Reinsurance Manager

Description

Company Description:

Aspida Holdings Ltd., through its subsidiaries (collectively “Aspida”), is focused on providing retirement and reinsurance solutions, having operations in the U.S. and Bermuda with total assets of $15.1 billion as of March 31, 2024. Aspida, through its U.S. platform – Aspida Life Insurance Company – is focused on leveraging technology and agility to help clients achieve – and protect – their dreams. Its Bermuda-based reinsurance platform, Aspida Life Re, is focused on providing efficient and secure life and annuity reinsurance solutions. Aspida seeks to be a trusted partner in its clients’ financial security while driving its growth by doing good for the communities it serves. Aspida is backed by Ares Management Corporation, which, through the Ares Insurance Solutions team, provides dedicated investment management, capital solutions and corporate development support. For more information, please visit aspida.com or follow them on LinkedIn, Facebook.

Who We Are:

Sometimes, a group of people come together and create something amazing. They don’t let egos get in the way. They don’t settle for the status quo, and they don’t complain when things get tough. Instead, they see a common vision for the future and each person makes an unspoken commitment to building that future together. That’s the culture, the moxie, and the story of Aspida.

Our business focuses on annuities and life insurance. At first, it might not sound flashy, but that’s why we’re doing things differently than everyone else in our industry. We’re dedicated to developing data-driven tech solutions, providing amazing customer experiences, and applying an entrepreneurial spirit to everything we do. Our work ethic is built on three main tenets: Get $#!+ Done, Do It with Moxie, and Have Fun. If this sounds like the place for you, read on, and then apply at aspida.com/careers.

What We Are Looking For:

The Reinsurance Manager will collaborate with various departments across Aspida including Financial Reporting, Actuarial Reinsurance, Actuarial Valuation, Investment Accounting, Treasury, etc. as well as the Retail operational business segment. This role will be responsible for performing 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. This role will report to the VP, Controller and is required to be onsite at the Durham, NC Headquarters 3 days a week.

 What You Will Do:

· Oversee and direct all 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 an 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.) to evaluate / design and successfully operationalize new reinsurance administration.

· Drive collaboration by providing reinsurance administration information impacting their results.

· Lead continuous process enhancement reviews 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 key stakeholders to analyze administrative results of key treaties.

· Prepare and present recurring and ad hoc reports for management.

· Lead and/or oversee numerous administration special projects.

· Create and present status of special projects to Senior management.