AVP, Insurance Accounting

Title

AVP, Insurance Accounting

Company

Everest Insurance Company

Job Category

Finance

Job Description

It’s an exciting time for Everest 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.

At Everest, we are committed to the development of our people. We offer dynamic training & professional development to our employees. You will benefit from career development and learning opportunities that will let you set career goals and fulfill them, including:

Generous tuition/continuing education reimbursement Mentoring opportunities Flexible work arrangements Talent development initiatives Networking groups

Everest Group, a NYSE listed S&P 500, is a leading global reinsurance and insurance provider, operating for nearly 50 years, now in over 15 countries. Everest is a growth company with $14 Billion of Gross Written Premium offering Property, Casualty and Specialty products. We have extensive product and distribution capabilities backed by a strong balance sheet which is evident in our Financial Agency Ratings of: A+ A. M. Best, A+ S&P Global and A1 Moody’s Investor Service.

We take pride in being known in the industry as nimble, entrepreneurial and responsive. Our culture is innovative, we empower our employees to make business decisions within our risk framework at a local level.

Everest Insurance®, a Division of Everest Group, Ltd., is seeking a Assistant Vice President to assist its Financial/Management Reporting function. This position will be in Everest’s corporate headquarters in Warren, New Jersey and will report to the Vice President – Insurance Accounting and Analysis.

The Everest insurance segment is a Specialty Diversified insurance company continuing its rapid growth and transformation with infrastructure, product enhancement and human capital investments.

This position will be part of the Insurance Reporting team. The team is responsible for planning, coordinating, and executing the quarterly close process and controls for the Insurance segment. The position will have an opportunity to build on a firm foundation of processes, enhance reconciliations, strengthen controls, expand analytics, and add efficiency and automation to the closing process. Requires deep knowledge of insurance systems and processes, and strong technical finance and accounting expertise.

Responsibilities

Oversee and develop the reporting teamManage the timing and accuracy of the quarterly close process including:Establish appropriate expense accruals; bad debt reserves; CECL provisionReview, calculate and record deferred acquisition costsEnsure the appropriate consolidation of non-insurance entitiesEnsure quarterly balance sheet reconciliations are performed and reviewedPerform detailed financial review and analyticsLiaise with internal and external auditors on key controls, processes, and reconciliationsEvaluation/Interpretation of GAAP and Stat accounting guidance and impact on company.Provide timely internal reporting of P&C segment financial results and quarterly statutory financial results for the Board meetingsIdentifies finance core processes for standardization/redesign; designs and develops process improvements and automation to accelerate the closeDesigns and implements the necessary accounting system changes to ensure efficient and accurate processing of financial data; participate in the development and implementation of new General Ledger systemDevelop and demonstrate solid command of the operational and financial context of the business

Requirements

Experience

Minimum 10 years of progressive experience in the property and casualty insurance industry with an advanced understanding of all processes associated with financial analysis, reporting and controls.CPA credential strongly preferred

Mindset

Strategic thinker; strong leadership skills; anticipates and plans for the futureStrong problem-solving skills, change management experience, and positive attitude.Capable of executing change and influencing others to adopt new practicesResults oriented mind, hands-on, detailed, and proven track record of driving ideas and projects to completionMaintain a sense of urgency and wind sprint to identify and resolve issues. Action oriented and strong work ethic.Operate effectively in a culture that promotes collaboration, execution, humility, thoughtfulness and leadership.Promote a culture of personal responsibility, accountability and open communications.

Skills

Expert level knowledge of the full insurance income statement and balance sheetRobust knowledge and experience in quarterly and annual financial close processExpert knowledge, management, and execution of a robust control environmentStrong project management skills - extraordinarily well-organizedStrong analytical and technical communication skills (verbal and written)Strong technology skills, demonstrated ability to work with and build databases, implementing automation tools; must be proficient in Microsoft ExcelMinimum a bachelor’s degree in accounting

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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