AVP Pricing

We are Athene. At Athene, we are driven to do more. We are a leading retirement services company that issues, reinsures and acquires retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. We see every day as a new opportunity to measure ourselves against the best - and then we don't stop until we've set the bar even higher. We're ready to help you achieve more.

Purpose:

Reporting to VP, Reinsurance Pricing, this role is responsible for supporting the development and review of pricing and other analytical models and the management of active and prospective flow and reinsurance transactions.

Accountabilities:

• Lead all phases of a flow transaction process, from initial target identification through product design, reinsurance structuring, pricing, contract negotiation, closing and transitioning to ongoing rate setting and deal tracking
• Supervise the creation of pricing models for each proposed transaction
• Perform due diligence related to product design including identifying client goals and targets, analyzing experience data to set assumptions, and identifying risk exposures and mitigation
• Contribute to the development of key inputs and assumptions within transaction diligence and pricing models
• Lead the preparation of internal deal documents such as the Transaction Memorandum and pricing materials for the management approval process
• Ensure successful transition post-closing, working collaboratively with marketing, financial reporting, and financial operations team
• Drive the documentation of internal controls and develop and implement policies and procedures to promote more rigorous transaction review; Support other process improvements which help to improve quality and effectiveness of future flow deal deliverables
• Manage projects with appropriate oversight, collaborate with other business units, and maintain third party business relationships
• Research and be able to summarize and explain actuarial concepts and regulations; Stay abreast of capital market and insurance industry activities and trends.
• Seek out and understand proposed and newly implemented actuarial guidelines, relevant accounting pronouncements, regulatory updates, and other key issues which could impact deal valuation
• Work collaboratively with peers and manage or mentor less experienced staff
• Perform peer reviews of work product created by others in the flow pricing department

Qualifications and Experience:

• Bachelor’s degree in Mathematics, Finance or related field
• 8+ years of experience in the life insurance or reinsurance industry or investment banking background with significant experience in the financial services / insurance sector
• Ideal candidate will have a significant experience with asset-intensive insurance pricing and/or accounting/financial reporting/capital modeling, with mastery of international Solvency frameworks (Solvency II, ICS, etc.)
• Professional designation required and preferred designations are FSA or FIA; in absence of an actuarial designation, strong consideration given to candidates who have a CFA, CPA or similar designation
• Strong attention to detail and the ability to prioritize and manage several projects
• Demonstrated leadership qualities
• Strong written and verbal communication skills
• Understanding of statutory and GAAP accounting
• Advanced user of Microsoft Excel, with the ability to embed good organization and high levels of flexibility and auditability in large projects
• Experience with actuarial systems, such as MG ALFA, Polysystems or GGY AXIS
• Programming experience such as SAS, VBA, R, or Python
• Exhibit dedication to completing tasks thoroughly and on time, including under time pressures and outside normal working hours
• Ability to view “big picture”, understand broad corporate impacts, and focus on company objectives

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