Chief Reserving Actuary, Legacy

Job Title

Chief Reserving Actuary, Legacy

Everest Global Services, Inc.

Analytics

Regular, Full time

Primary:
Warren, NJ. Additional:
Atlanta, GA, Boston, MA, Chicago, IL, South Riverside, Miami, FL, New York, NY, Philadelphia, PA

Everest is a global leader in risk management with over 50 years of heritage in helping businesses and economies thrive. As a global team focused on disciplined capital allocation and long‑term value creation, we aim to have a strong positive impact on communities and the world.

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.

This Chief Reserving Actuary role is a fully dedicated leader for the Legacy business, providing dedicated reserving studies and support for special projects and transactions as needed. Reporting to the CEO, Legacy Operations and the Group Chief Reserving Actuary, you will manage reserve drift, build granularity around actuarial analysis, and develop frameworks to assess profitability of run‑off actions, minimizing future surprises and creating a predictable run‑off path.

• Perform quarterly studies and roll forward analyses and present to the Legacy reserving board.
• Implement a “performance board” model across the Group.
• Strengthen the reserve‑claims feedback loop and instill rigorous tracking and dialogue around quarterly AvE emergence and monthly early signals.
• Run actuarial‑led deep dives for any problematic or uncertain areas of the portfolio.
• Translate claim events into reserve implications and capital impact.
• Support pricing of externally contemplated deals (LPTs/retros) as needed.
• Develop granular IBNR allocation methodologies to gauge profitability of anticipated liability acceleration strategies (e.g., policy buybacks).
• Translate reserving and claims signals into actionable run‑off insights and interventions.
• Enhance transparency and credibility for the Senior Leadership team and rating agencies.

• 10+ years actuarial experience and an ACAS or FCAS designation.
• Advanced degree in a quantitative discipline preferred (Actuarial Science, Mathematics, Statistics, Computer Science).
• Expertise in P&C insurance or reinsurance reserving, with specific run‑off reserving experience a bonus.
• Strong business focus and experience with analyzing P&C claims and trends.
• Technical know‑how including Excel, VBA, SQL and Python.
• Global Insurance/Reinsurance industry experience a plus.
• Strong analytical and problem‑solving skills.
• Excellent communication and interpersonal 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.

The base salary range for this position is $250,000 – $310,000 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, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).

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 we serve. We pride ourselves on an inclusive culture driven by values:
Talent, Thoughtful assumption of risk, Execution, Efficiency, Humility, Leadership, Collaboration, Inclusion and Belonging.

Colleague Behaviors:
Respect everyone, Pursue better, Lead by example, Own our outcomes, Win together.

What if I don’t meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. If you are excited about this role but your past experience…