Position Overview
RGA’s culture stresses high performance and collaboration, and the company hires the smartest people in the industry. And, the smart people they hire are not just number crunchers. RGA values creativity and curiosity. RGA also values humility, and its employees work together without ego to bring value to RGA while revolutionizing the life and health insurance space.
The Executive Director, Transaction Manager will be responsible for cross-functional project teams that develop large and complex reinsurance and financing transactions within GFS’ mandate in North America. Complete transactions that meet the needs of our clients while maximizing value to RGA and complying with pricing, risk, accounting, tax, legal, and other internal guidelines. Role is primarily focused on transactions within North America but may include responsibility for supporting GFS transactions from other international regions, as needed. (The expected net income of a single transaction typically exceeds $1 million/year.)
Responsibilities
- Manage a project team of professionals of varying levels (including business development, pricing, investments, legal, and other corporate partners as needed) to structure and complete highly complex financially-motivated reinsurance transactions in North America. Provide a point of leadership as well as coordinate a collaborative effort to develop optimal solutions to meet client objectives.
- Coordinate the processes of analyzing transactions through interaction with the various technical experts in pricing, risk analysis, structured finance, accounting, legal, investments, tax, etc. Anticipate, identify and resolve issues that arise during the RGA transaction analysis process to maximize the chance of a successful outcome. Work with the project team to identify any issues related to the transaction and coordinate with the appropriate technical experts to make sure these issues get properly resolved in a timely manner to maximize the chance of success. Note that this position does not need to have all of the technical expertise to analyze a transaction and resolve every issue but must have enough of an understanding of the transaction, the issue and the organization to coordinate an appropriate response to resolve issues and successfully complete a transaction.
- Provide regular communication of the status of a transaction and key outstanding issues, deadlines, challenges, etc. to interested stakeholders including Corporate partners, GFS and other RGA senior management. Apply project management tools and processes as needed to efficiently accomplish a successful outcome.
- Work closely with GFS business development colleagues to facilitate the sales and negotiation process with the client. This involves regular client contact and may involve periodic travel with business developers, as required.
- Coordinate any necessary approvals to complete a transaction and ensure communication channels are open internally and externally. This may either be done directly or in conjunction with the support of a Transaction Facilitator.
- Coordinate implementation with the GFS Risk Management team and provide for ongoing support of GFS reinsurance transactions, as is necessary.
Requirements
Education and Experience
Required:
- BS/BA in Business, Actuarial Science or related degree, or equivalent experience
- 8+ years of insurance, reinsurance or finance experience
- 5+ years experience specializing in one or more of the following:
o Financial reporting
o Statutory & GAAP Accounting
o Detailed insurance/reinsurance regulation & structure
o Actuarial principles and/or modeling
o Investment concepts
o Capital management - 5+ years project management/project lead experience
Preferred:
- 5+ years experience specializing in 2 or more areas listed above
- MBA or FSA
Skills and Abilities
Required:
- Intermediate Microsoft Office Skills
- Advanced interpersonal, leadership and motivational skills, demonstrating the ability to lead projects and mentor others
- Advanced understanding of reinsurance concepts
- Technical knowledge of actuarial science, investments, contract law, accounting or finance.
- Ability to quickly adapt to new methods, work under tight deadlines and stressful conditions
- Advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received
- Advanced investigative, analytical and problem solving skills
- Ability to work well within a team environment, participate in department/team projects and balance detail with departmental objectives
- Advanced ability to manage multiple projects and/or teams simultaneously
- Advanced ability to liaise with individuals across a wide variety of operational, functional and technical disciplines
- Advanced ability to translate business needs and problems into viable/accepted solutions
- Advanced skills in customer relationship management and change management
- Ability to resolve conflict and foster teamwork
- Broad business knowledge
- Advanced persuasion and negotiating skills when working with internal/external customers
Preferred:
- Advanced knowledge of reinsurance or structured financing
- Ability to work a flexible schedule to accommodate peak times
Company Overview
Reinsurance Group of America, Incorporated (NYSE: RGA) is one of the largest global providers of life reinsurance, with offices around the world. RGA delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, financial solutions, facultative underwriting and product development. Our mission is to enhance our clients’ prosperity by supporting their financial and risk management capabilities.
External Job Language
RGA offers an array of benefits including flexible plans for medical, dental, and vision coverage; 401(k) plan with generous employer match; Life and Accidental Death and Dismemberment Insurance; Short-term and Long-term Disability coverage; Employee Assistance Program; Paid Time Off; and other benefits designed to provide the flexibility to choose a plan that meets your needs. Pay is based on a number of factors including local market, a candidate’s skills, and experience commensurate with a role, etc. Colorado residents’ salary range: $110,700 to $164,945 + Annual Bonus.
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