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Director, Rate Setting and Pricing
George Town, KY1, KYPosted 1 weeks ago
onsite
Job Description
Key Responsibilities:
Develop and maintain pricing and renewal rate setting models used in the management of non-guaranteed elements on existing in-force contracts and to generate proposals on new business flow arrangements
Contribute to the bi-weekly and monthly rate setting and reporting processes, including the development of pricing projections, quantitative analysis, rate recommendations, and MD&A
Establish and deepen relationships with clients through frequent engagement and regular touchpoints; assist in the development value-added services and support the sourcing and marketing of flow reinsurance solutions
Be part of corporate development deal team in its efforts to diligence, structure and underwrite flow reinsurance opportunities; contribute to the construction of technical models and analysis in support of the pricing process for block reinsurance and legal entity transactions
Assist in the evaluation and modeling of transactions by combining technical understanding of financial / regulatory concepts with creative problem solving
Contribute to coordination of workflow with external advisors and internal resources to ensure efficient deal processes and project management
Participate in deal discussions and gain familiarity with transaction agreements
Prepare presentation materials for meeting with executive management, investment committees, board, investors, financing providers, rating agencies, and regulators
Work with financial reporting, valuation, and risk management teams during diligence and upon completion of transactions to support the onboarding process
Take initiative to gain deeper understanding of target products, industry trends, and competitive landscape to help guide decision making and strategic initiatives; stay current on regulatory developments in all relevant jurisdictions
Fulfill other roles and responsibilities as required to support growth and evolution of overall enterprise
Qualifications and Requirements:
Bachelor's degree in mathematics, statistics, actuarial science, or related field
At least 5 years of work experience in insurance or finance, with expertise in financial modeling, liability management, and investments; pricing or rate setting experience with life and annuity products is considered a strong asset
Superior technical skills and strong attention to detail for the purposes of building models, improving processes, and solving complex problems
Excellent communication and interpersonal skills, with the ability to collaborate with various stakeholders at all levels within the organization as well as external partners
Self-reliant and capable of quickly learning new concepts, thinking creatively and critically, agile and adaptable to changing needs and challenges of a rapidly growing company, results-oriented and able to work under tight deadlines and demanding conditions
Proficient in Microsoft Excel and Microsoft PowerPoint; experience with Moody’s GGY AXIS is considered a strong asset
Ability to travel when required