Longevity Structurer & Transaction Manager

Swiss Re; Toronto; On-site; CAD 90,000 - 120,000; Full time

Job summary

A global reinsurance leader in Toronto is seeking a skilled professional to manage longevity reinsurance transactions. You will originate opportunities and develop innovative solutions while engaging with clients and collaborating with internal teams. The ideal candidate has experience in longevity reinsurance and a quantitative background. This role offers a dynamic work environment with significant industry exposure.

Qualifications

• Experience with longevity reinsurance and pension risk transfer.
• Strong knowledge of Canadian life and annuity policies.
• Excellent communication and organizational skills.

Responsibilities

• Originate longevity reinsurance opportunities in North America.
• Manage complex transactions and coordinate internal stakeholders.
• Develop innovative reinsurance solutions for client needs.

Skills

Longevity reinsurance expertise

Client engagement skills

Project management skills

Quantitative analysis

Regulatory knowledge

Education

Quantitative/technical degree (actuarial designation preferred)

Job description

Overview

Do you have a passion for longevity risk transfer and financial transaction solutions? Are you looking for a challenging role offering excellent opportunities to engage with life insurance clients around longevity and financial solutions through coordination with a broad cross functional team of technical experts that analyze structured reinsurance transactions? If so, read on as this role in Life and Health Structured Solutions (LHSS) may be for you!

About the Role

The primary responsibilities of this role will be to originate longevity reinsurance opportunities in the North American market, as well as to generate, structure and position innovative financial solutions that meet Canadian insurers’ needs. With a focus on marketing Swiss Re\'s structuring and risk-taking activities in longevity in the US, Canada, and offshore jurisdictions such as Bermuda, the role will also entail managing the implementation and process standards of Canadian life and health structured transactions in close collaboration with the Deal Team Leader and other deal team members. You will work within the team to develop innovative reinsurance solutions designed to meet client needs while adhering to Swiss Re\'s risk appetite.

Responsibilities

• Preparing presentations, correspondence, and documents, both for originating new transactions and for the internal approval process
• Driving the management of complex transactions, including coordinating with various internal & external stakeholders and managing timetables, documentation, and adherence to internal governance/underwriting standards
• Working with a wide range of internal experts to communicate the financial impact of transactions across a broad range of accounting and financial metrics, including IFRS
• Developing longevity reinsurance offerings, in conjunction with the London-based Longevity team, that meet client needs under US, Bermuda, Canada regulatory & accounting regimes
• Maintaining an external network focused on longevity reinsurance and other transactions related to longevity risk including pension risk transfer
• Cross-functional disciplinary team due diligence and contract negotiation
• Onboarding support to Finance and Portfolio Steering & Monitoring

The reinsurance transactions that LHSS underwrite require input from many teams in Swiss Re and thus proactive communication and a strong team spirit are vital. This role also provides extensive exposure to other functional areas and occasionally to the senior management of Swiss Re.

About the Team

Life and Health Structured Solutions (LHSS), which is part of Life & Health (L&H) Underwriting, is a global team comprised of over 30 professionals based in the United States, Toronto, London, Zurich, Hong Kong, and Singapore. Our team has a wide variety of professional backgrounds and skill sets including actuarial, finance, treasury, project management and origination to name a few!

Executing transactions such as financial solutions and large full risk transfer in-force and longevity transactions while working extensively with colleagues in regional Market Units, Client Markets, Financial Markets & In-Force Management, Risk Management, L&H Pricing & Contracts, Finance, Tax, Treasury, Legal and others, our team brings significant value to Swiss Re.

About You

You excel in a deadline-intensive environment with the ability to balance your strong technical skills with knowing when to step back to view the "big picture". You bring excellent communication skills and a solid capability and willingness to engage with clients, stakeholders, and colleagues.

Additional requirements include:

• Experience with longevity reinsurance, pension risk transfer, and/or product development or valuation related to structured reinsurance or annuity products
• Partnership mindset and sales disposition that will allow for strong collaboration with Client Markets in regularly providing clients with longevity and financial transaction insights, as well as market developments
• Solid knowledge of Canadian life and annuity policy features and local statutory valuation and LICAT & LIMAT capital requirements
• Quantitative/technical degree, such as an actuarial designation, is strongly preferred
• Organization and communication skills that translate to visible and transparent project management among a broad cross-functional team focused on their "day-jobs"

Nice to have:

• Knowledge of current and emerging regulatory and accounting topics related to longevity in North America, including annuity reserving and capital requirements
• Track record in a client-facing role that has demanded frequent interactions and/or a presence at conferences or industry working groups
• Finance, treasury, risk management, or actuarial experience is preferred
• Experience in contract negotiation

The successful candidate will work in collaboration across many functional areas. As such, the following will be key:

• Ability to build trust with diverse and regionally-based colleagues
• Collaborative approach and strong team spirit
• Ability to influence others who face competing priorities and require a clear rationale for prioritization
• Qualified candidates will be self-starters with a history of initiative, who can also demonstrate the resiliency necessary for a commercial transaction environment

About Swiss Re

Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.

Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law. Decisions on employment are solely based on an individual\'s qualifications for the position being filled.

During the recruitment process, reasonable accommodations for disabilities are available upon request. If contacted for an interview, please inform the Recruiter/HR Professional of the accommodation needed.

Keywords: Structurer, Transaction Manager, Client Markets
Reference Code:135370