Senior Vice President & Group Chief Risk Officer

Title:

Senior Vice President & Group Chief Risk Officer

Company:

Everest Global Services, Inc.

Job Category:

Risk Management

Job Description:

About Everest:
Everest Group, Ltd. (Everest), is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in North America, Latin America, the UK & Ireland, Continental Europe and Asia Pacific regions. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Our most critical asset is our people. We offer dynamic training & professional development to our employees. We also offer generous tuition/continuing education reimbursement programs, mentoring opportunities, flexible work arrangements, and Colleague Resource Groups.

About the Role:

Everest Global Services, a member of Everest Group, Ltd., is seeking a Senior Vice President & Chief Risk Officer within our Warren, NJ headquarters. This position will report to the Group Chief Financial Officer. The CRO will be responsible for managing the Enterprise Risk Management framework on a global basis to identify, measure, and address risks within Everest. The CRO will support risk management, planning, pricing, and performance monitoring by implementing and continuously improving comprehensive risk frameworks, advancing quantitative reporting and models, effective governance, processes, and communication, and enterprise-wide collaboration. Works with key business leaders and underwriting, the reinsurance and insurance teams, and within ERM to ensure the appropriate identification, assessment, mitigation, monitoring, and reporting of risk against the UW risk appetite for Everest, including emerging risks. The CRO will report periodically to the Board of Directors and be in regular contact with the Chair of the Board Risk Committee.​

Responsibilities:

Enterprise Risk Management: lead the process by which Everest identifies, measures, manages, and mitigates critical risks that could have a material impact on Everest’s financials and operations. Activities include risk reporting and governance, scenario planning, dynamic stress testing, advanced analytics, risk appetite monitoring, exposure management, model risk management, emerging risks management, and coordination/collaboration with Corporate and LOB Risk functions. The Group ORSA preparation and oversight of legal entity ORSAs and solvency reporting are a key responsibilities.

Catastrophe Modeling: measuring exposures vs. established tolerances/limits, developing/executing protocols for addressing tolerance/limit breaches, supporting the development of annual catastrophe exposure plan.
Manage the Group’s ECM (Economic Capital Model).

Strong partnership within the reinsurance and insurance teams with CUO: reinsurance modelling (using catastrophe models and Economic Capital Modeling).
Work with the investment and treasury teams to effectively manage asset, liquidity and counterparty credit risks.

Prior Experience:

• Industry/Educational/Functional Requirements:

  • 15+ years of relevant property-casualty insurance or reinsurance industry experience in risk management, underwriting, finance, actuarial, compliance, or risk consulting roles.

  • Bachelor's degree required, preferably in a quantitative field (finance, economics, accounting, mathematics, engineering, or science); advanced degree (e.g., MBA, Ph.D.) preferred.

  • Exceptional working knowledge of property/casualty insurance enterprise risk management process, economic capital modelling, catastrophe modelling, reinsurance, and their associated best practices.

  • Strong knowledge of ERM-related regulatory frameworks (e.g., Solvency II, NAIC ORSA).

  • Demonstrated broad and deep knowledge of the strategic, underwriting, reserving, and operational risks associated with a property/casualty insurer as well as the asset and credit risks associated with an insurance company's investment portfolio.

• Designations:

  • Risk management designations such as CERA, ARM-E, or FRM preferred.

• Business Acumen:

  • Strong analytic/integrative thinking, business judgment, financial acumen, and the ability to manage in the absence of complete information.

  • Excellent leadership, communications, interpersonal skills.

  • Well-developed facilitation and consensus-building skills