Executive Director, Pension Risk Solutions

RGA Reinsurance Company • $126K — $188K *

Chesterfield, MO 63017In-Person

Finance & Insurance

8 - 10 years of experience

Today

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Job Overview by Ladders

Qualifications

Bachelor's Degree in Business, Actuarial Science, Administration, Marketing, or related field, or equivalent work experience
10+ years of experience in pension consulting, life, or health insurance/reinsurance
2+ years of hands-on transactional experience in the Pension Risk Transfer (PRT) market
Proven track record in managing RFP processes and negotiating legal agreements related to PRT transactions
Exceptional oral and written communication skills; able to convey complex business terms to varied audiences
Strong analytical, investigative, and creative problem-solving skills
Advanced relationship-building skills, especially with external partners in the financial services industry

Responsibilities

Lead complex PRT transaction processes from initiation to implementation
Act as the operational focal point for executing transactions involving significant cross-functional resources
Collaborate with Global Strategy and Transaction Services to implement strategic initiatives
Build relationships with consultants, brokers, fiduciaries, and plan sponsors to identify transaction opportunities
Position RGA as a preferred partner in the PRT market by applying best practices in pension de-risking
Oversee the PRT transaction negotiation and quoting processes
Develop strategic marketing plans and analyze PRT market trends for business enhancement

Benefits

Health insurance options including medical, dental, and vision coverage
Retirement savings plan with employer contributions
Annual bonus plan for eligible roles
Long-term equity incentive plan for select positions
Comprehensive employee benefits package including wellness programs

Full Job Description

Position Overview

Manages RGA Americas Institutional Markets distribution and sales efforts for Pension Risk Transfer (PRT) opportunities from initial triage and prioritization to bidding and implementation process.

Responsibilities

Lead large and/or complex PRT transaction processes from initial triage and prioritization, through bidding, to policy implementation
Using depth of experience, act as the operational focal point in getting transactions, requiring significant cross-functional resources, successfully executed;
Works closely with Global Strategy and Transaction Services unit to execute strategic and governance plans.
Works with U.S. PRT Business Development team, to foster regular contact and relationships with consultants, brokers, fiduciaries and plan sponsors regarding transaction opportunities, contract negotiation, and transaction management. Seeks and provides appropriate advice and counsel.
Positions RGA as the insurer partner of choice in the PRT marketplace by bringing knowledge and application of best practices in areas of pension plan de-risking.
Manages RGA Americas Institutional Markets distribution and sales efforts for Pension Risk Transfer (PRT) opportunities from initial triage and prioritization to bidding and implementation process. Oversees PRT transaction negotiations. Ensure effective and efficient quoting process
Works with U.S. PRT Business Development team to create strategic marketing plans and gather market intelligence. Analyze PRT market trends in assessing opportunities, support product strategy and enhancement, and build best practices for the business.
Foster regular contact and relationships with consultants, brokers, fiduciaries and plan sponsors regarding transaction opportunities, contract negotiation, and transaction management. Using deep and trusted relationships, determine client needs and objectives, understand and analyze client information, to create customized solutions to meet those needs and objectives
Demonstrates and utilizes market knowledge and value added where possible and appropriate.
Partner with RGA corporate functions such as Pricing, Global Strategy and Transaction Services, Investments, and Legal to build operational processes as well as innovative transactions that meet RGA's corporate objectives

Requirements

Bachelor's Degree in Arts/Sciences (BA/BS) Business, Actuarial Science, Administration., Marketing or related degree, or equivalent equivalent work experience
10+ Years pension consulting, life or health insurance/reinsurance experience
2+ Years hands-on transactional experience in PRT market (e.g. direct carrier, broker, advisor, law firm) and understanding of trends and developments in corporate pension plan de-risking is preferred
Experience and involvement in PRT transactions (as consultant or insurer) including managing RFP process, preparing materials needed to respond to the RFP, negotiating business aspects of legal agreements (such as commitment agreement, group annuity contracts and group annuity certificates), experience with processes and transaction flow related to pricing, investments and pension administration is preferred
Exceptional oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received to internal and external audiences
Expert ability to translate business needs and problems into viable/accepted solutions
Ability to work independently with minimal guidance; manage self and supporting teams in a dynamic and high-pressure environment while managing multiple concurrent deadlines; very strong organizational and time management skills
Expert investigative, analytical and creative problem solving skills, curious, innovative, flexible approach; ability to exercise judgement based on the analysis of multiple sources of information; keen sense of when to elevate questions or issues and seek guidance
Strong computer based technical skills, including MS Office applications
Highly advanced relationship building skills, specifically in relation to key external relationships in the business channel
Ability to implement organizational, divisional, and/or departmental vision and goals that result in achievement
Very strong relationship building skills, specifically in relation to key external relationships for the business channel
Ability to work and manage self and teams in a dynamic and high-pressure environment while managing multiple concurrent deadlines
Ability to make timely and effective decisions
Strong persuasion and negotiation skills when working with internal/external customers to resolve complex, financially significant issues/problems; works to build consensus with stakeholders
Industry knowledge of PRT landscape including PRT brokers, advisors, plan sponsors, etc. that will deliver on RGA's client engagement and product development objectives for the business

#LI-SP2 #LI-REMOTE

Compensation Range:
$126,710.00 - $188,840.00 Annual

Base pay varies depending on job-related knowledge, skills, experience and market location. In addition, RGA provides an annual bonus plan that includes all roles and some positions are eligible for participation in our long-term equity incentive plan. RGA also maintains a full range of health, retirement, and other employee benefits.

About RGA Reinsurance Company

RGA Reinsurance Company Careers

There has never been a more opportune time to join the dynamic team at RGA Reinsurance Company—the leading entity in the reinsurance industry globally.

Work You’ll Do

Join RGA Reinsurance Company's top-tier team to assist some of the most prominent companies worldwide in navigating their challenges and seizing growth opportunities through innovative reinsurance solutions. Transform the reinsurance landscape with the brightest minds at RGA Reinsurance Company, where leadership, innovation, and a commitment to diversity training shape the future of the industry. Lead from a unique position in the marketplace, at the crossroads of deep industry expertise and groundbreaking innovation. Engage with a global team of business and reinsurance advisors to help clients master their strategic objectives. Collaborate with the most skilled group of reinsurance professionals in the world, dedicated to excellence and forward-thinking solutions.

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The initiative aims to build a market-leading team to guide some of the world’s most renowned companies through their strategic reinsurance needs with unmatched expertise.

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Join the largest group of reinsurance experts globally—dedicated professionals at the nexus of technology, industry knowledge, and digital transformation.

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Deliver targeted reinsurance solutions through a depth and breadth of consulting experience and innovation that’s unparalleled in the industry.

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Work with a wide range of reinsurance technologies and leverage the unparalleled capabilities, global scale, and joint solution development of a powerhouse team.

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