2020MB - VP Corporate Development

Athene • Greenwich, CT

1d

About The Position

We are driven to do more. More for our customers and the financial professionals who offer our products. If you are driven to do more and love the challenge of pursuing more, Athene is your kind of company. You will find we offer more than the basics to create an inclusive and dynamic work environment at our various locations. Purpose: The VP, Corporate Development manages transaction underwriting and execution of reinsurance and mergers and acquisitions transactions to maximize value and support Athene’s overall strategy. The successful candidate will lead a technical pricing team through the full transaction life cycle; interfacing directly with executives and industry and functional experts to evaluate key business drivers and assumptions to determine deal potential. Key activities include: conducting financial analysis/evaluation, leading and managing the due diligence, analyzing actuarial experience and setting assumptions, pricing, structuring, preparing reports/recommendations, and participating in post-closing deal integration and transition.

Requirements

• 7+ years of experience in the life insurance or reinsurance industry or investment banking background with significant experience in the financial services / insurance sector
• 3+ 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)
• 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
• Strong record of leading and completing successful transactions
• Strategic thinker with intellectual curiosity; has creative insight and ability to develop new ideas beyond already analyzed options, understand broad corporate impacts, and focus on company objectives
• Advanced user of Microsoft Excel, with the ability to embed good organization and high levels of flexibility and auditability in large projects
• Experience with actuarial systems, such as MG ALFA, Polysystems or GGY AXIS
• 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

What This Job Offers

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