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Actuary, USLA RIM

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, USLA RIM will provide support for the actuarial work and analysis of client relationships to underpin discussions with a limited number of USMM clients, with a goal to rebalance relationships and improve performance. Such support might include historical analysis of financials/cash flows, understanding experience study results, validating and modifying projection models, assessing potential risks and financial impacts and outcomes for RGA, communicating findings and recommendations in a professional manner and preparing materials that will be shared with internal management and/or clients to inform and enable decision making. This is a highly visible and impactful role for a motivated individual.

Familiarity with applicable American Academy of Actuaries Actuarial Standards of Practice is preferred, or equivalent experience to learn and apply them

Responsibilities

  • Perform ad hoc analyses to increase understanding of block performance characteristics, reviewing and/or developing actuarial assumptions, sensitivity tests, financial models and projections.
  • Propose and/or evaluate potential management actions by performing risk analyses to assess the impact on current and future overall financials and other business considerations.
  • Summarize and communicate findings, results, and contextual information with clear and impactful messaging appropriate to audience and purpose.
  • Maintain appropriate documentation and perform peer reviews as needed.
  • Coordinate the activities of others in the team and/or other departments to ensure appropriate analyses, key deliverables, and related, necessary actions are completed in a timely manner, as determined by project and business needs.
  • Support other risk management activities across the US & Latin America Traditional business unit.
  • Develop and implement solutions for managing the Legacy Retro business.
  • Foster positive relationships, collaborate, and communicate professionally with key stakeholders and business partners, including senior executives.
  • Participate in special projects, committees, meetings, and presentations with internal or external audiences as needed.
  • May provide oversight and direction to junior associates in the department. If assigned, supervisory duties would include, but not be limited to, hiring, training, evaluating, coaching, and disciplining direct reports. Fosters a positive and engaged work environment. Mentors associates, if assigned, and gives guidance on associate development.



Requirements

Education and Experience

Required:

  • Bachelor's degree in Math, Finance, Actuarial Sciences, Economics, Statistics or related field
  • FSA accreditation or equivalent
  • 7+ years of actuarial experience in life insurance/reinsurance


Preferred:

  • MAAA accreditation
  • 10+ years of actuarial experience in life insurance/reinsurance
  • Experience working in cross-functional teams
  • Finance track or emphasis in background
  • In force life insurance or reinsurance block transaction experience


Skills and Abilities

Required:

  • Highly advanced knowledge of life reinsurance products pricing and/or valuation
  • Highly advanced understanding of reinsurance concepts and methods
  • Advanced knowledge of GAAP, Statutory, and Tax accounting and reporting and other forms of financial and risk measurement such as embedded value and capital frameworks
  • Advanced ability to model various insurance products and reinsurance structures.
  • Highly advanced ability to translate business needs and problems into viable/accepted solutions
  • Advanced investigative, analytical and problem solving skills.
  • Consistently produce high-quality work and associated documentation with strong attention to detail.
  • Advanced PC and technical skills, including database applications (Alteryx, Tableau, Access, Oracle, SQL or equivalent technology), spreadsheets, statistical programs and actuarial software (Prophet, MoSes, TAS, AXIS, or equivalent).
  • Ability to adapt new methods, multi-task, meet tight deadlines, and balance priorities
  • Advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received by all stakeholders, including customers and associates.
  • Highly advanced interpersonal skills, demonstrating the ability to work effectively with different disciplines, including pricing, finance, accounting, systems, and administration.
  • Ability to work independently and to work well within a team environment and participate in department projects.
  • Competent project management skills. Demonstrates an ability to evaluate project
    objectives and scope for feasibility and understanding.
  • Ability to proactively anticipate project needs and independently work to fulfill them.


Preferred:

  • In depth knowledge of RGA's USMM business and systems.
  • Advanced US reinsurance industry and direct life product knowledge.



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.

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Actuary, USLA RIM

Chesterfield, United States
Full time

Published on 08/04/2022

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