Position Overview
Performs valuation/financial reporting duties for the region and supports senior valuation actuaries by developing/maintaining actuarial models used to support planning, reporting, economic capital refinement, cash flow testing, and other such uses; performing detailed Statutory, Tax, and GAAP valuation work for assigned life and health blocks; reviewing financial results for assigned blocks of business; and providing technical support in the form of desktop applications, relational databases, homegrown actuarial software, and commercial actuarial software. Interacts with other RGA departments and offices to ensure that financial results, financial plans, and other such Valuation & Financial Analysis Department work products are portrayed correctly, understood, and completed in a timely fashion. Assists with the development of an enhanced financial planning and projection infrastructure and with the development of advanced financial reporting frameworks.
Responsibilities
- Develops, maintains, and/or reviews actuarial models for assigned blocks of business.
- Performs Statutory, Tax, and GAAP valuation work for assigned life and annuity blocks.
- Develops unbiased financial plans for assigned blocks of business and assists with the communication of financial results in terms of major sources of variance.
- Provides assistance with the enhancement of the Company's projection and planning infrastructure, especially as it pertains to the development of common data repositories.
- Provides support to senior valuation actuaries and assists with special projects.
- Serves as a liaison with other valuation, administration, and accounting associates.
- Participates in the development and enhancement of underlying processes and recommends improvements.
- Maintains regular and predictable attendance.
Requirements
- Bachelor's degree in Math, Finance, Actuarial Sciences, Statistics, or related filed
- P, FM, IFM,LTAM, STAM, and or SRM actuarial exams complete
- Intermediate PC and technical skills, including database applications (Access, Oracle, SQL or equivalent technology), spreadsheets, statistical programs and actuarial software.
- Ability to compile, analyze, refine, and interpret large amounts of financial data/results and model projections
- Competent knowledge and understanding of actuarial concepts
- Ability to be flexible when needed, take initiative, and demonstrate accountability
- Intermediate oral and written communication skills demonstrating ability to share and impart knowledge
- Ability to quickly adapt to new methods, work under tight deadlines and stressful conditions
- Ability to set goals, multitask and prioritize workload
- Intermediate investigative, analytical and problem solving skills
- Ability to work well within a team environment and participate in department/team projects
- Ability to balance detail with departmental goals/objectives
- Intermediate interpersonal skills
- Ability to translate business needs and problems into viable/accepted solutions
- Ability to foster customer service as needed
- Ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines and work well with all levels of management
- General business knowledge
Preferred:
- Master's degree in Math, Finance, Actuarial Sciences, Statistics or related field
- 1+ years of actuarial experience in life insurance
- Competent in actuarial software
- Ability to program in visual basic or equivalent
- Competent understanding of key insurance-related concepts, including life & annuity products, reinsurance contracts, and basic GAAP, Statutory, and tax accounting principles
Company Overview
Discover Reinsurance - https://www.rgare.com/our-company/about-rga
Our history, purpose, partnership, reinsurance, RGA Central (client portal), industry recognition, and risk assessment.
Discover Your Purpose - https://www.rgare.com/careers/careers-overview
Join a community of people driven by the same purpose: to make financial protection accessible to all. What we do, work life worldwide, culture and purpose, diversity, equity and inclusion, career development, benefits, and balance, and becoming a candidate.
Discover RGA - https://www.rgare.com/
Reinsurance Group of America - Making financial protection accessible to all, solutions for every situation, RGA Knowledge Center, global insight locally delivered, our responsibility at RGA, newsroom, and policy and governance.
The general pay range for this position is $63,400 - $90,050 per year. Base pay varies depending on job-related knowledge, skills, experience, and market location. In addition, RGA provides an annual bonus plan that includes all roles, and some positions are eligible for participation in our long-term equity incentive plan. RGA maintains a full range of health, retirement, and other employee benefits.