Skip to main content

Actuary, Corporate Development Pricing

Position Overview

More than anything, RGA employees love their jobs because they provide challenging work opportunities and experiences. We believe smart people work smarter when they're empowered. When they use logic, balanced with creativity and curiosity. At the forefront of RGA's culture is collaboration - a must to be successful within our organization. These are just a few of the attributes we are looking for in an Actuary, Corporate Development Pricing to join our team.

The Actuary - Corporate Development will perform pricing, modeling, risk analysis, structuring, and other activities with an emphasis on legal-entity acquisition and in-force block opportunities in the Corporate Development business unit. The focus of the role is the collaborative pricing of transactions and structuring of these and other identified opportunities within multifunctional transaction teams. The position will also assist other transaction leads in the completion of due diligence, transition execution, deal approval, and other functions necessary for the completion of transactions.

Responsibilities

  • Support legal-entity acquisition and in-force block reinsurance activities across all RGA markets, including assisting business development in assessing new opportunities and sharing pricing expertise.
  • Support reinsurance pricing activities that enable and execute on RGA's third party capital initiatives.
  • Provide technical expertise to ensure an effective, efficient, and consistent pricing process for all opportunities worked on despite diverse transaction specific elements.
  • Assist in due diligence activities, primarily in pricing, product analysis, and structuring capacities, in order to properly assess opportunities.
  • Assist with the development of comprehensive pricing and transaction summaries which incorporate all pricing and risk related aspects of transactions worked on.
  • Assist with the review of, and provide feedback on, the pricing work-including data, assumptions, modeling, sensitivity testing, and documentation-of other actuaries as appropriate and as needed, and specifically on projects in the relevant area of responsibility.
  • Assist with creating and maintaining documentation of Corporate Development pricing methodology, parameters, and procedures as they relate to legal-entity acquisition and/or in-force block reinsurance transactions.
  • Recommend, implement, and document enhancements to the pricing process.
  • Ensure that work products comply with relevant ASOPs.



Requirements

Education and Experience

Required:

  • Bachelor's degree in Math, Finance, Statistics, Actuarial Science, Computer Science or related field
  • FSA/FCIA or other actuarial qualification meeting the educational requirements for mutual recognition as a Fellow by the Society of Actuaries
  • 7+ years of actuarial experience in Life Insurance/Reinsurance


Preferred:

  • Advanced quantitative degree or designation
  • Reinsurance industry experience
  • Merger and acquisition experience
  • Product design / pricing experience OR ALM / risk management experience (requirements vary with job level)
  • Financial reinsurance, asset-intensive, or longevity pricing experience


Skills and Abilities

Required:

  • Demonstrated knowledge of life insurance, health insurance and/or annuity products
  • Proven ability to take ownership of assigned tasks in projects and drive them to completion
  • Proficient experience with actuarial modeling software
  • Advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received
  • Demonstrated investigative, analytical and problem-solving skills
  • Ability to balance detail with task goals/objectives
  • Ability to translate business and/or transactional needs and problems into viable solutions
  • Proven ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines
    Preferred:
  • Advanced knowledge of key financial reporting, accounting, and solvency regimes, including (but not limited to): US GAAP, US Statutory, and US tax; IFRS; MCEV / EV / EEV; Canadian Solvency, Bermuda Solvency and Solvency II.
  • Advanced ability to model various insurance products and reinsurance structures.
  • Advanced knowledge of life insurance, health insurance, longevity, and/or annuity products
  • Advanced PC and technical skills including (but not limited to): spreadsheets (VBA), database applications (Access, Oracle, SQL or equivalent technology), statistical programs, and one or more computing languages (ex: C/C++)
  • Expertise in AXIS highly preferred; expertise in ALFA, Prophet or MoSes desirable
  • Ability to challenge and enhance our analytical capabilities
  • Understanding of asset modeling and ALM techniques, including derivatives, and capital markets approaches



Company Overview

Reinsurance Group of America, Incorporated (NYSE: RGA) is one of the largest global providers of life reinsurance, with offices around the world. RGA delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, financial solutions, facultative underwriting and product development. Our mission is to enhance our clients' prosperity by supporting their financial and risk management capabilities.

State of Colorado: This information is provided per the Colorado Equal Pay Act. The pay range for this position in Colorado is $125,435 to $191,760 per year. Base pay varies depending on job-related knowledge, skills, experience and market location. In addition, RGA compensation includes an annual bonus plan that includes all roles and maintains a full range of competitive health and life insurance, retirement and other employee benefits.

#LI-TS1

Actuary, Corporate Development Pricing

Chesterfield, United States
Full time

Published on 16/06/2022

Share this job now