Title:

Vice President, Credit Risk

Company:

Everest Global Services, Inc.

Job Category:

Risk Management

Job Description:

About the Role:

Everest is seeking a seasoned and strategic Vice President, Credit Risk to join the Enterprise Risk Management Team. This role will be responsible for establishing and leading a best-in-class enterprise credit risk framework, providing independent oversight and challenge across underwriting, investment, reinsurance, and other credit-sensitive exposures throughout the organization.

Reporting to the SVP of Financial Risk, the VP of Credit Risk will serve as Everest's senior subject matter expert on credit risk, helping shape risk appetite, capital allocation, portfolio management, and strategic decision-making. The role requires a unique blend of insurance expertise, credit risk management, portfolio analytics, governance, and executive engagement. The successful candidate will possess deep expertise in Property & Casualty underwriting-related credit exposures, including Surety, Trade Credit, Mortgage, Structured Credit, and Large Deductible programs, while also overseeing broader credit risks arising from investments, reinsurance counterparties, fronting arrangements, and premium receivables.

Key Responsibilities

Enterprise Leadership

Serve as a key member of the ERM Leadership Team, contributing to the overall risk strategy and governance of the organization.
Develop and execute a comprehensive enterprise-wide vision for credit risk management.
Act as the primary advisor to senior management on emerging credit risks, portfolio exposures, and risk mitigation strategies.
Represent Credit Risk in executive committees, risk governance forums, and interactions with rating agencies and regulators.

Credit Risk Governance & Oversight

Establish and chair the Group Credit Risk Committee, ensuring effective executive oversight of credit exposures across the enterprise.
Develop policies, standards, limits, and governance practices supporting a consistent approach to credit risk management.
Deliver regular reporting and insightful analysis to executive leadership and risk committees.

Underwriting Credit Risk

Provide oversight and independent challenge of underwriting-related credit exposures, including:
- Surety
- Trade Credit
- Mortgage Insurance
- Structured Credit
- Large Deductible Programs
Evaluate portfolio quality, underwriting concentrations, emerging risks, and aggregate exposures across business lines.
Develop consistent methodologies for measuring and monitoring underwriting credit risk globally.

Investment & Counterparty Credit Risk

Oversee enterprise exposure to investment credit risk, including spread, migration, and default risk.
Provide oversight of reinsurance counterparty risk and fronting-related exposures.
Assess and monitor premium receivables and other material credit obligations across the group.
Partner with Investments, Reinsurance, Underwriting, Finance, and Actuarial teams to ensure effective risk identification and management.

Portfolio Management & Analytics

Establish robust portfolio monitoring capabilities across counterparties, industries, sectors, and geographic regions.
Create enterprise-wide views of aggregate credit exposure and concentration risk.
Develop watchlists and escalation frameworks for high-risk or deteriorating exposures.
Leverage data and analytics to provide actionable insights that support strategic decision-making.

Risk Appetite & Framework Development

Design and implement a comprehensive credit risk framework integrated with Everest's enterprise risk appetite.
Establish concentration limits and exposure management standards across both underwriting and investment portfolios.
Ensure consistent measurement and aggregation of credit risk across the organization.

Stress Testing & Emerging Risk Assessment

Lead enterprise credit stress testing and scenario analysis programs.
Evaluate portfolio resilience under adverse scenarios, including:
- Global Financial Crisis-type events
- Sovereign downgrade or default scenarios
- Industry-specific downturns
- Credit market dislocations
- Correlated counterparty failures
Translate stress-testing results into strategic risk management and capital planning insights.

Independent Review & Challenge

Provide independent assessment of credit quality, underwriting assumptions, ratings methodologies, and portfolio construction.
Identify gaps between internal analysis, external ratings, and emerging market conditions.
Partner with business leaders to enhance risk-adjusted performance and portfolio quality while maintaining disciplined growth.

Qualifications

Required Experience

15+ years of experience in credit risk, enterprise risk management, underwriting, investments, or related financial risk disciplines.
Deep expertise in P&C underwriting credit risk, particularly within Surety, Trade Credit, Mortgage, Structured Credit, and/or Large Deductible portfolios.
Demonstrated success building or leading enterprise credit risk frameworks within a complex financial services or insurance organization.
Experience interacting with executive leadership, boards, regulators, and rating agencies.
Strong understanding of portfolio management, concentration risk, stress testing, and risk governance.

Preferred Experience

Investment credit risk management, including spread, migration, and default risk.
Reinsurance counterparty and fronting risk oversight.
Premium receivables and collections-related credit risk.
Private credit markets and alternative credit investments.

Additional Preferred Qualifications

Knowledge of derivatives and associated credit and counterparty risks.
Familiarity with credit risk considerations embedded within regulatory and rating agency capital models, including:
- BSCR
- AM Best
- S&P Capital Model
- RBC
Advanced degree in Finance, Economics, Risk Management, Mathematics, Actuarial Science, or a related discipline.
CFA, FRM, PRM, or similar professional designation preferred.

The base salary range for this position is $206,000 - $260,000 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 to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).

What if I don’t meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn’t align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.

Type:

Regular

Time Type:

Full time

Primary Location:

Warren, NJ

Additional Locations:

London, New York, NY, Zurich, Switzerland

Everest Re Group

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