At American Equity we offer leading annuity products that help empower our clients to fulfill their needs and wants in retirement. Our success comes from hiring high-energy individuals who embody the beliefs that drive our unique culture. We currently fund over half a million retirements nationwide, and have been headquartered in West Des Moines, Iowa, for over twenty-five years with satellite offices in Charlotte, NC and New York, NY.
GENERAL PURPOSE OF THE JOB:
The Reinsurance Technical Administrator oversees and manages technical processes related to reinsurance and financial systems. The role ensures the efficient handling of reinsurance operations, develop strategies for derivatives and hedging, and contributes to the technical optimization of our systems.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Provides technical leadership and expertise in reinsurance operations, including contract administration, claims, and settlements.
- Develops and manages hedging and derivatives strategies to support reinsurance objectives.
- Maintains, enhances, and troubleshoots reinsurance and financial systems, ensuring seamless functionality.
- Utilizes SQL extensively for database management, querying, and reporting.
- Collaborates with cross-functional teams to align reinsurance and financial systems with organizational goals.
- Participates in the design and enhancement of IT systems related to reinsurance, including COBOL-based systems.
- Analyzes and improves existing technical processes to optimize efficiency and compliance.
- Ensures adherence to industry regulations and best practices within the reinsurance and insurance domains.
- Performs other related duties as assigned.
SUPERVISORY RESPONSIBILITIES:
Direct Reports:
None
Indirect Reports:
None
EDUCATION AND/OR EXPERIENCE:
- Bachelor’s degree is required. A Master’s Degree is preferred, plus six (6) or more years of related experience.
- Experience in leading/supporting project delivery and systems support
- Experience in system migrations or enhancements related to reinsurance operations.
- Experience with COBOL programming (preferred).
CERTIFICATES, LICENSES, PROFESSIONAL DESIGNATIONS:
None required for this position.
KNOWLEDGE, SKILLS AND ABILITIES:
- Knowledge of emerging technologies and trends in the insurance industry.
- Strong knowledge of reinsurance concepts, including risk transfer mechanisms and treaty structures.
- In-depth understanding of derivatives and hedging strategies within the insurance and financial sectors.
- Advanced proficiency in SQL for database management, analysis, and reporting (required).
- A minimum of three years of experience working in the insurance industry.
- Strong organizational and planning skills.
- Ability to effectively present information and respond to questions.
- Ability to define problems, collect data, establish facts, and draw valid conclusions.
- Ability to successfully handle pressure and meet deadlines in a fast-paced work environment.
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Top Skills
What We Do
American Equity* Fixed Index Annuities * Retirement Planning * Customer Service
An American-owned and operated company headquartered in the heart of the Midwest, American Equity Investment Life Insurance Company® is a leader in the fixed indexed annuities marketplace. American Equity’s growth and success is attributed to our dedication to excellent customer service and emphasis on building customer relationships.
“The One Who Works for You!®” serves as the foundation for the way American Equity does business and values its more than 500 employees. Guided by our Principles of Excellence, we do more than sell retirement annuity products -- we are dedicated to fostering opportunity and innovation to meet the ever-changing needs and goals of retirement.
"It's About the People" is the American Equity story and the legacy of our founder David J. Noble. This commitment to excellence includes our employees, agents, partners, and contract owners. We thank you for entrusting us with the things that matter most.
When your retirement begins, you want to ensure you can enjoy it, which is why it’s important to have reliable support that can help fund every day of your golden years. After all, your life of hard work has earned you the retirement you planned for. These are the guiding principles that define everything we do. American Equity is the one who works for you.
