Actuarial Associate, Valuation

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.

position overview

RGA’s culture stresses high performance and collaboration. We hire the smartest people in the industry and believe smart people work smarter when they’re empowered to use logic balanced with creativity and curiosity. RGA also values humility, and its employees work together without ego to bring value to RGA while revolutionizing the life and health insurance space. But more than anything, RGA employees love their jobs because it’s challenging and rewarding work. These are just a few of the attributes we are looking for in the Global valuation team

The individual in this role will support the legal entity flows valuation team in maintaining and updating quarterly in force and new business legal entity projections and management reports. The Individual will also support the appointed actuary of the Bermuda and Barbados companies in completing regulatory requirements as well as preparing materials for solvency committee meetings.

Responsibilities

Legal entity:

• Assist in maintaining and updating quarterly in force quarterly 5 year legal entity projections:
  • Projected financials statements under US GAAP, Tax and local regulatory basis
  • Projected regulatory capital
• Assist during capital planning efforts as valuation representative
• Responsible for creating and circulating quarterly legal entity reporting pack

Offshore regulatory reporting:

• Support the appointed actuary (AA) of the Bermuda and Barbados companies in completing regulatory requirements as well as preparation for committee meetings:
  • Assist in preparation of actuarial opinions and memorandums
  • Quarterly review of legal entity actuarial balances
  • Support the AA in the solvency committee planning and preparation of materials
  • Support the AA, as needed, completing actuarial analysis on potential regulatory changes

Requirements

• Bachelor’s degree in Actuarial Science, Math, Finance, Statistics, or a related field
• ASA designation
• 3+ years of actuarial experience in the life insurance industry
• Advanced PC and technical skills, including database applications (Access, Oracle, SQL or equivalent technology) and spreadsheets
• Advanced ability to compile, analyze, refine, and interpret large amounts of financial data and projection model results
• Advanced oral and written communication skills, demonstrating the ability to convey complex ideas in a way that is understandable by all stakeholders
• Advanced interpersonal skills, demonstrating the ability to work effectively with different disciplines, including valuation, investments, finance, accounting, and information technology
• Advanced investigative, analytical and problem-solving skills.
• Knowledge of life, health, and annuity products
• Knowledge of US Statutory and Tax valuation and financial reporting
• Knowledge of one or more actuarial modeling systems
• Ability to work well both independently and within a team environment
• Ability to simultaneously contribute to multiple projects and meet tight deadlines
• Ability to balance detail with department goals and objectives

Preferred

• Reinsurance experience
• Ability to program in Prophet and/or Moddy’s AXIS
• Advanced project management skills, demonstrating an ability to leverage various resources and tools to reach a common goal
• Reinsurance industry and product knowledge
• Working knowledge of US Principle Based reserving
• Familiarity with life insurance company financial statements

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:

$85,500.00 – $106,850.00 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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