You desire impactful work.
You’re RGA ready
RGA is a purpose-driven organization working to solve today’s challenges through innovation and collaboration. A Fortune 500 Company and listed among its
World’s Most Admired Companies, we’re the only global reinsurance company to focus primarily on life- and health-related solutions. Join our multinational team of intelligent, motivated, and collaborative people, and help us make financial protection accessible to all.
Position Overview
Performs pricing, modeling, analysis, structuring, and other activities related to specific new business development opportunities for the Global Financial Solutions (GFS) business unit. Works with the business development 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. Documents risk exposure in potential transactions. Assists business development associates by building proof-of-concept models for new opportunities or new reinsurance resolutions for our clients. Assists business development associates in the development of new markets, structures, and product lines for GFS to be marketing proactively to our clients.
We are open to remote candidates in the US.
Responsibilities
- Perform pricing, modeling, analysis, and structuring activities on new or proposed transactions, or amendments to existing transactions, for the GFS business unit in a timely manner consistent with applicable standards
- Assess and analyze risk exposure in potential transactions and prepare documentation of these risks in detailed risk analysis reports
- Develop and maintain adequate and timely documentation of personal work that complies with relevant Actuarial Standards of Practice (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
- Assist business development associates by building proof-of-concept models for new opportunities or new reinsurance solutions for our clients
- Perform peer review and technical review on the work of other actuaries
- Update documentation of GFS pricing methodology, parameters, and procedures. Recommend, implement, and document enhancements to the pricing process
- Set realistic and achievable deadlines for modeling, analysis, and other new business development activities. Complete 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 and other GFS personnel.
- Assist risk management personnel with transition of new treaties to in-force monitoring and management
- Participate in key unit and ad-hoc department projects as needed
- Maintain regular and predictable attendance
- Perform other duties as assigned
Requirements
- Bachelor's degree in math, finance, statistics, actuarial science, computer science or related field
- FSA Certification (or equivalent)
- 7+ years of actuarial experience in Life Insurance/Reinsurance
- Demonstrated knowledge of life insurance, health insurance, longevity, and/or annuity products
- Ability to take ownership in projects and drive them to completion
- Experience with actuarial modeling software
- Highly advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received
- Highly advanced investigative, analytical and problem-solving skills
- Expert ability to balance detail with departmental goals/objectives
- Advanced skills in customer relationship management and change management
- Highly advanced ability to translate business needs and problems into viable/accepted solutions
- Highly advanced ability to manage multiple projects and/or teams simultaneously
- Highly advanced ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines
- Highly advanced persuasion and negotiation skills when working with internal/external customers
Preferred
- MAAA/FCIA or other local actuarial organization accreditation
- CFA designation
- Advanced quantitative degree or designation
- Reinsurance industry experience
- Merger and acquisition experience
- Product design / pricing experience or ALM / risk management experience (requirements vary with job level)
- Financial reinsurance, asset-intensive, or longevity pricing experience
- Advanced knowledge of key financial reporting, accounting, and solvency regimes, including (but not limited to): US GAAP, US Statutory, and US tax; IFRS; MCEV / EV / EEV; LICAT 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 (ex: C/C++)
- Expertise in AXIS, FIS Prophet and/or MG-ALFA
- Ability to challenge and enhance our analytical capabilities
- Understanding of asset modeling and ALM techniques, including derivatives, and capital markets approaches
What You Can Expect From RGA
- Gain valuable knowledge from and experience with diverse, caring colleagues around the world.
- Enjoy a respectful, welcoming environment that fosters individuality and encourages pioneering thought.
- Join the bright and creative minds of RGA, and experience vast, endless career potential.
Compensation Range
$132,430.00 - $202,455.00 Annual
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 also maintains a full range of health, retirement, and other employee benefits.
RGA is an equal opportunity employer. Qualified applicants will be considered without regard to race, color, age, gender identity or expression, sex, disability, veteran status, religion, national origin, or any other characteristic protected by applicable equal employment opportunity laws.
