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Divisional Finance Officer, Legacy Portfolio

Job in Newark, Essex County, New Jersey, 07175, USA
Listing for: Everest
Full Time position
Listed on 2026-02-12
Job specializations:
  • Finance & Banking
    Corporate Finance, Risk Manager/Analyst, Financial Analyst, Financial Manager
Salary/Wage Range or Industry Benchmark: 200000 - 250000 USD Yearly USD 200000.00 250000.00 YEAR
Job Description & How to Apply Below

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.

Position

Chief Financial Officer, Legacy

Company

Everest Global Services, Inc.

Job Category

Finance

Position 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.

Key Responsibilities
  • Senior finance owner for the run-off P&L, ensuring accuracy, consistency, and discipline across all financial reporting in compliance with GAAP, regulatory requirements, and internal control standards
  • Own run-off specific financial reporting for the Board, senior leadership, and investors, with clear articulation of performance drivers, risks, and forward-looking implications
  • Build, maintain, and interpret financial models to support performance analysis, business trend assessment, and long-term planning for the run-off portfolio
  • Own the analysis, forecasting, and governance of premium receivables and reinsurance recoverables, including validation of outward reinsurance structures, monitoring collections, resolving disputes, assessing realization risk, and authorizing write offs where appropriate
  • Partner with Treasury to forecast and monitor capital requirements, capital release timing, and the economics of branch wind down and legal entity closures
  • Support modeling, structuring, and financial analysis for LPT and retrocession transactions, and monitor the ongoing economics of executed deals
  • Forecast, monitor, and control run-off expenses, including staffing models, outsourcing arrangements, and underwriting related costs, with clear variance analysis versus budget and prior periods and an expectation that expenses decline commensurate with the portfolio’s runoff profile
  • Coordinate closely with Claims and Reserving to analyze reserve movements, large loss activity, and key drivers of period over period volatility run-off
Required Experience
  • Bachelor’s Degree (or equivalent degree) in Accounting and Finance
  • Certified Public Accountant (or equivalent certification) preferred
  • 10+ years of experience in Corporate Finance or Accounting
  • 5+ years of Insurance/Reinsurance industry experience, with direct run-off experience helpful but not required
  • Global…
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