Operations Analyst

Company Description:

Aspida Re Services is a Class E licensed (re)insurance company based in Bermuda that provides annuity and life insurance companies with tailored risk management solutions, with a specialization in closed block and new business flow reinsurance of asset-intensive and interest rate-sensitive annuity and life insurance liabilities. Aspida Re Services has a dedicated team of 10 reinsurance professionals based in Hamilton, Bermuda responsible for reinsurance pricing, operations, and risk management. Aspida Re Services, is backed by Ares Management Corporates, “Ares” (NYSE: ARES), a leading global alternative investment manager with approximately $395 billion of assets under management and over 2,800 employees operating across North America, Europe, Asia Pacific and the Middle East. Aspida Re Services is supported by Ares Insurance (AIS), Ares’ dedicated, in-house team that provides asset management, capital solutions and corporate development services.

Who We Are:

Sometimes, a group of people come together and create something amazing. They don’t let egos get in the way. They don’t settle for the status quo, and they don’t complain when things get tough. Instead, they see a common vision for the future and each person makes an unspoken commitment to building that future together. That’s the culture, the moxie, and the story of Aspida.

Our business focuses on annuities and life insurance. At first, it might not sound flashy, but that’s why we’re doing things differently than everyone else in our industry. We’re dedicated to developing data-driven tech solutions, providing amazing customer experiences, and applying an entrepreneurial spirit to everything we do. Our work ethic is built on three main tenets: Get $#!+ Done, Do It with Moxie, and Have Fun. If this sounds like the place for you, read on, and then apply at aspida.com/careers.

What We Are Looking For:

Aspida Re Services is looking to fulfill the duties of an Operations Analyst. The incumbent will play an integral part of the team, with responsibility for assisting in all aspects of operations work performed including asset verification, compliance monitoring, reconciliations reserving, and modeling of products, This position will report to the Chief Operating Officer.

What You Will Do:

· Monitor and analyze investment portfolios to develop an understanding of positioning and how the team can enhance portfolios to support the objectives of Aspida Re Services.

· Complete cedent reconciliations monthly including reinsurance settlement support.

· Execute on periodic hedging activities.

· Prepare comprehensive reports and presentations detailing analysis findings, investment review and portfolio performance.

· Evaluate and reconcile each portfolio on a monthly basis.

· Evaluate the Aspida Re Services portfolio with regards to BMA ESG requirements.

· Assist with the onboarding of new Cedents.

· Support regulatory filings, management and business partners reports.

· Attend client meetings, supporting and write business technical papers.

· Complete ad hoc and special projects assigned on a timely basis.

What We Provide:

· Salaried, DOE

· Full-Time

· Full Benefits Package Available

What We Believe:

At Aspida Financial Services, LLC, we are committed to creating a diverse and inclusive environment and are proud to be an equal opportunity employer. As such, Aspida does not and will not discriminate in employment and personnel practices on the basis of race, sex, age, handicap, religion, national origin or any other basis prohibited by applicable law. Hiring, transferring and promotion practices are performed without regard to the above listed items.

What We Require:

· Bachelor’s degree required, preferably in finance, statistics, economics, accounting or similar numerical subject.

· CIMA designation is preferred.

· At least 3 to 5 years of experience in asset management with exposure to fixed income and credit investing.

· Exposure to insurance capital rules and investment accounting processes and procedures preferred (RBC, BSCR).

· Excellent interpersonal and communication skills, both written and verbal.

· Accuracy and attention to detail is essential with strong analytical acumen.

· Ability to work well in a lean team environment, often under pressure.

· Excellent work ethic, intellectual curiosity, good judgment, and positive attitude.

· Strong technical skills, including Excel and Bloomberg knowledge and working knowledge of Clearwater would be helpful.