Event Risk Jobs in Connecticut (NOW HIRING)

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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.

Opportunity

This role is a unique opportunity for a talented senior re/insurance risk professional to join Everest Group at a moment of a strategic pivot, materially contributing to shaping an enhanced globalized ERM framework that is effective, pragmatic and fit-for-purpose. Centrally positioned overseeing Everest's Reinsurance business in the US, Everest's main US Reinsurance Legal Entities as well as Everest's growing 3rd party capital platform (Mt. Logan), with high visibility to the Group CUO, CEO of Mt. Logan and all Reinsurance Underwriting teams across the firm (incoming and outgoing), collaborating closely with the other ERM leaders.

Summary

A member of Everest's ERM Leadership Team, this leader will be the risk partner to the Reinsurance Division's leadership team in North America, as well as the CEO of Mt. Logan, Everest's growing proprietary 3rd party capital platform, covering the respective risk oversight responsibilities such as RCSAs, Operational Risk Heatmap and risk assessments of strategic initiatives. Provide independent oversight of risk for Everest Reinsurance Company (Delaware), one of Everest's largest main Legal Entities, and promote continuous enhancement of Everest's strong risk culture, actively promoting a culture of effective risk awareness, risk management and governance across the Global Reinsurance Division.

Responsibilities

Legal Entity Risk Management:
Be responsible for developing, implementing, leading and maintaining the risk management frameworks for Everest's Reinsurance Legal Entities in North America in close coordination with the International counterpart who covers relevant branches. Ensure appropriateness and consistency of risk management strategies, governance and policies in line with Everest's Group ERM Framework under Group Supervision by the BMA in Bermuda and support the Compliance Function to maintain and enhance regulatory compliance from a risk management perspective. Continue development of a cohesive control framework and risk appetites in local entities. Lead annual Own Risk and Solvency Assessment (ORSA) reporting and support regulatory inquiries and requests. Lead the activities related to internal risk reporting with Legal Entity management and board as well as to Group ERM and Risk Committees. Establish key risk indicators within the businesses, monitor and evaluate against prescribed appetites.

Divisional Reinsurance Risk Management (in collaboration with International counterpart):
Identify emerging key risks in collaboration with underwriting and other stakeholders - using external as well as internal perspectives to anticipate changes and assess impact on our environment. Maintain alignment and consistency with Everest's Group-wide ERM Framework within the Reinsurance Division and ensure clear roles and responsibilities across the three Lines of Defense. Lead execution of risk control self-assessments, risk event management, operational risk heatmap at divisional level, and promotion of a strong risk culture in close coordination with first line risk owners. Support the Division's and Legal Entities' management teams to comply with their regulatory and governance duties. Oversee any risk remediation as appropriate and support periodic operational resiliency policies practices. Manage Reinsurance Division engagement with internal risk committee reporting up to local and executive management.

Large transactions, underwriting growth initiatives, retrocession and 3rd party capital:
Manage the risk review of large and complex transactions, be it on the traditional incoming side (e.g. large structured reinsurance transactions), the outgoing side (e.g. large retrocession, ADC/LPT or third-party capital deals) or related to Mergers & Acquisitions. Collaborate with business underwriting teams to identify and assess risks related to growth initiatives across lines of business (incl. financial lines and parametric covers). Partner with the Mt. Logan management team as CRO to ensure all risks are reliably identified, understood and mitigated as appropriate, including those related to third-party investors in the insurance-linked space. Collaborate closely with other ERM teams to conduct underwriting risk oversight and specific line-of-business/product deep dives, where appropriate (including a particular focus on financial lines).

Qualifications

- At least 10 years experience in reinsurance, of which a considerable part in Risk Management, actuarial qualification a plus

- Comprehensive experience in risk mgmt. practices and governance demands for a 2nd line control function

- Extensive knowledge and understanding of operational and financial risks within a global reinsurer

- Strong technical underwriting knowledge of international reinsurance business across P&C (incl. financial lines)

- Detailed experience with capital markets re/insurance activities as well as dynamics of complex transactions

- Strong communication skills and proven effectiveness in senior executive stakeholder management

- Reliable execution skills with structured auditable processes while maintaining lean pragmatism

- Strong collaborator in a matrix setup with coverage of a complex global organization

- Excellent written and oral communication skills, as well as command of all pertinent software

- Being self-motivated and well organized, able to prioritize and manage a broad range of activities

#LI-Hybrid

#LI-ED1

For the US Only:

The base salary range for this position is $201,000 - $275,000 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. Clickhereto learn more about our culture.

• Our Valuesare 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 Behaviorsdefine 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.

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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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