Director, Ceded Reinsurance

Who We Are

At Corebridge Financial, we believe action is everything. That’s why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.

We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life:

     • We are stronger as one: We collaborate across the enterprise, scale what works and act   decisively for our customers and partners
     • We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders
     • We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future
     • We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work

About this role:

Director, Ceded Reinsurance

The focus of the position includes identifying, structuring, and executing on opportunities for reinsurance within Corebridge, with primary focus on affiliated / offshore reinsurance transactions.

Ceded Re group is also responsible for representing Corebridge's interests with major stakeholders both internally and externally with industry groups, reinsurers, government and regulatory bodies, and various internal stakeholders.

Primary responsibilities include:

• Identifying reinsurance opportunities and executing reinsurance transactions

  • Overseeing the execution and structuring of any ceded reinsurance strategies on behalf of Corebridge with focus on affiliated / offshore reinsurance

  • Working closely with the quantitative strategy group to develop framework for evaluation of opportunities

  • Effectively interacting with functional areas (e.g. Legal, HR, IT, etc.) to ensure any transactions are aligned with the strategic, operating, and financial plans of the businesses
     

• Managing reinsurance filings and requirements for existing and new treaties

  • Regulatory requirements under different jurisdictions (e.g. NAIC Form D filings, Bermuda SBA filings)

  • Evaluating requirements through deal models in close coordination with broader Corebridge anlaytics teams

  • Evaluating financial impact of transactions
    ​

• Maintaining an active dialogue and partnership with all Corebridge lines of business

  • Understanding the organization’s desire to pursue reinsurance opportunities

  • Presenting to leadership any opportunities to optimize the profitability of existing and future business via reinsurance
     

• Ensuring compliance with relevant legal and statutory requirements, meeting principles of sound corporate governance and environmental, health, safety and quality standards

What we are looking for

• 5+ years related experience with reinsurance transactions and structuring

• Knowledge of Bermuda regulatory requirements

• Subject matter expertise in Life Insurance Products and Retirement Products preferred

• Proven experience developing and executing multi-year roadmaps

• Bachelor’s Degree required. Master’s Degree and/or other insurance designations such as ASA/FSA, CERA, CPCU, or ARM preferred.

• Clear and accessible communicator, influencer, and facilitator

For positions based in Jersey City, Woodland Hills or Los Angeles the base salary range is $200,000 - $225,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. Lastly, we’re proud to offer a range of competitive benefits.

This role is deemed a “covered associate” under SEC Rule 206(4)-5, 17 CFR § 275.206(4)-5, Political contributions by certain investment advisers, and other federal and state pay-to-play rules. Candidates for the role must not have made any political contributions that, under 17 CFR § 275.206(4)-5 or other federal or state pay-to-play regulations, would disqualify the candidate or Corebridge Financial from conducting Corebridge Financial’s business, or that would otherwise create a conflict of interest for Corebridge Financial. Applicants who are selected to move forward with the application process will be required to disclose all U.S. political contributions they and their household family members have made over the past two years.

Applications will be accepted for this position until a satisfactory candidate pool has been identified.