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EVEREST REINSURANCE CO Chief Underwriting Officer, North America in Warren, New Jersey

Title:Chief Underwriting Officer, North AmericaCompany:Everest Global Services, Inc.Job Category:UnderwritingJob Description:About EverestEverest 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.About the Role:Everest Insurance, a member of Everest Group, Ltd., is seeking a Chief Underwriting Officer for its North American Operations. As a key member of the North America leadership team reporting to the Global Chief Operating Officer of Everest Insurance®, you will play a vital role with Everest Insurance on our journey as a world-class underwriting organization. The North America CUO is responsible for driving underwriting excellence across the company, including general underwriting policy and underwriting management best practices. This includes advancing underwriting profitability, governance, product and pricing strategies, adoption of new tools, data and analytics and empowering our underwriters to make informed underwriting decisions within that framework. As a leader within the organization, this individual will help shape the overall direction of the business, identify growth opportunities, innovate our product set, anticipate, and react to market trends, and drive profitability across the portfolio.The successful candidate must operate across a wide range of insurance products and exposures including property, casualty, liability, and credit and financial lines. As such, the role requires strong core knowledge of North American insurance markets. Our diversified portfolio of customers and products requires the ability to pivot from portfolio underwriting to individual account underwriting and back.Leadership and management responsibilities for both Corporate Underwriting and Credit teams.There are several core areas of focus for this position, which will also be supplemented by other strategic initiatives and priorities as needed. The fundamental areas of engagement are:Portfolio Optimization & Technical Underwriting: * Provide deep technical expertise and guidance for all business unit product capabilities serve as a trusted advisor. * Oversee the management and refinement of all Underwriting Guidelines in collaboration with Divisional Leaders and their respective CUOs. * Drive thoughtful cycle management across the portfolio leveraging analytics and functional support resources to capitalize on high margin opportunities, reposition or exit unprofitable lines and grow/maintain margins for the balance of the book. * Proactively monitor key underwriting and claims metrics to identity emerging risks and opportunities * Collaborate with underwriting leaders, business performance management, actuarial and modeling teams to develop and implement technical pricing and other analytic capabilities to drive price adequacy and profitability. * Implement, assess and refine pricing strategies; including risk tiering, segmentation and other methods to optimize portfolio. * Act as underwriting referral point for complex risks and risks that exceed authority levels of Deputy CUOs and Divisional Leaders * Proactively drive underwriting actions and initiatives to improve overall profitability of the portfolio. * Implement adoption of advanced tools and supplemental data sets to enhance and augment underwriting.New Product Development: * Oversee coordination and evaluation of new product, program and geographic expansion opportunities. * Ensure that proper Underwriting strategies align with appetite, target portfolio metricsUW Audit Process: * Manage overall underwriting audit framework. * Lead and manage the quality/content of Underwriting audit findings and the audit process. Use the audit process to build & strengthen underwriter skill sets, improve strategies and update guidelines over time. * Manage audit recommendations generated by audit findings to conclusion and create a team process to do so. Implement and monitor supplementary underwriter self-audit quality control processes.Risk Management: * Manage portfolio Gross/Net premium and CAT accumulations, * Monitor and manage portfolio within established tolerances, thresholds and target metrics. * Support Treaty insurance reviews and placements in coordination with the Ceded Reinsurance team. * Insurance Division representative on Group Product Boards, UnTo view the full job description, click here

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