Assistant Vice President, Transactional & Private Equity Claims

Title: Assistant Vice President, Transactional & Private Equity Claims Company: Everest Insurance Company Job Category: Claims Job Description: 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. About the Role: The Assistant Vice President, Transactional & Private Equity Claims is a senior claims leader responsible for the strategic oversight, operational excellence, and performance of the Transactional and Private Equity (Reps & Warranties) Claims portfolio. This role provides enterprise-level leadership for a complex, high-severity claims book and leads a specialized claims team, ensuring consistent application of best-in-class claims practices, disciplined reserving, and alignment with broader company objectives. The AVP serves as a key advisor to executive leadership and business partners on matters involving significant financial, legal, and reputational exposure, while also acting as a visible representative of the organization to insureds, brokers, reinsurers, and industry stakeholders. Key Responsibilities: Portfolio & Strategic Leadership Own and direct the Transactional and Private Equity claims portfolio, providing strategic oversight of complex, high-exposure matters within delegated authority. Establish and manage portfolio-level strategies for reserving, large loss reporting, claim resolution, and emerging risk identification. Identify, analyze, and communicate loss trends, legislative developments, and market dynamics with enterprise-wide implications. People & Performance Management Lead, mentor, and develop a team of claims professionals, setting clear expectations for performance, technical excellence, and professional growth. Establish individual and team goals, metrics, and performance standards aligned with Claims Department strategy and company initiatives. Promote a collaborative, accountable, and high-performance culture across the claims organization. Executive & Stakeholder Engagement Serve as a trusted advisor to senior management on claims presenting significant exposure or precedent-setting outcomes. Maintain strong, strategic relationships with insureds, brokers, reinsurers, underwriters, actuaries, and internal partners. Represent the organization at client meetings, broker presentations, and industry events to support retention, market credibility, and business development. Claims Oversight & Technical Excellence Provide executive-level oversight of complex coverage analyses, liability assessments, and damages evaluations. Review and approve coverage position letters involving novel or high-risk issues. Ensure timely, accurate, and appropriate reserving practices consistent with internal controls and governance standards. Direct and approve negotiation, mediation, and settlement strategies; monitor and attend trials, mediations, and settlement conferences as required. Vendor & Financial Management Oversee relationships with critical vendors, including outside counsel, forensic experts, and other specialists. Review, approve, and manage legal budgets and fee arrangements to ensure cost discipline and value. Prepare and present Large Claim Reports for matters involving significant reserves, litigation activity, or trial exposure. Cross-Functional Partnership Partner closely with Underwriting to support risk selection, policy construction, and drafting, leveraging claims insights and data analytics. Provide feedback on policy language, claims trends, and underwriting risk assessment to drive product improvement and profitability. Utilize data, metrics, and analytics to optimize claim outcomes, esource allocation, and operatio