Bachelor's degree in Math, Finance, Statistics, Actuarial Science or related field., Fellowship, Society of Actuaries (FSA)., 15+ years experience in life or health insurance or reinsurance., 5 years experience in financial reporting and/or analytical role..
Key responsabilities:
Leads corporate actuarial reporting and analysis.
Collaborates with senior actuaries for compliance and reporting objectives.
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Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital.
Founded in 1973, RGA celebrates its 50th anniversary in 2023. Over the past five decades, RGA has become one of the world’s largest and most respected reinsurers and is listed among Fortune's World's Most Admired Companies.
The global organization is guided by a fundamental purpose: to make financial protection accessible to all. RGA is widely recognized for superior risk management and underwriting expertise, innovative product design, and dedicated client focus. RGA serves clients and partners in key markets around the world and has approximately $3.4 trillion of life reinsurance in force and assets of $89.1 billion as of March 31, 2023. To learn more about RGA and its businesses, visit www.rgare.com.
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
Leads, manages, directs and oversees valuation and financial actuarial and analytical processes related to corporate consolidated reporting. Works to expand and enhance management insights gained from quarterly financial reporting. Engages with industry and regulators on issues impacting valuation.
Responsibilities
Leads, manages and directs corporate actuarial reporting and analysis. Collaborates with and through the senior actuaries for each business unit and various RGA offices to achieve compliance and reporting objectives.
Performs management duties including, but not limited to, hiring, training, evaluating, coaching, and disciplining direct reports. Fosters a positive and engaged work environment. Mentors associates and gives guidance on associate development.
Partners with other corporate areas to develop, review and implement tax and capital strategies through our regulatory workings.
Develops and leads the implementation of enhanced legal entity management information, including expanded quarterly review and reporting of key metrics under multiple reporting bases.
Leads, manages and directs all aspects of legal entity financial planning for US and offshore operating companies, including preparation, review and monitoring of legal entity financial plans. Contributes to legal entity capital planning and related initiatives, such as any inter-company financing or restructuring.
Maintains awareness of relevant changes in actuarial requirements and risk mitigation techniques for reinsurance structures and underlying products.
Acts as Appointed Actuary for one or more US or offshore companies. Interfaces with regulators and industry groups in multiple jurisdictions. Actively represents RGA in discussions around valuation methodologies, standards and regulations.
Leads, sets standards, or contributes to the preparation and maintenance of Actuarial Memoranda for RGA’s US and/or offshore subsidiaries.
Maintain regular and predictable attendance.
Perform other duties as assigned.
Requirements
Bachelor’s degree in Math, Finance, Statistics, Actuarial Science or related field.
Fellowship, Society of Actuaries (FSA)
Member, American Academy of Actuaries (MAAA)
15+ years experience in life or health insurance or reinsurance.
5 years experience in financial reporting and/or related analytical role involving mortality and/or morbidity based products (GAAP, Stat, Tax)
Qualified to sign Public Statement of Actuarial Opinion or have within 6 months
Broad Understanding of Reinsurance product designs, pricing, administrative, accounting, and valuation requirements
Understanding of the bases behind assumptions driving reinsurance pricing and valuation
Advanced PC skills and understanding of actuarial systems – including spreadsheet, database, and actuarial projection tools
Highly advanced actuarial technical skills and an ability to detect and explain sources of variation from expectations in terms of key drivers
Exceptional people management skills, demonstrating the ability to lead, mentor, and develop associates; including the ability to delegate key areas of responsibility
Expert ability in implementing change within an organization, ensuring understanding, participation, and ownership.
Exceptional 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.
Expert 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 manage 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 degree in financial-related field
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
$255,600.00 - $366,533.00 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.
Required profile
Experience
Level of experience:Expert & Leadership (>10 years)
Industry :
Insurance
Spoken language(s):
English
Check out the description to know which languages are mandatory.