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Sr. Actuarial Analyst, Life

Position Overview

The Sr. Actuarial Analyst, Life performs pricing, modeling, risk analysis, structuring, and other actuarial activities. Works with other team members as needed to determine client needs and objectives, understand and analyze client information, and design terms and structures of transactions to meet those needs and objectives. Documents risk exposure in potential transactions. Assists other team members as needed by building proof-of-concept models for new opportunities or new reinsurance resolutions for our clients. Assists other team members as needed with actuarial support in the development of new markets, structures, and product lines.

Responsibilities

  • Performs pricing, modeling, risk analysis, and structuring activities on new or proposed transactions, or amendments to existing transactions, for the assigned business unit in a timely manner consistent with applicable standards.
  • Produces quotes and reprices accurately within deadlines and to the necessary standards, including pricing and treaty wording. Decision making involves procedural actions on occasions where new circumstances arise, but must stay within guidelines provided.
  • Assesses and analyzes risk exposure in potential transactions and prepare documentation of these risks in detailed risk analysis reports.
  • Develops and maintains adequate and timely documentation of personal work that complies with relevant ASOPs.
  • Develop a good understanding of each client and its mode of pricing, responds to client and internal requests with accuracy and timeliness. Visit clients as appropriate and market specific services and handle business issues as they arise.
  • Performs technical review (and may performs peer review) on the work of other actuaries.
  • Updates documentation of business unit pricing methodology, parameters, and procedures. Recommend, implement, and document enhancements to the pricing process.
  • Reporting to the Chief Actuary Life, Latin America. Work closely with other members of the pricing team as well as provide technical support to Business Developers.
  • Works with other team members to determine client needs and objectives, understand and analyze client information, and design terms and structures of transactions to meet those needs and objectives.
  • Assists other team members by building proof-of-concept models for new opportunities or new reinsurance solutions for our clients.
  • Sets realistic and achievable deadlines for modeling, risk analysis, and other business initiatives. Completes required tasks accurately within those deadlines. Drive the design of reinsurance transactions and lead discussions on risk issues with internal and external clients.
  • Assists risk management personnel with monitoring experience of in-force treaties
  • Participates in key unit and ad-hoc department projects as needed.



Requirements

Education and Experience

Required:

  • Bachelor's degree in Math, Economics, Actuarial Science, Statistics, or related field.
  • 3+ years of experience in technical areas from Life Insurance / Reinsurance sector.
  • 3+ years of experience in a business environment working with data analysis or statistical modeling.
  • Advanced English Skills (Oral, Reading, and Writing).


Preferred:

  • Progress toward SOA and/or CONAC Actuarial Exams.
  • Experience with R, SAS, VBA, Oracle or SQL programming.
  • Experience with actuarial pricing software.


Skills and Abilities

Required

  • Ability to compile, analyze, refine, and interpret large amounts of financial data/results and model projections.
  • Basic comprehension of actuarial and accounting concepts.
  • Advanced Word, Excel and database application (SQL, Access Oracle) skills
  • Advanced PC and programming languages (e.g., VBA) skills.
  • Familiarity with statistical analysis tools (R and/or SAS).
  • Advanced oral and written communication skills.
  • Advanced interpersonal skills, demonstrating the ability to work effectively with different disciplines, including pricing, finance, accounting, systems, and administration.
  • Complex investigative, analytical and problem solving skills.
  • Advanced organizational skills with a detail-oriented ability to document, track and follow up on items.
  • Ability to handle multiple tasks and projects simultaneously, balancing priorities and deliverables while meeting tight deadlines.
  • Ability to construct and recommend changes to processes and procedures.
  • Ability to work independently and to work well within a team environment and participate in department projects.
  • Demonstrates initiative and accountability.
  • Flexible and adaptive to change.
  • Ability to foster customer service as needed.
  • Regular concentration, requiring attention to errors of detail.
  • Work can be done within same or on occasion different time zones, which may require some extended work hours.
  • Some travel requiring absences from home for approximate periods up to 30 days annually.


Preferred:

  • Highly advanced Life and technical skills, particularly in database applications (Access, FoxPro 9, Oracle, SQL, or equivalent) and programming such as visual basic macros.
  • Knowledge of pricing life products.
  • Knowledge of US GAAP insurance accounting standards.
  • Knowledge of US statutory "blue book" and valuation requirements



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.

We believe smart people work smarter when they are empowered - when they use logic, but embrace creative problem solving; when their curiosity is encouraged to further innovation; and when they are recognized for seeking out the unknown. It is with this philosophy that RGA engages our workforce to realize that true change happens when smart people collaborate for the good of a company, the industry, and the world. Working for RGA - it's the logical choice.

#LI-OJ1

Sr. Actuarial Analyst, Life

Mexiko-Stadt, Mexico
Full time

Published on 01/09/2022

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