SVP, Legacy Liability Portfolio Manager at Everest

Boston, Massachusetts, United States -

Full Time

Start Date

Immediate

Expiry Date

17 Apr, 26

Salary

410000.0

Posted On

17 Jan, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Risk Management, Portfolio Management, Claims Management, Data Analytics, Problem Solving, Communication, Analytical Skills, Organizational Skills, Time Management, Relationship Management, Influencing Skills, Creative Solutions, Regulatory Knowledge, Capital Requirements, Structured Settlements, Reinsurance Optimization

Industry

Insurance

Description

Title: SVP, Legacy Liability Portfolio Manager Company: Everest Global Services, Inc. Job Category: Underwriting 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 SVP, Legacy Liability Portfolio Manager will build and influence Everest’s portfolio-level liability strategy on the run-off portfolio to accelerate closure, improve earnings and reduce volatility. Reporting to the CEO of Legacy Operations, you will play a crucial role in driving targeted initiatives and a run-off focused claims lens to the Group in collaboration with centralized claim, operations and reinsurance teams. Key Responsibilities Apply extensive knowledge and experience managing run-off liabilities and the potential levers available for desired outcomes Work with Claims leaders to set portfolio priorities and coordinate targeted initiatives with internal or external resources; closely align with the reserving team on performance board and AvE tracking; work with external firms as needed on deep dive reviews Identify pockets for accelerated closure and drive targeted settlement initiatives. Work with vendor management team to devise creative solutions with external providers on run-off claims and make recommendations for any alternative solutions to optimize LAE Coordinate and lead policy buybacks, structured settlements, commutations and other ruin-off specific initiatives Coordinate external legal or claim reviews on targeted portions of the portfolio Monitor all watch list claims on the run-off book and provide regular updates to all relevant stakeholders Explore technology solutions in collaboration with the technology team that could be applied specifically to run-off claims and support driving implementation Ensure claim authority matrix and escalation compliance on the run-off portfolio Liaise with Longtail Re on ADC compliance and any liability specific inquiries Required Experience Bachelor’s degree, MBA or Master’s degree from a top institution A minimum of 20 years of experience in the P&C insurance or reinsurance industry in claims, underwriting portfolio management, or both Global Insurance/Reinsurance industry experience a plus Extensive experience operating within the insurance run-off sector, including managing legacy portfolios, understanding long‑tail liability dynamics, navigating regulatory and capital requirements, and applying tools such as commutations, policy buybacks, structured settlements, and reinsurance optimization to accelerate resolution and enhance economic outcomes Proficient at applying data analytics to drive portfolio decisions Clear, effective and engaging communicator, both verbal and written Creative problem solver and critical thinker who can adapt quickly Strong analytical and problem-solving skills Detail oriented and highly organized Skilled in time management and the ability to prioritize tasks Excellent critical thinking skills Strong relationship management and influencing skills with a proven track record of collaborating across cross-functional, matrixed organizations #LI-Hybrid #LI-ED1 The base salary range for this position is $280,000 - $410,000 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: Atlanta, GA, Boston, MA, Chicago, IL - South Riverside, Miami, FL, New York, NY, Philadelphia, PA 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 SVP, Legacy Liability Portfolio Manager will build and influence Everest’s portfolio-level liability strategy to accelerate closure, improve earnings, and reduce volatility. This role involves collaborating with various teams to drive targeted initiatives and manage run-off liabilities effectively.