3-5 years of experience in the financial services industry, with a focus on reinsurance or actuarial roles.
Familiarity with life and annuity product features is preferred.
Proactive mindset with a strong initiative to suggest actions independently.
Excellent verbal and written communication skills, capable of simplifying technical concepts for non-technical audiences.
Responsibilities
Analyze the financial impact of changes in reinsurance coverage and retention.
Oversee the work performed by the reinsurance TPA and internal modeling team.
Organize and present ongoing program performance to internal committees and senior management.
Manage external relationships with reinsurers and stakeholders effectively.
Provide expertise on reinsurance products and systems across the company and TPA.
Address escalated issues related to reinsurance pricing and implementation.
Benefits
Opportunity to work in a collaborative environment with cross-functional teams.
Engagement with both internal and external stakeholders, enhancing professional network.
Potential for discretionary bonuses based on performance.
Position located in Des Moines, offering a stable work environment.
Full Job Description
POSITION OVERVIEW
The Reinsurance Management position will act as the key contact for internal and external queries related to reinsurance on both Life and Annuity products. Additionally, this role will be the primary point of contact for reinsurers and reinsurance administrator TAI. This position will coordinate and interact internally including product development, corporate actuarial, legal and IT. External interactions include our third party reinsurance partners, external reinsurers and key stakeholders. Position is being considered to join our Des Moines office.
RESPONSIBILITIES:
Analyze financial impact of changes in reinsurance coverage and retention
Oversight of work effort performed by the reinsurance TPA and internal modeling team
Organize and present to internal committees and senior management ongoing program performance and potential strategic management decisions
Strong people skills, including external relationship management
Provide product and system expertise related to reinsurance for all areas of the company and our reinsurance third party administrator (TPA)
Respond to escalated issues relating to reinsurance pricing, implementation or queries
QUALIFICATIONS:
Exposure to reinsurance and/or actuarial background required. Approx. (3-5) years of financial services industry experience is required
Experience with life and annuity product features is preferred
A "go getter" mentality, taking initiative and suggesting a course of action independently
Strong verbal and written communication skills with the ability to present technical information to non-technical audiences
This is the expected annual base salary range for this Des Moines-based position. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.
