Actuary, Structured Finance
Company: RGA Reinsurance Company
Location: Chesterfield
Posted on: March 18, 2023
Job Description:
Position OverviewThe Actuary, Structured Finance contributes to the
completion of key projects in Structured Finance by developing deal
models, and serves as the appointed actuary and primary actuarial
contact for state regulators and external auditors. Develops
pricing and/or risk management analyses for use by potential
financing providers, developing appropriate financial results and
projections of potential or existing reinsurance
transactions.Responsibilities
- Develops and/or reviews financial results and projections for
potential or existing reinsurance transactions.
- Provides assistance with the design of reinsurance structures
and/or asset liability management analyses.
- Provides the assessment of financial results and projections of
RGA's onshore captive s for communication to the officers of the
captives and/or company management.
- Works to ensure that the risks for all assigned deals have been
modeled in a reasonable, accurate, and repeatable manner.
- Monitors in force transactions to ensure risks taken are
appropriately communicated, and to explain variance from expected
to regulators and financing partners.
- Fosters positive relationships with key stakeholders (ex.s:
outside finance providers, regulators, auditors, and corporate
actuarial and regulatory reporting departments). Requirements
Education and Experience Required:
- Bachelor's degree in Math, Finance, Actuarial Sciences,
Statistics or related field
- FSA accreditation
- 7+ years of actuarial experience in life insurance Preferred:
- FSA accreditation
- MAAA accreditation
- Understanding of capital management structures, including the
interaction of debt, surplus notes, and equity. Skills and
Abilities Required:
- Advanced PC and technical skills, including spreadsheets and
actuarial software.
- Ability to multi-task and meet tight deadlines.
- Ability to balance detail with departmental
goals/objectives.
- Advanced oral and written communication skills, demonstrating
the ability to convey business terminology that is meaningful and
well received by all stakeholders, including regulators, finance
providers, external actuarial advisors, and associates.
- Advanced interpersonal skills, demonstrating the ability to
work effectively with different disciplines, including pricing,
investments, finance, valuation, tax, systems, and
administration.
- Advanced ability to model various insurance products and
reinsurance structures.
- Demonstrated ability to evaluate project objectives and scope
for feasibility and understanding.
- Highly advanced analytical and problem solving skills.
- Expert knowledge of life, health, and/or annuity products.
- Ability to work independently and to work well within a team
environment and participate in department projects. Preferred:
- Expertise in MoSes, TAS, and/or AXIS.
- Understanding of asset modeling techniques and capital
markets.
- Familiarity with basic principles of economic-based financial
reporting frameworks, such as Economic Capital, Embedded Value, and
RAROC
- Familiarity with database applications.
- Familiarity with life insurance reporting standards, including:
statutory, tax, and GAAP reporting.
- Reinsurance industry and product knowledge. Company
OverviewReinsurance Group of America, Incorporated (NYSE: RGA) is
one of the largest global providers of life reinsurance, with
offices around the world. RGA delivers expert solutions in
individual life reinsurance, individual living benefits
reinsurance, group reinsurance, financial solutions, facultative
underwriting and product development. Our mission is to enhance our
clients' prosperity by supporting their financial and risk
management capabilities. State of Colorado: This information is
provided per the Colorado Equal Pay Act. The pay range for this
position in Colorado is $129,200 to $197,515 per year. Base pay
varies depending on job-related knowledge, skills, experience and
market location. In addition, RGA compensation includes an annual
bonus plan that includes all roles and maintains a full range of
competitive health and life insurance, retirement and other
employee benefits. #LI-TS1
#LI-REMOTE
Job Detail
Reference number
US07845
Date posted
10/02/2023
Closing date
17/02/2024
Location
Chesterfield
Job Functions
Actuarial
Work Location
Chesterfield MO
Keywords: RGA Reinsurance Company, Chesterfield , Actuary, Structured Finance, Accounting, Auditing , Chesterfield, Missouri
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