More than anything, RGA employees love their jobs because it's challenging work. We believe smart people work smarter when they're empowered. When they use logic, balanced with creativity and curiosity. At the forefront of RGA's culture is collaboration - a must to be successful within our organization. These are just a few of the attributes we are looking for in an Assistant Actuary, Valuation to join our team.
The Assistant Actuary, Valuation performs valuation/financial reporting and analysis for the EMEA Division of RGA. Contributes to the maintenance and enhancement of the financial forecasting infrastructure and analytic foundation by developing/maintaining actuarial data, assumptions, models and processes used not only for valuation, but also to support unbiased planning, reporting, economic capital refinement, embedded value calculation, capital planning, cash flow testing, and other such uses. Provides general valuation, financial analysis, and project assistance.
- Develops, maintains, and/or reviews actuarial models for assigned blocks of business.
- Performs Statutory, Tax, and GAAP valuation work for assigned blocks of business.
- Develops unbiased financial plans for assigned blocks of business and assists with the communication of financial results in terms of major sources of variance.
- Provides assistance with the enhancement of the Company's projection and planning infrastructure, especially as it pertains to the development of common data repositories.
- Provides support to senior valuation actuaries and assists with special projects.
- Serves as a liaison with other valuation, administration, and accounting associates.
- Participates in the development and enhancement of underlying processes and recommends improvements.
Education and Experience
- Bachelor's degree in Actuarial Science, Math, Finance, Statistics, or a related field
- 3+ years of actuarial experience in the life insurance industry
- Master's degree in Math, Finance, Actuarial Sciences, Statistics or related field
- 1+ years of actuarial experience in life insurance
Skills and Abilities
- Intermediate PC and technical skills, including database applications (Access, Oracle, SQL or equivalent technology), spreadsheets, statistical programs and actuarial software.
- Ability to compile, analyze, refine, and interpret large amounts of financial data/results and model projections
- Competent knowledge and understanding of actuarial concepts
- Ability to be flexible when needed, take initiative, and demonstrate accountability
- Intermediate oral and written communication skills demonstrating ability to share and impart knowledge
- Ability to quickly adapt to new methods, work under tight deadlines and stressful conditions
- Ability to set goals, multitask and prioritize workload
- Intermediate investigative, analytical and problem solving skills
- Ability to work well within a team environment and participate in department/team projects
- Ability to balance detail with departmental goals/objectives
- Intermediate interpersonal skills
- Ability to translate business needs and problems into viable/accepted solutions
- Ability to foster customer service as needed
- Ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines and work well with all levels of management
- General business knowledge
- Competent in actuarial software
- Ability to program in visual basic or equivalent
- Competent understanding of key insurance-related concepts, including life & annuity products, reinsurance contracts, and basic GAAP, Statutory, and tax accounting principles.
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.