Senior Valuation Analyst

Position Overview

The Senior Actuarial Analyst will perform valuation/financial reporting and analysis of Korea business' financial result. The role will also contribute to the maintenance and enhancement of the financial forecasting system and analytic foundation by developing/maintaining actuarial models and processes used not only for regular reporting, but also to support unbiased business planning, economic capital refinement, capital planning, cash flow testing, and other such uses. The Senior Actuarial Analyst will provide general valuation, financial analysis, and project assistance. This position may be also involved in IFRS 17 and K-ICS related valuation.

Responsibilities

• Produce and analyze US GAAP reporting including with providing guidance to junior member and lead the overall working process.
• Produce and analyze other Corporate initiatives such as embedded value, principle-based Economic capital and ORSA.
• Perform Annual business planning: projection and estimation of future cashflow and analysis of key profit indicators.
• Cooperate with other team members related to IFRS17, LDTI and K-ICS.
• Develop and maintain cashflow projection model for new and existing treaties.
• Perform experience studies for assumption review and implement basis changes required.
• Coordinates and summarizes financial information for internal and external users.
• Assists any other requirements with regard to local financial/regulatory reporting and management reporting.
• Recommends and participates in the development and enhancement of underlying processes.
• Performs other duties as required.

Requirements

• At least Bachelor's degree in Math, Actuarial Sciences, Statistics
• At least 7 years' experience of actuarial valuation in life insurance companies or capable of catching up quickly.
• Actuarial software experience (prophet is preferred)
• Experience in US-GAAP reporting is preferrable.
• Good understanding of Korea life insurance products and reinsurance treaties.
• Good understanding and knowledge of IFRS17 and K-ICS.
• Strong oral and written communication skills in both Korean and English.
• Strong PC and technical skills including database applications (Access, Oracle, SQL, VBA).
• Qualification in SOA is preferred and a member of FIAK is a plus.

Company Overview

Reinsurance Group of America, Incorporated (NYSE: RGA), a Fortune 500 company, is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. With headquarters in St. Louis, Missouri, and operations around the world, RGA delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, facultative underwriting, product development, and financial solutions.

RGA has been named to Fortune magazine's 2024 list of the World's Most Admired Companies, an acknowledgement that reflects our legacy of innovation, dedicated client focus, community responsibility, commitment to diversity, and long-term value creation. RGA has approximately $3.7 trillion of life reinsurance in force as of December 31, 2023. To learn more about RGA and its businesses, visit www.rgare.com .

RGA's Commitment to Diversity, Equity, and Inclusion

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 .

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