Chief Financial Officer, Legacy at Everest

Warren Township, New Jersey, United States -

Full Time

Start Date

Immediate

Expiry Date

17 Apr, 26

Salary

330000.0

Posted On

17 Jan, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Accounting, Finance, Analytical Skills, Problem-Solving, Communication, Interpersonal Skills, Detail Oriented, Organizational Skills, Time Management, Critical Thinking, GAAP, Relationship Management, Influencing Skills

Industry

Insurance

Description

Title: Chief Financial Officer, Legacy Company: Everest Global Services, Inc. Job Category: Finance Job 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 Business Join 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 The Chief Financial Officer, Legacy will ensure accuracy and consistency while implementing a proactive capital management process that enables the capital engine versus passive reporting on the portfolio. With dual reporting to the CEO, Legacy Operations and EVP, Finance, you will play a crucial role in this newly established business, ensuring timely and accurate financials and building tracking mechanisms for capital management. Key Responsibilities Senior finance owner for the run-off P&L, ensuring accuracy, consistency, and discipline across all financial reporting in compliance with GAAP, regulatory requirements, and internal control standards Own run-off specific financial reporting for the Board, senior leadership, and investors, with clear articulation of performance drivers, risks, and forward-looking implications Build, maintain, and interpret financial models to support performance analysis, business trend assessment, and long-term planning for the run-off portfolio Own the analysis, forecasting, and governance of premium receivables and reinsurance recoverables, including validation of outward reinsurance structures, monitoring collections, resolving disputes, assessing realization risk, and authorizing write offs where appropriate Partner with Treasury to forecast and monitor capital requirements, capital release timing, and the economics of branch wind down and legal entity closures Support modeling, structuring, and financial analysis for LPT and retrocession transactions, and monitor the ongoing economics of executed deals Forecast, monitor, and control run-off expenses, including staffing models, outsourcing arrangements, and underwriting related costs, with clear variance analysis versus budget and prior periods and an expectation that expenses decline commensurate with the portfolio’s runoff profile Coordinate closely with Claims and Reserving to analyze reserve movements, large loss activity, and key drivers of period over period volatility run-off. Required Experience Bachelor’s Degree (or equivalent degree) in Accounting and Finance Certified Public Accountant (or equivalent certification) preferred 10+ years of experience in Corporate Finance or Accounting 5+ years of Insurance/Reinsurance industry experience, with direct run-off experience helpful but not required Global Insurance/Reinsurance industry experience a plus Strong analytical and problem-solving skills Highly skilled in math, accounting, and financial processes Excellent communication and interpersonal skills Detail oriented and highly organized Skilled in time management and the ability to prioritize tasks Excellent critical thinking skills Solid understanding of U.S. GAAP and the regulatory environment Strong relationship management and influencing skills #LI-Hybrid #LI-ED1 The base salary range for this position is $265,000 - $330,000 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. 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. Inclusion and Belonging. 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: New York, NY 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.

Responsibilities

The Chief Financial Officer, Legacy will ensure accuracy and consistency in financial reporting and implement a proactive capital management process. This role involves managing the run-off P&L and collaborating with various departments to analyze financial performance and capital requirements.