Oversee monitoring of inforce business performance, with heightened focus on poor performing blocks and those trending negatively; Identify, recommend, drive and oversee performance management actions on US Inforce business, from collaborative engagement with clients to exercising treaty rights with rate actions; Work closely with Legal team to review and assess treaty language, historic pricing, and inforce data to recommend best options to remediate poor performing business; Close collaboration with New Business team to engage in a positive and professional manner with clients to find solutions and engage in routine performance discussions with clients; Work closely with Finance and Actuarial on accounting and valuation considerations and assumptions related to US Inforce business; Serve as a resource for the New Business and Legal teams in new business treaty negotiations that factor in long term performance management considerations and maintaining franchise value
Requirements:
Extensive life insurance and/or reinsurance industry experience (15+ years) in pricing, design valuation, rating agency & regulatory capital requirements, and financial analysis of life and health insurance products from both a reinsurer and client perspective; Knowledge of Solvency II, IFRS 17, US GAAP, and US Statutory accounting methodologies; Sound technical financial skills, analytical ability, good judgment and strong operational focus; Wide-ranging leadership/management skills with both technical and non-technical teams; Well-organized and a self-directed individual who is a team player; Intelligent and articulate individual who can relate to people at all levels of an organization; Must possesses strong communication skills
Text:
SVP, Inforce Optimization Oversee monitoring of inforce business performance, with heightened focus on poor performing blocks and those trending negatively; Identify, recommend, drive and oversee performance management actions on US Inforce business, from collaborative engagement with clients to exercising treaty rights with rate actions; Work closely with Legal team to review and assess treaty language, historic pricing, and inforce data to recommend best options to remediate poor performing business; Close collaboration with New Business team to engage in a positive and professional manner with clients to find solutions and engage in routine performance discussions with clients; Work closely with Finance and Actuarial on accounting and valuation considerations and assumptions related to US Inforce business; Serve as a resource for the New Business and Legal teams in new business treaty negotiations that factor in long term performance management considerations and maintaining franchise value Extensive life insurance and/or reinsurance industry experience (15+ years) in pricing, design valuation, rating agency & regulatory capital requirements, and financial analysis of life and health insurance products from both a reinsurer and client perspective; Knowledge of Solvency II, IFRS 17, US GAAP, and US Statutory accounting methodologies; Sound technical financial skills, analytical ability, good judgment and strong operational focus; Wide-ranging leadership/management skills with both technical and non-technical teams; Well-organized and a self-directed individual who is a team player; Intelligent and articulate individual who can relate to people at all levels of an organization; Must possesses strong communication skills
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