Chief of Reinsurance

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Its an exciting time for Everest Re Group Ltd. (Everest)! As we continue 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 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:

Continuing education

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 globalleader in reinsurance with abroad footprint deep client relationships underwriting excellence responsive serviceand 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 Moodys 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.

Key responsibilities:

• Reinsurance Accounting
  • Manage and oversee the reinsurance accounting across Latam.
  • Set up Treaties (Quota share Surplus Excess of Loss Automatic Facultative) and facultative reinsurance contracts in the ceded reinsurance accounting system (XL Pro and VT) including relevant contract details (e.g. aggregates retentions inuring coverage exclusions adjustable features etc)
  • Validate reinsurance contracts set up and calculation (e.g. QS RIPS adjustments premiums etc) in XL Pro ensuring consistency with the placement teams contract intention and contract documentations
  • Ensure and deliver timely quarterly financial reconciliations of ceded reinsurance related accounts in support of the Everest Groups consolidated US GAAP financial statements and local accounting and regulatory standards
  • Liaise closely with the Ceded buyers underwriting claims and actuarial departments to ensure the proper interpretation and recognition of complex reinsurance agreements.
  • Accounting of ceded balances held outside of XL Pro (e.g. manual adjustments)

• Reporting and Statements
  • Prepare and analyse financial reports related to reinsurance activities
  • Deliver management reporting as defined with the Head of International RI Accounting and International Financial Controller to guide reinsurance strategy.
  • Prepare on a timely basis ceded accounts bordereaux and recording of related ceded payable and recoverable amounts
  • Support the delivery of requested data to actuarial teams to meet reserving requirements and to Financial Reporting to meet local and regulatory reporting requirements.
  • Ensure timely collection and payment of ceded reinsurance balances
• Support the implementation of the Everest Insurance Ceded Reinsurance system for International (e.g. Europe (EIID and branches) Asia Pacific as well as Lloyds syndicate)
• Support the design implementation and maintenance of a consistent control framework which is compliant with Sarbanes-Oxley covering both reinsurance placement and accounting
• Support the design and implementation of a closing calendar and controls relating to the ceded reinsurance operations which meet International and Divisional quarterly closing calendar deadlines
• Support the Head of International RI Accounting to drive improvements to the ceded reinsurance accounting systems and processes.
• Ensure compliance with accounting standards regulations and internal policies related to reinsurance accounting
• To work closely with the Head of International RI Accounting on recurring and ad hoc requirements including audits Reinsurance MI documentations reconciliations.
• Assist in additional projects/tasks as assigned
• Request and review binding documentation for contractual placements to validate regulatory and taxes compliance.
• Request and review binding contractual documentation for placements Optional to validate regulatory compliance.
• Prepare and deliver information required by the regulatory entity -CMF- and external/internal auditors on optional programs contracts and coinsurance.
• Coordinate the correct reception and regulatory compliance of Counterpart Information: Organization charts E&O Policies Legal Representatives Residence Certificates and reinsurance tax process.
• Control and validate the FECU notes of the reinsurance financial statements in order to report reinsurance accounts/items complying with current regulations

Skills and experience:

• Qualified accountant or other related fields.
• Relevant experience in the Accounting Department of a property and casualty insurance or reinsurance company is strongly preferred
• Understanding of functions pertaining to ceded reinsurance accounting
• Knowledge/experience with Global XL Pro system or other RI system is highly desirable
• Knowledge of SQL is preferred
• Excellent PC skills; must be proficient in Microsoft Excel (e.g. PivotTables & VLOOKUPS)
• Strong analytical problem solving and technical skills
• Strong Interpersonal skills excellent oral and written communication skills. Confident in dealing with colleagues from different functions geographic locations and levels of seniority
• A self-motivated energetic individual keen to get involved in all areas and with a desire for continuous learning
• Strong organisational skills and the ability to effectively manage time and be able to multitask in an ever-changing environment

The role holder will be required to embrace the Everest Core Values: Agility Be a champion of company success Collaboration Development.

The Everest Core Values are the foundation upon which we (a) conduct our work and (b) conduct ourselves both internally with our colleagues and externally with clients/customers.

The Companys success and that of our employees begins with these values. All employees are expected to support and exhibit these values in their interactions with others and through their day-to-day responsibilities.

Everest is committed to recruiting and retaining the most talented individuals in the industry. We offer a dynamic work environment and a competitive compensation and benefit package which includes a Pension Scheme Medical Travel Loans Gym Subsidiary and Professional Qualifications Support.

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. Execution. 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.

Equal Opportunity Employment:

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 Talent Acquisition at 0 or

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