Operations Reinsurance Lead

at Global Atlantic Financial Group
Boston, Massachusetts, United States

Pursuant to Company policy, all employees are required to be vaccinated for COVID-19 to access GA facilities.  Currently, most of our interviews will occur over video. All offices are currently open, and our employees are back 4 days a week in NY and 3 days a week in all other offices. If you have questions on this policy or the application process, please contact recruiting@gafg.com.

COMPANY OVERVIEW

Global Atlantic Financial Group is a leader in the U.S. life insurance and annuity industry, serving the needs of individuals and institutions. Global Atlantic is a majority-owned subsidiary of KKR, a leading global investment firm that offers alternative asset management across multiple strategies and capital markets solutions.

Global Atlantic is looking for a diverse team of talented individuals who reinforce our culture of collaboration and innovation. We are dedicated to the career development of our people because we know they are critical to our long-term success. Join our team and come grow with us. 

Summary of Position:

As part of this new role, the Operations Reinsurance Lead will play a major part in setting up and running GA’s new reinsurance servicer oversight program to support Global Atlantic’s fast growing reinsurance business.  The candidate is joining a small team supporting reinsurance transaction and execution activities and managing our existing strategic servicer relationships with a focus on proactive administration oversight of our business to help identify and address potential servicing issues before they impact financials.

Located in our Boston office, this position reports to the VP, Operations Relationship Management.

Responsibilities:

  • Provide knowledge of all aspects related to Life & Annuity insurance administration functions as part of the reinsurance deal team risk assessment, execution and post-deal monitoring activities
  • Assist with setting-up our new Reinsurance Servicer Administration Oversight Program (e.g. develop assessment templates for each counterparty, plan for and launch counterparty reach-outs, review agreement provision rights)
  • Coordinate and actively manage the Reinsurance Servicer Admin Oversight Program (e.g set-up, prepare for and conduct administration reviews, prepare assessment reports, coordinate, and conduct administrative audits)
  • Participate in pre-reinsurance transaction confirmatory diligence related to policy administration
  • Assess administration servicer transition options, third party administrators, transition costs/timelines/risks/requirements/resources in situations where a contemplated reinsurance transaction could include servicing
  • Responsible for reviewing and drafting administration related provisions included in our reinsurance agreements
  • Work with our reinsurance TPA and internal parties to service the various insurance blocks of policies; activities include project management, incident management, risk assessment, business planning, requirements buildout, and management reporting
  • Support business activities by partnering with external and internal groups (e.g. Legal and Compliance, Finance, Risk, etc.) and provide assistance with metrics tracking and analysis
  • Prepare presentations and reports for external and internal stakeholders

Qualifications:

  • Bachelor's degree with 5+ years of progressively responsible experience in insurance or reinsurance operations
  •  Financial services operations, business consulting/audit or similar function with responsibility for planning; day to day administration, issue resolution, and management reporting
  • Demonstrated ability to lead projects from inception to successful implementation. In addition, a demonstrated ability to identify and remediate project risks
  • Strong communication skills, work ethic, with high level of personal integrity and accountability
  • Relationship management experience is a plus
  • Strong analytical and problem-solving skill set, organizational skills, and attention to detail skills
  • Proficiency with Microsoft Excel, Word, and PowerPoint

#LI-AM1

TOTAL REWARDS STATEMENT  

Global Atlantic’s total rewards package is reflective of our corporate values, particularly diversity, excellence and innovation, with a focus on inclusion, pay equity, and flexibility. We are proud to support your personal and professional growth and well-being through programs such as educational assistance, virtual physical therapy, remote/onsite fitness reimbursement, a medical second opinion program, pet insurance, military leave, parental leave, adoption assistance, fertility and family planning coverage. We strive to foster a culture of total well-being through community outreach and charitable giving programs.

We are active in our communities-

  • New York: Red Hook Conservancy, Girls Who Invest and The Bowery Mission
  • Boston: Cradles to Crayons, Project Bread, Let’s Get Ready, Rise Against Hunger, Salvation Army and many other local volunteer organizations in around the Boston area
  • Hartford: Habitat for Humanity, Foodshare, Humane Society, Hands on Hartford, Mercy Shelter and Dog Star Rescue
  • Indianapolis: Elevate Indianapolis, Gleaners Food Bank and the Juvenile Diabetes Research Foundation
  • Batesville: American Cancer Society Relay for Life, Angels of Giving, Margaret Mary Health Foundation, Ripley County Community Foundation, Safe Passage, Batesville High School Sponsorships, local area youth sports and food pantries, as well as many others
  • Des Moines: United Way, Central Iowa Shelter & Services, Junior Achievement of Central Iowa and Make a Wish Foundation
  • Berwyn: Food drive and will be planning an event to help a local family over the holidays
  • Atlanta: Packaged Good Organization, which helps the most vulnerable community members with providing personalized care packages for people in need including the elderly, our armed forces, the homeless and hospitalized kids
  • Bermuda: Sponsor of a weekly feeding program operated by The Hamilton Seventh-Day Adventist Church

 

Social platforms provide an environment to collaborate with others and participate in friendly competitions towards achieving physical, emotional and financial well-being. Our highly competitive health, retirement, life and disability plans can be tailored to best suit your needs and those of your whole family.

Global Atlantic is committed to creating an inclusive environment where everyone can meaningfully contribute to our success. We are proud to be an equal opportunity employer and we do not discriminate in employment on any basis that is prohibited by federal, state or local laws.  More than that, we strive to be inclusive of all backgrounds and experiences, which we feel gives us a competitive advantage in the market and within our firm.  All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, disability, age, or veteran status. If you are hired and require an accommodation for any protected status, please email benefits@gafg.com.

Global Atlantic Financial Company Employee Candidate Privacy Notice

Example: 

32 Longview Lane

West Hartford, CT 06107