What are the responsibilities and job description for the Senior Vice President & Chief Investment Officer position at Everest Global Services, Inc.?
Title: Senior Vice President & Chief Investment Officer Company: Everest Global Services, Inc. Job Category: Finance Job Description: Everest is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in the Europe, Bermuda, Canada, Singapore, US, Latin America 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. The Senior Vice President & Chief Investment Officer (CIO) at Everest is a key executive responsible for setting and executing the investment strategy for the firm’s investments within the Property & Casualty (P&C) insurance industry. The CIO oversees the management of the ~40Bn global investment portfolio, ensuring alignment with the company’s financial goals, regulatory requirements, and overall business objectives. This role is pivotal in driving the financial success of Everest by making informed investment decisions and managing risk effectively. This position reports into the Chief Financial Officer (CFO), based in Warren, NJ. The work schedule is hybrid with a minimum of 3 days a week in the office. There is flexibility for working in the New York, NY office periodically. Key Responsibilities: Investment Strategy Development: Create and oversee investment strategies that align with the company’s financial goals and risk tolerance, including the establishment of an Investment Policy Statement (IPS) and Strategic Asset Allocation (SAA) guidelines Portfolio Management: Manage the company’s investment portfolio, ensuring diversification, adequate credit quality and optimal returns, either directly or through a team of investment professionals. This includes internally managed portfolios and externally managed portfolios Risk and Liquidity Management: Identify, assess, and mitigate financial risks associated with investments while ensuring investment activities maintain adequate liquidity and support the organization’s operational needs. Market Analysis: Stay updated on market trends, economic conditions, and regulatory changes to make informed investment decisions. Team Leadership: Lead and mentor a team of investment analysts and portfolio managers. Performance Reporting: Compile and present regular reports on investment performance to stakeholders, including executive management, the Board investment committee, and the Board of Directors. Compliance: Ensure all investment activities comply with relevant regulations and standards, following SAA guidelines approved by the Board of directors. Stakeholder Communication: Clearly communicate investment strategies, goals, and expectations to Board members, shareholders, the investment committee, regulators, and other stakeholders. External Collaboration: Work with external portfolio managers, analysts, and investors to source, manage, and monitor investments. Budget and Planning: Manage the internal net investment income and general expense budgets and 5-year plan processes, including modeling revenue and expense forecasts. Develop the annual SAA guidelines. Information Management: Enhance internal information management, including dynamic, up-to-date dashboards. New Portfolios and Strategies: Help establish new portfolios and investment strategies, ensuring proper resource management. Information Systems Initiatives: Lead information systems initiatives within the Investments domain. Qualifications: 15 years of experience in investment management, preferably within the P&C insurance industry. Experience in a multinational insurance carrier is preferred. Advanced degree in finance, economics, or a related field; MBA or CFA preferred. Deep understanding of financial markets, investment strategies, and risk management principles. Proven track record leading a team of investment professionals and managing external relationships. Knowledge, Skills & Competencies: Specific qualities and attributes needed to perform the job: A strong leader who is able lead, manage and mentor a staff of ~20 internal staff Ability to operate in a dynamic and high paced environment with a sense of urgency Adaptable and able to manage competing priorities Strong analysis and problem-solving skills through the lens of a thoughtful assumption of risk Strong written and oral communications skills. Ability to concisely provide executive summaries to executive leadership as needed. Strategic, collaborative and self-motivated Well-organized with relentless attention to detail Comfortable dealing with, and leading teams in times of change and ambiguity 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. Click here to learn more about our culture. Our Values are 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. Diversity, Equity and Inclusion. Our Colleague Behaviors define 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. #LI-Hybrid #LI-ED1 Type: Regular Time Type: Full time Primary Location: Warren, NJ Additional Locations: 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. Everest U.S. Privacy Notice | Everest (everestglobal.com) Beware of recruitment fraud Please be cautious of phishing scams involving fake Everest job postings and individuals posting as Everest representatives making phony job offers. Always verify the identity of the recruiting professionals you work with. What you should know: At Everest, your privacy, security, and safety are of utmost importance to us. Everest will never ask for payment or any financial information as part of the hiring process. All job-related written communications from our internal recruitment team will come from official email addresses that end in our company domain. EVEREST is a leading international reinsurance and insurance group with an extensive distribution network that spans five continents. With roots dating back to 1973, Everest has developed a global footprint and deep client relationships that are largely unmatched by its peers. The Company’s principal business strategies seek to leverage its strengths to optimize returns over the underwriting cycle, thereby creating value for its shareholders and business partners.
