SVP, Legacy Liability Portfolio Manager

Everest•Boston, MA

About The Position

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. Position Summary The SVP, Legacy Liability Portfolio Manager will build and influence Everest’s portfolio-level liability strategy on the run-off portfolio to accelerate closure, improve earnings and reduce volatility. Reporting to the CEO of Legacy Operations, you will play a crucial role in driving targeted initiatives and a run-off focused claims lens to the Group in collaboration with centralized claim, operations and reinsurance teams.

Requirements

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
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

Nice To Haves

Global Insurance/Reinsurance industry experience a plus

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