Title: Vice President, Ceded Re Claims / Warren, NJ Company: Everest Insurance Company Job Category: Claims Job Description: It’s an exciting time for Everest Group, Ltd. (‘Everest’ or ‘the Group’)! 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 nearly 50 years through subsidiaries in the Europe, Bermuda, Canada, 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 groups Everest 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. The Ceded Reinsurance team of Everest Insurance, a member of the Everest Re Group, Ltd. is seeking a Vice President, Ceded Re Claims to join our team. The selected candidate will be domiciled in Warren, NJ office (HQ). Responsibilites and Stakeholder Interactions: Review underlying claim matters and coverage files (discuss with Claims, Underwriting and Ceded Re when necessary) to determine if claims are reportable to reinsurers. Provided reinsurance brokers and reinsurers with initial notice and status updates in accordance with reinsurance contracts. Assist Reinsurance Accounting in providing loss bordereaux and other documentation to assist with the billing of reinsurance recoverables and cash calls. If needed, provide guidance on the calculation of reinsurance recoverables, including application of treaty clauses with regards to inurement, interlocking, AADs, franchise deductibles, loss caps, MAOL, etc. Act as a liaison between Reinsurance Accounting and brokers/reinsurers with regards to escalation and resolution of claim disputes. This includes assisting Everest’s Legal team and outside counsel with demand letters, arbitrations, and any legal proceedings related to reinsurance recoverables. Support the Ceded Re treaty placement process and submission preparation by providing ground up loss runs and additional loss reports which appropriately aggregate risks or claims as provided for in each treaty. Provide value added feedback to Ceded Re with respect to regarding contract wording based on claims precedent, workflow/service constraints, etc. Facilitate reinsurer claim audits from beginning to end including providing claim file audit list, working with Claims and I/T to make files available to auditors and coordinating/participating in wrap up meetings. Aid Actuarial in the calculation of ceded IBNR by providing guidance on treaty structure and subject claims. Create standard loss notification templates and develop associated workflows. Collaborate with reinsurance stakeholders on other process improvement opportunities to reinsurance workflow and systems. Build and maintain relationships with within the reinsurance community that reflect positively on the Everest brand. Key Relationships and Stakeholders: Internal Ceded Re Reinsurance Accounting Claims Underwriting Actuarial Legal Contract Wording I/T External Reinsurance Brokers Reinsurers Outside Counsel #LI-RS1 #LI-Hybrid 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. 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) 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.