VP, Business Development at Reinsurance Group of America | England, GBR | Rezi

VP, Business Development at Reinsurance Group of America

VP, Business Development

Reinsurance Group of America · England, GBR

3 weeks ago

VP, Business Development

Reinsurance Group of America · England, GBR

24 days ago
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About the Role

This role within the UK Business Development function will help to grow and develop RGA’s business in the UK and Irish markets. Responsibilities include defining and implementing strategy, owning key products, managing client relationships, and leading reinsurance transactions. The individual will enhance RGA’s reputation through thought leadership and industry representation.

Responsibilities

  • Ensure RGA meets its new business and financial targets in the reinsurance marketplace.
  • Lead or contribute to the development of product strategies and action plans for prospective new opportunities and new clients.
  • Drive the growth of the UK business as part of the UK Leadership team.
  • Establish and prioritize market opportunities, respond to tenders and client queries, and drive strategy.
  • Lead negotiation and structuring of reinsurance solutions and execute transactions.
  • Track issues, internal and external challenges, and ensure RGA procedures and approvals are followed.
  • Develop relationships with primary clients, brokers, banks, and consultants, including C-suite executives.
  • Own key client accounts and drive client-related initiatives.
  • Position RGA as the trusted advisor and reinsurance partner of choice.
  • Gain market intelligence, insights into market activities, and partnership opportunities.
  • Communicate insights to the wider team and senior internal stakeholders.
  • Enhance RGA’s reputation and brand in the market by presenting at seminars and publishing articles.
  • Help to develop and implement the UK marketing and branding strategy.
  • Maintain professional and technical knowledge by attending workshops, reviewing publications, and participating in professional societies.
  • Understand international accounting, solvency, and other regulations impacting clients.
  • Share expertise with others in RGA via working groups and project teams.
  • Understand financial statements, embedded value reports, and other public information for major account clients.
  • Perform other duties as assigned.

Requirements

  • Minimum 10-15 years’ insurance, reinsurance, or finance experience in a similar role.
  • Experience in a client-facing, sales, or structuring role.
  • Proven ability to lead a deal team through a complex execution process.
  • Proven ability to negotiate with large clients on high-value transactions.
  • An understanding of insurance accounting, tax, regulatory requirements, and investments.
  • Sound understanding of local markets and a detailed understanding of the drivers of the financial services industry.
  • Proven ability to successfully manage teams with layers of management.
  • Proven ability to influence key stakeholders internally and externally.

Skills

  • Relationship Building: Excellent communication and interpersonal skills.
  • Client Focus: Solution-oriented approach with a passion for exceeding client expectations.
  • Strategic Execution: Ability to define and execute business development strategies.
  • Results-Driven: Strong focus on achieving goals, deadlines, and managing a transaction-based workload.
  • Deal Negotiation: Excellent negotiation skills to close large (complex) deals.
  • Teamwork & Collaboration: Ability to contribute to a collaborative environment with an international perspective.
  • Communication & Innovation: Excellent written and presentational skills with the ability to develop innovative solutions.
  • Technical & Commercial Acumen: Strong understanding of both technical and commercial aspects of business development.
  • Leadership skills: Clear, proven leadership abilities, including motivational skills and strength of character.

Location

  • UK
  • Irish markets

Work Type

  • Full-time

Experience Level

  • 10-15 years

Education Level

  • Related degree, or equivalent experience and professional qualification is preferable.
  • This role may suit a qualified Actuary, however it may also suit candidates with a non-actuarial background.

About the Company

  • 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.
  • 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.