Job Description
PartnerRe is a leading, privately owned, multi-line global reinsurer with a reputation of financial stability and strength, and a commitment to rebuilding businesses and communities after risk events around the world.
Our mission is to continue to be a financially stable and predictable business partner, supporting our clients with solutions tailored to their needs, delivering superior returns to our owner, providing rewarding opportunities for our people and making a positive contribution to society. To achieve this, we live by our values of Integrity, Performance, Collaboration, Straightforward Communication and Respect and Care.
Core to The PartnerRe Experience is our global nature. No matter where you sit in the company, you are part of something bigger. Our teams represent our truly international mindset, forging connections across office locations and all levels of the organization and building a network of mutual success. The result is a day-to-day experience that will allow you to:
Shape your own career
Grow in a supportive environment
Connect with a community of experts
Make an impact
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Job Description
About the Position:
SSPA will be responsible for structuring and pricing new NA FINSOL transactions. The position will work closely with the FINSOL business development team on new opportunities and will include some amount of travel.
Key Responsibilities:
- Structure and price financial reinsurance solutions understanding the accounting, regulatory and economic risk parameters
- Development pricing models analyzing the risk and profitability of life reinsurance solutions:
- Organize, evaluate and analyze data need for transactions
- Will interact with L&H risk officers, senior executives and other team members seeking approval on transactions
- Contribute to deal execution including responding to RFPs, assisting in negotiating terms with clients and authoring internal approval memorandums
- Prepare and present internal and external presentations on life reinsurance topics as required
Qualifications
Technical Skills / Competencies:
- Strong actuarial background working on life insurance / reinsurance transactions; pricing, valuation or financial reporting
- Familiar with various capital regimes: NAIC RBC, BSCR or Solvency II
- Knowledge of USGAAP accounting standards and financial reporting is advantageous
- Prior experience working on financial solution transactions would be advantageous
- Proficient in building MS-Excel models taking projected balance sheet and income statements into transaction specific models
Behavioral Competencies:
- Comfortable in a client facing capacity as well as working in a dynamic and fast paced environment
- Great communication, strong analytical and problem-solving skills
- Ability to understand projects and define the necessary steps until completion
- Will be an individual contributor position and requires the position to complete tasks vs. delegating responsibilities. Will be working in a strong and cooperative team environment
Work Experience:
- Qualified life actuary (FSA, FIA or career ASA) with at least 8 years of relevant financial services industry experience
Education:
- Bachelor's Degree
Professional Qualifications or Designations:
- FSA / FIA or career ASA
Additional Information
PartnerRe provides a working environment in which diversity is valued, where all employees feel welcome, respected, and empowered to perform at their best. We invite you to learn more about D&I at PartnerRe.
Thank you,
PartnerRe Hiring Team