Director Pricing

Posted 5 Days Ago
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Hamilton, City of Hamilton
In-Office
Senior level
Fintech • Insurance
The Role
This role involves leading pricing model development, managing transactions, conducting due diligence, and mentoring staff in pricing departments.
Summary Generated by Built In

We are driven to do more. More for our customers and the financial professionals who offer our products. If you are driven to do more and love the challenge of pursuing more, Athene is your kind of company. You will find we offer more than the basics to create an inclusive and dynamic work environment at our various locations.

Purpose:

Reporting to the VP, 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:

  • Take lead on main phases of a flow transaction process, from initial target identification through product design, pricing, contract drafting, closing and transitioning to rate setting
  • Create, or 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
  • 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 flow deal deliverables
  • Manage projects with appropriate oversight, collaborate with other business units
  • 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
  • Maintain appropriate levels of confidentiality


Qualifications and Experience:

  • Bachelor’s degree in Mathematics, Finance or related field and FSA or FIA actuarial designation
  • 7+ 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.)
  • Strong attention to detail and the ability to prioritize and manage several projects
  • Demonstrated leadership qualities
  • 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

Drive. Discipline. Confidence. Focus. Commitment.  Learn more about working at Athene.

Athene is a Military Friendly Employer!  Learn more about how we support our Veterans.

Athene is committed to inclusion and is proud to be an Equal Opportunity Employer.  We do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, marital status, sexual orientation, veteran status or any other status protected by federal, state or local law..

Top Skills

Ggy Axis
Mg Alfa
Excel
Polysystems
Python
R
SAS
VBA
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The Company
HQ: West Des Moines, IA
1,254 Employees
Year Founded: 2009

What We Do

Athene, through its subsidiaries, is 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. The products offered by Athene include:
• Retail fixed, fixed indexed and registered index-linked annuity products;
• Reinsurance arrangements with third-party annuity providers; and
• Institutional products, such as funding agreements and group annuity contracts related to pension risk transfers.

Athene's subsidiaries include Athene Annuity & Life Assurance Company, a Delaware-domiciled insurance company, Athene Annuity and Life Company, an Iowa-domiciled insurance company, Athene Annuity & Life Assurance Company of New York, a New York-domiciled insurance company, Athene Securities, LLC, an Iowa-domiciled registered broker-dealer (member FINRA), and Athene Life Re Ltd., a Bermuda-domiciled reinsurer.
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The financial industry is ripe for change and Athene is leading the way. We’re determined to make retirement easier for you and other Americans by harnessing our passion, smarts and relentless spirit.

Learn how to become an Athene financial professional at www.athene.com/contact.

If you love a challenge and are driven to succeed, then Athene is your kind of company.

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