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 Executive Director and Actuary, Risk - GFS to join our team.
The Executive Director & Actuary, GFS - International Asset Intensive Inforce & Risk Management will manage and direct day to day departmental and risk management activities which may include reviewing, developing, and communicating financial analyses, experience studies, preparing financial projections and other departmental reports related to existing reinsurance transactions. Provide training and review for subordinates as necessary and appropriate.
- Lead team in validating models, analyzing financial sensitivities to key risks, and providing appropriate risk reports, assessments, and other communications to the management teams and relevant corporate partners.
- Lead activities for monitoring experience on inforce transactions with special attention given to ensuring that all key risks for deals are appropriately understood. Oversee the development of inforce projections and assessment of financial results.
- Leads segment level performance reviews around the general account Asset Intensive products in the APAC & EMEA regions. This involves quantifying exposures at the treaty level and aggregating at the segment level.
- Responsible for asset-liability management, with primary focus on the APAC & EMEA regions of the Asset Intensive line of business, through co-leadership of the GFS investment mandate committee. Recommends changes in risk profiles or altering cash flows to provide stabilized earnings for the segment.
- Leads team in detailed reviews of individual existing treaties and evaluates risks in new Asset Intensive treaties in the APAC & EMEA regions. Collaborates with Longevity IRM team on new Asset Transfer Longevity treaties in the EMEA region.
- Perform supervisory duties including, but not limited to; hiring, training, evaluating, coaching, and disciplining of direct reports. Foster a positive and engaged work environment. Mentor associates and give guidance on associate development.
- Fosters positive relationships with key stakeholders (i.e., GFS senior management, corporate partners, pricing units).
- Participates in key unit and ad-hoc department projects as needed.
Education and Experience
- Bachelor's degree in Math, Finance, Actuarial Science, Statistics or related field
- FSA accreditation
- 7+ years of actuarial experience in life insurance
- 5+ years project lead, supervisory, or management experience
- MAAA accreditation
- CFA/CERA or other asset risk-based credentials
- 3+ years of actuarial experience in life insurance/life annuity reinsurance
Skills and Abilities
- Advanced PC and technical skills, including spreadsheets and actuarial software.
- Highly advanced people management skills, demonstrating the ability to lead, mentor, and develop associates; including the ability to delegate key areas of responsibility.
- Highly advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received
- Highly advanced investigative, analytical and problem-solving skills
- Expert ability to balance detail with departmental goals/objectives
- Advanced skills in customer relationship management and change management
- Highly advanced ability to translate business needs and problems into viable/accepted solutions
- Highly advanced ability to manage multiple projects and/or teams simultaneously
- Highly advanced ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines
- Highly advanced persuasion and negotiation skills when working with internal/external customers
- Expert knowledge of life, health, and/or annuity products.
- Expertise in Prophet, AXIS, or other actuarial software.
- Knowledge of asset modeling techniques and financial instruments commonly used for insurance portfolios.
- Knowledge of basic principles of economic-based financial reporting frameworks, such as Economic Capital, Embedded Value, and RAROC.
- Knowledge of database applications.
• Knowledge of life insurance reporting standards, including statutory, tax, and GAAP reporting.
• Reinsurance industry and product knowledge.
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 $129,200 to $197,515 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.