About this opportunity
Wilton Re Ltd. lists this AVP, Operations opportunity in norwalk, Connecticut. Review the employer’s description below for duties, qualifications and application requirements.
Job description
AVP, Operations
We are searching for an experienced AVP, Operations at our Connecticut office OR Remote.
Full Time Norwalk, CT OR Remote
About the Company:
Wilton Re is an industry leader in the life (re)insurance space, specializing in the acquisition of in force life insurance and annuities. We are experienced industry specialists focused on the risk, capital and operational needs of our clients’ businesses. We provide our clients with the services they need from in force transactions and product development to underwriting and new business strategies. Wilton Re has the resources and expertise to pursue and successfully manage the largest life and annuity transactions in the market.
Position Summary:
Wilton Re Services, Inc. is looking for an Assistant Vice President (AVP) of Operations that can apply analytical and project management skills to both acquisition integration programs as well as on-going management of in force policies. This position requires insurance industry experience including product knowledge as well as some understanding of accounting and statutory reporting concepts. A candidate must also have experience in not only structuring and managing high-touch projects, but also facilitating solutions in different subject areas.
A candidate can expect to grow knowledge in the following:
Direct, Ceded, and Assumed insurance concepts across life, annuity, and Long Term Care (LTC) products
All aspects of integrating acquired blocks including administration during transition period, policy conversion, process integration, and data integration
All aspects of insurance operations including policy owner services, claims, actuarial, regulatory reporting and compliance, accounting, and financial reporting
Role Responsibilities:
Acquisition Integration:
Specific responsibilities applicable to legal entity purchases or reinsurance transactions (75%)
Assist in due diligence activities including tracking of operational requests and responses, conducting expenses analyses, as well as documenting risk assessments and operational considerations
Structure and manage transition plans across various functional areas and phases of integration from pre-closing to post-transition.
Coordinate activities across Wilton Re functional areas as well as external parties including the client to establish operational effectiveness both pre-and-post change in administration
Conduct general oversight of third-party providers that provide data conversion, target system modification, and business process conversion planning and execution
Assist in compiling the analysis and recommendations to resolve issues or mitigate risks across various matters during the transition and conversion period
Conduct oversight in the post-conversion phase where special monitoring or projects apply upon conversion of administration
In Force Management:
Applicable to on-going management of integrated transactions (25%)
Assist in the general oversight of third parties that provide operational services
Assist in monitoring Service Level Agreements and other operational aspects for in force management activities
Determine frequency and content of status reports, analyze results, and troubleshoot problem areas/mitigate risks for special projects
Collaborate with partners to establish or refine policies and procedures that define the necessary aspects of administration
Contribute to internal and external reporting and presentations (e.g., Board reporting)
Project Management:
General responsibilities applicable to all project-based work (Applies to both Acquisition Integration and In Force Management above)
Break-down high-level scope into the applicable work items across multiple disciplines and organizations
Define project scope, goals, and approach in collaboration with key contributors
Establish project plans including milestones, timelines, dependencies, and deliverables
Manage the entire project lifecycle through tracking, analyzing, and mitigating risks and issues
Communicate and manage project expectations to owners, sponsors, team members, and other stakeholders in a clear and concise fashion
Basic Qualifications:
Minimum 5 years of experience in the life and annuity insurance industry with a focus in business operations and project leadership as well as risk analysis and solutioning
A self-starter showcasing critical and analytical thinking skills
Excellent oral, written, and presentation communication skills
Have superior influencing / relationship management skills
Must be extremely organized, detail-oriented, and capable of self-managing and multi-tasking with excellent time management
Relevant experience working with various support functions such as finance, controls, information technology, and third-party management
Understanding of Assumed and Ceded insurance concepts, processes, and data
A solid understanding of MS Office including Excel, Word, and PowerPoint
Other Desirable Qualifications but not Required for Consideration:
Ability to query and manipulate large sets of data from disparate sources preferably using SQL
Understanding of basic aspects and tenets of Software Development Life Cycle (SDLC) as it would apply to project work
Experience with Extract Translate Load (ETL) projects such as data conversion and data integration
Experience with project planning software
Required Education / Certifications:
University degree preferably in the field of finance, business administration, or computer science
Pay/Location:
Norwalk, CT
Hybrid Structure
Minimal to no travel required
Base salary/hourly rate range for this position in Connecticut is between $120,000 and $160,000.
Wilton Re strives to attract, develop, and retain a diverse workforce. We are committed to providing an inclusive and accessible work environment where all associates feel valued, respected, and supported. Our commitment to inclusivity is reflected in the safeguards, policies and commitments we have in place to remove barriers and provide equal opportunities to prospective and current associates, without discrimination. A Human Resources representative is available to consult with applicants who require accommodation in the application or recruitment process. Any information shared by the applicant about an accommodation will be treated as confidential.
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Worksite address
norwalk, CT, 06860, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.