What are the responsibilities and job description for the VP Corporate Development position at ATHENE?
We are Athene. At Athene, we are driven to do more. We are 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. We see every day as a new opportunity to measure ourselves against the best - and then we don't stop until we've set the bar even higher. We're ready to help you achieve more.
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Purpose :
The VP, Corporate Development manages transaction underwriting and execution of reinsurance and mergers and acquisitions transactions to maximize value and support Athene's overall strategy. The successful candidate will lead a technical pricing team through the full transaction life cycle; interfacing directly with executives and industry and functional experts to evaluate key business drivers and assumptions to determine deal potential. Key activities include : conducting financial analysis / evaluation, leading and managing the due diligence, analyzing actuarial experience and setting assumptions, pricing, structuring, preparing reports / recommendations, and participating in post-closing deal integration and transition.
Accountabilities :
- Lead the overall transaction underwriting process, management and decision-making to ensure Athene maximizes short, medium and long-term profitability and shareholder returns of potential deals
- Create, or supervise the creation of, pricing models for each proposed transaction
- Analyze due diligence materials including Actuarial appraisals, Confidential Information memoranda, policy forms, Cash Flow Testing memoranda, and insurance liability cash flows
- Lead the development of experience analysis, assumptions setting, and other key inputs within transaction diligence and pricing
- Identify, pursue and execute on structural solutions to improve transaction economics
- Lead the preparation of internal deal documents such as the Transaction Memorandum and materials for the management approval process (Large Case Approval Committee)
- Develop and cultivate relationships with external partners and consultants to ensure targeted outcomes are achieved from transactions, recognizing local market drivers and influences
- Liaise with Executive Committee and key stakeholders to ensure understanding of all operational and financial risks and commitments for identified transactions
- Develop, recommend and implement effective pricing methodology and framework to stress test prospective deals to ensure transaction is value creating
- Prepare business cases, communications, and reports on deal progress including descriptions of findings, both positive and negative
- Lead cross organizational project teams through due diligence and assimilation processes by collaborating with key internal partners (Actuarial, HR, Legal, Finance, Tax / Compliance, IT, and Operations), subject matter experts and external parties
- Partner and engage with key stakeholders across the organization to support the development and implementation of new transactions
- Partner with internal departments (Finance, Legal, etc.) to continue to monitor post-deal activities to measure expected vs. actual outcomes
- Act as a consistent team player who effectively works across Athene to advance firm's goals while assisting with the development of junior talent
- Peer review work product created by others in the Corporate Development department
- Maintain appropriate levels of confidentiality
Qualifications and Experience :
185,752.80 - $278,629.20 USD Annual
Annual Salary for this role is market competitive. Actual salary for all roles will be based upon geographic location, work experience, education, licensure requirements and / or skill level and will be finalized at the time of offer. Depending on the role, a discretionary bonus plan or variable sales incentive may be included.
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Athene celebrates diversity, 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.
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Salary : $185,753 - $278,629
