The Sr. Actuarial Assistant assists in performing actuarial pricing/modeling, performs monthly reporting and analysis duties and supports senior actuary by developing/maintaining actuarial models used to analyze client performance, new business opportunities, corporate initiatives, and other related analysis. Provides expertise with respect to desktop applications. Interacts with other RGA departments and offices to ensure that department work products are portrayed correctly, understood, and completed in a timely fashion.
- Supports pricing, assumption development and actuarial analysis for existing clients and new business opportunities
- Performs routine monthly reporting and analysis, including validating and analyzing data submitted by business partners, derivation, and maintenance of IBNR completion factors
- Provides expertise with respect to desktop applications, databases, homegrown and commercial actuarial and underwriting analysis tools, and software.
- Provides support to senior actuary and assists with special projects.
- Participates in the development and enhancement of underlying processes and recommends improvements.
Education and Experience
- Bachelor's degree in Math, Finance Statistics, Actuarial Science, or related field
- Five Exams of the following: P, FM, IFM, LTAM, STAM, SRM and PA
- 2+ years actuarial experience in healthcare insurance, healthcare consulting or healthcare reinsurance
- Exams P, FM, IFM, LTAM, STAM, SRM, and PA passed, and all VEE requirements met
- Healthcare pricing experience
Skills and Abilities
- Advanced PC and technical skills, including database application skills (Access, SQL/Query, DB2 or equivalent technology), spreadsheets (ability to program in visual basic or equivalent) and statistical programs
- Must be flexible and adaptive to change
- 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
- Complex analytical and problem-solving skills
- Ability to compile, analyze, refine, and interpret large amounts of financial data/results and model projections.
- Competent knowledge and understanding of healthcare actuarial concepts including IBNR completion factor development
- Ability to work independently and to work well within a team environment and participate in department projects.
- Competent understanding of key healthcare insurance products including commercial and employer-based products (HMOs, Indemnity, PPOs, HDHP, HSAs, Rx and Dental) and Medicare products (including Medicare Advantage and Medicare Supplemental coverage)
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 80,000-110,000 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.