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Actuary & Executive Director

Position Overview

RGA's culture stresses high performance and collaboration, and the company hires the smartest people in the industry. And, the smart people they hire are not just number crunchers. RGA values 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.

The Actuary & Executive Director role will afford the opportunity to learn (or improve) Prophet modeling skills while working with an industry expert on PBR. The incumbent will be expected to raise questions and find solutions to business problems, perform sensitivity testing to support assumption and margin development, perform required VM-20 analyses, and work closely with other modelers to improve and update the models to handle newly assumed products or features. The team works in a highly collaborative manner, whether in-office or remote. Work-life balance is important, and creative solutions are encouraged in order to achieve that goal.

Responsibilities

  • Lead PBR monthly reporting, projection and validation, providing appropriate financial impact analysis, reports, and other communications to the management teams and relevant departments.
  • Lead changes to PBR model for improvements, assumption updates, and regulatory changes.
  • Lead activities for new business and in force transaction implementation with special attention given to ensuring that key assumptions for deals have been appropriately implemented. May oversee the development of in force projections and assessment of financial results.
  • Oversee governance and control activities related to PBR assumptions, methods and modeling techniques , including documentation, approval process, and internal and external reviews.
  • May perform supervisory duties including, but not limited to; hiring, training, evaluating, coaching, and disciplining of direct reports. Foster a positive and engaged work environment. Mentor associates and give guidance on associate development.
  • Fosters positive relationships with key stakeholders such as Global Valuation, US Individual Life, and Risk Management.
  • Participates in key unit and ad-hoc department projects as needed.



Requirements

Education and Experience

Required:

• Bachelor's degree in Math, Finance, Actuarial Sciences, Statistics or related field

• FSA accreditation

  • 7+ years of actuarial experience in life insurance
  • 5+ years project lead, supervisory, or management experience


Skills and Abilities


Required:

  • Advanced PC and technical skills, including actuarial software, spreadsheets and SQL
  • Highly advanced people management skills, demonstrating the ability to lead, mentor, and develop associates; including the ability to delegate key areas of responsibility
  • Highly advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received
  • Highly advanced investigative, analytical and problem solving skills
  • Expert ability to balance detail with departmental goals/objectives
  • Advanced skills in change management
  • Highly advanced ability to translate business needs and problems into viable/accepted solutions
  • Highly advanced ability to manage multiple projects and/or teams simultaneously
  • Highly advanced ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines
  • Highly advanced persuasion and negotiation skills when working with internal/external customers
  • Expert knowledge of life, health, and/or annuity products



Company Overview

Discover Reinsurance - https://www.rgare.com/our-company/about-rga
Our history, purpose, partnership, reinsurance, RGA Central (client portal), industry recognition, and risk assessment.

Discover Your Purpose - https://www.rgare.com/careers/careers-overview
Join a community of people driven by the same purpose: to make financial protection accessible to all. What we do, work life worldwide, culture and purpose, diversity, equity and inclusion, career development, benefits, and balance, and becoming a candidate.

Discover RGA - https://www.rgare.com/
Reinsurance Group of America - Making financial protection accessible to all, solutions for every situation, RGA Knowledge Center, global insight locally delivered, our responsibility at RGA, newsroom, and policy and governance.

The general pay range for this position is $132,430-$202,455per year. Base pay varies depending on job-related knowledge, skills, experience, and market location. In addition, RGA provides an annual bonus plan that includes all roles, and some positions are eligible for participation in our long-term equity incentive plan. RGA maintains a full range of health, retirement, and other employee benefits.

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Actuary & Executive Director

Chesterfield, United States
Full time

Published on 08/06/2024

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