The Actuary, Stable Value Solutions position performs pricing, modeling, analysis, and other activities related to stable value transactions in the Global Financial Solutions (GFS) business unit. Works with business development to determine client needs and objectives, understand and analyze client information, and design terms of transactions to meet those needs and objectives. Documents risk exposure in existing and potential stable value transactions, which may include analysis of wrapped portfolios.
- Perform pricing, modeling, and analysis for existing or proposed stable value transactions in a timely manner consistent with applicable standards
- Assess and analyze risk exposure in existing or proposed stable value transactions and prepare documentation of these risks
- Develop and maintain adequate and timely documentation of professional work that complies with relevant Actuarial Standards of Practice (ASOPs)
- Work with business development to determine client needs and objectives, understand and analyze client information, and design terms of transactions to meet those needs and objectives
- Perform peer review on the work of other actuaries
- Design and prepare reports to be used for monitoring and managing the stable value business
- Participate in key unit and ad-hoc department projects as needed
EDUCATION & EXPERIENCE
- Bachelor's degree in math, finance, statistics, actuarial science, computer science, or a related field
- FSA certification (or equivalent) and a minimum 7 years of actuarial experience in life insurance/reinsurance
- Advanced quantitative degree or other equivalent designation is an asset
- Pricing, valuation, or risk management experience with annuity, institutional, and/or retirement products are assets
- Familiarity with fixed income securities is an asset
SKILLS & ABILITIES
- Ability to take ownership in projects and drive them to completion
- Experience with actuarial modeling software
- Superior 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
- Ability to effectively manage client relationships and translate client needs into potential solutions
- 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
- Advanced knowledge of key financial reporting, accounting, and solvency regimes, including U.S. GAAP (particularly FAS 133), U.S. statutory; and U.S risk-based capital would be considered assets
- Advanced knowledge of annuity, institutional, and/or retirement products are assets
- Advanced PC and technical skills, including Microsoft Excel and VBA, database applications, and statistical programs are assets
- Expertise in Moody's AXIS, FIS Prophet, or MG-ALFA would be highly desired
- Understanding of fixed income securities and fixed income portfolio modeling, including experience with investment analytics platforms is an asset
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 celebrates 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 #222 on the 2022 Fortune 500 list. The list ranks U.S.-based companies by total revenue.
- RGA has been named to Fortune magazine's 2023 list of the World's Most Admired Companies.
- RGA has approximately $3.4 trillion of life reinsurance in force and assets of $84.7 billion as of December 31, 2022.
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.
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 .
We support hybrid and flexible ways of working and would welcome a discussion on how we can balance what is important to you with business requirements during the recruitment process.
Visit our 2022 Annual Review site, https://rgaannualreview.com , to find out more about us.
State of Colorado: This information is provided per the Colorado Equal Pay Act. The pay range for this position in Colorado is $129,200 to $197,515 per year. Base pay varies depending on job-related knowledge, skills experience and market location.