Director, General Operations, Structured Finance

Reinsurance Group of America • Toronto, ON

11h • $107,060 - $144,820 • Hybrid

About The Position

Coordinates cross-functional project teams to develop financing solutions for RGA's regulatory entities and leads accounting and reporting functions for assigned structured finance transactions. Reviews transaction information for accuracy and sound design, and recommends improvements to internal financing processes.

The role leads teams of professionals and coordinates expertise across investments, legal, accounting, tax, and other functions to structure and complete complex global reinsurance transactions. It identifies and resolves transaction issues, leads external negotiations, implements legal-entity optimization strategies, and establishes processes for proper administration of financing transactions. The position also works with business units to identify financing needs and develop solutions, including reinsurance structures, securities lending, structured asset designs, and other capital-market strategies.

Responsibilities also include oversight of team members and direct reports where applicable; monthly, quarterly, and annual financial reporting for structured finance transactions; administration of assigned internal retrocession agreements and accounts; and coordination of data gathering, reconciliations, general-ledger recording, and analysis on US GAAP and Statutory bases. The role may prepare financial statements and leads quarterly officer meetings for assigned subsidiaries. It supports internal control and audit compliance, maintains control documentation and inventories, improves processes, and coordinates internal and external audit requests. Regular and predictable attendance is required, along with other duties as assigned.

Requirements

• Bachelor’s degree in business, with an emphasis in accounting, finance, or actuarial science, or equivalent related work experience.
• At least 8 years of experience in accounting, auditing, or structured finance.
• Intermediate understanding of the US life insurance and reinsurance markets.
• Ability to adapt quickly to new methods and work under tight deadlines and stressful conditions.
• Advanced listening, investigative, analytical, innovation, and critical-thinking skills, with the ability to translate business needs and problems into viable solutions.
• Advanced ability to design and structure financing solutions, including reinsurance provisions, that address RGA’s risk/return requirements, financing-partner needs, and regulatory requirements, using actuarial and accounting skills to address risk issues.
• Highly advanced oral and written communication skills and ability to communicate business terminology effectively.
• Expert ability to balance detail with departmental goals and objectives.
• Highly advanced customer relationship management and change management skills.
• Expert ability to manage multiple projects and/or teams simultaneously.
• Expert ability to consult with individuals across operational, functional, and technical disciplines.
• Highly advanced persuasion and negotiation skills with internal and external customers.
• Highly advanced ability to make timely and effective decisions and produce results.
• Ability to work flexible hours to accommodate international projects across multiple time zones.

Nice To Haves

• Master’s degree in Arts/Sciences (MA/MS).
• Financial modeling experience related to structured finance.
• Actuarial experience.
• At least 3 years of insurance/reinsurance accounting experience.

Responsibilities

• Manage project teams of varying levels and coordinate professionals across investments, legal, and other corporate functions to structure and complete complex reinsurance transactions globally.
• Provide leadership and coordinate collaborative efforts to develop solutions that meet legal-entity and consolidated objectives.
• Coordinate transaction analysis with technical experts in structured finance, accounting, legal, investments, tax, and other areas.
• Anticipate, identify, and coordinate timely resolution of transaction issues to support successful outcomes.
• Lead negotiations with external parties to meet RGA’s financing needs efficiently.
• Lead implementation of legal-entity optimization strategies, including restacking efforts.
• Establish processes to ensure financing transactions and supporting processes are properly implemented and administered.
• Work with business units to identify potential financing needs, including cash, collateral, and regulatory requirements by currency.
• Provide subject-matter expertise to design and propose financing solutions, including reinsurance structures, securities lending, structured asset designs, and other capital-market strategies.
• Assist with oversight and management of team members and manage direct reports, if applicable, to improve processes and responsiveness to customer needs.
• Perform assigned month-end, quarterly, and annual financial reporting for structured finance transactions, including recording financial activity, preparing reports, analyzing data, preparing general-ledger uploads, and reconciling accounts.
• Administer assigned internal retrocession agreements and balance-sheet and income-statement accounts.
• Coordinate with departments and subsidiary management to obtain and compile data, reconcile and record financial results to the general ledger, and analyze and compile data under US GAAP and Statutory bases.
• Prepare quarterly and annual financial statements as applicable.
• Lead quarterly officer meetings for assigned subsidiaries.
• Support internal control and audit compliance, including maintaining control narratives and EUC and IPE/RR inventories, implementing process improvements, maintaining applicable procedure documentation, and coordinating internal and external audit requests.
• Maintain regular and predictable attendance and perform other duties as assigned.

Benefits

• Annual bonus plan.
• Some positions are eligible for participation in a long-term equity incentive plan.
• Health, retirement, and other employee benefits.
• Opportunity to gain knowledge and experience from diverse colleagues around the world.
• Respectful, welcoming environment that fosters individuality and encourages pioneering thought.
• Career potential and global opportunities.

What This Job Offers

• Job Type: Full-time
• Career Level: Director