Director, Ceded Reinsurance
Apply NowCompany: Corebridge Financial
Location: Jersey City, NJ 07305
Description:
Who We Are
At Corebridge Financial, we believe action is everything. That's why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.
We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life:
We are stronger as one: We collaborate across the enterprise, scale what works and act decisively for our customers and partners
We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders
We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future
We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work
About this role:
Director, Ceded Reinsurance
The focus of the position includes identifying, structuring, and executing on opportunities for reinsurance within Corebridge, with primary focus on affiliated / offshore reinsurance transactions.
Ceded Re group is also responsible for representing Corebridge's interests with major stakeholders both internally and externally with industry groups, reinsurers, government and regulatory bodies, and various internal stakeholders.
Primary responsibilities include:
What we are looking for
For positions based in Jersey City, Woodland Hills or Los Angeles the base salary range is $200,000 - $225,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. Lastly, we're proud to offer a range of competitive benefits.
This role is deemed a "covered associate" under SEC Rule 206(4)-5, 17 CFR 275.206(4)-5, Political contributions by certain investment advisers, and other federal and state pay-to-play rules. Candidates for the role must not have made any political contributions that, under 17 CFR 275.206(4)-5 or other federal or state pay-to-play regulations, would disqualify the candidate or Corebridge Financial from conducting Corebridge Financial's business, or that would otherwise create a conflict of interest for Corebridge Financial. Applicants who are selected to move forward with the application process will be required to disclose all U.S. political contributions they and their household family members have made over the past two years.
Applications will be accepted for this position until a satisfactory candidate pool has been identified.
Why Corebridge?
At Corebridge Financial, we prioritize the health, well-being, and work-life balance of our employees. Our comprehensive benefits and wellness program is designed to support employees both personally and professionally, ensuring that they have the resources and flexibility needed to thrive.
Benefit Offerings Include:
Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being
Retirement Savings: We offer retirement benefits options, which vary by location. In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.
Employee Assistance Program: Confidential counseling services and resources are available to all employees
Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000
Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work
Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.
Eligibility for and participation in employer-sponsored benefit plans and Company programs will be subject to applicable law, governing Plan document(s) and Company policy.
We are an Equal Opportunity Employer
Corebridge Financial, is committed to being an equal opportunity employer and we comply with all applicable federal, state, and local fair employment laws. All applicants will be considered for employment based on job-related qualifications and without regard to race, color, religion, sex, gender, gender identity or expression, sexual orientation, national origin, disability, neurodivergence, age, veteran status, or any other protected characteristic. The Company is also committed to compliance with all fair employment practices regarding citizenship and immigration status. At Corebridge Financial, we believe that diversity and inclusion are critical to building a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our colleagues are respected as individuals and valued for their unique perspectives.
Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees, including any accommodations needed on the basis of physical or mental disabilities or sincerely held religious beliefs. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to TalentandInclusion@corebridgefinancial.com. Reasonable accommodations will be determined on a case-by-case basis, in accordance with applicable federal, state, and local law.
We will consider for employment qualified applicants with criminal histories, consistent with applicable law.
To learn more please visit: www.corebridgefinancial.com
Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to TalentandInclusion@corebridgefinancial.com. Reasonable accommodations will be determined on a case-by-case basis.
We consider qualified applicants with criminal histories, consistent with applicable law.
Applications will be accepted for this position until a satisfactory candidate pool has been identified
Functional Area:
RE - Reinsurance
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: Yes
American General Life Insurance Company
At Corebridge Financial, we believe action is everything. That's why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.
We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life:
We are stronger as one: We collaborate across the enterprise, scale what works and act decisively for our customers and partners
We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders
We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future
We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work
About this role:
Director, Ceded Reinsurance
The focus of the position includes identifying, structuring, and executing on opportunities for reinsurance within Corebridge, with primary focus on affiliated / offshore reinsurance transactions.
Ceded Re group is also responsible for representing Corebridge's interests with major stakeholders both internally and externally with industry groups, reinsurers, government and regulatory bodies, and various internal stakeholders.
Primary responsibilities include:
- Identifying reinsurance opportunities and executing reinsurance transactions
- Overseeing the execution and structuring of any ceded reinsurance strategies on behalf of Corebridge with focus on affiliated / offshore reinsurance
- Working closely with the quantitative strategy group to develop framework for evaluation of opportunities
- Effectively interacting with functional areas (e.g. Legal, HR, IT, etc.) to ensure any transactions are aligned with the strategic, operating, and financial plans of the businesses
- Managing reinsurance filings and requirements for existing and new treaties
- Regulatory requirements under different jurisdictions (e.g. NAIC Form D filings, Bermuda SBA filings)
- Evaluating requirements through deal models in close coordination with broader Corebridge anlaytics teams
- Evaluating financial impact of transactions
- Maintaining an active dialogue and partnership with all Corebridge lines of business
- Understanding the organization's desire to pursue reinsurance opportunities
- Presenting to leadership any opportunities to optimize the profitability of existing and future business via reinsurance
- Ensuring compliance with relevant legal and statutory requirements, meeting principles of sound corporate governance and environmental, health, safety and quality standards
What we are looking for
- 5+ years related experience with reinsurance transactions and structuring
- Knowledge of Bermuda regulatory requirements
- Subject matter expertise in Life Insurance Products and Retirement Products preferred
- Proven experience developing and executing multi-year roadmaps
- Bachelor's Degree required. Master's Degree and/or other insurance designations such as ASA/FSA, CERA, CPCU, or ARM preferred.
- Clear and accessible communicator, influencer, and facilitator
For positions based in Jersey City, Woodland Hills or Los Angeles the base salary range is $200,000 - $225,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. Lastly, we're proud to offer a range of competitive benefits.
This role is deemed a "covered associate" under SEC Rule 206(4)-5, 17 CFR 275.206(4)-5, Political contributions by certain investment advisers, and other federal and state pay-to-play rules. Candidates for the role must not have made any political contributions that, under 17 CFR 275.206(4)-5 or other federal or state pay-to-play regulations, would disqualify the candidate or Corebridge Financial from conducting Corebridge Financial's business, or that would otherwise create a conflict of interest for Corebridge Financial. Applicants who are selected to move forward with the application process will be required to disclose all U.S. political contributions they and their household family members have made over the past two years.
Applications will be accepted for this position until a satisfactory candidate pool has been identified.
Why Corebridge?
At Corebridge Financial, we prioritize the health, well-being, and work-life balance of our employees. Our comprehensive benefits and wellness program is designed to support employees both personally and professionally, ensuring that they have the resources and flexibility needed to thrive.
Benefit Offerings Include:
Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being
Retirement Savings: We offer retirement benefits options, which vary by location. In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.
Employee Assistance Program: Confidential counseling services and resources are available to all employees
Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000
Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work
Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.
Eligibility for and participation in employer-sponsored benefit plans and Company programs will be subject to applicable law, governing Plan document(s) and Company policy.
We are an Equal Opportunity Employer
Corebridge Financial, is committed to being an equal opportunity employer and we comply with all applicable federal, state, and local fair employment laws. All applicants will be considered for employment based on job-related qualifications and without regard to race, color, religion, sex, gender, gender identity or expression, sexual orientation, national origin, disability, neurodivergence, age, veteran status, or any other protected characteristic. The Company is also committed to compliance with all fair employment practices regarding citizenship and immigration status. At Corebridge Financial, we believe that diversity and inclusion are critical to building a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our colleagues are respected as individuals and valued for their unique perspectives.
Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees, including any accommodations needed on the basis of physical or mental disabilities or sincerely held religious beliefs. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to TalentandInclusion@corebridgefinancial.com. Reasonable accommodations will be determined on a case-by-case basis, in accordance with applicable federal, state, and local law.
We will consider for employment qualified applicants with criminal histories, consistent with applicable law.
To learn more please visit: www.corebridgefinancial.com
Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to TalentandInclusion@corebridgefinancial.com. Reasonable accommodations will be determined on a case-by-case basis.
We consider qualified applicants with criminal histories, consistent with applicable law.
Applications will be accepted for this position until a satisfactory candidate pool has been identified
Functional Area:
RE - Reinsurance
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: Yes
American General Life Insurance Company