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There are currently 14 positions listed with Transamerica Reinsurance.
3553 | Actuarial: 2nd Vice President, Marketing Actuary | P | <p align=justify></em><strong><em>Position Overview:<br /> </em></strong>The marketing actuary plays a vital and high profile role at Transamerica Reinsurance as we execute growth strategies in a dynamic and challenging risk management environment. These people are at the forefront of our tactical drive to capitalize on the alignment of client needs and our competencies.<br /> <br /> Strategy:<br /> </em></strong>Transamerica Reinsurance helps life insurance companies in the U.S. and in Asian and Latin America markets solve problems and grow their business. As a leader in assessing and managing mortality risk and funding redundant reserves, we provide solutions that can outperform other risk and capital management options available to primary insurers. Through value-added services that attached to our core life reinsurance offering, we are helping customers change their business model to become more effective and profitable in their markets.<br /> <br /> <strong><em>Scope of Responsibilities:<br /> </em></strong>Increase TARe's penetration of our target markets via successfully closing deals which: <ul> <li>Increase our share of existing clients</li> <li>Add new accounts to our client base</li> <li>In the initial phases of the deal process, work closely with the AE and the client to gain mutual understanding of their and TARe's parameters for a mutually beneficial arrangement</li> <li>Identify client- or competition-based "red flags", develop a plan and recruit resources to overcome</li> <li>Build, maintain and improve professional relationships with the key decision makers within targeted accounts through both live deal negotiations and accompanying the AE on select planned client visits and phone meetings.</li> <li>Participate as needed in the marketing of traditional Life, PC&D and VELOGICA<sup>SM</sup> solutions TARe's products and services in accordance with the organization's growth goals</li> <li>Help to improve the efficiency of TARe's NBA activities by learning each client's reinsurance decision making process </li> <li>Help to better position TARe within the marketplace by soliciting input from clients as regards emerging industry trends and competitive intelligence.</li> <li>Help to achieve organizational branding goals by writing for TARe¿s client newsletters and industry publications, attending and participating at targeted industry conferences and by serving on relevant industry committees.</li> <li>Together with the AE, identify the top 12 threshold clients and 6 targeted clients to focus the Company's New Business Acquisition activities</li> <li>Work with NBA management, in conjunction with the AE to develop client-specific strategies for the following calendar year. Update as necessary.</li> <li>Lead the regional deal team and TARe management in facilitating effective, profitable solution design and execution from RFP to LOI.</li> <li>Assist the regional deal team as needed to ensure solutions are finalized and implemented in accordance with TARe policies and practices.</li> <li>Work with the Pricing Actuary to accurately develop a commercial best-estimate assumption set -- communicate deal circumstances, planned terms and conditions, key client changes, etc. This may include challenging existing pricing standards in favor of a custom approach that more accurately reflects the underlying risks.</li> <li>Support the Pricing Team in ensuring the rational application of pricing policies, procedures and techniques to the valuation of new business opportunities.</li> <li>Manage Business Review for all potential deals and lead-present all deals with emphasis on fundamentally understanding and communicating the rationale for the deal and the chosen profit target, the risk associated with the deal, specific mitigants employed, our competitive position, outstanding issues and steps/effort needed to close.</li> <li>Support Pricing Committee presentations by providing context and background for the deal, by communicating key risks identified and mitigants employed, with the Pricing Actuary, communicating the impact of deal-specific circumstances, terms and conditions on pricing assumptions chosen.</li> <li>Provide NBA Management with information required to drive its evolving reporting process (Meeting minutes, Deal status updates, Conference Notes, Quote Resolution, Client Visit Expense Management, etc.)</li> <li>Work with the AE and deal team to manage ongoing or historical technical or business issues with TARe customers. This can include resolving amendment requests, finalizing outstanding treaties or negotiating exceptions to previously agreed requirements.</li> <li>Other duties as required for the position</li> </ul> <strong><em>Minimum Requirements:</em></strong> <ul> <li>Bachelor of Arts or Science </li> <li>FSA designation </li> <li>Life insurance / reinsurance experience in actuarial and business positions of increasing responsibility (8 Years)</li> <li>A thorough technical grounding in insurance pricing</li> <li>Business decision making, leadership and management of direct or indirect teams (3 years)</li> <li>Negotiation experience in B2B environments - 2 years or more</li> <li>Demonstrated ability to build and maintain relationships</li> <li>Computer literate and comfortable with evolving communication technologies</li> </ul> <strong><em> </em></strong><strong><em>Desired Characteristics:</em></strong> <ul> <li>Experience with capital markets products</li> <li>Effective interpersonal skills and professional presentation</li> <li>Exhibits a sense of urgency and a results orientation to both external and internal clients with a focus on New Business Acquisition</li> <li>Takes accountability to aggressively navigate toward Win-Win solutions for TARe and external clients</li> <li>Effective multi-tasker with demonstrated comfort and ability to effectively prioritize and manage several high-stakes transactions.</li> <li>Effective communicator in terms of written and oral communications, including formal and informal presentations.</li> <li>Effective listening skills</li> <li>Ability to be a team player in an effort to achieve organizational growth, profitability and operational goals.</li> <li>Ability to act as Team Leader with respect to Regional responsibilities</li> <li>Demonstrated ability to train, coach and otherwise develop other colleagues in the art and science of reinsurance relationship management.</li> <li>Takes accountability for role and results and holds others accountable</li> <li>Demonstrates ability and eagerness to learn - and to help other associates learn</li> <li>Exhibits can-do, pro-business behaviors - optimistic outlook</li> </ul></p> | | 7710 | Actuarial: 2nd Vice President, Pricing Actuary | P | <P align=justify><STRONG><U>Position Summary</U>:</STRONG><br>Group Cessions is a newly formed unit within AEGON Insurance Group to enhance capital efficiencies and overall risk returns. The team is primarily located in Charlotte to access the Reinsurance Division's expertise and also works closely with Group Risk and Group Treasury. Group Cessions is responsible for structuring and executing transactions to enhance AEGON capital and risk management. Transactions will cover an array of forms and solutions such as: i.) reinsurance structures that leverage regulatory arbitrage, ii.) risk pooling structures to improve recognition of risk diversification and mobility of capital, and iii.) excess of loss covers that protect in catastrophic risk events for AEGON overall. Excess of loss cover has been traditionally placed in the reinsurance market. Alternative sources are emerging through capital markets and private placements and will be an important area of development for the team. Group Cessions will also work closely with AEGON business affiliates to provide reinsurance consulting and retention analysis support and product development support for new markets in association with reinsurance structuring.<br><br>The position of 2nd VP Pricing Consultant is a critical role within the team. This position will be responsible for leading the structuring and critical assessment of all life and tail cover transactions executed.<br><br>Regulatory arbitrage or risk pooling will generally be proportional reinsurance and in many instances will address problems or leverage new opportunities. The position will play an important role in supporting the development of new and innovative solutions.<br><br>Tail covers historically have been purchased by AEGON business affiliates based on each of their individual risk exposure. This coverage was placed with traditional reinsurers either through catastrophic or portfolio agreements. In the future, Group Cessions will pool risks to develop aggregate risk profiles and will be responsible for developing non-proportional cover that reflects this aggregate exposure. Tail cover development will consider catastrophic events such as group exposure (sport teams), location (zip ¿code) and total per life exposure (cumulative affiliate exposure) (i.e. Accident/Terrorist / Pandemic). In addition to traditional reinsurance capacity, emerging non-traditional sources of capacity such as securitization, cat bonds, and mortality indexes, will be used. Given the complex structure of the risks and that the market is still emerging, structuring these transactions will require critical problem solving, iterative development and ongoing learning. Additionally, using Capital Markets solutions will involve additional constituents and will require the ability to communicate the structure and its appropriateness to external parties as well as senior management.<br><br>This role will work closely with a modeling actuary who will perform the associated advanced risk modeling required. The position will also support the managing director responsible for working directly with AEGON business affiliates to provide reinsurance expertise and retention analysis. In new markets this support may also involve more in depth review with respect to their reinsurance programs. <br><P align=justify><STRONG><U>Major Responsibilities</U>:</STRONG> <ul style="margin-top:1px;padding-top:1px;"></li><li> For Group Cession executed life transactions - support team maximize value added through superior assessment of risk and structuring<br>...Own, develop, and maintain pricing philosophy for transactions<br>...Ensure pricing and structuring properly assesses risk<br>...Evaluate cost benefit of risk tradeoff and capital relief and provide recommendations<br>...Given a identified transaction, establish a plan and timeline to deliver on<br>...Ensure new business pricing and modeling is consistent with existing practice and procedures<br>...Ensure transaction control process complies with SOX and risk management requirements<br>...Develop pricing reports documenting solutions and critical attributes of evaluation<br>...Communicate evaluation, critical drivers of pricing and overall structure to a pricing/risk committee and/or senior management for approval </li><li> Consult with affiliates to provide life reinsurance structuring feedback and retention analysis </li><li> Review pricing reports from new markets / new products to evaluate the appropriateness of assumptions and risk structure and reinsurance programs </li><li> Monitor financial results of transactions and affiliate reinsurance transactions </li><li> Actively participate and lead select research and development efforts to support our pricing methodology and assumption base (eg. develop understanding of different regulatory environments and arbitrage solutions) </li><li> Collaborate with reinsurance pricing and capital markets teams to continually improve pricing processes and structures </li><li> Assist on other corporate projects/requirements as necessary (eg; budget projections/financial reporting) </li><li> Other duties as required for the position. </ul><P align=justify><STRONG><U>Minimum Requirements/Skills</U>:</STRONG> <ul style="margin-top:1px;padding-top:1px;"></li><li> Professional Credentials and Experience: FCAS / FSA, 10+ years of industry or related experience. Extensive reinsurance, casualty or life insurance experience required </li><li> Demonstrated ability and enthusiasm to master new skills and concepts quickly </li><li> Demonstrated effectiveness in working with senior management </li><li> Demonstrated critical thinking ability </li><li> Experienced in forming effective networks within a large organization </li><li> Strong analytical skills with demonstrated problem solving ability. Ability to quickly move from granular deals to broader business strategies. </li><li> Bachelor¿s Degree in Actuarial, Finance or Accounting or equivalent combination of education & experience. </li><li> Excellent verbal & written communication skills. </li><li> Highly motivated/self-starter </li><li> Must be able to work effectively independently & as part of a team. </li><li> Proficiency in windows-based software (Excel, Access, etc.) </li><li> Regular attendance and ability to work extended hours as necessary to meet project deadlines. </li><li> Ability to travel overseas (occasional) as needed | | 7712 | Actuarial: Actuarial Technician | N | <P align=justify><STRONG><U>Major Responsibilities</U>:</STRONG> <ul style="margin-top:1px;padding-top:1px;"></li><li> Work with valuation team to identify and resolve issues related to data quality. </li><li> Help with monthly valuation process for GBR, DAC, and VOBA. </li><li> Run models and validate results that are used for VNB, EVA, Cash Flow Testing, DAC Recoverability, and VOBA Recoverability. </li><li> Update models and convert models for valuation. </ul><P align=justify><STRONG><U>Minimum Requirements/Skills</U>:</STRONG> <ul style="margin-top:1px;padding-top:1px;"></li><li> Must have passed at least one actuarial exam through the Society of Actuaries </li><li> Four year degree in Mathematics, Statistics or Actuarial Science </li><li> Solid analytical skills with strong problem solving ability. </li><li> Excellent verbal & written communication skills. </li><li> Highly motivated/self-starter. </li><li> Must be able to work effectively independently & as part of a team. </li><li> Proficiency in windows-based software (Excel, Access, etc.) </li><li> Regular attendance and ability to work extended hours as necessary to meet deadlines. </li><li> Strong computer skills including learning new software and Microsoft Office Products. </li><li> Experience with Term and/or UL products with regard to financial reporting, experience studies, modeling, product development, etc. (desirable but not required). </ul> | | 7711 | Actuarial: Assistant Actuary | P | <P align=justify><STRONG><U>Position Summary</U>:</STRONG><br> This position is part of the Life Valuation team, which is responsible for Statutory, tax, GAAP and IFRS valuations for the various life blocks within TARe. The unit is also involved with EVA, Cash Flow Testing, Value of New Business, and annual budget projections. The team member will work closely with Accounting, Administration and Product Management to handle the responsibilities listed below: <br><P align=justify><STRONG><U>Major Responsibilities</U>:</STRONG> <ul style="margin-top:1px;padding-top:1px;"></li><li> Assist in building and refining existing seriatim and bulk valuation statutory and tax methodologies for traditional life. </li><li> Coordinate monthly and quarterly financial information relating to seriatim and bulk life business in accordance with Statutory, Tax, GAAP, and IFRS principles. </li><li> Work with team to establish procedures for refreshing existing valuation models as well as adding new clients to the valuation process. </li><li> Identify and communicate data quality issues in client-provided inforce extracts. Work with Data Processing, Operations and Product Management to improve the quality of incoming client data. </li><li> Work with client companies to understand reserving methods and data issues submitted to TARe. </li><li> Complete special assignments & projects for the department as directed by management. </li><li> Assist in the development of seriatim and bulk financial forecasts and reserve valuations for reporting, EVA, Cash Flow Testing, VNB and budget planning, </li><li> Maintain and improve seriatim and bulk systems and processes. </li><li> Review and challenge of pricing assumptions/methodology. </li><li> Develop and maintain relationships with Actuarial customers. </li><li> Serve as a back-up to other Life Valuation associates. </li><li> Maintain written logs of valuation problems, enhancements, and process documentation. Ensure that a TARe actuarial resource is trained on your key responsibilities </li><li> Reconcile reserves on STAT, GAAP and IFRS basis from the valuation workpapers to the G/L. Eliminate any small out of balance issues within one quarter. </li><li> Maintain a written log of valuation adjustments made for each valuation cycle (monthly or quarterly) </li><li> Assist in quarterly analysis of premiums, claims, reserves, expenses, and investment income for the Life Products line </li><li> Utilize technology to streamline job functions - decrease close period time required </li><li> Assist with IT projects underway to automate the reserving process </ul><P align=justify><STRONG><U>Minimum Requirements/Skills</U>:</STRONG> <ul style="margin-top:1px;padding-top:1px;"></li><li> 2-5 actuarial exams passed; plus 2-5 years of actuarial experience, preferably in a reinsurance environment </li><li> Solid analytical skills with strong problem solving ability. </li><li> Excellent verbal & written communication skills. </li><li> Highly motivated/self-starter. </li><li> Must be able to work effectively independently & as part of a team. </li><li> Proficient in windows-based software (Excel, Access, etc.). </li><li> Ability to work extended hours as necessary, particularly at quarter-end. </li><li> Regular attendance is a minimum requirement of this role. </ul> | | 7438 | Actuarial: Director, Life Financial Planning & Analysis | P | <P align=justify><STRONG><U>Position Summary</U>:</STRONG><br>This position directs the Financial Planning & Analysis team, which is responsible for the annual Budget and quarterly reforecasts of financial results for the Domestic Life line of business within TARe. The unit is also responsible for other financial activities associated with the Domestic Life business, including the following:<ul style="margin-top:1px;padding-top:1px;"></li><li> Quarterly earnings analysis </li><li> Mortality & Lapse Experience Study </li><li> Inforce performance analysis </li><li> Client negotiation & dispute resolution</ul>The team member will work closely with Accounting, Actuarial, Administration and Product Management to handle the responsibilities listed below:<br> <P align=justify><STRONG><U>Major Responsibilities</U>:</STRONG> <ul style="margin-top:1px;padding-top:1px;"> </li><li> Plan and direct the annual Budget/financial planning process for Domestic Life business. Direct quarterly reforecast for IFRS and regulatory projections. </li><li> Develop, document, and communicate assumptions underlying financial projection with linkage to embedded value and Value of New Business (VNB) models. </li><li> Communicate key drivers of financial projections to Senior Management. Identify key risks to projected earnings and VNB. </li><li> Explain actual/expected results vs. Budget/Reforecast projections for monthly Life earnings review meetings. </li><li> Perform quarterly IFRS earnings analysis. Identify one-time financial events to normalize reported earnings. Prepare quarter-quarter and year-year rollforwards for Corporate earnings call to explain movements from prior period earnings. </li><li> Perform quarterly review of renewal premium to ensure alignment of premium recognition and valuation processes. </li><li> Review quarterly calculation of excess retro experience refund with communication of results to retrocession pool participants. </li><li> Responsible for Domestic Life mortality and lapse experience analysis. Publish new study releases semi-annually. Include experience for new client companies under the study to support key business initiatives. </li><li> Perform mortality review for captive reinsurance agreements with each new study release. Recommend changes to assumptions underlying economic reserves and capital as appropriate and communicate financial impacts to Management. </li><li> Work with product line to effectively utilize experience study data in pricing new deals and for other business applications. </li><li> Perform inforce management duties. Develop framework for periodic review of top clients and large deals. Perform annual YRT performance review to identify potential targets for remediation. </li><li> Work with Executive Management and Operations to resolve client negotiations pertaining to YRT rates increases, treaty recaptures, and reinsurance administration issues. </li><li> Work with Law & Contracts to resolve litigations and client disputes. </ul><P align=justify><STRONG><U>Minimum Requirements/Skills</U>:</STRONG> <ul style="margin-top:1px;padding-top:1px;"></li><li> Fellow of the Society of Actuaries (FSA designation). </li><li> 7-15 years of actuarial experience, preferably in a reinsurance environment. </li><li> Statutory, GAAP, and tax reporting experience. Good knowledge of FAS60 and FAS97 accounting requirements. </li><li> Strong team leadership and project management skills. </li><li> Solid analytical skills with strong problem solving ability. </li><li> Excellent verbal & written communication skills. Strong negotiation and influence skills. </li><li> Ability to communicate effectively with non-actuarial staff. </li><li> Highly motivated/self-starter. </li><li> Must be able to work effectively independently & as part of a team. </li><li> Proficient in windows-based software (Excel, Access, etc.). </li><li> Experience in working with actuarial modeling software (Prophet, TAS, AXIS, MOSES, etc.). </li><li> Ability to work extended hours as necessary, particularly at quarter-end. </li><li> Regular attendance is a minimum requirement of this role.</ul> | | 7355 | Actuarial: Modeling Actuary | P | <P align=justify><STRONG><U>Position Summary</U>:</STRONG><br>The person in this position will be expected to leverage C++ knowledge and general modeling experience in the analysis and development of actuarial models on several different platforms. <P align=justify><STRONG><U>Major Responsibilities</U>:</STRONG> <ul style="margin-top:1px;padding-top:1px;"></li><li> This position will emphasize development and integration of actuarial models and modeling projects, including quarterly reserves and DAC/VOBA, Embedded Value, Budget projections, and Cash Flow Testing. </li><li> Conversion of models from one platform to another </li><li> Synchronization of models across applications and across platforms </li><li> Run actuarial models and assist with the processes of calculating and documenting financial results for cash flow testing, embedded value analysis, and business planning </li><li> Assist with analysis, development and implementation of new actuarial initiatives, guideline interpretations and relevant actuarial processes for the Annuity product line </li><li> Other duties as required for the position</ul> <P align=justify><STRONG><U>Minimum Requirements/Skills</U>:</STRONG> <ul style="margin-top:1px;padding-top:1px;"></li><li> 3-4 years experience in C++ programming of models </li><li> Familiarity with commercial modeling software, as well as in-house development. </li><li> Proven analytical and problem solving skills </li><li> Ability to work with others at various levels, both within and outside his own department, both locally and remotely </li><li> Proven interest in an actuarial career </li><li> Strong communications and interpersonal skills, with the ability to interpret and implement program specifications </li><li> Familiarity with MS Office, including ability to replicate and validate program calculations in MS Excel </li><li> Ability to work extended hours when needed</ul> <P align=justify><STRONG><U>Competencies/Desired Behavioral Characteristics</U>:</STRONG> <ul style="margin-top:1px;padding-top:1px;"></li><li> Experience in economic, financial, or actuarial modeling </li><li> Familiarity with technical aspects of life insurance and annuities </li><li> 2-4 actuarial exams</ul> | | 7760 | Actuarial: Pricing Actuary | P | <P align=justify><STRONG><U>Major Responsibilities</U>:</STRONG> <ul style="margin-top:1px;padding-top:1px;"></li><li>Key transactional pricing accountabilities include:<br>...client experience and mortality assessment<br>...pricing assumption setting<br>...optimal product and deal structure<br>...identification and quantification of risks in the proposed transaction and identification of mitigating structures or strategies<br>...model projections<br>...strong partnership with deal team, marketing actuary, account executive, and client<br></li><li> Own at least one area of retail product pricing expertise to assist with knowledge management and client support </li><li> Participate in or lead project assignments such as assumption revisions, new legal entity and deal structures, and product development. </li><li> Support basic research around automated underwriting utilizing electronic data. </li><li> Peer review of pricing analyst, technician, and assistant pricing actuary workflows which includes:<br>...model and assumptions used for new business quotes.<br>...all supporting materials and studies used in Pricing Committee review packages<br>...project and analytical studies to support pricing assumptions<br></li><li> Assist other departments on various corporate projection work (e.g., budget projections, VNB, etc.) </li><li> Communicate effectively with pricing, marketing, product and senior management staff on deal status, expectations, strategy, and pricing assumptions. </li><li> Prepare and maintain workflow and pricing assumption documentation to satisfy all customers of the pricing process (Sales, Actuarial, Financial, Operations) </li><li> Work with Life Pricing Team, Product Area and Sales Team to continually improve pricing processes with respect to both quality and efficiency </li><li> Other duties as required for the position </ul><P align=justify><STRONG><U>Minimum Requirements/Skills</U>:</STRONG> <ul style="margin-top:1px;padding-top:1px;"></li><li> Associate of the Society of Actuaries </li><li> At least 5 years of life actuarial experience, including two years or more in a pricing and product development role; reinsurance industry experience preferred </li><li> Solid analytical skills with strong problem solving ability. </li><li> Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Finance or Accounting or equivalent combination of education and experience. </li><li> Excellent verbal and written communication skills. </li><li> Highly motivated self-starter </li><li> Project and staff management experience desirable </li><li> Must be able to work effectively independently and as part of a team. </li><li> Proficiency in one or more life actuarial pricing systems (e.g., AXIS, TAS, Prophet) </li><li> Ability to work extended hours as necessary to meet transaction and project deadlines </ul> | | 3560 | Actuarial: Proactive Actuary | N | Minimum Requirements:
* Life Insurance or Reinsurance Experience
* Pricing, Modeling, or GAAP & Statutory Reporting Experience
* Associate of the Society of Actuaries (ASA)
* Fellow of the Society of Actuaries (FSA)
RECRUITER: Kimberly Martin | | 6656 | Actuarial: Quantitative Analyst | P | <P align=justify><STRONG><U>Position Summary</U>:</STRONG> <BR>Conduct quantitative analyses and build predictive models and quantitative tools from question formulation to presentation of outcomes. The candidate will be responsible for analyzing relevant business strategies and developing models, using appropriate PC applications and ensure that appropriate consistency across various models developed is maintained. This position will play a key part in identifying issues, determining areas in need of analysis, developing analytical solutions, and turning business ideas into quantitative formulations. The Innovations Product team will look to this position to significantly improve the analytical capabilities of the area. The individual in this position must proactively assist in the identification of risks in new product concepts, develop pricing models, assess reserving and capital requirements, and facilitate decision making. <P align=justify><STRONG><U>Major Responsibilities</U>:</STRONG> <BR>*Participate and contribute to the thought process involved in aligning the quantitative analysis skills to new product concepts. <BR>* Develop pricing models for new product concepts. <BR>* Develop models that will identify and analyze inherent risks, reserve and capital requirements for new product concepts. <BR>* Work closely with other associates within TARe, Aegon, and external sources to determine appropriate underlying assumptions. <BR>* Perform basic model validation review of pricing, valuation, and capital models. <BR>* Communicate and present results of analysis to management. <P align=justify><STRONG><U>Minimum Requirements/Skills</U>:</STRONG> <BR>* ASA / New FSA <BR>* Bachelor¿s Degree in Actuarial Science, Mathematics, Statistics, Finance or Accounting or equivalent combination of education and experience. <BR>* At least 5 years of insurance actuarial experience, including 2 years or more in a pricing and product development role; reinsurance industry experience preferred <BR>* Experience in financial modeling (e.g., partial differential equations, option pricing theory, Monte Carlo simulation, Value-at-Risk, econometric analysis, etc.) preferred. <BR>* Excellent PC skills word processing, spreadsheet software required. <BR>* Proficiency in one or more actuarial modeling systems (e.g., MoSes, MG-Alfa, Prophet, TAS, etc.) is required. <BR>* Significant programming experience with C++, VBA, Matlab, or etc. is required. <BR>* Excellent project management, analytical and research skills with the ability to support projects from inception through completion. <BR>* Solid analytical skills with strong problem solving ability. <BR>* Excellent verbal and written communication skills. <BR>* Highly motivated self-starter <BR>* Must be able to work effectively independently and as part of a team. | | 7709 | Actuarial: Senior Modeling Actuary | P | <P align=justify><STRONG><U>Position Summary</U>:</STRONG><br> Group Cessions is a newly formed unit within AEGON Insurance Group to enhance capital efficiencies and overall risk returns. The team is primarily located in Charlotte to access the Reinsurance Division¿s expertise and also works closely with Group Risk and Group Treasury. Group Cessions is responsible for structuring and executing transactions to enhance AEGON capital and risk management. Transactions will cover an array of forms and solutions such as: i.) reinsurance structures that leverage regulatory arbitrage, ii.) risk pooling structures to improve recognition of risk diversification and mobility of capital, and iii.) excess of loss covers that protect in catastrophic risk events for AEGON globally. Excess of loss cover has been traditionally placed in the reinsurance market. Alternative sources are emerging through capital markets and private placements and will be an important area of development for the team. Group Cessions will also work closely with AEGON business affiliates to provide reinsurance consulting and retention analysis support and product development support for new markets in association with reinsurance structuring.<br><br>The position of Modeling Actuary is responsible for the development of all life and tail covers models supporting transactions executed by Group Cessions. Reinsurance structures that leverage regulatory arbitrage will likely be proportional in nature. Tail covers historically have been purchased by AEGON business affiliates based on each of their individual risk exposure. This coverage was placed with traditional reinsurers either through catastrophic or portfolio agreements. In the future, Group Cessions will pool risks to develop aggregate risk profiles and will be responsible for developing non-proportional cover that reflects this aggregate exposure. Tail cover development will consider catastrophic events such as group exposure (sport teams), location (zip ¿code) and total per life exposure (cumulative business exposure) (i.e. Accident/Terrorist / Pandemic). In addition to traditional reinsurance capacity, emerging non-traditional sources of capacity such as securitization, cat bonds, and mortality indexes, will be used. Given the complex structure of the risks (one tailed low probability event), models will be highly complex involving stochastic on stochastic risk evaluation. Additionally using capital markets solutions will involve additional constituents and will require the ability to demonstrate model effectiveness.<br><br>This position offers a tremendous opportunity to learn with the market as it evolves as well as be involved developing new and innovative solutions.<br><br>This role will work very closely with the pricing actuary as well as other members of the team <br><P align=justify><STRONG><U>Major Responsibilities</U>:</STRONG> <ul style="margin-top:1px;padding-top:1px;"></l><li> Create, update and perform advanced risk modeling (stochastic and deterministic) in support of establishing new and innovative collateral financing programs </l><li> Develop/enhance stochastic and deterministic models and assumptions for risk analysis </l><li> Develop documentation supporting models </l><li> Provide peer review for similar areas within Group Cessions and affiliates </l><li> Collaborate with team members as well as other areas (capital and liquidity management / affiliates) to enhance risk analysis and structuring </l><li> Communicate findings / risks and key drivers </l><li> Create and publish periodic reports required by rating agencies, financial guarantors, etc to demonstrate the emerging experience is consistent with modeled expectations </l><li> Contribute to the development of new reinsurance transactions to enhance capital efficiencies and risk management </l><li> Lead and/or participate on project teams comprised of associates and business partners from various disciplines from within AEGON and external to AEGON in support of establishing new and innovative transactions </l><li> Other duties as required for the position </ul><P align=justify><STRONG><U>Minimum Requirements/Skills</U>:</STRONG> <ul style="margin-top:1px;padding-top:1px;"></l><li> Background and training in an actuarial capacity with CAS/ASA or equivalent work experience </l><li> 5+ years (life or P&C) insurance industry and/or financial markets experience </l><li> Demonstrated experience in the development and use of advanced stochastic and deterministic risk models </l><li> Strong analytical, problem-solving and strategic thinking skills </l><li> Strong communication, interpersonal, project management and organizational skills </l><li> Highly motivated / self starter </l><li> Demonstrated success working in cross-functional collaborative teams </l><li> Knowledge of financial markets </l><li> Basic knowledge of life insurance and reinsurance products </l><li> Available to work extended hours and travel (domestic and international) as needed </ul><P align=justify><STRONG><U>Competencies/Desired Behavioral Characteristics</U>:</STRONG><ul style="margin-top:1px;padding-top:1px;"></l><li> Demonstrated experience with advanced modeling techniques </l><li> Working knowledge of Visual Basic, SQL and C++ </l><li> MBA-Finance, CFA, or other similar advanced credentials </l><li> Knowledge of and experience in both retail insurance and reinsurance markets </ul> | | 6349 | Actuarial: Vice President, Chief Pricing Officer | P | <P align=justify><STRONG><U>Position Overview</U>:</STRONG> <BR>The Vice President, Chief Pricing Officer is a unique and dynamic role within Transamerica Reinsurance, as it manages the research and development of effective pricing strategies to support Velogica (automated simplified underwriting engine), Product Development, and Product Consulting and Development. The individual in this role also partners with the Capital and Liquidity Management team to ensure the development of optimal collateral financing solutions. In order to effectively manage these processes, this individual should possess extensive life or life reinsurance product development experience. Another key component of the position is successful relationship building both internally and externally in order to ensure proper execution and to support the enhancement of the company¿s market perception as an expert in life risk. Additionally, this individual should have the ability to foster an environment that is supportive to execution utilizing a comprehensive team approach. This role also requires the ability to thrive in an ambiguous and constantly evolving environment. <P align=justify><STRONG><U>Major Responsibilities</U>:</STRONG> <BR>Manage the execution of key assignments of the Pricing Team, which include the following: <BR>* Support of product line strategies to maximize value added through superior assessment of risk <BR>* Ownership, development, and maintenance of pricing philosophy and strategies across Traditional Life Business <BR>* Ensuring transaction pricing and structuring properly assesses risk and delivers a best estimate pricing <BR>* Ownership of pricing control process for the Traditional Reinsurance business line. <BR>* Ownership and management of pricing and business approval process across the Traditional Life business line. <BR>* Ensuring new business transaction pricing and modeling is consistent and seamlessly transferred to our financial processes. <BR>* Demonstration of critical appraisal skills at the level of Senior Pricing actuary in all significant areas of product pricing for Life Solutions and PC&D. Includes mortality, persistency, GAAP (intl) and Statutory pricing, RBC, risk mitigation strategies, etc…. <BR>* Ownership of SOX business process and ensuring appropriateness for the Traditional Life business and that compliance is maintained. Manage the execution of key assignments of the Pricing Research Team, which include the following: <BR>* Directing of research to ensure minimal risk of divergence (over or under) from best estimate pricing for Life Solutions, PC&D, and Velogica <BR>* Supporting product line plans for entry to new markets/new products <BR>* Understanding competitor and customer research strategies and ensure TARe research goals informed by the market environment <BR>* Designing and implementing a research control cycle to better track whether pricing assumptions are at best estimate levels <BR>* Influencing research plans relevant to the product line across TARe (including Risk Management, Medical Director team, Valuation and TIRI) <BR>* Understanding and incorporating potential impact of external drivers to research planning (including AEGON corporate, external auditors, regulatory developments) <BR>* Ensuring buy-in to plans from key stakeholders (including product line management, pricing committee, AEGON corporate) Provide expert support to new product development activities and to the value added and traditional transaction process. To ensure optimal solution are developed and our pricing and risk standards are upheld. Product development examples include – participating in the development and implementation of new collateral financing programs and/or helping in the development of private label partnerships. Work with Capital and Liquidity Management team to ensure that we develop optimal collateral financing solutions and that transaction pricing is consistent / appropriate with all stakeholders (TARe, Corporate, Rating Agencies, and Capital Markets). <P align=justify><STRONG><U>Minimum Requirements/Skills</U>:</STRONG> <BR>* Professional Credentials and Experience: FSA, 10+ years of industry or related experience. Extensive reinsurance or life insurance product development experience required <BR>* Demonstrated track record of successfully leading multi-disciplinary teams <BR>* Demonstrated ability and enthusiasm to master new skills and concepts quickly <BR>* Demonstrated effectiveness in working with senior management <BR>* Demonstrated critical thinking ability <BR>* Experienced in forming effective networks within a large organization <BR>* Strong analytical skills with demonstrated problem solving ability. Ability to quickly move from granular deals to broader business strategies. <BR>* Bachelor’s Degree in Actuarial, Finance or Accounting or equivalent combination of education & experience. <BR>* Project and staff management experience essential <BR>* Excellent verbal & written communication skills. <BR>* Highly motivated/self-starter <BR>* Must be able to work effectively independently & as part of a team. <BR>* Proficiency in windows-based software (Excel, Access, etc.) <BR>* Regular attendance and ability to work extended hours as necessary to meet project deadlines. <BR>* Ability to travel regularly (overseas occasionally as needed) | | 7666 | Contracts Administrative Assistant, International | N | <P align=justify><STRONG><U>Position Summary</U>:</STRONG><br> The person in this position will provide administrative support and assistance to the International Contracts area.<br><P align=justify><STRONG><U>Major Responsibilities</U>:</STRONG> <ul style="margin-top:1px;padding-top:1px;"></li><li> Provide administrative support to the International Contracts area. </li><li> Using Access database, maintain and monitor treaty logging system for International Reinsurance Contracts. </li><li> Image reinsurance agreements and amendments upon their execution. </li><li> Communicate with marketing actuaries, account executives, business managers, contract analysts, and other contract and legal team member regarding pending items in order to secure the timely execution of reinsurance agreements and amendments. </li><li> Using word processing software, prepare letters, memos and reports. Responsible for writing original memos in communications with clients and associates, ensuring correct spelling, grammar, and punctuation. </li><li> Handle and coordinate all aspects of International Contract area¿s administrative operations including ordering supplies, handling all incoming and outgoing mail, answering telephones, sending and receiving faxes, and filing documents. </li><li> Maintain departmental filing systems in a timely and accurate manner. </li><li> Schedule meetings and appointments. </li><li> Arrange travel and handle expense reports for International Contracts area staff. </li><li> Provide administrative support to Domestic Contracts area and Legal Department, as needed. </li><li> Complete other duties and assignments as necessary. </ul><P align=justify><STRONG><U>Minimum Requirements/Skills</U>:</STRONG> <ul style="margin-top:1px;padding-top:1px;"></li><li> 3+ years of administrative or equivalent office experience. </li><li> Proven organizational and time management skills; ability to successfully manage multiple priorities and meet deadlines while maintaining professionalism. </li><li> Strong PC skills, including: Microsoft WORD, EXCEL, PowerPoint, Outlook, and ACCESS. </li><li> Demonstrated follow-up/follow-through skills; highly detail-oriented. </li><li> Excellent interpersonal and communications skills; demonstrated ability to work effectively at all levels of the division. Exceptional customer service focus. </li><li> Ability to work effectively both independently and as part of a team. </li><li> Ability to work extended hours, if needed. </li><li> Regular attendance is a minimum requirement of this role. </ul><P align=justify><STRONG><U>Competencies/Desired Behavioral Characteristics</U>:</STRONG> <ul style="margin-top:1px;padding-top:1px;"></li><li> Associates Degree or equivalent combination of education and experience. </li><li> Previous experience in an insurance or reinsurance environment. </li><li> Bi-lingual (Spanish, French, Portuguese, etc.) </ul> | | 6469 | Contracts Analyst, Domestic | N | <P align=justify><STRONG><U>Position Summary</U>:</STRONG><br>Responsible for providing appropriate contracts and related legal documents in compliance with internal business practices and applicable laws and regulations in order to clearly describe reinsurance arrangements and to best mitigate legal and other TARe risk. <P align=justify><STRONG><U>Major Responsibilities</U>:</STRONG> <ul style="margin-top:1px;padding-top:1px;"></li><li> Analyze, evaluate, and research information received from internal and external clients for contracts, amendments and related documents that provide accepted, retroceded and affiliate individual life and annuity reinsurance. </li><li> Generate contracts for reinsurance arrangements in an accurate and timely manner in accordance with established metrics. Incorporate data in accordance with the requirements of Transamerica and in compliance with US state and federal laws and regulations, as applicable. </li><li> Coordinate interaction between sales executives, pricing actuaries, business systems and external clients for the efficient and accurate delivery of contracts. </li><li> Secure agreement and execution of final terms by reinsurance business partners (ceding companies and retrocessionaires) in compliance with regulatory mandates for timely execution. </li><li> Understand, interpret and apply applicable international and US state and federal laws and regulations related to the preparation of reinsurance agreements. </li><li> Consult with management and Law Department regarding the interpretation or clarification of contracts that may impact the company's liability. </li><li> Evaluate and streamline current contract completion workflows and procedures, where applicable, in conjunction with management. </li><li> Accurately respond to inquiries from internal and external clients in a professional and timely manner. </li><li> Educate other Contract Analysts, company personnel and external clients on internal and industry business practices and norms applicable to reinsurance agreements. </li><li> Represent the Law and Contracts Department during TARe intra-departmental meetings. </li><li> Complete special projects, as directed by management. </li><li> Other duties as required for the position</ul> <P align=justify><STRONG><U>Minimum Requirements/Skills</U>:</STRONG> <ul style="margin-top:1px;padding-top:1px;"></li><li> Strong analytical, organization/time management and problem solving skills. </li><li> Exceptional interpersonal skills, including verbal and written communication, negotiation and client relations expertise; demonstrated ability to work effectively at all levels of the company; strong customer service focus. </li><li> Ability to successfully balance numerous priorities and deadlines while maintaining professional demeanor at all times. </li><li> Demonstrated ability to persuade and influence others. </li><li> Demonstrated follow-through skills; highly detail-oriented. </li><li> Bachelor's degree or equivalent combination of education and experience. </li><li> Strong PC skills and MS Office capabilities (Word and Excel). </li><li> Ability to work independently and as part of a team. </li><li> Ability to work extended hours as necessary. </li><li> Regular attendance is a minimum requirement of this position.</ul> <P align=justify><STRONG><U>Competencies/Desired Behavioral Characteristics</U>:</STRONG> <ul style="margin-top:1px;padding-top:1px;"></li><li> Two or more years of related insurance or reinsurance experience. </li><li> Contracts related experience. </li><li> Spanish or French fluency </ul> | | 7354 | Product Line Accountant | P | <P align=justify><STRONG><U>Major Responsibilities</U>:</STRONG><br>Work closely with Members of the Reinsurance Joint Venture Company (JVRe) being formed by AEGON and others at AEGON and Transamerica Reinsurance to: <ul style="margin-top:1px;padding-top:1px;"></li><li> Prepare journal entries and working papers to support regulatory and IFRS financial statements for the joint venture. </li><li> Prepare and submit Financial Statements to the Joint Venture Partners as required. </li><li> Prepare variance reports to aid in analysis of financial results </li><li> Prepare Quarterly Binders for documentation of working papers for the JVRe as laid out in the TPA agreement. </li><li> Develop and prepare management reports with supporting schedules </li><li> Work closely with Actuarial, Operations and Corporate to respond to ad hoc requests. </li><li> Analyze monthly and quarterly financial statements and management reporting in accordance with GAAP and International Financial Reporting Standards as well as Regulatory accounting principles </li><li> Work with the outside accounting firm for the generation of reports in Japanese and other requirements laid out by the TPA Agreement. </li><li> Assist in the forecasting and budgeting process for the JVRe as required by the TPA agreement </li><li> Develop and Document procedures that incorporate or enhance internal controls </li><li> Actively participate to identify, recommend, develop and implement processes and procedures to streamline and improve accounting and reporting for the JVRe </li><li> Reconcile key accounts in support of production of financial statements. Perform accounting and general ledger research as assigned by manager </li><li> Complete special assignments and projects for the department as assigned by manager </li><li> Participates in and/or manage financial reporting projects. Evaluate existing processes and modify processes to achieve maximum automation, efficiency and accuracy. </li><li> Identify issues arising from monthly and quarterly accounting close. Research root causes and recommend solutions if needed. </li><li> Assist Financial Systems Team in processing of Uploads and Maintenance </li><li> Other duties as required for the position. </ul> <P align=justify><STRONG><U>Minimum Requirements/Skills</U>:</STRONG> <ul style="margin-top:1px;padding-top:1px;"></li><li> Bachelor's degree in Accounting or equivalent experience </li><li> 3+ years of financial analysis, financial audit, internal audit or public accounting work experience </li><li> Demonstrated knowledge of accounting principles, updating and reconciling ledger accounts </li><li> Demonstrated analytical skills; must be extremely detail oriented & effective in production-oriented environment; must be able to draw appropriate conclusions </li><li> Strong oral & written communication skills, including the ability to produce professionally written analytical reports </li><li> Strong interpersonal and customer orientation skills </li><li> Strong work ethic; Demonstrated ability to produce a high quality work product; commitment to accuracy and excellence </li><li> Ability to work independently & as an integral member of a team </li><li> Exceptional results orientation & organizational, follow-up, & follow-through skills </li><li> Accountability and dependability; consistently takes ownership and gets the job done </li><li> Advanced PC spreadsheet skills in a Windows environment, including Word, Excel & Access </li><li> Ability to balance numerous priorities & deadlines while maintaining professionalism at all times. </li><li> Ability to handle medium to complex projects with limited supervision; ability to lead meetings and gather/direct appropriate resources </li><li> Demonstrated ability to improve processes </li><li> Demonstrated problem identification & resolution skills </li><li> Availability to work additional hours to meet challenging deadlines </li><li> Regular attendance is a minimum requirement of this role </ul> <P align=justify><STRONG><U>Competencies/Desired Behavioral Characteristics</U>:</STRONG> <ul style="margin-top:1px;padding-top:1px;"></li><li> 4+ years experience in Annuity Reinsurance </li><li> CPA, MBA, CMA or advanced course work in technical financial areas </li><li> Knowledge of general premium and claims principles </li><li> Successful completion of FLMI or enrollment in LOMA classes </li><li> Business Objects proficiency to create new reports and queries as needed </li><li> JGAAP Accounting knowledge and translations</ul> | |
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