Treasury & Operations Analyst

About Kuvare

Kuvare is on a mission to serve hardworking consumers overwhelmed by the complexities of retirement and is built from the ground up to do so. Our unified financial hub protects the retirement of everyday Americans and the distributors, carriers and investors that serve them. We create life insurance and annuity products that protect consumers’ retirements, and are simplified for distributor partners and financial professionals to sell and service.

Kuvare Family Of Companies

Retail Annuity and Life Insurance Solutions:

• United Life Insurance Company
• Guaranty Income Life Insurance Company
• Lincoln Benefit Life
  
  

Institutional Insurance

• Kuvare Life Re
  
  

Bespoke Insurance Solutions

• Ignite Partners
  
  

About The Role

• Reporting to the Treasury & Operations Manager, the Analyst is responsible for supporting the day-to-day aspects of treasury, liquidity, and collateral management across the KSB platform. Primary duties also involve operational support of the organization's reinsurance treaties., with a significant focus on Japanese-based treaties. Other areas of support include collaborating with the broader Finance, Investment Accounting, Legal, and Investments teams.
  
  

Additional Responsibilities Include But Are Not Limited To

• Prepare and run financial models and perform financial analysis.
• Support collaboration between cedants and internal departments (Actuarial, Finance, Investments, Risk, etc.) across multiple time zones/jurisdictions (Bermuda, USA, Japan, etc.).
• Collaborate with the Risk team to run tools that analyze, track, and report rates and market performance over time.
• Participate in process optimization, improvement, and automation projects.
• Work closely with various teams across the company and group (including Pricing, Investments, Finance, and third-party custodians) on collateral projects and onboarding new reinsurance treaties and accounts.
• Prepare liquidity forecasting, reporting, and management to meet investment portfolio and operational needs.
• Prepare cash and security asset transfers to maximize financial flexibility, minimize idle cash, and prepare documentation support to record activity accurately.
• Prepare internally created risk reports including but not limited to, Liquidity Risk Report, FX Summary Report, Market Summary Report, and Kuvare Bermuda Liquidity reports.
• Assist the Program Manager under the current FX Risk Policy and Derivatives frameworks.
• Prepare collateral reports and margin calls for hedges and prepare periodic settlements with counterparties.
• Review and monitor hedge performance and effectiveness under various risk metrics and compliance within defined risk tolerances.
• Monitoring of various trust, collateral, and operating accounts and portfolios.
• Delivery of reinsurance analysis of monthly premiums received for each treaty and evaluate the actual versus expected new business flow.
• Analyze, reconcile, and track monthly transaction data tying against the expected cost of liability assumed in pricing.
• Prepare settlement statements from each reinsurance treaty and ensure timely payment of settlement amounts.
• Liaise with outbound retrocessions and provide timely reinsurance settlement reports.
• Execute processes for onboarding new reinsurance clients, ensuring consistency across our various platforms.
• Ensure terms and timelines are adhered to in reinsurance and trust agreements.
• Cash processing and expense management, processing of internal and external invoices, and reviewing expense reports in line with company policy.
• Execute treasury policies, procedures, and internal controls.
• Assist in preparing monthly and quarterly working papers and schedules, including financial reporting journal entries and other related reporting calculations.
• Assist in preparing inputs used by the Finance team during the yearly, monthly, and quarterly close processes, Including US GAAP financial statements and Bermuda statutory reports.
• Ad-hoc support in other areas of treasury and operations as required.
  
  

What You'll Do

• Describe the specific responsibilities and job functions of the role
  
  

Qualifications

• Bachelor’s degree in Business, Finance, Economics, or a related field.
• Minimum of 2 years of progressive operational, treasury, finance, and/or accounting experience.
• Knowledge and/or experience with systems related to area of responsibility, including but not limited to AP systems and Bank Portals, is a plus.
• Demonstrated experience and advanced skills working with and manipulating data using spreadsheets and software skills in MS Excel and Bloomberg, including macros. Database experience would be a plus.
• Proficiency in MS Office Suite, Access, and VBA.
• Experience programming in SQL or R is a plus.
• Knowledge of reinsurance and annuity products is a plus.
• Experience with US GAAP.
• Strong organizational, time-management, client management, and communication skills with a keen eye for detail.
• Strong understanding of financial mathematics.
• Excellent interpersonal and communication skills, both written and oral, with critical thinking and sound judgment with a strong attention to detail and ability to prioritize and manage multiple projects.
• Willingness and capacity to work overtime, including evenings, weekends, and public holidays, and on short notice when needed to meet time-sensitive tasks.