5+ years of experience in actuarial or mathematical modeling for complex data analysis.
Experience in insurance, investment banking, or financial services sectors.
Proficient in conducting actuarial and financial analyses of annuities and life insurance.
Skilled in developing actuarial models in Excel with mortality-contingent calculations.
Experience using Power BI for data analysis and visualization.
3+ years managing junior actuarial associates and developing product strategies.
ASA or FSA designation required; Master's degree in a quantitative field preferred.
Responsibilities
Lead all phases of reinsurance transactions from target identification to closing.
Develop and maintain complex transaction models and assumptions.
Manage relationships with third-party reinsurance clients and discuss industry trends.
Prepare internal deal documents for management approval.
Document internal controls and enhance transaction review processes.
Research actuarial concepts and industry trends impacting deal valuation.
Analyze due diligence materials related to insurance liabilities and cash flows.
Benefits
Opportunity to work from home a few days per week.
Collaborative work environment with cross-functional teams.
Engagement with third-party clients and industry leaders.
Access to ongoing professional development and training opportunities.
Full Job Description
Purpose & Impact:
The AVP Corporate Development leads all phases of a reinsurance transaction, from initial target identification through bidding, transaction structuring, contract negotiation, closing and post-close- activities. This role also develops and maintains the highly complex transaction models and assumptions, which are based on complex mathematics and algorithms.
Key Deliverables:
Leads all phases of a reinsurance transaction, from initial target identification through bidding, transaction structuring, contract negotiation, closing and post-close- activities.
Contribute to the development of transaction models and assumptions.
Manage third-party reinsurance clients, including ongoing discussions on industry trends, new and existing products, rate setting strategies, rate communications and additional business opportunities.
Prepare internal deal documents and materials for the management approval process.
Document internal controls, develop and implement policies and procedures to enhance transaction review process and overall quality of deliverables.
Research and summarize actuarial concepts, regulations and industry trends including actuarial guidelines, capital market and insurance industry activities and trends which could impact deal valuation.
Analyze due diligence materials including actuarial appraisals, confidential information memoranda, policy forms, product specifications and insurance liability cash flows.
Oversee projects, collaborate with other business units, and maintain third party business relationships.
Work site is New York, New York with the opportunity to work from home a few days per week.
What You Need to Bring:
5 years of experience:
Building and using actuarial or mathematical models to perform complex data analyses;
Working in the insurance, investment banking and/or financial services sector
Conducting actuarial and financial analyses of annuities and life insurance matters
Developing actuarial models in Microsoft Excel utilizing mortality-contingent financial and statistical calculations
Using financial and statistical modelling to forecast economic outcomes under adverse asset and liability scenarios
Using Power BI for data analysis, data visualization, and reporting.
3 years of experience:
Managing team of junior actuarial associates
Analyzing, interpreting, and evaluating data to develop product strategies
Visual Stream Mapping
LEAN methodologies
Microsoft PowerPoint
ASA or FSA required.
Masters degree or foreign equivalent in Mathematics, Finance, Economics, Business Administration with a major in Finance or a closely related quantitative field. We will accept as equivalent a bachelors degree plus 7 years of progressive related experience.
$138,278 to $244,030 USD Annual
Annual Salary for this role is market competitive. Actual salary for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Depending on the role, a discretionary bonus plan or variable sales incentive may be included.
