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Reinsurance Group of America, Incorporated · 1 day ago

Pension Risk Transfer Senior Contract Analyst

United States, New York, NY

Full-time

Hybrid

Senior Level, Lead/Staff

$100K/yr - $151K/yr

10+ years exp

Reinsurance Group of America, Incorporated is a Fortune 200 Company focused on life- and health-related solutions. They are seeking a Pension Risk Transfer Senior Contract Analyst to analyze complex bid specifications, draft benefit summaries, and coordinate state regulatory filings for group annuity contracts.

Financial ServicesHealth InsuranceInsuranceLife InsuranceService Industry

Responsibilities

Analyze complex bid specifications and detailed census data in order to draft benefit summaries in tailored PRT proposals. The PRT proposals are prepared in response to RFPs from plan sponsors of qualified defined benefit plans that will be purchasing annuities for its pension benefit obligations

Work with multiple RGA business teams to prepare, review and edit commitment agreements negotiated between RGA and attorneys representing employers selecting an insurance company for the PRT transaction. The insurer selection is done through a time sensitive competitive quote process. A dollar amount of single premium for group annuity contract for a PRT transaction varies greatly, up to a multi-billion-dollar premium

Draft group annuity contractual forms and annuity certificates supporting new sales for RGA’s Institutional Markets, however highly focused on PRT. These contractual documents may be issued to employers who purchased group annuity benefits solely with RGA or for PRT transactions that are split between RGA and another insurance company. Drafting the forms requires soliciting, coordinating, and finalizing input from the PRT contract team leadership, internal RGA business partners, as well as negotiated changes requested by the contract holder

Prepare subsequent amendments for executed commitment agreements and contracts, as needed. Facilitate the distribution and review of draft legal document such as non-disclosure agreements

Coordinate and submit all state regulatory and Interstate Insurance Product Regulation Commission filings, including, but not limited to, group annuity contracts, certificates, amendments, business entity annual certifications, and annual registration forms utilizing the System for Electronic Rates and Form Filings (“SERFF”)

Maintain and manage efficient version control of documents during review and negotiation. Maintain appropriate archive of all PRT executed contracts

Collaborate with the PRT contract team and internal business stakeholders to develop, implement and maintain regulatory compliance policies and procedures

Qualification

Insurance contract experienceDefined benefit plans knowledgeLegal backgroundSERFF proficiencyLegal research servicesCustomer service focusCommunication skillsProblem-solving skillsAttention to detailTeamwork ability

Required

Bachelor's Degree in Arts/Sciences (BA/BS) or equivalent experience, required

10+ Years of insurance contract, compliance, legal experience, or defined benefit plan development

Knowledge of defined benefit plans and PRT business

Knowledge of relevant legal & regulatory environments

Expert ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines

Excellent written and verbal communication skills with competency in grammar, spelling, and punctuation

Expert ability to undertake multiple projects and tasks simultaneously in a high-pressure work environment

Ability to respond appropriately and professionally to insurance department analysts and examiners

Ability to work well both independently and in a team environment across a global organization

Legal background; understanding of pension benefits and regulation

Demonstrated research and problem-solving skills

Exceptional attention to detail

Customer service focus

Ability to understand and negotiate RGA and client business objectives, governing laws, and regulations in order to design legal contracts

Ability to demonstrate thought leadership within their area of expertise

Preferred

Advanced degree(s) or Law Degree, preferred

Paralegal Certificate from accredited institution, preferred

Experience using SERFF and legal research services, such as Lexis Nexis, preferred

Experience researching state insurance laws, regulations, and relevant tax law, preferred

Benefits

Annual bonus plan

Long-term equity incentive plan

Full range of health, retirement, and other employee benefits

Company

Reinsurance Group of America, Incorporated

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Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital.

Founded in 1973

Chesterfield, Missouri, USA

1001-5000 employees