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Assistant Actuary, Corporate Modeling

Position Overview

RGA's culture stresses high performance and collaboration. We hire the smartest people in the industry and believe smart people work smarter when they're empowered to use logic balanced with 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. But more than anything, RGA employees love their jobs because it's challenging and rewarding work. These are just a few of the attributes we are looking for in the Corporate Modeling department.

The Assistant Actuary will support embedded value, economic capital, own risk and solvency assessment, and earnings at risk initiatives. The individual in this role will primarily contribute to Principles-Based Economic Capital reporting, along with supporting the development, maintenance, and use of enhanced actuarial projection capabilities. The Assistant Actuary will support validation and analysis of Principles-Based Initiative projections and provide user support for all Corporate Modeling initiatives and the tools that support them. This role involves extensive interaction with other RGA departments and offices to ensure that work products are accurate, reliable, and completed in a timely fashion.


Principal duties and responsibilities include:

  • Contribute to the production of Principles-Based Economic Capital reporting
  • Support enhancements for the Company's projection and planning infrastructure through model development and collaboration with Information Technology
  • Assist in the development of model calculations, data flows, process automation, and other technical aspects
  • Support model runs and ensuring results are reliable, resolve any issues
  • Work to ensure that all lines of business and company risks have been modeled in a reasonable, accurate, and repeatable manner
  • Develop and execute project plans to meet department goals
  • Maintain regular and predictable attendance and perform other duties as required


Education and Experience


  • Bachelor's degree in Math, Finance, Statistics, Actuarial Science, or a related field
  • ASA accreditation
  • 3+ years of actuarial experience in the life insurance industry


  • Reinsurance experience
  • Experience in actuarial modeling
  • Experience in financial planning, embedded value reporting and/or economic capital determination

Skills and Abilities


  • Advanced PC and technical skills, including computer programming, database applications (Access, Oracle, SQL or equivalent technology) and spreadsheets
  • Ability to compile, analyze, refine, and interpret large amounts of financial data/results and model projections
  • Advanced oral and written communication skills, demonstrating the ability to convey complex ideas in a way that is understandable by all stakeholders
  • Advanced interpersonal skills, demonstrating the ability to work effectively with different disciplines, including valuation, risk management, investments, finance, accounting, and systems
  • Advanced investigative, analytical and problem solving skills
  • Knowledge of life, health, and annuity products
  • Knowledge of GAAP, Statutory and Tax valuation and financial reporting
  • Knowledge of one or more actuarial modeling systems
  • Ability to work well both independently and within a team environment
  • Ability to simultaneously contribute to multiple projects and meet tight deadlines
  • Ability to balance detail with department goals and objectives


  • Advanced project management skills, demonstrating an ability to leverage various resources and tools to reach a common goal
  • Prior experience with and ability to program in Prophet, VBA, and SQL
  • Reinsurance industry and product knowledge
  • In depth understanding of economic capital and embedded value methodologies
  • Familiarity with life insurance company financial statements

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 $82,790 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.


Assistant Actuary, Corporate Modeling

Chesterfield, United States
Full time

Published on 18/05/2023

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