Vice President & Actuary, Asset Intensive Strategic Capabilities

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 Vice President & Actuary, Asset Intensive Strategic Capabilities is responsible for leading strategic initiatives to add value to RGA's global Asset Intensive (AI) business. Drive enhancements to the team's ability to model and manage the business. Promotes proactive risk management practices with the intent of improving financial results or enhancing the risk profile of Asset Intensive business, including but not limited to: developing hedging programs, improving analytical capabilities, and enhancing management of currency and interest rate exposure.

Responsibilities

• Collaborates with regional leads of Asset Intensive Inforce and Risk Management (IRM) teams to identify opportunities to add value to inforce business.
• Drive improvements to asset liability management, with primary focus on the global Asset Intensive line of business, through enhancement of modeling capabilities. Collaborate with GFS Pricing, Non-Trad Valuation, and Global Risk on strategic model and assumption enhancements.
• Drive improvements to Asset Intensive inforce management by identifying and directing strategic initiatives, with the intent to add value to inforce business.
• Develops and recommends return-enhancing and/or risk-mitigating strategies in a partnership with regional AI IRM leads, GFS Pricing, Investments, and other key partners.
• Leads AI IRM team in support of enterprise strategic initiatives, including Third Party Capital strategy.
• Collaborate with regional IRM leads and Investments to improve hedging capabilities.
• Collaborate with Global Risk and other corporate partners to ensure GFS' contribution to the enterprise risk profile, including interest rate and currency exposure, is well-understood.
• Performs management duties including, but not limited to: hiring, training, evaluating, coaching, and developing direct reports. Fosters a positive and engaging work environment. Mentors associates and gives guidance on associate development.
• Works to ensure that the risks for all assigned deals have been modeled in a reasonable, accurate, and repeatable manner.
• Fosters positive relationships with key stakeholders (marketing partners, clients, corporate departments).

Requirements

Education and Experience

Required:

• Bachelor's degree in Math, Finance, Actuarial Science, Statistics or related field
• 10+ years of experience in life insurance and/or reinsurance, 5+ in general account ALM experience
• 5-7+ years of supervisory experience
• Professional accreditation as appropriate for background (ex.: FSA/ASA, CFA, CERA, PRM)

Skills and Abilities

Required:

• Strong written and verbal communication skills. Ability to translate technical subjects into business explanations with multiple alternative action steps.
• Proactive Risk Management mind set.
• Demonstrated experience with derivative usage and other risk mitigation strategies.
• Robust project management skills applied at the department, function, business segment, and company-wide levels.
• Ability to multi-task and meet tight deadlines.
• Demonstrates ability to understand business strategy and execute functional tactics leading to business accomplishments.
• Sound understanding of capital market principles including yield curve generation, valuation of interest rate derivative instruments, and modeling techniques applying capital markets theories.
• Expert knowledge of life, annuity products and ability to model various insurance products and reinsurance structures.
• Highly advanced people management skills, demonstrating an ability to lead, mentor and develop associates.
• Exceptional ability to liaise with individuals across a wide variety of operational, functional and technical disciplines. As well as across business segments and time zones.
• Ability to work independently and to work well within a team environment and to participate as a leader in department projects.
• Advanced PC and technical skills, including spreadsheets and actuarial software.
• Advanced ability to balance detail with departmental goals/objectives.

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 $153,730 to $234,465 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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