Associate Actuary, Risk & In-Force Management, EP&FP

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.

Overview

The Associate Actuary, Risk & In-Force Management, EPFP performs ALM and In-Force management analysis for RGA's Enterprise Pricing & Financial Products group. The successful candidate will
• support production of quarterly ALM reporting, treaty compliance, and completes in-force management reporting for asset-intensive treaties;
• participate in key unit projects and performs ad hoc requests assigned to the risk management unit.

Key Responsibilities
• Models asset and liability behavior under different financial shocks
• Integrates results from asset and liability models to form a comprehensive view of each treaty
• Projects evolution of spread income and GAAP financial results for treaties under different scenarios
• Tracks quarterly experience for in-force treaties and assists with experience analysis to explain unexpected results
• Develops reports highlighting recent experience and performance trends
• Works with pricing actuaries to understand the major risks for in-force treaties and assists with the ongoing management of those risks
• Assists with the development of the annual EPFP financial plan
• Assists other areas within EPFP or RGA in the development and validation of projections for EPFP business
• Builds and maintains strong relationships with other EPFP and Risk Management team members
• Participates in key unit and ad-hoc department projects as needed

Candidate Requisites

Education & Experience
• Bachelor's degree in Math, Finance, Statistics, Actuarial Science, Computer Science or related field
• FSA Certification and 6+ years actuarial experience in Life Insurance, annuities and/or reinsurance OR ASA accreditation and 10+ years of actuarial experience in Life Insurance, annuities, and/or reinsurance

Preferred
• Reinsurance industry experience
• ALM / risk management experience OR Product design / pricing experience
• CFA/CERA or other asset/risk-based credentials
• Programming experience is a plus

Skills & Abilities
• Intermediate PC and technical skills, including database applications (Access, Oracle, SQL or equivalent technology), spreadsheets, statistical programs and actuarial software (Prophet, AXIS, or equivalent)
• 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 the ability to share and impart knowledge
• Ability to set goals 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
• Ability to program in VBA or C++
• Competent understanding of key insurance-related concepts, including life and annuity products, reinsurance contracts, and basic GAAP, Statutory, and tax accounting principles
• Competent understanding of derivative usage and other risk mitigation strategies
• Demonstrated expertise in improving efficiencies through automation of repeatable processes.

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

$114,750.00 - $175,450.00 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.

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