Reinsurance, Director and Actuary

Talcott Financial Group* is an international life insurance company committed to providing comprehensive risk solutions to its customers. Whether it’s providing peace of mind for policyholders approaching retirement, or helping insurers solve complex risk and capital challenges, Talcott delivers practical solutions that support long-term stability for policyholders and clients.
Talcott offers the strength of an established organization with the mindset and approach of a modern platform. The enterprise is supported by a proven track record of well-executed transactions, investment-grade financial strength ratings, and strong financial position, with over $136 billion in assets under management. Talcott also benefits from a strategic partnership with Sixth Street, a leading global investment firm managing over $135 billion in assets.

Talcott’s approach to business is disciplined, transparent, and multi-channel, spanning retail annuities, block and flow reinsurance, and legal entity acquisitions. We have offices in Bermuda, the Cayman Islands, Connecticut, New York, and North Carolina.

Overview:

The Director of Reinsurance serves as a key ambassador for Talcott, building and maintaining strategic relationships with cedants and other external stakeholders. Working closely with actuarial, finance, legal, investments, and risk management, the Reinsurance Operations team has a unique enterprise-wide perspective and direct visibility into many of the company's most significant strategic initiatives. Success in the role requires a combination of technical expertise, business judgment, project leadership, and relationship management, offering an uncommon opportunity to influence both day-to-day operations and the long-term success of Talcott's reinsurance platform. Reinsurance Operations serves as the operational engine behind Talcott's reinsurance strategy, responsible for translating multi-billion-dollar transactions into successful long-term partnerships through treaty administration, financial settlements, collateral management, governance, reporting, and ongoing relationship management.

As reinsurance continues to be one of the insurance industry's most significant and evolving regulatory topics, the Director of Reinsurance will have the opportunity to stay at the forefront of emerging developments, engage with industry groups and counterparties, collaborate with senior leadership, and help shape the company's response to regulatory initiatives that are influencing the future of the global reinsurance marketplace. Our preferred candidate will work on a hybrid arrangement in our Hartford, CT. office. Remote work will be considered for this position.

Responsibilities:

Inforce Reinsurance Management

• Serve as the primary internal and external point of contact for cedant counterparties on assumed reinsurance transactions.
• Manage ongoing counterparty relationships, including timely responses to questions, requests, and emerging issues.
• Ensure Talcott meets contractual obligations, deliverables, and reporting requirements under applicable reinsurance agreements.
• Coordinate with internal subject matter experts to research, address, and resolve counterparty questions or operational issues.
• Lead periodic counterparty meetings and participate in in-person visits, as appropriate.
• Perform review and analysis of settlement statements and other cedant reporting

Corporate Development Transactions

• Support Corporate Development in due diligence for potential reinsurance transactions, acquisitions, and other strategic opportunities.
• Partner with Legal and Corporate Development to review auction drafts, transaction documents, and final agreements to help ensure provisions are operationally feasible, and favorable to Talcott.
• Serve as the primary business lead for operationalizing new transactions, working with project managers and subject matter experts across Investments, ERM, Finance, Actuarial, Treasury and other functions.
• Lead development of operational processes, controls, and governance routines to support Talcott’s contractual obligations, including settlement procedures, required balance calculations, trust funding processes, investment compliance reporting, and non-guaranteed element setting.
• Drive cross-functional issue resolution and ensure operational readiness prior to transaction close or implementation.

Affiliate Reinsurance Structures

• Lead the structuring and implementation of affiliate reinsurance transactions.
• Coordinate with internal and affiliate subject matter experts to ensure transaction documents accurately reflect the intended structure and support operational readiness.
• Partner with Legal and outside counsel to draft, review, and negotiate required legal documents, as appropriate.
• Support regulatory filings and related approvals associated with affiliate reinsurance transactions.
• Support settlement processing and provide review/analysis as needed

Qualifications:

• Bachelor’s degree in mathematics, actuarial science, economics, business, finance, accounting or a related field.
• Minimum of 5 years of experience in life insurance, annuities, reinsurance, insurance, finance, corporate development, actuarial, risk management or related insurance fields of interest
• Strong understanding of life and annuity insurance products, reinsurance concepts and insurance financial principles
• Actuarial designation of an ASA is required
• Experience reviewing, negotiating or operationalizing reinsurance agreements, trust agreements, settlement procedures, reporting requirements or related transaction documents is preferred
• Demonstrated ability to manage internal and external business relationships, respond to counterparty requests and drive issues to resolution.
• Strong critical thinking, analytical and reasoning skills
• Ability to manage multiple high-priority tasks with shifting priorities
• Excellent written and oral communication skills
• Experience leading cross-functional initiatives involving Legal, Actuarial, Finance, Investments, ERM, Operations, Banking or similar subject matter experts is a plus
• Demonstrated professional diplomacy with the ability to work effectively with senior leaders, peers and external business partners
• Familiarity with reinsurance collateral, trust funding, required balance calculations, investment compliance reporting, regulatory filings, hedging or reserving is preferred

Compensation:

This range represents the minimum and maximum annual base salary we reasonably expect to pay for this role at the time of posting. The actual base pay could vary and may be above or below the listed range. The base pay is based on factors including but not limited to experience, competence, and demonstration of proficiencies essential for the role. The base pay is just one component of Talcott’s total annual compensation for employees. Other compensation may include annual bonuses, long-term incentives and recognition.

*This role is not eligible for visa sponsorship. Applicants must be authorized to work in the United States on a full-time basis without current or future visa sponsorship.

**Talcott Financial Group is an equal employment employer. All qualified applicants will receive consideration without regard to race, color, sex, religion, age, national origin, disability, veteran status, sexual orientation, gender identity or expression, marital status, ancestry or citizenship status, genetic information, pregnancy status or any other characteristic protected by law. Talcott Resolution maintains a drug-free workplace. For more information regarding our Privacy Policy, please go to https://talcott.com/onlineprivacypolicy/onlineprivacypolicy.html