Business Development Director/ Chief Business Development Officer

  • 33736
  • Life - Actuarial
  • |
  • Bermuda
  • |
  • Jun 4, 2018
Reinsurance
RESPONSIBILITIES
  • Lead the development of insurer and reinsurer relationships in North America to generate reinsurance/ retrocession opportunities for the company’s primary lines of business.
  • Develop and implement a reinsurance marketing strategy for the company’s primary lines of business in North America.
  • Deliver new business opportunities to support the company in meeting its sales targets in North America.
  • Lead the development, structuring and execution of strategic new business initiatives across our primary lines of business.
  • Lead the structuring and execution of tactical new business solutions to ensure they are consistent with all legal, tax, operational and regulatory requirements.
  • Deliver solutions to manage key risk exposures including longevity, pandemic, liquidity and collateral risk including retrocession and insurance linked solutions.
  • Maintain oversight of the underwriting and pricing of primary lines of business.
  • Develop bid strategies for new business opportunities and make recommendations to the Reinsurance Capital Committee.
  • Carry out duties with integrity and diligence, ensure that appropriate professional standards are maintained, that Group requirements and reporting deadlines are met, that records are maintained and that the internal governance processes are fit for purpose and meet both group and regulatory requirements.
QUALIFICATIONS
  • Able to design, communicate, implement, and monitor robust and achievable business strategies incorporating the Companies risk appetite and appropriate controls.
  • Expert level understanding of business models and structuring.
  • Expert experience of bulk and individual annuity business in Canada.
  • Expert experience with client management and client development.
  • Expert experience with presenting at a Board level.
  • Able to understand and apply technical aspects of Canadian LICAT, Solvency II, external regulatory reporting, capital and solvency requirements and IFRS reporting.
  • Ability to communicate effectively, professional-level staff and peers.
  • Experience of pricing protection/mortality business.
  • Experience of management of performance and processes to ensure delivery of business objectives.
  • The ability to interpret financial information, identify key issues based on this information and propose new opportunities.
  • Able to take a balanced view, taking on board the views of others and potential risks, combined with the personal confidence to take decisions and to see them through.