The Manager of Structured Finance coordinates cross functional project teams to develop financing solutions for COMPANY’S’s regulatory entities, leads and manages accounting and reporting functions on assigned structured finance transactions, reviews and analyzes structured finance transaction information ensuring accuracy of data and design, and evaluates and recommends improvements to efficiency for internal financing processes.
Required Qualifications
Bachelor’s Degree in business, with emphasis in accounting, finance or actuarial science or equivalent related work experience
8+ years of experience in accounting, auditing, or structured finance
Intermediate understanding of the US Life insurance and reinsurance markets
Ability to quickly adapt to new methods, work under tight deadlines and stressful conditions
Advanced level of listening, investigative, analytical, innovation and critical thinking skills
Advanced ability to design and structure financing solutions, including reinsurance provisions, which meet Company’s risk/return requirements as well as financing partner’s needs and regulatory requirements. This requires actuarial and/or accounting skills to address risk issues associated with proposed financing transactions.
What you will do
Manage a project team of professionals of varying levels (including investments, legal, and other corporate partners as needed) to structure and complete complex reinsurance transactions throughout the global Company’s organization. Provide a point of leadership as well as coordinate a collaborative effort to develop optimal solutions to meet legal entity and consolidated objectives.
Assist with coordinating the processes of analyzing transactions through interaction with the various technical experts in structured finance, accounting, legal, investments, tax, etc. Anticipate, identify, and resolve issues that arise during the COMPANY’S transaction analysis process to maximize the chance of a successful outcome.
Work with the transaction team to identify any issues related to the transaction and coordinate with the appropriate technical experts to make sure these issues get properly resolved in a timely manner to maximize the chance of success. Note that this position does not need to have all the technical expertise to analyze a transaction and resolve every issue but must have enough of an understanding of the transaction, the issue, and the Company’s organization to coordinate an appropriate response to resolve issues and successfully complete a transaction.
Lead negotiations with external parties ensuring that COMPANY’S’s financing needs are met efficiently and lead the implementation of legal entity optimization strategies, such as restacking efforts.
Establish processes that ensure financing transactions and support processes are implemented and administered properly.
Work with business units to identify potential financing needs, including cash, collateral, and regulatory requirements, by currency. Provide technical subject matter expertise to design and propose solutions, including reinsurance structures, securities lending, structured asset designs, and other capital market motivated strategies to allow COMPANY’S to efficiently finance its regulatory requirements.
Assists with oversight and management of other team members and manages direct reports (if applicable) through activities designed to improve processes and the ability to respond to external and internal customer needs.
Performs month-end/quarterly/annual financial reporting functions as assigned, primarily those associated with Structured Finance financing transactions, including recording financial activity, creating various financial reports, analyzing data, preparing general ledger uploads, and reconciling various general ledger accounts, administration of assigned internal retrocession agreements, balance sheets and income statement accounts. This includes coordination with other departments or subsidiary management personnel to obtain and compile required data, reconciling, and recording financial results to general ledger, and analysis and compiling data based on a US GAAP and Statutory basis.
May include preparation of quarterly and annual financial statements. Leads quarterly officer meetings for assigned subsidiaries.
Supports the department’s internal control and audit compliance process.
Soft Skills
Highly advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received
Expert ability to balance detail with departmental goals/objectives
Highly advanced skills in customer relationship management and change management
Advanced ability to translate business needs and problems into viable/accepted solutions
Expert ability to manage multiple projects and/or teams simultaneously
Expert ability to consult with individuals across a wide variety of operational, functional, and technical disciplines
Highly advanced persuasion and negotiation skills when working with internal/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
Ability to travel domestically and internationally (< 20%)