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Vice President, Head of Casualty Pricing

Company: Everest Insurance
Location: Warren
Posted on: September 20, 2022

Job Description:

Title:
Vice President, Head of Casualty Pricing

Company:
Everest Insurance Company

Job Category:
Executive

Job Description:

It's an exciting time for Everest Re Group, Ltd. ("Everest")! As we continue 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 nearly 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.

You Will Benefit from Career Development and Learning Opportunities That Will Let You Set Career Goals and Fulfill Them, Including at Everest, we are committed to the development of our people. We offer dynamic training & professional development to our employees.

  • Generous tuition/continuing education reimbursement
  • Mentoring opportunities
  • Flexible work arrangements
  • Talent development initiatives
  • Networking groups

    Everest is a growth company with $10.5 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.

    For US/Canada/Bermuda ONLY: Although we are currently in the North American market, we see great opportunity to expand our markets.

    The Actuarial Pricing & Modeling Team of Everest Insurance, a member of the Everest Re Group, Ltd. is looking for a VP, Head of Casualty Pricing to join our Warren, NJ (hybrid) or New York City office.

    Responsibilities include but not limited to:
    • Partner as critical member of the Actuarial Pricing & Modeling leadership team.
    • Lead a team of about 10 employees, including both managers and individual contributors.
    • Lead the actuarial pricing support for casualty business written in Everest Insurance. Key accountabilities include the delivery of:
      • Individual account pricing
      • Plan loss ratio analyses
      • Pricing model and tiering enhancements
      • Loss ratio and price monitoring
      • Line of business analyses
      • Rate filing support
      • Portfolio deep dives
      • Work closely with underwriting management on strategy, prioritization, and training.
      • Partner with the actuarial analytics team to enhance pricing models and tiering via predictive models.
      • Collaborate with international teams to implement global solutions and consistency.
      • Monitor external developments, particularly those that impact commercial auto liability, general liability, umbrella, and workers compensation.
      • Create development opportunities for direct reports and their staffs.
      • Produce ad hoc reports and insights as required for senior management.

        Qualifications, Education & Experience:
        • 10+ year 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 pricing casualty business.

          Knowledge, Skills & Competencies:
          • Excellent communication and collaboration skills.
          • Detail-oriented with strong problem-solving skills.
          • Entrepreneurial spirit and strong business acumen with a focus on execution and delivery.
          • Demonstrated success in managing managers and leading in a hybrid and/or remote environment.
          • Technical know-how including Excel, VBA, SQL and Python.
          • Travel: 10%

            COVID-19 Vaccine Mandate for US & Canada Employees Only
            Everest requires all individuals hired into this position to be fully vaccinated and provide proof of vaccination prior to commencement of employment, unless the Company has granted an exemption.

            #LI-Hybrid

            #LI-AM1

            Type:
            Regular

            Time Type:
            Full time

            Primary Location:
            Warren, NJ

            Additional Locations:
            New York, NY

            As an effective team member, employees at Everest Insurance must champion the Everest Insurance Culture:

            --- Collaboration: Open and transparent communication with customers and colleagues
            --- Thoughtful Assumption of Risk: Supporting the Everest goal of carefully writing profitable business by ensuring data quality, prompt and accurate feedback to Underwriters, and operational control throughout the enterprise.
            --- Execution: Delivering outstanding support to the organization through strong day-to-day business operations, effective project management, and careful oversight of vendors.
            --- Humility: Caring and respectful approach to service colleagues, customers, and the community.
            --- Leadership: By example, every day.

            COVID-19 Vaccine Mandate for US and Canada Employees Only: Everest requires all individuals hired into this position to be fully vaccinated and provide proof of vaccination prior to commencement of employment, unless the Company has granted an exemption.

            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 Talent Acquisition at 1-908-604-3000.

Keywords: Everest Insurance, Elizabeth , Vice President, Head of Casualty Pricing, Executive , Warren, New Jersey

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