Chief Financial Officer, Legacy

Title:

Company:

Job Category:

Job Description:

About Everest
Everest is a global leader in risk management rooted in a rich 50 year heritage of enabling businesses to survive and thrive and economies to function and flourish. We are underwriters of risk growth progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders who care deeply about our impact on communities and the wider world.

Our Legacy Business

Join a team where dynamic thinkers turn complexity into opportunity. You will work at the crossroads of strategy analytics and execution tackling some of the most challenging and highimpact problems in the insurance industry. Here your ability to navigate multiple disciplines isnt just valued its essential.

The $5 billion Legacy business at Everest requires active forwardlooking discipline focused on resolving legacy liabilities and unlocking capital for the companys future growth. Youll play a direct role in reducing volatility strengthening market credibility and accelerating strategic value creation across the Group. Our environment challenges you to think fast adapt quickly and approach complex legacy portfolios with fresh ideas and datadriven insights. Youll work closely with claims actuarial finance reinsurance technology and operations building a uniquely broad and influential skill-set.

Position Summary

The Chief Financial Officer Legacy will ensure accuracy and consistency while implementing a proactive capital management process that enables the capital engine versus passive reporting on the portfolio. With dual reporting to the CEO Legacy Operations and EVP Finance you will play a crucial role in this newly established business ensuring timely and accurate financials and building tracking mechanisms for capital management.

Key Responsibilities

• Senior finance owner for the run-off P&L ensuring accuracy consistency and discipline across all financial reporting in compliance with GAAP regulatory requirements and internal control standards

• Own run-off specific financial reporting for the Board senior leadership and investors with clear articulation of performance drivers risks and forward-looking implications

• Build maintain and interpret financial models to support performance analysis business trend assessment and long-term planning for the run-off portfolio

• Own the analysis forecasting and governance of premium receivables and reinsurance recoverables including validation of outward reinsurance structures monitoring collections resolving disputes assessing realization risk and authorizing write offs where appropriate

• Partner with Treasury to forecast and monitor capital requirements capital release timing and the economics of branch wind down and legal entity closures

• Support modeling structuring and financial analysis for LPT and retrocession transactions and monitor the ongoing economics of executed deals

• Forecast monitor and control run-off expenses including staffing models outsourcing arrangements and underwriting related costs with clear variance analysis versus budget and prior periods and an expectation that expenses decline commensurate with the portfolios runoff profile

• Coordinate closely with Claims and Reserving to analyze reserve movements large loss activity and key drivers of period over period volatility run-off.

Required Experience

• Bachelors Degree (or equivalent degree) in Accounting and Finance

• Certified Public Accountant (or equivalent certification) preferred

• 10 years of experience in Corporate Finance or Accounting

• 5 years of Insurance/Reinsurance industry experience with direct run-off experience helpful but not required

• Global Insurance/Reinsurance industry experience a plus

• Strong analytical and problem-solving skills

• Highly skilled in math accounting and financial processes

• Excellent communication and interpersonal skills

• Detail oriented and highly organized

• Skilled in time management and the ability to prioritize tasks

• Excellent critical thinking skills

• Solid understanding of U.S. GAAP and the regulatory environment

• Strong relationship management and influencing skills

#LI-Hybrid

#LI-ED1

The base salary range for this position is $265000 - $330000 annually. The offered rate of compensation will be based on individual education experience qualifications and work location. All offers include access to a variety of benefits to employees including health insurance coverage an employee wellness program life and disability insurance 401k match retirement savings plan paid holidays and paid time off (PTO).

What if I dont 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 doesnt 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. 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. Inclusion and Belonging.
• 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.

Type:

Time Type:

Primary Location:

Additional 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

Everest U.S. Privacy Notice Everest ()