Director of Investments Middle Office

Title:

Director of Investments Middle Office

Company:

Everest Global Services, Inc.

Job Category:

Finance

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.

Job Summary:

Everest Global, Ltd. is seeking to add a Director of Investments Middle Office, headquartered in Warren, New Jersey.  The Investment Middle Office is a new team being created within the Everest Investment department, to act as the intermediary between investment management and investment accounting. The Director of Investments Middle Office will manage data integrity of our investment book through inputs to our accounting platform, PAM, and supporting the integration of investment accounting data with various other sources in our data warehouse.  This new position will also be responsible for training and delegating responsibilities to one or more analysts as we grow this new team. The Director of Investments Middle Office must be detail oriented, have strong organizational skills, and be able to multi-task efficiently.  The ideal candidate will have experience in investment reporting, have technical knowledge of investment accounting, and a strong understanding of financial markets.

Responsibilities:

• Oversee all processes that feed data to our investment accounting system (PAM), including  Security Master Files (SMF), cash matching, and private market transactions.

• Manage the Custody to PAM reconciliation process

• Reconcile and review data between the internal ledger, PAM, and the internal data warehouse

• Responsible for accuracy and maintenance of static data in both PAM and the internal data warehouse

• Manage the cash and cash suspense accounts at month-end

• Provide support for the accounting department by promptly preparing materials for their reporting needs

• Provide analytics for changes in GAAP Actuals on a quarterly basis

• Support investment portfolio managers, both internal and external, with ad hoc requests

• Train junior staff and develop new processes as this team grows and takes on more responsibilities

 

Work Experience and Qualifications:

• 7-15 years experience in either investment operations, reporting, and/or accounting

• Experience with private market investments (fixed income, equity, partnerships)

• Familiarity with the PAM accounting platform

• Bachelor’s degree in Accounting or Finance

• Master’s degree in business, finance or accounting. or a professional designation (CPA, CFA) a plus

• Proficient in Excel and Power BI

• Experience using VBA, SQL, and or Python a plus

• Familiar with Bloomberg, Aladdin, and Oracle a plus

• Work experience at an insurance/reinsurance company a plus

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 assu