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About the Role

Everest Re Group, Ltd. is seeking to hire a Vice President to serve as Head of Investment Risk Management. This position will oversee all aspects of investment risk management for a global P&C reinsurance company, including developing and managing key risk metrics and processes such as Value-at-Risk, surplus volatility, asset/liability management, guideline compliance, rating agency and regulatory metrics, and performing portfolio stress testing. The role involves close collaboration with various internal teams and external stakeholders.

Responsibilities

Ensuring proper risk management across all investment portfolios
Chair of the Asset Risk Committee (ARC)
Monitoring portfolio asset duration positioning relative to liability durations (ALM) across legal entities and geographies to ensure reasonable interest rate risk tolerances
Monitoring foreign exchange (F/X) exposures
Measuring and reporting on key deterministic and stochastic risk metrics such as VAR and t-VAR at various confidence intervals
Coordinating with Group Chief Risk Officer (CRO) regarding investment controls and modelling to align with overall Everest enterprise risk management (ERM)
Coordinating with underwriting business units such as Financial Lines to aggregate and monitor overlapping credit exposures across the Company
Preparing and coordinating risk-related investment reporting for senior management, the investment committee, and the board of directors
Overseeing information systems initiatives within the Investments domain
Collaborating with other groups across the firm on transversal initiatives

Requirements

8+ years of work experience in investment management or insurance risk management
Strong communication skills
Highly quantitative; strong Excel and modeling skills required
Ability to summarize complex ideas succinctly
Ability to collaborate with others
Strong work ethic
High ethical standards

Skills

Value-at-Risk
Surplus volatility
Asset/liability management
Guideline compliance
Rating agency and regulatory metrics
Portfolio stress testing
Excel
Modeling

Location

Warren, NJ
New York City
Remote

Work Type

Hybrid
Full time

Experience Level

Vice President II

Education Level

MBA or MS in Risk Management, Finance or Financial Engineering preferred
CFA Designation preferred

Salary/Compensations

$303,000 - $375,000 annually

Benefits

Health insurance coverage
Employee wellness program
Life and disability insurance
401k match
Retirement savings plan
Paid holidays
Paid time off (PTO)

About the Company

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.
EVEREST is a leading international reinsurance and insurance group with an extensive distribution network that spans five continents.
With roots dating back to 1973, Everest has developed a global footprint and deep client relationships that are largely unmatched by its peers.
The Company’s principal business strategies seek to leverage its strengths to optimize returns over the underwriting cycle, thereby creating value for its shareholders and business partners.
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.
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. Inclusion and Belonging.
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.

Equal Opportunity

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.