Vice President, Ceded Re

EVEREST REINSURANCE CO • New York, NY • 16h ago

Title:Vice President, Ceded ReCompany:Everest Global Services, Inc.Job Category:UnderwritingJob Description:It's an exciting time for Everest Re Group, Ltd. ("Everest")! As we continue on our journey, we see significant opportunity ahead of us to expand our reach, build diversity, and enhance our capabilities in critical markets.Everest is a leading global reinsurance and insurance provider, operating for over 50 years through subsidiaries in the Bermuda, Canada, Europe, Singapore, US, and other territories. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. But the most critical asset in this organization is our people. At Everest, we are committed to the development of our people. We offer dynamic training & professional development to our employees. You will benefit from career development and learning opportunities that will let you set career goals and fulfill them, including: Generous tuition/continuing education reimbursement Mentoring opportunities Flexible work arrangements Talent development initiatives Networking groupsEverest is a growth company with $14 Billion of Gross Written Premium offering Property, Casualty and specialty products among others, through its various operating subsidiaries located in key markets around the world. Everest has been a global leader in reinsurance with a broad footprint, deep client relationships, underwriting excellence, responsive service and customized solutions. Our insurance arm draws upon impressive global resources and financial strength to tailor each policy to meet the individual needs of our customers.Our financial strength is evident in Financial Agency Ratings of: A+ A. M. Best, A+ S&P Global and A1 Moody's Investor Service. We are a market leader for our broad diversified income streams, strong underlying underwriting performance with reduced volatility and strong cash flow. We take pride in being known in the industry as nimble, entrepreneurial and responsive.This position will be based in our New York or Warren office with a hybrid schedule that has the option of working two days remotely each week.For NY and NJ Only: The base salary range for this position is $200,000 - $300,000 annually. The offered rate of compensation will be based on individual education, experience, qualifications and work location. Role Purpose: Everest Insurance has a Global Centralised Ceded Reinsurance department that manages the Ceded Strategy and Ceded Placement process for the Group. The Placement team is split into three pillars - First Party, Third Party and Specialty, to allow for specialisation between the classes of business protected and consistency in how we purchase reinsurance.We are looking to recruit a Vice President, Third Party Reinsurance Buyer to own the Casualty and Financial Lines placements of the Group, managing the process from the early strategy conversations, through to handing off the executed deal to our operations and finance departments.Key Accountabilities: Reporting into the Chief Ceded Reinsurance Officer you will:Lead and oversee the planning and execution of the company's reinsurance purchases for Casualty and Financial Lines (Third Party).Collaborate with insurance leaders and the Group Hedging Committee to suggest reinsurance plans for the company's Third Party Insurance.Handle daily interactions with reinsurer brokers for Third Party placements, covering all stages from pre-placement to post-placement and feedback sessions.Develop and maintain key reinsurer relationships for Third Party placements, working alongside the Group's broader reinsurer connections.Assist the financial planning and analytics department to derive the Ceded Plan during the annual planning process

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