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Director
Everest Re Group
Liberty Corner, NJ, United States
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Job Description
Everest Global Services, a member of Everest Re Group, Ltd, has an opportunity available for a Director, Ceded Reinsurance at our Liberty Corner, NJ headquarters (exit 33 off I-78).
Job Responsibilities:
• Manage the negotiation and placement of reinsurance treaties for Everest Insurance and retrocessional treaties for Everest Re. Placement includes developing marketing materials and reinsurance submission packages that represent underwriting strategy and coverage needs to reinsurers and conducting marketing discussions with reinsurers.
• Assist in executing alternative reinsurance strategies including the placement and/or establishment of ILWs, CAT bonds and Side Cars.
• Assist the underwriting units in optimizing the use of reinsurance and alternative reinsurance, in conjunction with the business strategy.
• Assist in the accounting of reinsurance transactions, the recovery of reinsurance claims and the pursuit of past due balance owed by reinsurers/retrocessionaires.
• Collaborate with various internal and external stakeholders (e.g. accounting, claims, underwriting, intermediaries, reinsurers, etc.) to develop and drive seamless processes around ceded reinsurance
• Ensuring compliance with local regulations, corporate/regional/legal entity reinsurance strategies, guidelines, and risk appetites and managing exceptions.
Required Competencies:
• Knowledge of different forms and structures for Treaty Reinsurance.
• Knowledge of Treaty Reinsurance Contract language – what is standard and what is achievable in the market.
• Strong analytical skills
• Strong technical communication skills – both written and verbal.
• Known in the market by brokers and reinsurers.
• Strong technical competency – underwriting skills, accounting (GAAP and statutory).
• Collaborative – especially with internal business partners.
• Strong project management skills – extraordinarily well-organized.
• Strong negotiating skills
• Familiarity with alternative reinsurance structures (ILWs, CAT Bonds, Side Cars) and how they are used.
Required Experience:
• A minimum of 10 years of progressive and relevant experience
• Has managed the placement process for treaties for various lines of business.
• Has been involved in planning for underwriting and reinsurance strategies.
• Has been involved in catastrophe and capital modelling and understands the technical aspects of these processes.
• Has executed an established process for treaty reinsurance purchasing and accounting.
• Prior interaction with Company senior management a plus.
Other Qualifications:
Professional designation (such as FCAS, CPCU, ARe, etc) a plus
Everest is committed to recruiting and retaining the most talented individuals in the industry. We offer a dynamic work environment and a competitive compensation and benefit package which includes a 401k plan, retirement/savings option, tuition reimbursement, medical, dental, vision, life and group legal plans.
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.