Everest Group, Ltd. (Everest), is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in North America, Latin America, the UK & Ireland, Continental Europe, and Asia Pacific regions. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Our most critical asset is our talent.
We are seeking a Divisional Financial Officer for our U.S. Insurance Business in our Warren location. This position will be responsible for overseeing the financial operations and strategy of the US Insurance business. This role involves managing financial planning and analysis, budgeting, forecasting, reporting, and expense management to ensure the financial health and growth of the division. This role will work closely with our P&L leadership to drive business performance and support strategic initiatives.
Critical factors for success include delivering results while maintaining a detailed focus on individual tasks, ability to take ownership and meet deadlines, effectively building relationships and influencing others, identifying issues and sound recommendations for remediation, exhibiting a genuine willingness and desire to continuously build on insurance and product knowledge, development of team members and the ability to thrive in fast paced environment.
We operate in a dynamic, start-up environment and are looking for someone who likes to take initiative, can effectively manage through ambiguity, and thrives in a fast-paced, agile setting.
Responsibilities include but are not limited to:
Planning and Forecasting
Responsible for partnering with business leaders in sales, underwriting, product and actuarial to complete strategic and annual plan projections to understand the P&L related items.
Work closely with field and regional teams to create production plans at a geographical and line of business level. Plans need to include detailed assumptions supporting new and renewal business including expected strategic initiatives that are in development or underway.
Coordinate with actuarial to ensure that information is received and reviewed prior to submission to Group.
Develop PowerPoint presentation detailing the business and financial achievements expected during the plan.
Develop P&L forecasts per quarter projecting current and future quarter results based on market knowledge received from business leaders.
Develop commentary explaining the business drivers causing the forecast variances to plan and prior year.
P&L Ownership and Financial Analysis
Ownership of the divisional financial results. Developing detailed financial reviews and analysis of each line item of the P&L
Ensure the accuracy, completeness of North American Financials. Work with Insurance and Group finance if issues are discovered to make sure corrective journal entries are made.
Creating reports providing key metrics that help users understand the financial results.
Understand variances in financial results from forecast, plan, and prior year.
Develop reports and commentary that help measure progress on financial and operational key performance indicators.
Develop and co-present a presentation that provides the financial and divisional highlights during the quarter.
Strategic Planning and business support
Responsible for partnering with business leaders in sales, underwriting, product and actuarial to complete strategic and annual plan projections to understand the P&L related items.
Work closely with field and regional teams to create production plans at a geographical and line of business level. Plans need to include detailed assumptions supporting new and renewal business including expected strategic initiatives that are in development or underway.
Coordinate with actuarial to ensure that information is received and reviewed prior to submission to Group.
Develop PowerPoint presentation detailing the business and financial achievements expected during the plan.
Expense Management
Work with business leaders to manage expenses and maintain expense ratio.
Closely monitor expense dollars that allows spending to turn into future growth.
Build detailed expense plans from business leaders that detail out how dollars are being spent.
Work with Everest IT and IT Finance to understand how IT capital and operating expense dollars are being utilized.
Develop CBA's and ROI on specific investment dollars that are being requested.
Manage headcount budget at department level and support department leaders with regular reporting.
Data and Systems
Involvement in system changes or new system builds to ensure that all finance and accounting needs are being properly handled.
Set strategy with corporate finance on delivering changes that are needed to improve efficiency leveraging the corporate planning software (Anaplan).
People Leadership
Lead and mentor a team fostering a culture of high performance and continuous improvement.
Work Experience and Qualifications
Four-year degree in Business with an Accounting/Finance major (preferred)
Ability to work effectively and independently with other disciplines and all levels of management/staff throughout the organization
Expert knowledge of Excel
Good communication skills both oral and written.
Strong analytical skills
CPA Preferred
Everest is committed to recruiting and retaining the most talented individuals in the industry. We offer a competitive compensation and benefit package which includes a 401k plan, retirement/savings option, tuition reimbursement, medical, dental, vision, life, and group legal plans, professional development, generous tuition/continuing education reimbursement programs, mentoring opportunities, a hybrid work schedule, and Colleague Resource Groups.
Everest is an equal opportunity employer.
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. Diversity, Equity and Inclusion.
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:
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.
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