Senior Vice President Chief Investment Officer
Senior Vice President Chief Investment Officer
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Job Description
Title:
Senior Vice President & Chief Investment OfficerCompany:
Everest Global Services Inc.Job Category:
FinanceJob Description:
Everest is a leading global reinsurance and insurance provider operating for nearly 50 years through subsidiaries in the Europe Bermuda Canada Singapore US Latin America 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 longterm value through underwriting excellence and strong risk and capital management. But the most critical asset in this organization is our people.
The Senior Vice President & Chief Investment Officer (CIO) at Everest is a key executive responsible for setting and executing the investment strategy for the firms investments within the Property & Casualty (P&C) insurance industry. The CIO oversees the management of the 40Bn global investment portfolio ensuring alignment with the companys financial goals regulatory requirements and overall business objectives.
This role is pivotal in driving the financial success of Everest by making informed investment decisions and managing risk effectively. This position reports into the Chief Financial Officer (CFO) based in Warren NJ. The work schedule is hybrid with a minimum of 3 days a week in the office. There is flexibility for working in the New York NY office periodically.
Key Responsibilities:
Investment Strategy Development:Create and oversee investment strategies that align with the companys financial goals and risk tolerance including the establishment of an Investment Policy Statement (IPS) and Strategic Asset Allocation (SAA) guidelines
Portfolio Management:Manage the companys investment portfolio ensuring diversification adequate credit quality and optimal returns either directly or through a team of investment professionals. This includes internally managed portfolios and externally managed portfolios
Risk and Liquidity Management:Identify assess and mitigate financial risks associated with investments while ensuring investment activities maintain adequate liquidity and support the organizations operational needs.
Market Analysis:Stay updated on market trends economic conditions and regulatory changes to make informed investment decisions.
Team Leadership:Lead and mentor a team of investment analysts and portfolio managers.
Performance Reporting:Compile and present regular reports on investment performance to stakeholders including executive management the Board investment committee and the Board of Directors.
Compliance:Ensure all investment activities comply with relevant regulations and standards following SAA guidelines approved by the Board of directors.
Stakeholder Communication:Clearly communicate investment strategies goals and expectations to Board members shareholders the investment committee regulators and other stakeholders.
External Collaboration:Work with external portfolio managers analysts and investors to source manage and monitor investments.
Budget and Planning:Manage the internal net investment income and general expense budgets and 5year plan processes including modeling revenue and expense forecasts. Develop the annual SAA guidelines.
Information Management:Enhance internal information management including dynamic uptodate dashboards.
New Portfolios and Strategies:Help establish new portfolios and investment strategies ensuring proper resource management.
Information Systems Initiatives:Lead information systems initiatives within the Investments domain.
Qualifications:
15 years of experience in investment management preferably within the P&C insurance industry.
Experience in a multinational insurance carrier is preferred.
Advanced degree in finance economics or a related field; MBA or CFA preferred.
Deep understanding of financial markets investment strategies and risk management principles.
Proven track record leading a team of investment professionals and managing external relationships.
Knowledge Skills & Competencies:
Specific qualities and attributes needed to perform the job:
A strong leader who is able lead manage and mentor a staff of 20 internal staff
Ability to operate in a dynamic and high paced environment with a sense of urgency
Adaptable and able to manage competing priorities
Strong analysis and problemsolving skills through the lens of a thoughtful assumption of risk
Strong written and oral communications skills. Ability to concisely provide executive summaries to executive leadership as needed.
Strategic collaborative and selfmotivated
Wellorganized with relentless attention to detail
Comfortable dealing with and leading teams in times of change and ambiguity
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. . Efficiency. Humility. Leadership. Collaboration. Diversity Equity and Inclusion.
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.
#LIHybrid
#LIED1
Type:
RegularTime Type:
Full timePrimary Location:
Warren NJAdditional Locations:
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
Required Experience:
Chief
Employment Type
Full-Time
