Vice President, Head of Ceded Reinsurance Accounting - North America
Everest Global Services, Inc.

Title:
Vice President, Head of Ceded Reinsurance Accounting - North America

Company:
Everest Insurance Company

Job Category:
Finance

Job Description:

About Everest:

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.

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 Accounting Team of Everest Insurance, a member of the Everest Re Group, Ltd. is looking for a Vice President, Head of Ceded Reinsurance Accounting - North America for our growing Insurance business. This role will report to the Global Head of Ceded Reinsurance Accounting and the North America CFO and will be based in Warren NJ, working a hybrid schedule of 3 days in the office and 2 days remote. This leader should have strong team-building and problem-solving skills, as well as a focus on effective execution. This role is critical to the ever-growing insurance segment and will have a strong influence within the finance function.

Responsibilities include but not limited to:

• Oversee the overall ceded reinsurance accounting functions and processes of Everest Insurance - North America®
  
• Liaise closely with other leaders of Finance, Ceded Reinsurance, Corporate Underwriting, Claims and Insurance Leadership on various aspects of Ceded Reinsurance Accounting functions
  
• Preparation and review of the quarterly and annual statutory schedules required by the NAIC including managing the annual Schedule F process.
  
• Drive improvements to the Ceded Reinsurance accounting system to facilitate seamless/efficient processes in handling complex reinsurance.
  
• Own and drive robust quality assurance process for treaty and facultative contracts
  
• Develop and manage ceded reinsurance performance metrics and KPIs that will be shared with key stakeholders.
  
• Hands-on supervision of a talented team performing functions including but not limited to:
  
• Setting up treaty and facultative reinsurance contracts in the ceded reinsurance accounting system.
  
• Preparation, issuance and reconciliation of reinsurer/broker accounts including monthly/quarterly bordereaux, reinsurer statements, billing, loss recoveries etc.
  
• Timely management and settlement of ceded premiums and collection of ceded losses.
  
• Monitor financial stability of reinsurers, analyze security requirements, and maintain appropriate level of financial security; maintenance of Letters of Credit / Trust Funds.
  
• Interpretation of complex ceded reinsurance contracts to ensure the accuracy of financials and account statements.
  
• Generating and review of general ledger journal entries, account reconciliations.
  

Qualifications, Education & Experience:

• Minimum 15 years of experience in Ceded Reinsurance accounting and at least 5 years of experience managing Ceded Reinsurance Accounting operations or similar function.
  
• ARe or CPCU credential preferred.
  
• Strategic thinker; strong leadership skills.
  
• Strong problem-solving skills, change management experience, and positive attitude.
  
• Capable of executing change and influencing others to adopt new practices.
  
• Results-oriented mind, detailed and proven track record of driving ideas and projects to completion.
  
• Expert level knowledge of ceded reinsurance accounting practices and processes and reinsurance contract language.
  
• Robust knowledge and experience in quarterly and annual financial close process.
  
• Knowledge of different forms and structures for treaty / Facultative reinsurance.
  
• Strong project management skills - extraordinarily well-organized.
  
• Strong analytical and technical communication skills (verbal and written).
  
• Strong technology skills.
  
• Minimum of a Bachelor's degree in Accounting, Finance, Economics or another related field.
  

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. Diversity, Equity and Inclusion.
  
• 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.

#LI-KG1

#LI-Hybrid

Type:
Regular

Time Type:
Full time

Primary Location:
Warren, NJ

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 everestbenefits@everestglobal.com.

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