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Assistant Actuary, Global Modeling Team

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, Global Modeling Team is a strong contributor within a high performing group focused on model development and maintenance for a wide range of US and International products underlying RGA's traditional and non-traditional reinsurance treaties. Traditional products include Life insurance, Term insurance and Universal Life Insurance. Non-traditional products include Variable and Fixed annuities, Fixed Index Annuities, SPIAs, and Longevity Swaps.

The focus of this role is in supporting the quality, usefulness and reliability of valuation models as they move through their lifecycle. This role may consist of model lifecycle planning, model development, model and platform change support and model governance activities. Models are designed to meet varied uses including US GAAP and Statutory reserves, Tax, Solvency II, ORSA, Cash Flow Testing, Economic Capital, and Embedded Value.

Responsibilities

  • Participates in development, maintenance, and/or reviews of actuarial models as they relate to product features, regulations, and reporting in Prophet and other applications
  • Contributes to model governance and central model team activities such as steward reviews, model change support, model lifecycle planning and model user assistance and training
  • Assists with and adheres to standard model governance and documentation frameworks
  • Performs troubleshooting and answers questions coming from the reporting/analysis teams on model characteristics and behavior
  • Serves as a liaison with valuation units, IT teams, model operations teams and other teams as needed to ensure continued model reliability and effectiveness
  • Performs other duties as required



Requirements

  • Participates in development, maintenance, and/or reviews of actuarial models as they relate to product features, regulations, and reporting in Prophet and other applications
  • Contributes to model governance and central model team activities such as steward reviews, model change support, model lifecycle planning and model user assistance and training
  • Assists with and adheres to standard model governance and documentation frameworks
  • Performs troubleshooting and answers questions coming from the reporting/analysis teams on model characteristics and behavior
  • Serves as a liaison with valuation units, IT teams, model operations teams and other teams as needed to ensure continued model reliability and effectiveness



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 $80,380 to $121,345 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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Assistant Actuary, Global Modeling Team

Chesterfield, United States
Full time

Published on 27/08/2022

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