Reinsurance Management at Global Atlantic Financial Group

Boston, Massachusetts, United States

Global Atlantic Financial Group Logo
Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, Reinsurance, Financial ServicesIndustries

Requirements

  • Exposure to reinsurance and/or actuarial background required
  • At least five (5+) years of financial services industry experience required
  • Experience with life and annuity product features preferred
  • A “go getter” mentality, taking initiative and suggesting a course of action independently
  • Strong verbal and written communication skills with the ability to present technical information to non-technical audiences
  • Authorized to work for any employer in the U.S. (no sponsorship available)

Responsibilities

  • Analyze financial impact of changes in reinsurance coverage and retention
  • Oversight of work effort performed by the reinsurance TPA and internal modeling team
  • Organize and present to internal committees and senior management ongoing program performance and potential strategic management decisions
  • Strong people skills, including team management and external relationship management
  • Provide product and system expertise related to reinsurance for all areas of the company and our reinsurance third party administrator (TPA)
  • Respond to escalated issues relating to reinsurance pricing, implementation or queries
  • Act as a key contact for internal and external queries related to reinsurance on both Life and Annuity products
  • Manage a small team
  • Coordinate and interact internally including product development, sales/marketing, corporate actuarial, legal, new business operations and senior management
  • Interact externally with third party reinsurance partners, external reinsurers and key stakeholders

Skills

Key technologies and capabilities for this role

ReinsuranceActuarialFinancial AnalysisRisk ManagementTeam ManagementRelationship ManagementFinancial ModelingPricing AnalysisImplementationPresentation Skills

Questions & Answers

Common questions about this position

What is the work arrangement for this position?

The position is hybrid and is being considered for the Des Moines or Boston office.

What qualifications are required for this role?

Exposure to reinsurance and/or actuarial background is required, along with at least five years of financial services industry experience. Experience with life and annuity product features is preferred, plus strong verbal and written communication skills and a go-getter mentality.

What is the salary range for this position?

This information is not specified in the job description.

Does this role involve managing a team?

Yes, the position includes managing a small team, along with strong people skills for team management and external relationship management.

What makes a strong candidate for this reinsurance management role?

Candidates with reinsurance or actuarial exposure, 5+ years in financial services, life/annuity product knowledge, initiative-taking mindset, and excellent communication skills for presenting to non-technical audiences stand out.

Global Atlantic Financial Group

Provides capital and risk management solutions

About Global Atlantic Financial Group

Global Atlantic Financial Group specializes in providing capital and risk management solutions for global retirement and life insurance companies. They offer products like annuities, which provide a steady income stream for retirees, and focus on building long-term partnerships by understanding their clients' financial goals. The company generates revenue through fees and premiums from their financial products and emphasizes a culture of integrity and commitment to clients and communities. Their goal is to create tailored solutions that meet the specific needs of their clients.

New York City, New YorkHeadquarters
2004Year Founded
$986.7MTotal Funding
BUYOUTCompany Stage
Fintech, Financial ServicesIndustries
1,001-5,000Employees

Benefits

Health Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan
401(k) Company Match
Mental Health Support
Wellness Program
Flexible Work Hours
Hybrid Work Options

Risks

Economic downturns could impact the preneed insurance market with SCI.
Technical challenges may arise from new standardized messaging systems.
Reliance on third-party tech solutions poses potential security vulnerabilities.

Differentiation

Global Atlantic excels in investment and risk management within the insurance industry.
The company has strong institutional partnerships, enhancing its client-centric approach.
Global Atlantic's affiliation with KKR provides a robust financial foundation.

Upsides

Partnership with SCI positions Global Atlantic as a leader in preneed insurance.
Adoption of Sonrai Security's technology enhances operational efficiency and security.
Public-private investment solutions align with Global Atlantic's innovative capital strategies.

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