Assistant Actuary, Global Actuarial Svcs

Company: Reinsurance Group of America
Location: Chesterfield
Posted on: May 3, 2021

Job Description:

Position Overview

Reinsurance in itself is unique. It's a specialized segment of the industry that's exciting and not bound by the same conservative restrictions of the direct market. RGA is proud to lead the reinsurance industry, but the company also is thinking beyond this segment. RGA is focused on leading the entire life and health insurance space.

The Assistant Actuary performs valuation/financial reporting and analysis for the US Individual Life Division of RGA. Contributes to the maintenance and enhancement of the financial forecasting infrastructure and analytic foundation by developing/maintaining actuarial data, assumptions, models and processes used not only for valuation, but also to support unbiased planning, reporting, economic capital refinement, embedded value calculation, capital planning, cash flow testing, and other such uses. Provides general valuation, financial analysis, and project assistance.

Responsibilities

• Researches, develops, maintains, and/or reviews actuarial assumptions, methods and models. Provides internal guidance and documentation.
• Performs detailed Statutory, Tax, and GAAP valuation work for assigned business, ensures these items are appropriately documented and posted, and assists with identifying changing requirements and adapting to maintain compliance.
• Develops unbiased projections for financial planning and analysis and assists with communication of financial analytics and results in terms of major drivers of variance.
• Serves as a liaison with other valuation, pricing, administration, systems, accounting, audit, and finance associates.
• Performs valuation work and ad-hoc department projects as needed and called upon.
• Maintains regular and predictable attendance.
• Performs other duties as required.

Requirements

Education and Experience

Required:

• Bachelor's degree in Math, Finance, Actuarial Sciences, Statistics or related field
• ASA accreditation
• 3+ years of actuarial experience in life insurance/reinsurance

Preferred:

• Experience in Individual Life valuation or pricing
• Willingness to pursue FSA accreditation
• 3+ years actuarial experience in reinsurance valuation and/or financial reporting (GAAP, Statutory, and Tax)
• Experience in Prophet

Skills and Abilities

Required:

• Advanced PC and technical skills, including database applications (Access, Oracle, SQL or equivalent technology), spreadsheets, statistical programs and actuarial software (Prophet, AXIS, or equivalent).
• Knowledge of life, health, and/or annuity products.
• Knowledge of GAAP, Statutory, and Tax valuation and financial reporting.
• Ability to work independently and to work well within a team environment and participate in department projects
• Ability to quickly adapt to new methods, work under tight deadlines and stressful conditions.
• Advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received by all stakeholders, including customers and associates.
• Advanced investigative, analytical and problem solving skills
• Advanced ability to manage multiple projects and/or teams simultaneously
• Advanced ability to liaise with individuals across a wide variety of operational, functional and technical disciplines
• Advanced ability to translate business needs and problems into viable/accepted solutions

Preferred:

• Expert in Prophet, and/or AXIS (or equivalent actuarial software).
• Expert knowledge of US GAAP SFAS 60 and/or LDTI
• Expert knowledge of US Statutory reserving requirements
• Reinsurance industry and product knowledge.

Company Overview

Reinsurance 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.

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Keywords: Reinsurance Group of America, Chesterfield , Assistant Actuary, Global Actuarial Svcs, Other , Chesterfield, Missouri