Posted:
10/7/2024, 5:00:00 PM
Location(s):
New York, New York, United States ⋅ New York, United States
Experience Level(s):
Senior
Field(s):
Finance & Banking
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Description of Resolution Life
Resolution Life is a global life insurance group focusing on reinsurance and the acquisition and management of portfolios of life insurance policies. Since its launch in 2018, the Group has deployed approximately $8 billion of debt and equity capital in the acquisition, reinsurance, consolidation and management of life insurance companies.
As of 31 December 2023, the Group serves the needs of over 4 million policyholders while managing approximately $85 billion of assets. Resolution Life today has operations in Bermuda, the U.K., the U.S., Australia, New Zealand and Singapore, assisting the restructuring of the primary life insurance industry globally.
Position Overview
This position is responsible for supporting the structuring, pricing, and execution of M&A, reinsurance, and similar growth opportunities for Resolution Life, with a particular focus on transactions originating in the US. The position will provide these services to the range of insurance subsidiaries of Resolution Life, including support for Resolution Life's Bermudian activities in this area. The position will be a member of the newly formed Growth Solutions Team, supporting the senior leadership of Resolution Life to develop strategic growth opportunities, and will be a key supporting resource in the execution and implementation of these strategies.
Position Responsibilities
Supports the structuring and analysis of M&A, reinsurance, and similar growth opportunities for Resolution Life, with a particular focus on transactions originating in the US.
Supports the analysis of transactions to achieve optimal transaction structures considering regulatory jurisdiction, accounting and capital framework, risk tolerance, strategic and business fit, and competitive considerations
Supports transaction execution, working closely with onboarding teams (Actuarial, Finance, Investments, Operations), and the execution of transaction-related structured solutions
Collaborates with the key subject matter experts as they work with the Legal team in developing the broad range of transaction documents associated with a transaction
Supports the preparation of transaction / growth related committees, including due diligence committees, to ensure effective implementation and execution of related projects
Documents pricing / underwriting assumptions, methodologies and results in a clear and transparent manner e.g. pricing memos, assumption summaries, and testing reports including structuring, regulatory impact assessment and the investment strategy of deals
Ensures structuring / pricing / underwriting strategies comply with Company appetite and within an accepted framework with inputs from CRO & Chief Actuary
Presents complex data and ideas in a coherent manner with understandable visuals to senior management
Works effectively with the rest of the Growth Solutions team members, fostering a culture of collaboration, learning, and excellence
Knowledge & Experience
Bachelors’ degree in Mathematics, Actuarial Science, Finance or related business discipline
FSA or near FSA, with 3+ years of experience
1+ years in analyzing M&A and reinsurance transactions in life insurance
Knowledge of life insurance regulations relating to reinsurance and M&A
Knowledge of tax, accounting and capital systems in US and Bermuda
Experience with risk management and measurement frameworks
Experience with modelling of life insurance products and corporate models
Detail oriented and strong analytical problem-solving skills
Strong oral and written communication skills; able to communicate with manager, team members and partners/customers
Location: New York City, would need to go into the office min 2-3 days per week.
Resolution Life US is committed to disclosing a reasonable estimate of the base salary for our job roles. These estimates consider a wide range of factors in making base salary decisions, including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. In addition to salary, Resolution Life US offers a comprehensive benefits package, including our health & wellness program, incentive and recognition programs, and 401k contribution (all benefits are subject to eligibility requirements). The salary range reflects figures based on the primary location, which is listed first. The range for the role may differ based on the location.
NYC: $125,100 - $152,000
Critical Skills
At Resolution Life, we have identified the following critical skills which are key to success in our culture:
Website: https://resolutionlife.com/
Headquarter Location: London, England, United Kingdom
Employee Count: 1001-5000
Year Founded: 2003
IPO Status: Private
Last Funding Type: Corporate Round
Industries: Financial Services ⋅ Insurance ⋅ Life Insurance