Associate Actuary / Actuary, In-Force Management, GFS

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.

A Brief Overview

The Associate Actuary / Actuary, In-Force Management, GFS Actuary, Pricing, Global Financial Solutions position performs pricing, modeling, analysis, structuring, and other activities related to specific new business development opportunities for the Global Financial Solutions 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.

What You Will Do

• Perform 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.
• Assess and analyze risk exposure in potential transactions and prepare documentation of these risks in detailed pricing analysis reports.
• Develop and maintain adequate and timely documentation of professional work that complies 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.
• Assist business development associates by building proof-of-concept models for new opportunities or new reinsurance solutions for our clients.
• Perform peer review on the work of other actuaries.
• Set realistic and achievable deadlines for modeling, analysis, and other new business development activities. Complete required tasks accurately within those deadlines.
• Provide updates on ongoing progress to supervisor and other Global Financial Solutions 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.
  
  

Qualifications

• Bachelor’s Degree in Arts/Sciences (BA/BS) in math, finance, statistics, actuarial science, computer science or related field Required
• Advanced quantitative degree or designation Preferred
• 6+ Years experience OR ASA and 10+ years of actuarial experience in life insurance/reinsurance Required
• Reinsurance industry experience; Merger and acquisition experience. Preferred
• Demonstrated knowledge of life insurance, health insurance, longevity, and/or annuity products Required
• Ability to take ownership in projects and drive them to completion. Advanced ability to manage multiple projects and/or teams simultaneously Required
• Experience with actuarial modeling software. Required
• Ability to quickly adapt to new methods, work under tight deadlines and stressful conditions Required
• Advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received. Advanced ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines. Required
• Advanced investigative, analytical, and problem-solving skills. Advanced ability to translate business needs and problems into viable/accepted solutions. Required
• Ability to work well within a team environment, participate in department/team projects and balance detail with departmental goals/objectives Required
• Advanced skills in customer relationship management and change management. Advanced persuasion and negotiation skills when working with internal/external customers Required
• Product design / pricing experience OR ALM / risk management experience (requirements vary with job level) Preferred
• Financial reinsurance, asset-intensive, or longevity pricing experience 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. Preferred
• 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 Preferred
• FSA - Fellow of the Society of Actuaries certification (or equivalent) OR - ASA certification (or equivalent) Required
• MAAA/FCIA or other local actuarial organization accreditation Preferred
  
  

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.