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Everest · 1 day ago

SVP, Legacy Liability Portfolio Manager

Boston, MA

Full-time

Onsite

Director/Executive

$280K/yr - $410K/yr

20+ years exp

Everest Global Services, Inc. is a global leader in risk management with over 50 years of experience. They are seeking an SVP, Legacy Liability Portfolio Manager to build and influence the portfolio-level liability strategy, focusing on resolving legacy liabilities and unlocking capital for future growth.

FinanceFinancial ServicesInsurance

Responsibilities

Apply extensive knowledge and experience managing run-off liabilities and the potential levers available for desired outcomes

Work with Claims leaders to set portfolio priorities and coordinate targeted initiatives with internal or external resources; closely align with the reserving team on performance board and AvE tracking; work with external firms as needed on deep dive reviews

Identify pockets for accelerated closure and drive targeted settlement initiatives

Work with vendor management team to devise creative solutions with external providers on run-off claims and make recommendations for any alternative solutions to optimize LAE

Coordinate and lead policy buybacks, structured settlements, commutations and other ruin-off specific initiatives

Coordinate external legal or claim reviews on targeted portions of the portfolio

Monitor all watch list claims on the run-off book and provide regular updates to all relevant stakeholders

Explore technology solutions in collaboration with the technology team that could be applied specifically to run-off claims and support driving implementation

Ensure claim authority matrix and escalation compliance on the run-off portfolio

Liaise with Longtail Re on ADC compliance and any liability specific inquiries

Qualification

P&C insurance experienceRun-off liability managementData analytics proficiencyPortfolio managementAnalytical skillsRelationship managementCommunication skillsCreative problem solvingTime management

Required

Bachelor's degree, MBA or Master's degree from a top institution

A minimum of 20 years of experience in the P&C insurance or reinsurance industry in claims, underwriting portfolio management, or both

Global Insurance/Reinsurance industry experience a plus

Extensive experience operating within the insurance run-off sector, including managing legacy portfolios, understanding long‑tail liability dynamics, navigating regulatory and capital requirements, and applying tools such as commutations, policy buybacks, structured settlements, and reinsurance optimization to accelerate resolution and enhance economic outcomes

Proficient at applying data analytics to drive portfolio decisions

Clear, effective and engaging communicator, both verbal and written

Creative problem solver and critical thinker who can adapt quickly

Strong analytical and problem-solving 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 with a proven track record of collaborating across cross-functional, matrixed organizations