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.
