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Actuarial Analyst

Position Overview

The incumbent will be responsible for US GAAP (incl LDTI), IFRS 17, and local statutory financial reporting, actuarial support in areas of practice like experience studies, embedded value reporting, and risk management. The department drives various high profile corporate endeavors that will provide the incumbent with board exposure to a "big picture view" of the enterprise, including the opportunity to learn about and contribute to emerging corporate initiatives.

Responsibilities

  • Valuation support on regular US GAAP reporting, and local Statutory reporting (including Singapore RBC, Labuan RBC, Singapore ORSA)
  • Support on entity reporting (e.g. Solvency II)
  • Experience studies support to facilitate the valuation best estimate basis reviews (for IFRS17, USGAAP LDTI, EV, Local Regulatory) and to understand the historical experience of the inforce business
  • Modeling of key business on Prophet platform or via a simplified modeling technique
  • Support on management reporting such that management understand the key financial drivers of the business
  • Support on projections for business planning and analysis
  • Support on economic valuation projects such as EV and PBEC
  • Support on IFRS 17 implementation projects, and then ongoing subsequent reporting on these bases
  • Performs valuation work and ad-hoc department projects as needed and called upon - e.g. process improvement, support to other BAU activities



Requirements

  • University graduate majoring in actuarial science program, making good progress on actuarial exams with a globally recognized actuarial association.
  • Fresh graduate or 1-2 years' working experience in life insurance / reinsurance companies.
  • Computer savvy including actuarial software (e.g. AXIS, Prophet etc.) and a strong knowledge in Excel and VBA.
  • Strong analytical, data management skills, attention to details and ability to manage multiple projects simultaneously.
  • Strong critical thinking and solutions focused with excellent communication skills in English (both written and verbal).
  • A highly motivated and conceptual thinker who is able to collaborate in a team environment or work independently and take an active role in a wide variety of assignments.



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 .

Actuarial Analyst

Kuala Lumpur, Malaysia
Full time

Published on 22/05/2024

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