Vice President, Head of Actuarial Pricing, Facultative at Everest Re Group in Warren, NJ
It's an exciting time for Everest Re Group, Ltd. (Everest)! 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 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. 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. We are currently looking for a Vice President, Head of Actuarial Pricing, Facultative for our Reinsurance business. The Vice President, Head of Actuarial Pricing, Facultative can be based in Warren, NJ, New York City or Stamford, CT working a hybrid schedule of 3 days in the office and 2 days remote. This leader should have an entrepreneurial spirit and strong business acumen with a focus on execution and delivery. They should also have the ability to manage small actuarial team in dynamic and agile environment, especially through a remote setting and time zone variation. Excellent communication and collaboration skills are required, as well as technical know-how including Excel, VBA, SQL, Python, etc. Requirements:
10
year actuarial experience and ACAS/FCAS designation Expertise in pricing facultative business or large account pricing across aforementioned regions and all P&C lines of business including rating model development, parameter development, and individual transaction pricing Experience with reserving practices, cat modeling, capital allocation methodologies, ERM, financial planning, and (re)insurance accounting Experience managing team of actuarial analysts Travel:
up to 10%
Responsibilities:
Partner as critical member of Chief Pricing Actuary leadership team:
Enhance standardization and development of actuarial best practices globally Aid in developing and executing on global actuarial strategy Assist in implementing global pricing tools across all business units and ensuring consistency of pricing methodology and model usage Pricing:
Lead team of actuaries focused on facultative pricing for P&C business across the globe (US, Canada, Latin America, AsiaPac, EMEA) Develop suite of base rates and curve adjustments for all LOBs Oversee parameter studies, market reviews by region/LOB, base rate development, and classification ratemaking Support generation of new pricing methods for niche lines of business Aid in translating reserve reviews into prospective pricing/UW actions Reporting:
Deliver robust rate monitoring process Monitor and evaluate efficacy of actuarial pricing Support underwriters on quarterly earnings reports, annual profitability reviews, and executing on strategic vision Ad hoc reports as required for senior management Collaboration:
Work closely with facultative leadership team, regional heads, and underwriting department across the global department Work closely with Actuarial Treaty Pricing leads Liaise between underwriting, CAT modeling, IT, reserving, ERM, and finance departments as needed
Salary Range:
$250K -- $500K+
Minimum Qualification
Risk & Quantitative AnalysisEstimated Salary: $20 to $28 per hour based on qualifications.
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. We are currently looking for a Vice President, Head of Actuarial Pricing, Facultative for our Reinsurance business. The Vice President, Head of Actuarial Pricing, Facultative can be based in Warren, NJ, New York City or Stamford, CT working a hybrid schedule of 3 days in the office and 2 days remote. This leader should have an entrepreneurial spirit and strong business acumen with a focus on execution and delivery. They should also have the ability to manage small actuarial team in dynamic and agile environment, especially through a remote setting and time zone variation. Excellent communication and collaboration skills are required, as well as technical know-how including Excel, VBA, SQL, Python, etc. Requirements:
10
year actuarial experience and ACAS/FCAS designation Expertise in pricing facultative business or large account pricing across aforementioned regions and all P&C lines of business including rating model development, parameter development, and individual transaction pricing Experience with reserving practices, cat modeling, capital allocation methodologies, ERM, financial planning, and (re)insurance accounting Experience managing team of actuarial analysts Travel:
up to 10%
Responsibilities:
Partner as critical member of Chief Pricing Actuary leadership team:
Enhance standardization and development of actuarial best practices globally Aid in developing and executing on global actuarial strategy Assist in implementing global pricing tools across all business units and ensuring consistency of pricing methodology and model usage Pricing:
Lead team of actuaries focused on facultative pricing for P&C business across the globe (US, Canada, Latin America, AsiaPac, EMEA) Develop suite of base rates and curve adjustments for all LOBs Oversee parameter studies, market reviews by region/LOB, base rate development, and classification ratemaking Support generation of new pricing methods for niche lines of business Aid in translating reserve reviews into prospective pricing/UW actions Reporting:
Deliver robust rate monitoring process Monitor and evaluate efficacy of actuarial pricing Support underwriters on quarterly earnings reports, annual profitability reviews, and executing on strategic vision Ad hoc reports as required for senior management Collaboration:
Work closely with facultative leadership team, regional heads, and underwriting department across the global department Work closely with Actuarial Treaty Pricing leads Liaise between underwriting, CAT modeling, IT, reserving, ERM, and finance departments as needed
Salary Range:
$250K -- $500K+
Minimum Qualification
Risk & Quantitative AnalysisEstimated Salary: $20 to $28 per hour based on qualifications.
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