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Finance
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Assicurazioni Generali S.p.A.

Generali is a major player in the global insurance industry – a strategic and highly important sector for the growth, development and welfare of modern societies.

Within our Group CFO, we are currently looking for Senior Insurance Capital Solutions Specialist. Group Insurance Capital Solutions is in charge to the design and implementation of capital management solutions on insurance related risks, with the objective of transferring/covering insurance risks, protecting the Group balance sheet and optimizing the capital position of the BUs. In particular it consists of the investigation, the structuring, the execution and the maintenance of:

  • Structured solutions (ART, e.g. non-traditional reinsurance transactions on Value-In-Force, interest rate guarantees, run-off portfolio or disposal transactions)
  • Strategic solutions (like the setup and management of captive entities and the implementation of tools to facilitate transactions and improve capital fungibility)
  • Capital market solutions (like ILS, e.g. catastrophe bonds – catbonds – and other insurance securitizations) and  on the life and non-life insurance business of the overall Generali Group

In line with the findings and the identified needs, the targets of the solutions are mainly the following:

  • Optimization of the solvency ratio (acting both at Own Funds and Capital Requirement level)
  • Protection of the profit & loss account
  • Remittance increase

The candidate will be primarily working on the study, development and implementation of structured solutions (both Life and Non-Life) to be set-up within the Generali Group, supported by junior colleagues. The scope of activities will include for example: run-off portfolios reinsurance/disposal, LPT (Loss Portfolio Transfer) and ADC (Adverse Development Cover) solutions, other forms of alternative reinsurance or risk mitigation techniques.

 

 

Our ideal candidate will meet the following requirements:

Must have

  • At least 5 years of experience in insurance/reinsurance companies or broker houses
  • Economic/financial studies or best would be actuarial statistical studies
  • Capability to interact with internal senior colleagues and senior representatives of external counterparties/consultants
  • Accountable, flexible, collaborative, innovation oriented, proactive
  • Availability to work on the legal/contractual documentation of the transactions, in cooperation with legal colleagues and legal counsels
  • English speaking/written at good level

Nice to have

  • Previous working experience in Life or Non-Life reinsurance, Actuarial Dept. or Capital Management Dept.
  • Experience in project management

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