Assistant Actuary

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 Assistant Actuary, performs tech lead duties of the department and supports senior actuaries by developing/maintaining models, tools and reports used for actuarial, ERM and other risk related duties. Runs desktop applications, data analytics, and commercial actuarial software. Interacts with other RGA risk functions to provide technical support, analysis, and risk reporting where needed. Maintains an eye to learning more about the role that the risk function plays at RGA with a view to taking on more non-technical projects over time.

Responsibilities

• Supports the USLA (US and Latin America) risk reporting process by mastering risk and actuarial software models and tools used for reporting and information gathering.
• Modifies and maintains actuarial models and data analytics used to support risk analysis, planning, quarterly reporting, and other actuarial related duties.
• Implements verbal and written instructions regarding modifications to existing actuarial models and tools including assumption updates. Reviews model output for reasonability.
• Produces reports that support the enterprise risk management process in a data science framework including integrating information from various sources, such as:
  a. ERM dashboard report
  b. Risk metrics reports.
• Provides support to senior actuaries and assists with special projects.
  Summarize and communicate findings, results, and contextual information with clear and understandable messaging appropriate to audience and purpose.
• Document work appropriately so that others could perform the work if needed.
• Perform technical reviews as assigned.

Requirements

Education and Experience

Required:

• Bachelor's degree in Math, Finance, Actuarial Sciences, Statistics or related field
• ASA accreditation
• 3+ years of actuarial experience in life insurance/reinsurance
• Continuing to write actuarial exams with a view to completing Fellowship

Preferred:

• MAAA accreditation
• 5+ years of actuarial experience in life insurance/reinsurance and/or 3+ years actuarial experience in valuation and/or financial reporting, capital models and/or risk management
• Experience with pricing, product designs, features, terminology, and valuation

Skills and Abilities

Required:

• Advanced PC and technical skills, including database applications (Alteryx, Tableau, Snowflake, Access, Oracle, SQL or equivalent technology), spreadsheets, statistical programs and actuarial software.
• Must be flexible and adaptable to change.
• Self-starter with strong motivation to complete data science assignments.
• Takes initiative and is accountable.
• Ability to multi-task and meet tight deadlines.
• Ability to balance detail with departmental goals/objectives.
• Advanced oral and written communication skills.
• Strong analytical and problem-solving skills.
• Confidence in taking verbal instructions and translating it into programmable outcomes.
• Ability to compile, analyze, refine, and interpret large amounts of financial data/results and model projections.
• Competent knowledge and understanding of actuarial concepts.
• Experience with life, health, and/or annuity products.
• Ability to work independently and to work well within a team environment and participate in department projects.

Preferred:

• Experience with Prophet, and/or AXIS (or equivalent actuarial software).
• Ability to program in visual basic or equivalent.
• Advanced understanding of key insurance-related concepts, including life & annuity products, reinsurance contracts, economic capital, and basic GAAP, Statutory, and tax accounting principles.

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 $72,340 to $124,985 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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