AVP, M&A & Reinsurance Risk Analyst

Job Description • Review transaction documents including deal information memorandum, appraisals, product profiles, contracts, experience studies, and other materials associated with prospective transactions. • Review pricing assumptions and internal underwriting diligence. • Review the analysis of cedants’ experience to ensure sufficient diligence was performed, data is credible, and proper controls were employed in setting assumptions. • Review investment strategies and their inherent risks in light of liabilities in a given transaction. • Ensure pricing assumptions are reasonable in light of cedant’s experience, company experience, industry experience, and professional judgment. • Validate pricing models and results. • Review pricing model design, results, and the peer review (challenger) process. • Recommend sensitivity and stress tests and evaluate their impacts. • Perform independent validation of pricing models in their entirety or specific pricing results, including the development of replication models where necessary. • Identify, assess, and communicate deal risks. • Risks include, but are not limited to, actuarial assumption risk, investment risks (credit, ALM, liquidity), operational risk, regulatory and tax risk, and expense risk. • Evaluate proposed risk mitigation strategies and their potential effectiveness. • Document risks for management presentations and in ERM risk memorandums. • Advise SVP L&A Risk Officer and CRO on deal economics and risks in advance of bid decision making. • Ensure full compliance with the company’s transaction and pricing governance standards. Requirements • Bachelor’s or advanced degree in actuarial science, mathematics, statistics, engineering, or comparable program of study. • A minimum of 7 years of relevant insurance experience. Insurance product pricing experience is preferred, but not required, as diverse actuarial experience is invaluable. • Fellow of the Society of Actuaries (FSA) or comparable accreditation is preferred. Career ASAs with very strong experience will be considered. • Quantitative risk management experience (such as investment management or quantitative finance) with sufficient applied insurance background will also be considered. • Effective written and verbal communication skills. • Candidates must be able to collaborate effectively with others and quickly disseminate information. • Candidates must have a strong foundation of technical knowledge pertaining to life insurance and/or annuity products and their inherent risks. • Understanding diverse insurance product designs, product pricing principles, and ALM is critical. • Experience with pricing or other applied insurance ALM modeling is important. • Applied experience with Bermuda and/or Solvency II accounting and capital frameworks is a plus but is not required. • The company will consider candidates with varied backgrounds such as risk management, valuation, modeling, or pricing. • Candidates should be inquisitive and active learners that seek to grow their understanding in all they do. • The nature of this role involves evaluation of diverse, often complex or incomplete, financial information. • Having the ability to independently analyze and draw insightful conclusions from such situations is critical to the role. • The nature of this role may also require analytical research of technical and sometimes theoretical matters, where information is lacking, and expert judgment is required. • Candidates should have technical proficiency in actuarial calculations, analyses and models. • Candidates for this role should have well-developed modeling skills with the ability to use / review work in current actuarial software platforms such as AXIS, MG ALFA, or comparable. • In addition, candidates should have the ability to develop solutions as needed in programming and/or database languages to perform analyses. • Proficiency in one or more of the following is required Python, VBA, SQL, C, or similar. Benefits • Annual bonus based on company and individual performance • Generous benefits package Apply To this Job