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Group 1001 · 3 hours ago

Associate Director, Reinsurance Associate

Chicago, IL

Full-time

Onsite

Mid, Senior Level, Lead/Staff

$140K/yr - $160K/yr

4+ years exp

Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance. The Reinsurance Associate will support the development, execution, and management of annuity reinsurance programs, working closely with internal teams and external partners to analyze and monitor transactions.

FinanceFinancial ServicesInsurance

H1B Sponsor Likely

Responsibilities

Assist in due diligence and transaction structuring for prospective reinsurance partners, including treaty review, pricing analysis, cash-flow modeling, and risk assessment

Support the execution of international annuity reinsurance transactions, coordinating across time zones and managing deliverables with reinsurers, brokers, and banking partners

Maintain relationships with global reinsurance counterparties and intermediaries; ensure all treaty requirements are met, including payments, collateral postings, and settlement reporting

Monitor and periodically review active reinsurance treaties

Partner with Actuarial and Finance teams to analyze ceded liabilities, profitability, and capital impacts; prepare reports for management and regulatory purposes

Research new structures, including interpreting differences in regulatory regimes as they relate to annuity reinsurance structures

Coordinate closing deliverables, signature packets, and flow of funds across internal and external stakeholders

Validate and reconcile reinsurance data feeds; contribute to automation and accuracy enhancements across reporting processes

Support onboarding of new treaties into internal systems; monitor performance metrics, collateral adequacy, and compliance

Monitor developments in the global annuity reinsurance market, including pricing trends, counterparties, and emerging opportunities

Collaborate with Legal, Actuarial, Finance, and Investment teams to ensure alignment across transaction execution, valuation, and reporting

Identify and implement opportunities to streamline reporting, enhance data quality, and strengthen operational controls throughout the reinsurance lifecycle

Qualification

Annuity reinsurance experienceQuantitative analysisExcel proficiencyLife reinsurance structuresHedgingALMCuriosityAttention to detailWritten communicationVerbal communicationCollaboration skills

Required

Bachelor's degree in Finance, Actuarial Science, Economics, Mathematics, or a related field

4-6 years of experience in annuity reinsurance or related transaction support at an insurer, reinsurer, or consulting firm

Familiarity with life and annuity reinsurance structures (e.g., coinsurance, funds-withheld, modified coinsurance, offshore arrangements, trust/collateral mechanics)

Strong quantitative and analytical skills with proficiency in Excel (required)

Excellent organization, attention to detail, and written and verbal communication skills

Ability to work collaboratively across teams and manage multiple priorities in a dynamic environment

Curiosity and desire to learn about global reinsurance markets and how to participate in emerging opportunities in this market

Preferred

Experience with hedging and ALM a plus, particularly foreign currency hedging and duration risk management

Benefits

Comprehensive health, dental, and vision insurance plan options

Basic and Supplemental Life Insurance

Short and Long-Term Disability

Employee Assistance Program

Wellness programs

401K plan, with matching contributions by the Company

Company

Group 1001

Group 1001 is a collective that empowers companies to create positive growth. Our insurance and annuities are easy to understand and accessible to all.

Founded in 2013

Zionsville, Indiana, USA

1001-5000 employees

https://group1001.com/

H1B Sponsorship

Group 1001 has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2021 (1)

2020 (1)