Manager, Life Reinsurance Administration

Job Summary

The Manager, Life Reinsurance Administration will report to the Director, Life Reinsurance Accounting & Administration. This position will collaborate with various departments across the Company including Financial Reporting, Actuarial Reinsurance, Actuarial Valuation, Investment Accounting, Treasury, etc. as well as the Retail operational business segment. This position will manage a team of 3-4 experienced subject matter experts and/or individual contributors.

The incumbent will perform various duties to ensure accurate and timely operational settlement statements, administer complex reinsurance transactions, and perform a variety of special projects. This position will play a key role in the initial execution and ongoing activities of corporate strategic reinsurance treaties.

Duties and Responsibilities

• Oversee and direct all Life reinsurance administration business-as-usual activities

• Collaborate with business partners to recommend administration solutions for complex reinsurance transactions

• Manage the preparation of significant reinsurance settlements and participates in the associated disbursement processes (Treasury, Investments, etc.)

• Serve as a Life line-of-business operational / administration contact person

• Participate in strategic departmental planning and is responsible for execution of the strategy through others

• Develop, implement and monitor key performance indicators to continuously assess the department’s operational efficiency and effectiveness

• Partner with reinsurance leadership (Actuarial Reinsurance, Actuarial Valuation, Financial Reporting, Investments, etc.) in order to evaluate / design and successfully operationalize new reinsurance administration

• Drive collaboration with Life line-of-business management by providing reinsurance administration information impacting their results

• Lead continuous process enhancement reviews in order to identify, implement and maintain reliable, repeatable, sustainable, scalable and streamlined operations

• Partner with the Financial Reporting team to ensure integration of the reinsurance settlement processes with financial reporting activities

• Oversee or participate in corporate modernization and financial operation transformation projects

• Ownership of design and execution of administration internal controls

• Partner with customers to analyze administrative results of key treaties

• Prepare and present recurring and ad hoc reports for management

• Provides regular coaching, employee development and has a strong focus on team engagement

• Supports leadership in the development and maintenance of a succession plans

• Lead and / or oversee numerous administration special projects

• Create and present status of special projects to Senior management

Experience and Education Requirements

• Bachelor’s degree in Accounting
• Minimum 7 years of experience in reinsurance administration
• Minimum of 3 years of leadership or management experience
• Reinsurance administration designation preferred
• Technical knowledge in TAI life reinsurance administration system

Knowledge, Skills & Abilities

• Deep knowledge of reinsurance administration for insurance companies
• Highly motivated and demonstrated ability to take initiative
• Ability to work both independently and to collaborate with others
• Ability to influence in absence of formal reporting relationships
• Experience analyzing and understanding key data
• Ability to effectively prioritize multiple tasks/projects to meet critical deadlines
• Ability to effectively manage a team of subject matters experts and individual contributors
• Strong problem-solving / critical thinking skills
• Ability to create Powerpoint presentations
• Strong communication and presentation skills

Other Requirements

• Perform other functions, duties and projects as assigned
• Regular and punctual attendance
• Some travel may be required (less than 10%)

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Additional Information

Work Environments

F&G believes in an employee-centric flexible environment, which is why we offer the ability for in-office, hybrid and remote work arrangements. During the hiring process, you'll work with your leader to decide what works best for your role.

F&G complies with federal and state disability laws and makes reasonable accommodations for applicants and candidates with disabilities, unless such accommodation would cause an undue hardship for F&G. If reasonable accommodation is needed to participate in the job application or interview process, please contact talentacquisition@fglife.com.

Join our employee-centric hybrid work environment: F&G Careers

About F&G

Since 1959, Fidelity & Guaranty Life Insurance Company (F&G) has offered annuity and life insurance products to those who are seeking security in retirement and protection during life’s unexpected events.

As a national Top Workplace 1 , an Iowa Top Workplace 2 and a proud equal opportunity employer, F&G team members are empowered, collaborative, dynamic and authentic. We believe that by embracing these values, we will continue to build and strengthen the company while continuing to be a great place to work.

1 Top Workplaces USA 2022 – 2023

2 Des Moines Register Top Workplaces 2018 – 2022

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