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VP & Actuary, Pricing - GFS

Position Overview

The Vice President & Actuary, Pricing - GFS will lead, direct and manage the pricing, modeling, analysis, structuring, and other activities related to specific new business development opportunities for the Global Financial Solutions business unit. Lead or partner with the marketing staff to determine client needs and objectives, understand and analyze client information, and design terms and structures of transactions to meet those needs and objectives. Leads in partnering with business development associates by building proof-of-concept models for new opportunities or new reinsurance resolutions for our clients. Lead in updating documentation of Global Financial Solutions pricing methodology, parameters, and procedures.

Responsibilities

  • Ensure that work products comply with relevant ASOPs.
  • Work with the marketing staff to determine client needs and objectives, understand and analyze client information, and design terms and structures of transactions to meet those needs and objectives. Lead others in doing the same.
  • May lead or assist business development associates by building proof-of-concept models for new opportunities or new reinsurance solutions for our clients. Lead others in doing the same.
  • May perform, largely independently, pricing, modeling, analysis, and structuring activities on new or proposed transactions, or amendments to existing transactions, for the Global Financial Solutions business unit in a timely manner consistent with applicable standards.
  • May assess and analyze risk exposure in potential transactions, develop solutions or mitigation techniques for the same, and prepare documentation of these risks in detailed pricing analysis reports.
  • Mentor, train and develop staff to assume increasing levels of responsibility. May manage staff.
  • Set realistic and achievable deadlines for modeling, analysis, and other new business development activities. May manage others in completing required tasks accurately within those deadlines. Drive the design of reinsurance transactions and lead discussions on risk issues with internal and external clients. Provide updates on ongoing progress to supervisor, other Global Financial Solutions personnel, and senior management.
  • Supervise, review, and provide feedback on, in a timely manner, the work-including data, assumptions, modeling, sensitivity testing, and documentation-of other actuaries as appropriate and as needed, and specifically on projects in the relevant area of responsibility.
  • Take an active role in contributing to operational planning, strategic planning, new initiatives, and deal planning meetings.
  • Assist with marketing efforts by writing articles for publication, presenting at industry meetings, participating in industry or professional committees, and/or developing marketing initiatives.
  • Support the marketing department on trips and client meetings as needed. Support the marketing department with client development and contact activities. Assist with retrocession support.
  • May lead or perform peer review on the work of others, perform final consistency checks, and otherwise ensure pricing integrity.
  • Lead in updating documentation of Global Financial Solutions pricing methodology, parameters, and procedures. Recommend, implement, and document enhancements to the pricing process.
  • Assist risk management personnel with monitoring experience of in-force treaties
  • Participate in key unit and ad-hoc department projects as needed.



Requirements

Education and Experience

Required:

  • Bachelor's degree in Math, Finance, Statistics, Actuarial Science, Computer Science or related field
  • FSA Certification
  • 10+ years of actuarial experience in life insurance/reinsurance


Preferred:

  • MAAA/FCIA or other local actuarial organization accreditation
  • Advanced quantitative degree or designation
  • Reinsurance industry experience
  • Product design / pricing experience AND/OR asset-liability management (ALM) experience
  • Financial reinsurance, asset-intensive, or longevity pricing experience


Skills and Abilities

Required:

  • Advanced knowledge of life insurance, health insurance, longevity, and/or annuity products
  • Experience with actuarial modeling software
  • Demonstrated ability to take ownership in projects and drive them to completion
  • Advanced ability to implement change within an organization, ensuring understanding, participation, and ownership.
  • Highly advanced oral and written communication skills including presentation skills, demonstrating the ability to convey information in a way that is meaningful and well received by stakeholders and team members.
  • Highly advanced ability to adapt new methods; work under tight deadlines and stressful conditions.
  • Highly advanced skills in managing multiple projects and/or sub-teams simultaneously
  • Highly advanced ability to make timely and effective decisions and produce results through strategic planning and the implementation and evaluation of programs and policies.
  • Highly advanced ability to implement organizational, divisional and/or departmental vision and goals that result in achievement and success through exceptional leadership skills, collaboration, creative thinking, maintaining focus, and persistence, even under adversity, while maintaining the confidence of associates and customers.
  • Expert ability to work well within and lead a team.
  • Expert ability to foster a teamwork and customer service focused environment.
  • Expert ability to liaise with individuals across a wide variety of operational, functional and technical disciplines
  • Expert persuasion and negotiation skills when working with internal/external customers to resolve issues/problems


Preferred:

  • Advanced knowledge of key financial reporting, accounting, and solvency regimes, including (but not limited to): US GAAP (including FAS 97, FAS 91, FAS 133, FAS 157, and SOP 03-1), US Statutory, and US tax; IFRS; MCEV / EV / EEV; and Solvency II.
  • Advanced ability to model various insurance products and reinsurance structures.
  • Advanced knowledge of life insurance, health insurance, longevity, and/or annuity products
  • Advanced PC and technical skills including (but not limited to): spreadsheets (VBA), database applications (Access, Oracle, SQL or equivalent technology), statistical programs, and one or more computing languages
  • Expertise in AXIS
  • Ability to challenge and enhance our analytical capabilities
  • Understanding of asset modeling and ALM techniques, including derivatives, and capital markets approaches



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 $149,250 to $227,635 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.

VP & Actuary, Pricing - GFS

Farmingdale, United States
Full time

Published on 17/08/2022

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