Vice President II, Investments

Title:

Vice President II, Investments

Company:

Everest Global Services, Inc.

Job Category:

Finance

Job Description:

About Everest:

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 Re Group, Ltd. is seeking to hire a Vice President to serve as Head of Investment Risk Management. This position will be based in Warren, NJ or New York City and will report directly to our Chief Investment Officer. The Everest investment team consists of a small group of talented individuals working in a collegial and supportive environment, overseeing the Company’s $40+billion global investment portfolio.

The person in this role is expected to work in a highly collaborative and thoughtful manner with everyone on the investment team and colleagues in different divisions, including working closely with the Group Chief Risk Officer, capital modelling team, internal and external audit teams, technology, finance and accounting, legal, tax, treasury, and others.

Key responsibilities include overseeing 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, performing portfolio stress testing, among other responsibilities.

This is a hybrid position working 3 days in the office (Warren or NYC), 2 days remote.

Responsibilities include, but are not limited to: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 initiativesJob Qualifications & Requirements:

8+ years of work experience in investment management or insurance risk management

MBA or MS in Risk Management, Finance or Financial Engineering preferred.

CFA Designation preferred

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

The base salary range for this position is $303,000 - $375,000 annually. The offered rate of compensation will be based on individual education, experience, qualifications and work location. All offers include access to a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).

What if I don’t meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn’t align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.

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 hereto 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. 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. 

Type:

Regular

Time Type:

Full time

Primary Location:

New York, NY

Additional Locations:

Remote, NJ

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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