Actuary - Global Valuation

Position Overview

RGA's culture stresses high performance and collaboration. We hire the smartest people in the industry and believe smart people work smarter when they're empowered to use logic balanced with creativity and curiosity. RGA also values humility, and its employees work together without ego to bring value to RGA while revolutionizing the life and health insurance space. But more than anything, RGA employees love their jobs because it's challenging and rewarding work. These are just a few of the attributes we are looking for in Global Valuation.

This role will contribute to the continued development, improvement, and governance of the company's assumption management framework. Assignments will include supporting the continued development of an assumption governance framework, identifying, and promoting best practices for assumption setting, documentation, and implementation, and facilitating and coordinating the setting and review of assumptions. This role will work closely with and collaborate with the Global Modeling team. This high-profile role within the Consolidated Reporting area of Global Valuation involves exposure to the company's global product portfolio and extensive interaction with associates in other departments and offices.

Responsibilities

• Serve as a resource for the continued improvement of the formal assumption governance framework
• Coordinate and contribute to the development, documentation, maintenance, and enhancement of processes, procedures, and controls associated with assumption management
• Develops expertise across all aspects of assumptions and assumption tools and acts as a go-to resource for troubleshooting and answering questions coming from the reporting/analysis teams on assumptions and assumption tools.
• Serves as a liaison with other lines of business and company functions/departments to promote improvement in valuation and financial analysis for assigned business
• Develop and execute project plans to meet department goals
• Participate in department or cross-functional projects as needed and called upon
• Maintain regular and predictable attendance and perform other duties as required

Requirements

• Bachelor's degree in Actuarial Science, Math, Finance, Statistics, or a related field
• FSA accreditation
• 7+ years of actuarial experience in the life insurance industry
• Advanced PC and technical skills, including database applications (Access, Oracle, SQL or equivalent technology), spreadsheets, and pivot tables
• Advanced oral and written communication skills, demonstrating the ability to convey complex ideas in a way that is understandable by all stakeholders
• Advanced interpersonal skills, demonstrating the ability to work effectively with different disciplines, including valuation, risk management, investments, finance, accounting, and information technology
• Advanced investigative, analytical, and problem-solving skills.
• Knowledge of life, health, and annuity products
• Knowledge of GAAP, Statutory and Tax valuation, and financial reporting
• Ability to work well both independently and within a team environment
• Ability to simultaneously contribute to multiple projects and meet agreed deadlines
• Ability to balance detail with department goals and objectives

Preferred:

• Advanced project management skills, demonstrating an ability to leverage various resources and tools to reach a common goal
• Intermediate ability to use data visualization/workflow tools, such as Tableau and Alteryx
• Experience as a Product Owner or with supporting IT development from the business side.
• Knowledge of one or more actuarial modeling systems
• Reinsurance industry and product knowledge
• In depth understanding of US Statutory and Solvency II
• Familiarity with life insurance company financial statements
• Reinsurance industry and product knowledge
• Advanced experience with Prophet
• Reinsurance experience
• Experience with US GAAP long-duration targeted improvements and/or IFRS 17

Company Overview

Reinsurance Group of America, Incorporated (NYSE: RGA) is one of the largest global life and health reinsurance companies. With headquarters in St. Louis, Missouri, RGA supports clients and partners around the world through innovative approaches and customized solutions.
Founded in 1973, RGA celebrated its 50th anniversary in 2023.
• We are the only global reinsurance company to focus primarily on life- and health-related reinsurance solutions.
• Our core products and services include life reinsurance, living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting, and product development.
• RGA ranks #257 on the 2024 Fortune 500 list. The list ranks U.S.-based companies by total revenue.
• RGA has been named to Fortune magazine's 2023 and 2024 lists of the World's Most Admired Companies.
• RGA in Canada has been selected as one of Greater Toronto's Top Employers for 2024
• RGA has approximately $3.5 trillion of life reinsurance in force and assets of $87.4 billion as of September 30, 2023.
RGA aims to evolve RGA workplaces and the communities in which RGA has a presence, into more diverse, equitable and inclusive environments. We will create a culture where individuals are valued, feel a sense of belonging, and are respected for their differences - a workplace where all employees are encouraged and supported to reach their full potential.
Our individual, social, economic, and cultural identities shape and influence our experiences and perspectives. Therefore, to do our best work RGA will ensure diversity in our workforce across the various dimensions of social, interpersonal, and cultural identity - and by practicing inclusivity in how we work with one another. Inclusion in our workplace is a step towards our purpose of making financial protection accessible to all.
Flexible Working Environment
RGA supports hybrid and flexible ways of working and would welcome a discussion on how it can balance what is important to you with business requirements during the recruitment process.
Visit our Annual Review site, https://rgaannualreview.com, to find out more about us.
RGA offers an array of benefits, including flexible plans.
Pay is based on a number of factors, including market, a candidate's skills, and experience commensurate with a role, etc. salary range: $132,430 - $202,455 + bonus