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Title:
Manager, Reinsurance Accounting

Company:
Everest Insurance Chile

Job Category:
Finance

Job Description:
It’s an exciting time for Everest Re Group, Ltd. (“Everest”)! As we continue 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:

- Continuing education
- Mentoring opportunities
- Adaptable work arrangements
- Talent development initiatives
- Networking groups

Everest is a growth company with $14 Billion of Gross Written Premium offering Property, Casualty and specialty products among others, through its various operating subsidiaries located in key markets around the world. Everest has been a global leader in reinsurance with a broad footprint, deep client relationships, underwriting excellence, responsive service, and customized solutions. Our insurance arm draws upon impressive global resources and financial strength to tailor each policy to meet the individual needs of our customers.





Our financial strength is evident in Financial Agency Ratings of: A+ A. M. Best, A+ S&P; Global and A1 Moody’s Investor Service. We are a market leader for our broad diversified income streams, strong underlying underwriting performance with reduced volatility and strong cash flow. We take pride in being known in the industry as nimble, entrepreneurial, and responsive.

Key responsibilities:

- Reinsurance Accounting
- Manage and oversee the reinsurance accounting for Chile.
- Set up Treaties (Quota share, Surplus, Excess of Loss, Automatic Facultative) and facultative reinsurance contracts in the ceded reinsurance accounting system (XL Pro and VT), including relevant contract details (e.g. aggregates, retentions, inuring coverage, exclusions, adjustable features, etc)
- Validate reinsurance contracts set up and calculation (e.g. QS, RIPS, adjustments premiums, etc) in XL Pro ensuring consistency with the placement team’s contract intention and contract documentations
- Ensure and deliver timely quarterly financial reconciliations of ceded reinsurance related accounts in support of the Everest Group’s consolidated US GAAP financial statements and local accounting and regulatory standards
- Liaise closely with the Ceded buyers, underwriting, claims, and actuarial departments to ensure the proper interpretation and recognition of complex reinsurance agreements.
- Accounting of ceded balances held outside of XL Pro (e.g.



manual adjustments)
- Reporting and Statements
- Prepare and analyse financial reports related to reinsurance activities
- Deliver management reporting, as defined with the Head of International RI Accounting and International Financial Controller to guide reinsurance strategy.
- Prepare on a timely basis, ceded accounts, bordereaux and recording of related ceded payable and recoverable amounts
- Support the delivery of requested data to actuarial teams to meet reserving requirements and to Financial Reporting to meet local and regulatory reporting requirements.
- Ensure timely collection and payment of ceded reinsurance balances
- Support the implementation of the Everest Insurance Ceded Reinsurance system for International (e.g. Europe (EIID and branches), Asia, Pacific as well as Lloyd’s syndicate)
- Support the design, implementation and maintenance of a consistent control framework, which is compliant with Sarbanes-Oxley, covering both reinsurance placement and accounting
- Support the design and implementation of a closing calendar and controls relating to the ceded reinsurance operations which meet International and Divisional quarterly closing calendar deadlines
- Support the Head of International RI Accounting to drive improvements to the ceded reinsurance accounting systems and processes.
- Ensure compliance with accounting standards, regulations, and internal policies related to reinsurance accounting
- To work closely with the Head of International RI Accounting on recurring and ad hoc requirements, including audits, Reinsurance MI, documentations, reconciliations.
- Assist in additional projects/tasks as assigned
- Request and review binding documentation for contractual placements to validate re

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📌 Manager, Reinsurance Accounting (Santiago)
🏢 Everest Re Group
📍 Santiago