Title:
Vice President II, Investments
Company:
Everest Global Services, Inc.
Job Category:
Finance
Job Description:
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 initiatives
Job 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.
Type:
Regular
Time Type:
Full time
Primary Location:
New York, NY
Additional Locations:
Remote, NJ
