Head of Business Development - NAL Life Financial Solutions

Tolland, CT, United States

Company Description

PartnerRe is a leading, privately owned, multi-line global reinsurer with a reputation of financial stability and strength, and a commitment to rebuilding businesses and communities after risk events around the world.

Our mission is to continue to be a financially stable and predictable business partner, supporting our clients with solutions tailored to their needs, delivering superior returns to our owner, providing rewarding opportunities for our people and making a positive contribution to society. To achieve this, we live by our values of Integrity, Performance, Collaboration, Straightforward Communication and Respect and Care.

Core to The PartnerRe Experience is our global nature. No matter where you sit in the company, you are part of something bigger. Our teams represent our truly international mindset, forging connections across office locations and all levels of the organization and building a network of mutual success. The result is a day-to-day experience that will allow you to:

Shape your own career

Grow in a supportive environment

Connect with a community of experts

Make an impact

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Job Description

About this job:

Do you want to be an integral part of our growth story? PartnerRe setup its global Financial Solutions team 5 years ago and is looking to expand and grow it business over the next 10 years.

We are seeking a dynamic and results oriented leader of our Financial Solutions business development activity in NAL. The successful candidate will be responsible for identifying and cultivating business opportunities within the Financial Solutions sector, driving revenue growth, and expanding our client base. The role provides the opportunity to shape the strategic direction in NAL helping drive forward the expansion of solutions and our risk appetite over time.

Your responsibilities will include:

Building and Maintaining Client relationships with Life Insurers, Brokers, Asset Gathers, Reinsurers and Investment Bankers.

Prospect, identify, and engage with potential clients in the financial services industry to promote our solutions and services.

Lead our business development team (initially 2 but increasing to 3 in 2025).

Understand client needs and requirements, and tailor solutions to meet their specific business objectives.

Collaborate with cross-functional teams to develop and execute strategic plans and initiatives.

Stay abreast of industry trends, market developments, and competitor activities to identify new business opportunities.

The deal execution involving responding to RFPs, negotiating terms with clients, and preparation of the internal approval reports working in conjunction with NAL structuring team.

Successfully onboarding the business, working closely with accounts, legal, claims and underwriting.

Reviewing the appropriate of our existing solutions and helping drive forward the expansion of our solutions and appetite over time. Supporting and potentially driving forward the asset intensive business case.

Build strong rapport, trust and credibility with the team and corporate functions to continue to support an increase delegation to the FinSol organization to continue to improve the streamlining of deal approvals whilst having the right controls.

Develop a high profile within L&H business establishing regular contact with our traditional team, stakeholders and decision makers.

Contribute to global FinSol topics as a member of the FinSol leadership team.

Working on other ad-hoc projects or strategic initiatives as required

Qualifications

About you:

You are a commercially astute individual with proven industry expertise and an ability to demonstrate both market and technical knowhow. You continue to be driven by a desire to add value. Creativity, curiosity, and pragmatism are desirable attitudes.

You enjoy collaborating with your colleagues as well as working on your own. Your preference is to be part of an international and multicultural environment, handling diverse tasks, yet always ready to serve the team and meet the business needs.

Moreover, you ideally have the following background, skills and mindset: Strong relationships with C-Suite executives (decision makers) at the top and middle tiers of Life and Annuity Insurance carriers.

Extensive experience of Financial Solution structuring in the US with both life and annuity business.

Proven track record of success in business development roles within the US financial service industry.

Proven ability to close multiple transactions per year exceeding Revenue Targets.

Excellent communication, negotiation, and interpersonal skills.

Familiarity in accounting standards (e.g. LDTI/IFRS-17), solvency regimes (US Statutory and EU Solvency II), financial reporting, valuation and ALM

Comfortable in client facing capacity as well as working in a dynamic and fast paced environment.

Organised and self-motivated to drive forward ongoing solution development.

Additional Information

What can we offer you?

An international environment in a Global team, where you will be challenged, can learn from other global experienced specialists and are exposed to multiple lines of our business in a wide range of countries. A structure which fosters empowerment and collaboration with various stakeholders including C-suite contacts in our clients.

In our agile team, your impact really makes a difference and our structure fosters empowerment and collaboration with various partners. As a growing business you will have the opportunity to help shape our team and be an integral part of our success.

Occasional travel within the region should be expected.

#LI-Hybrid

PartnerRe provides a working environment in which diversity is valued, where all employees feel welcome, respected, and empowered to perform at their best. We invite you to learn more about D&I at PartnerRe.

Thank you,

PartnerRe Hiring Team

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