Head of Reserving, Legacy Portfolio

EVEREST REINSURANCE CO • Warren, NJ • 1d ago

Title:Head of Reserving, Legacy PortfolioCompany:Everest Global Services, Inc.Job Category:AnalyticsJob 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.Our Legacy BusinessJoin a team where dynamic thinkers turn complexity into opportunity. You will work at the crossroads of strategy, analytics, and execution - tackling some of the most challenging and high-impact problems in the insurance industry. Here, your ability to navigate multiple disciplines isn't just valued - it's essential.The $5 billion Legacy business at Everest requires active, forward-looking discipline focused on resolving legacy liabilities and unlocking capital for the company's future growth. You'll play a direct role in reducing volatility, strengthening market credibility, and accelerating strategic value creation across the Group. Our environment challenges you to think fast, adapt quickly, and approach complex legacy portfolios with fresh ideas and data-driven insights. You'll work closely with claims, actuarial, finance, reinsurance, technology, and operations - building a uniquely broad and influential skill-set.Position Summary This Head of Reserving, Legacy Portfolio role is a fully dedicated leader for the Legacy business, providing dedicated reserving studies and support for special projects and transactions as needed. With dual reporting to the CEO, Legacy Operations and the Group Chief Reserving Actuary, you will play a crucial role in this newly established business, managing reserve drift, building granularity around actuarial analysis and reporting specific to run-off, building frameworks to assess profitability of run-off actions; minimizing any future surprises and creating a more predictable run-off path. Key Responsibilities Perform quarterly studies and roll forward analyses and present to the Legacy reserving board Implement a "performance board" model across the Group Strengthen the reserve-claims feedback loop and instill rigorous tracking and dialog around quarterly AvE emergence and monthly early signals Run actuarial-led deep dives for any problematic or uncertain areas of the portfolio Translate claim events into reserve implications and capital impact Support pricing of externally contemplated deals (LPTs/retros) as needed Develop granular IBNR allocation methodologies to gauge profitability of anticipated liability acceleration strategies (e.g., policy buybacks) Translate reserving and claims signals into actionable run-off insights and interventions Enhance transparency and credibility for the Senior Leadership team and rating agenciesRequired Experience 10+ years actuarial experience and an ACAS or FCAS designation Advanced degree in a quantitative discipline preferred, including but not limited to Actuarial Science, Mathematics, Statistics, or Computer Science Expertise in P&C insurance or reinsurance reserving, with specific run-off reserving experience as an added bonus Strong business focus and experience with analyzing P&C claims and trends Technical know-how including Excel, VBA, SQL and Python Global Insurance/Reinsurance industry experience a plus Strong analytical and problem-solving skills Excellent communication and interpersonal skills Detail oriented and highly organized Skilled in time management and the ability to prioritize tasks Excellent critical thinking skills * Strong relationship management and influencing skills#LI-Hybrid#LI-ED1The base salary range for this position is $250,000 - $310,000 annually. The offered rate of compensation will be based on individual education, experienc

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