Vice President, Ceded Re

Title:

Vice President, Ceded Re

Company:

Everest Global Services, Inc.

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 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 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.

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

For NY and NJ Only: The base salary range for this position is $200,000 - $300,000 annually. The offered rate of compensation will be based on individual education, experience, qualifications and work location.

Role Purpose:

Everest Insurance has a Global Centralised Ceded Reinsurance department that manages the Ceded Strategy and Ceded Placement process for the Group. The Placement team is split into three pillars - First Party, Third Party and Specialty, to allow for specialisation between the classes of business protected and consistency in how we purchase reinsurance.

We are looking to recruit a Vice President, Third Party Reinsurance Buyer to own the Casualty and Financial Lines placements of the Group, managing the process from the early strategy conversations, through to handing off the executed deal to our operations and finance departments.

Key Accountabilities:

Reporting into the Chief Ceded Reinsurance Officer you will:

• Lead and oversee the planning and execution of the company's reinsurance purchases for Casualty and Financial Lines (Third Party).

• Collaborate with insurance leaders and the Group Hedging Committee to suggest reinsurance plans for the company's Third Party Insurance.

• Handle daily interactions with reinsurer brokers for Third Party placements, covering all stages from pre-placement to post-placement and feedback sessions.

• Develop and maintain key reinsurer relationships for Third Party placements, working alongside the Group's broader reinsurer connections.

• Assist the financial planning and analytics department to derive the Ceded Plan during the annual planning process for the Third Party contracts

• Support the Ceded Operations team in setting up Third Party contracts to ensure timely payment of premiums and collection of claims

• Collaborate with the Ceded Contracts team and Underwriting leadership to ensure Everest's required wording is included in all contracts, aiming for consistent treaty wording across Third Party placements.

• Work with the Ceded Reinsurance actuarial team to ensure all Third Party reinsurance contracts are modelled and aligned with the Group's risk appetite.

• Deliver best-in-class reinsurance outcomes for our insurance business

Professional Experience:

• 10 years of experience within a Ceded Reinsurance department.

• Proven knowledge and experience in the casualty and financial lines classes of business.

• Experience in both International and North America reinsurance markets.

• Excellent interpersonal skills, including the ability to build consensus and conduct effective negotiations as well as a high degree of proficiency in communication - both oral and written.

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.

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 employees complying with the PRA/FCA SM&CR Conduct Rules, at all times, and for those employees holding PCF and CF roles under the CBI Fitness and Probity Regime, complying with the CBI Conduct Standards.

The PRA/FCA and CBI Conduct Rules are as follows: to act with integrity; to act with due skill, care and diligence; to be open and co-operative with the dedicated regulators; to pay due regard to the interests of customers and treat them fairly and professionally; to observe proper standards if market conduct, and trading venue rules; 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 of 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 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:

New York, NY

Additional Locations:

Warren, NJ

Everest is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex (including pregnancy), sexual orientation, gender identity or expression, national origin or ancestry, citizenship, genetics, physical or mental disability, age, marital status, civil union status, family or parental status, veteran status, or any other characteristic protected by law. As part of this commitment, Everest will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact Everest Benefits at everestbenefits@everestglobal.com.

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