PRT Transition Manager

Dorchester Center, MA, United States

Position Overview

The PRT Transition Manager is responsible for leading a series of complex conversion activities associated with new PRT deal transitions. The Transition Manager collaborates closely with their internal and external clients to create and deliver on a timeline of events to successfully transfer the administration of the pension plan. The Transition Manager acts as a key resource for activities to be performed by multiple parties including Plan Sponsors and Plan Administrators, Business Partners, Operational and Data Teams, Finance, Legal & Compliance and Business Development.

Responsibilities

Manage the Onboarding process (with representatives from clients, intermediaries, and internal stakeholders) including solving complex problems in the transition phases (planning, administrative, meetings, data analysis and communications tasks) in support of the installation of new cases.

Support all due diligence processes, including creation of external materials, coordinating answers to due diligence questionnaires and participating in external meetings - having a significant impact on our market impressions.

Day to day communication with partner Transition Manager to ensure project timeline deliverables are successfully met.

Track issues and provide/drive issue resolution.

Work closely with internal legal team to create and execute upon key legal documents such as GAC and Certificates.

Coordinates with RGA's Data Team to successfully convert data received from pension plans to internal recordkeeping platform.

Partner with internal and external parties to create proper Welcome Communications and drive key readiness activities such as call center readiness, website readiness, operational processes, etc.

Provide weekly status reports to internal stakeholders from time of premium transfer to final GAC execution and Certificate issuance.

Ensure that the administration transitioned is being administered in accordance with contractual, regulatory, and legal document requirements.

Perform other duties as assigned.

Requirements Bachelor's degree or equivalent work experience in relevant field

7+ Years total work experience, including: 2+ Years Project Management

2+ years Customer Service

2+ Years Insurance or Financial Services Industry

Strong organizational and prioritization skills

Intermediate Microsoft Office skills

Project management tools and techniques

Strong problem-solving skills

Ability to work in a fast-paced, ever-changing, and challenging environment

Ability to accomplish and lead tasks through others

Takes initiative and is accountable

Ability to balance details with high level communication needs based on audience

Intermediate oral and written communication skills

Comfortable presenting information to varied and mix audiences

Ability to balance priorities and deadlines

Ability to handle multiple projects/transitions at a time

Preferred: Knowledge of PRT and/or group annuity products

Excellent project management skills

Willing to travel as needed for client meetings (up to 10%)

1+ Year experience reading and interpreting legal and transaction documents

Experience with PRT installation and transition processes/management

Strong knowledge of PRT products, defined benefit pension regulations and pension plan de-risking, buy-out and buy-in PRT transactions

Company Overview

Reinsurance Group of America, Incorporated (NYSE: RGA ) is one of the largest global life and health reinsurance companies. With headquarters in St. Louis, Missouri, RGA supports clients and partners around the world through innovative approaches and customized solutions.

Founded in 1973, RGA celebrated its 50th anniversary in 2023. We are the only global reinsurance company to focus primarily on life- and health-related reinsurance solutions.

Our core products and services include life reinsurance, living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting, and product development.

RGA ranks #257 on the 2024 Fortune 500 list. The list ranks U.S.-based companies by total revenue.

RGA has been named to Fortune magazine's 2023 and 2024 lists of the World's Most Admired Companies.

RGA in Canada has been selected as one of Greater Toronto's Top Employers for 2024

RGA has approximately $3.5 trillion of life reinsurance in force and assets of $87.4 billion as of September 30, 2023.

RGA aims to evolve RGA workplaces and the communities in which RGA has a presence, into more diverse, equitable and inclusive environments. We will create a culture where individuals are valued, feel a sense of belonging, and are respected for their differences - a workplace where all employees are encouraged and supported to reach their full potential.

Our individual, social, economic, and cultural identities shape and influence our experiences and perspectives. Therefore, to do our best work RGA will ensure diversity in our workforce across the various dimensions of social, interpersonal, and cultural identity - and by practicing inclusivity in how we work with one another. Inclusion in our workplace is a step towards our purpose of making financial protection accessible to all .

Flexible Working Environment

RGA supports hybrid and flexible ways of working and would welcome a discussion on how it can balance what is important to you with business requirements during the recruitment process.

Visit our Annual Review site, https://rgaannualreview.com , to find out more about us.

RGA offers a comprehensive total rewards package including a range benefits and flexible plans. The pay range for this position is $84,860 - $128,110 per year in addition to an annual bonus. Base pay varies depending on job-related knowledge, skills, experience and market location.