Everest Insurance, a member of the Everest Re Group, Ltd. is looking for a Vice President - Treaty Reinsurance to join our team. The opportunity is open to the following offices: Warren, NJ, New York City, Philadelphia, Boston or Chicago.

Responsibilities include but not limited to:

• Manage the negotiation and placement of reinsurance treaties for Everest Insurance. Placement includes developing marketing materials and reinsurance submission packages that represent underwriting strategy and coverage needs to reinsurers and conducting marketing discussions with reinsurers.
  
• Assist in executing alternative reinsurance strategies including the placement and/or establishment of ILWs, CAT bonds and Side Cars.
  
• Assist the underwriting units in optimizing the use of reinsurance and alternative reinsurance, in support of the business strategy.
  
• Assist in the accounting for ceded premiums and losses and the pursuit of past due balance owed by reinsurers/retrocessionaires.
  
• Collaborate with various internal and external stakeholders (e.g. accounting, claims, actuarial, underwriting, intermediaries, reinsurers, etc.) to develop and drive seamless processes around ceded reinsurance.
  
• Ensuring compliance with local regulations, corporate/regional/legal entity reinsurance strategies, guidelines, and risk appetites and managing exceptions.
  

Qualifications, Education & Experience:

• A minimum of 10 years of progressive and relevant experience with an insurer, reinsurer or intermediary
  
• Has managed the placement process for treaties for various lines of business.
  
• Has been involved in planning for underwriting and reinsurance strategies.
  
• Has been involved in catastrophe and capital modelling and understands the technical aspects of these processes.
  
• Has executed an established process for treaty reinsurance purchasing and accounting.
  
• Prior interaction with Company senior management a plus.
  
• Professional designation (such as FCAS, CPCU, ARe) a plus
  

Knowledge, Skills & Competencies:

• Knowledge of different forms and structures for Treaty Reinsurance.
  
• Familiarity with alternative reinsurance structures (ILWs, CAT Bonds, Side Cars) and how they are used
  
• Knowledge of Treaty Reinsurance Contract language - what is standard and what is achievable in the market.
  
• Strong analytical skills.
  
• Strong technical communication skills - both written and verbal
  
• Strong technical competency - underwriting skills, accounting (GAAP and statutory), Office 365, Outlook, Teams.
  
• Collaborative - especially with internal business partners.
  
• Strong project management skills - extraordinarily well-organized and able to consistently meet tight deadlines.
  
• Strong negotiating skills
  

For NYC Only: The base salary range for this position is $200,000-$275,000 annually. The offered rate of compensation will be based on individual education, experience, qualifications and work location.

#LI-Hybrid

#LI-RS1

Type:
Regular

Time Type:
Full time

Primary Location:
Warren, NJ

Additional Locations:
Boston, MA, Chicago, IL, New York, NY, Philadelphia, PA

As an effective team member, employees at Everest Insurance must champion the Everest Insurance Culture:

• Collaboration: Open and transparent communication with customers and colleagues
• Thoughtful Assumption of Risk: Supporting the Everest goal of carefully writing profitable business by ensuring data quality, prompt and accurate feedback to Underwriters, and operational control throughout the enterprise.
• Execution: Delivering outstanding support to the organization through strong day-to-day business operations, effective project management, and careful oversight of vendors.
• Humility: Caring and respectful approach to service colleagues, customers, and the community.
• Leadership: By example, every day.

This job has expired.