VP Corporate Development

VP Corporate Development

Requirements

• 10+ years of experience in the life insurance or reinsurance industry or investment banking background with significant experience in the financial services / insurance sector
• 5+ years of demonstrated leadership experience
• Bachelor’s degree in Mathematics, Finance or related field.Preferred Society of Actuaries ASA or FSA
• Extensive knowledge of US STAT Reserving, reinsurance, and M&A practices, including corporate M&A, private equity, due diligence, post deal integration, tax consulting and planning, transaction structuring, restructuring, strategy formulation and financial modeling
• Significant experience with life insurance and/or annuities with expertise in transaction pricing models, liability management, actuarial assumption setting and accounting (STAT and GAAP)
• Strong record of leading and completing successful transactions
• Advanced user of Microsoft Excel, with the ability to embed good organization and high levels of flexibility and auditability in large projects
• Expert communicator with ability to appropriately influence and build consensus, engage and negotiate with executive management both internally and externally
• Strong attention to detail and the ability to prioritize and lead multi-disciplinary teams to deliver project outcomes over long periods of time
• Ability to travel will be required, potentially with short notice based on transaction deal need

Responsibilities

• Lead the overall transaction underwriting process, management and decision-making to ensure Athene maximizes short, medium and long-term profitability and shareholder returns of potential deals
• Create, or supervise the creation of, pricing models for each proposed transaction
• Analyze due diligence materials including Actuarial appraisals, Confidential Information memoranda, policy forms, Cash Flow Testing memoranda, and insurance liability cash flows
• Lead the development of experience analysis, assumptions setting, and other key inputs within transaction diligence and pricing
• Identify, pursue and execute on structural solutions to improve transaction economics
• Lead the preparation of internal deal documents such as the Transaction Memorandum and materials for the management approval process (Large Case Approval Committee)
• Develop and cultivate relationships with external partners and consultants to ensure targeted outcomes are achieved from transactions, recognizing local market drivers and influences
• Liaise with Executive Committee and key stakeholders to ensure understanding of all operational and financial risks and commitments for identified transactions
• Develop, recommend and implement effective pricing methodology and framework to stress test prospective deals to ensure transaction is value creating
• Prepare business cases, communications, and reports on deal progress including descriptions of findings, both positive and negative
• Lead cross organizational project teams through due diligence and assimilation processes by collaborating with key internal partners (Actuarial, HR, Legal, Finance, Tax/Compliance, IT, and Operations), subject matter experts and external parties
• Partner and engage with key stakeholders across the organization to support the development and implementation of new transactions
• Partner with internal departments (Finance, Legal, etc.) to continue to monitor post-deal activities to measure expected vs. actual outcomes
• Act as a consistent team player who effectively works across Athene to advance firm’s goals while assisting with the development of junior talent
• Peer review work product created by others in the Corporate Development department
• Maintain appropriate levels of confidentiality

Preferred Qualifications

• Ideal candidate has U.S. Stat, GAAP, Bermuda EBS and U.S tax accounting knowledge and familiarity with other global solvency regimes is a benefit
• Experience with actuarial systems, such as MG ALFA, Polysystems or GGY AXIS