Reinsurance Group Of America, Incorporated
Pension Risk Transfer Senior Contract Analyst
Reinsurance Group Of America, Incorporated, New York, New York, us, 10261
You desire impactful work.
You’re
RGA ready
RGA is a purpose-driven organization working to solve today’s challenges through innovation and collaboration. A Fortune 200 Company and listed among its World’s Most Admired Companies, we’re the only global reinsurance company to focus primarily on life- and health-related solutions. Join our multinational team of intelligent, motivated, and collaborative people, and help us make financial protection accessible to all.
Experienced contract analyst specializing in the development and issuance of group annuity contracts sold by RGA to employers purchasing group annuity benefits for participants of its defined benefit plans. The contract analyst demonstrates proven experience to deliver detailed and complex benefit summaries, commitment agreements, contracts and certificates for pension risk transfer transactions. Effectively communicates with management, internal partners, clients, and state regulators to resolve problems, find solutions and report results.
Principle Duties
Analyze complex bid specifications and detailed census data in order to draft benefit summaries in tailored PRT proposals. The PRT proposals are prepared in response to RFPs from plan sponsors of qualified defined benefit plans that will be purchasing annuities for its pension benefit obligations.
Work with multiple RGA business teams to prepare, review and edit commitment agreements negotiated between RGA and attorneys representing employers selecting an insurance company for the PRT transaction. The insurer selection is done through a time sensitive competitive quote process. A dollar amount of single premium for group annuity contract for a PRT transaction varies greatly, up to a multi-billion-dollar premium.
Draft group annuity contractual forms and annuity certificates supporting new sales for RGA’s Institutional Markets, however highly focused on PRT. These contractual documents may be issued to employers who purchased group annuity benefits solely with RGA or for PRT transactions that are split between RGA and another insurance company. Drafting the forms requires soliciting, coordinating, and finalizing input from the PRT contract team leadership, internal RGA business partners, as well as negotiated changes requested by the contract holder.
Prepare subsequent amendments for executed commitment agreements and contracts, as needed. Facilitate the distribution and review of draft legal document such as non-disclosure agreements.
Coordinate and submit all state regulatory and Interstate Insurance Product Regulation Commission filings, including, but not limited to, group annuity contracts, certificates, amendments, business entity annual certifications, and annual registration forms utilizing the System for Electronic Rates and Form Filings ("SERFF").
Maintain and manage efficient version control of documents during review and negotiation. Maintain appropriate archive of all PRT executed contracts.
Collaborate with the PRT contract team and internal business stakeholders to develop, implement and maintain regulatory compliance policies and procedures.
Education
Bachelor’s Degree in Arts/Sciences (BA/BS) or equivalent experience, required
Advanced degree(s) or Law Degree, preferred
Paralegal Certificate from accredited institution, preferred
Work Experience
10+ Years of insurance contract, compliance, legal experience, or defined benefit plan development.
Experience using SERFF and legal research services, such as Lexis Nexis, preferred.
Experience researching state insurance laws, regulations, and relevant tax law, preferred.
Skills and Abilities
Knowledge of defined benefit plans and PRT business
Knowledge of relevant legal & regulatory environments
Expert ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines. Excellent written and verbal communication skills with competency in grammar, spelling, and punctuation.
Expert ability to undertake multiple projects and tasks simultaneously in a high-pressure work environment
Ability to respond appropriately and professionally to insurance department analysts and examiners.
Ability to work well both independently and in a team environment across a global organization
Legal background; understanding of pension benefits and regulation
Demonstrated research and problem-solving skills
Exceptional attention to detail
Customer service focus
Ability to understand and negotiate RGA and client business objectives, governing laws, and regulations in order to design legal contracts
Ability to demonstrate thought leadership within their area of expertise
#LI-MJ1 #LI-HYBRID
What you can expect from RGA
Gain valuable knowledge from and experience with diverse, caring colleagues around the world.
Enjoy a respectful, welcoming environment that fosters individuality and encourages pioneering thought.
Join the bright and creative minds of RGA, and experience vast, endless career potential.
We’re excited to get to know you and connect your unique skills with our global opportunities. To create a modern and seamless experience, we use artificial intelligence (AI) in parts of our preliminary screening process. This technology helps us personalize job recommendations, automate interview scheduling, evaluate candidates based solely on experience—without considering name, gender, or other personal details—and provide real-time answers through our chatbot. AI is used only during early screening and never makes hiring decisions. Your RGA recruiter will work closely with you every step of the way to ensure the process feels personal, thoughtful, and focused on you.
Compensation Range $100,150.00 - $151,150.00 Annual
Base pay varies depending on job-related knowledge, skills, experience and market location. In addition, RGA provides an annual bonus plan that includes all roles and some positions are eligible for participation in our long-term equity incentive plan. RGA also maintains a full range of health, retirement, and other employee benefits.
RGA is an equal opportunity employer. Qualified applicants will be considered without regard to race, color, age, gender identity or expression, sex, disability, veteran status, religion, national origin, or any other characteristic protected by applicable equal employment opportunity laws.
#J-18808-Ljbffr
You’re
RGA ready
RGA is a purpose-driven organization working to solve today’s challenges through innovation and collaboration. A Fortune 200 Company and listed among its World’s Most Admired Companies, we’re the only global reinsurance company to focus primarily on life- and health-related solutions. Join our multinational team of intelligent, motivated, and collaborative people, and help us make financial protection accessible to all.
Experienced contract analyst specializing in the development and issuance of group annuity contracts sold by RGA to employers purchasing group annuity benefits for participants of its defined benefit plans. The contract analyst demonstrates proven experience to deliver detailed and complex benefit summaries, commitment agreements, contracts and certificates for pension risk transfer transactions. Effectively communicates with management, internal partners, clients, and state regulators to resolve problems, find solutions and report results.
Principle Duties
Analyze complex bid specifications and detailed census data in order to draft benefit summaries in tailored PRT proposals. The PRT proposals are prepared in response to RFPs from plan sponsors of qualified defined benefit plans that will be purchasing annuities for its pension benefit obligations.
Work with multiple RGA business teams to prepare, review and edit commitment agreements negotiated between RGA and attorneys representing employers selecting an insurance company for the PRT transaction. The insurer selection is done through a time sensitive competitive quote process. A dollar amount of single premium for group annuity contract for a PRT transaction varies greatly, up to a multi-billion-dollar premium.
Draft group annuity contractual forms and annuity certificates supporting new sales for RGA’s Institutional Markets, however highly focused on PRT. These contractual documents may be issued to employers who purchased group annuity benefits solely with RGA or for PRT transactions that are split between RGA and another insurance company. Drafting the forms requires soliciting, coordinating, and finalizing input from the PRT contract team leadership, internal RGA business partners, as well as negotiated changes requested by the contract holder.
Prepare subsequent amendments for executed commitment agreements and contracts, as needed. Facilitate the distribution and review of draft legal document such as non-disclosure agreements.
Coordinate and submit all state regulatory and Interstate Insurance Product Regulation Commission filings, including, but not limited to, group annuity contracts, certificates, amendments, business entity annual certifications, and annual registration forms utilizing the System for Electronic Rates and Form Filings ("SERFF").
Maintain and manage efficient version control of documents during review and negotiation. Maintain appropriate archive of all PRT executed contracts.
Collaborate with the PRT contract team and internal business stakeholders to develop, implement and maintain regulatory compliance policies and procedures.
Education
Bachelor’s Degree in Arts/Sciences (BA/BS) or equivalent experience, required
Advanced degree(s) or Law Degree, preferred
Paralegal Certificate from accredited institution, preferred
Work Experience
10+ Years of insurance contract, compliance, legal experience, or defined benefit plan development.
Experience using SERFF and legal research services, such as Lexis Nexis, preferred.
Experience researching state insurance laws, regulations, and relevant tax law, preferred.
Skills and Abilities
Knowledge of defined benefit plans and PRT business
Knowledge of relevant legal & regulatory environments
Expert ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines. Excellent written and verbal communication skills with competency in grammar, spelling, and punctuation.
Expert ability to undertake multiple projects and tasks simultaneously in a high-pressure work environment
Ability to respond appropriately and professionally to insurance department analysts and examiners.
Ability to work well both independently and in a team environment across a global organization
Legal background; understanding of pension benefits and regulation
Demonstrated research and problem-solving skills
Exceptional attention to detail
Customer service focus
Ability to understand and negotiate RGA and client business objectives, governing laws, and regulations in order to design legal contracts
Ability to demonstrate thought leadership within their area of expertise
#LI-MJ1 #LI-HYBRID
What you can expect from RGA
Gain valuable knowledge from and experience with diverse, caring colleagues around the world.
Enjoy a respectful, welcoming environment that fosters individuality and encourages pioneering thought.
Join the bright and creative minds of RGA, and experience vast, endless career potential.
We’re excited to get to know you and connect your unique skills with our global opportunities. To create a modern and seamless experience, we use artificial intelligence (AI) in parts of our preliminary screening process. This technology helps us personalize job recommendations, automate interview scheduling, evaluate candidates based solely on experience—without considering name, gender, or other personal details—and provide real-time answers through our chatbot. AI is used only during early screening and never makes hiring decisions. Your RGA recruiter will work closely with you every step of the way to ensure the process feels personal, thoughtful, and focused on you.
Compensation Range $100,150.00 - $151,150.00 Annual
Base pay varies depending on job-related knowledge, skills, experience and market location. In addition, RGA provides an annual bonus plan that includes all roles and some positions are eligible for participation in our long-term equity incentive plan. RGA also maintains a full range of health, retirement, and other employee benefits.
RGA is an equal opportunity employer. Qualified applicants will be considered without regard to race, color, age, gender identity or expression, sex, disability, veteran status, religion, national origin, or any other characteristic protected by applicable equal employment opportunity laws.
#J-18808-Ljbffr