What are the responsibilities and job description for the VP Institutional Markets position at Global Atlantic Financial Group?
As part of KKR Insurance / Global Atlantic, the Institutional Markets team focuses on origination, structuring and management of transaction opportunities across the global life and annuity insurance market. The Institutional Markets team is seeking an experienced individual responsible for managing the deal execution of potential reinsurance or M&A transactions. For 20 years, this group has executed multiple strategic acquisitions and reinsurance transactions, including block, flow and PRT reinsurance, representing a total of $190B of assets to date.
This individual is an energetic leader with intellectual curiosity and strong work ethic who takes pride in delivering a high-quality work product in a fast-paced environment.
POSITION OVERVIEW
- Lead overall deal execution across the full transaction lifecycle including pricing and valuation due diligence of potential reinsurance or M&A transactions involving life and annuity blocks of business.
- Evaluating life and annuity products and product design.
- Reviewing actuarial experience studies of blocks of business and flow transactions under consideration.
- Collaborating with the Actuarial team to review actuarial assumptions and make recommendations.
- Identifying potential risks in transactions, and suggesting sensitivities and mitigating actions.
- Develop structured solutions that achieve desired client outcomes within the firm’s risk framework.
- Assessing US statutory and GAAP accounting and valuation models and considerations for subject blocks of business.
- Participating in negotiating discussions with counterparties.
- Prepare presentations, communications, and reports on deal progress for wider organizational consumption.
- Provide integration support for completed deals.
- Collaborate with Finance, Legal, Risk and other stakeholders on acquired blocks to measure expected vs. actual outcomes.
QUALIFICATIONS
- Minimum 7 years of relevant experience, including life product development, reinsurance, insurance M&A, and valuation/financial reporting.
- Knowledge of main solutions available for Life and non-Life including sidecar, funded reinsurance, VIF monetization and risk transfers.
- Strong quantitative and technical abilities, experience in actuarial modeling.
- Solid organizational skills with the ability to own and see projects to completion.
- Strong ability to manage and develop junior team members.
- Strong interpersonal skills and is a team player.
- Excellent interpersonal and communication skills, both written and verbal.
- Ability to work under pressure to meet tight deadlines and balance multiple priorities.
- To be considered for this role, applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment Visa at this time.
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