Bachelor’s Degree in Actuarial Science, Math, Finance, Statistics or a related field, 7+ years of actuarial experience in the life insurance industry, FSA accreditation, Advanced actuarial technical skills and knowledge of life, health, and annuity products..
Key responsibilities:
Develop and manage a framework for capital and balance sheet calculations
Lead quarterly scenario-based capital and balance sheet calculations
Provide technical expertise for regulatory reporting and financial planning
Collaborate with business segments to validate and manage projection data.
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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
The Executive Director & Actuary, Enterprise ALM and Capital will serve as the lead resource for the development and management of the scenario-based capital and balance sheet framework for the enterprise. They are responsible for producing, analyzing, and communicating results. It involves extensive interaction with other RGA departments and offices to ensure that work products are accurate, reliable, and completed in a timely fashion. This is an opportunity to learn about different solvency based regulatory and risk management frameworks and develop knowledge of the wide variety of products in the global portfolio.
Responsibilities
Develop a framework for consistent and efficient capital and balance sheet calculations, estimations, forecasting, and roll forwards for scenario-based regimes
Serve as the lead resource for quarterly scenario-based capital and balance sheet calculations
Provide capabilities and technical expertise with respect to other related initiatives including regulatory reporting, earnings and solvency volatility, scenario analysis, and financial planning
Work to ensure that all lines of business and company risks have been modeled in a reasonable, accurate, and repeatable manner
Aid business segments with respect to validating and managing their projection data and projection models
Develop and execute project plans to meet department goals
Maintain regular and predictable attendance and perform other duties as required
Requirements
Bachelor’s Degree in Arts/Sciences (BA/BS) in Actuarial Science, Math, Finance, Statistics or a related field
7+ Years of actuarial experience in the life insurance industry
FSA accreditation
Advanced ability to investigate, analyze and solve complex problems and issues
Advanced actuarial technical skills including an ability to develop analytics to detect and explain sources of variation from expectations in terms of key drivers
Advanced knowledge of life, health, and annuity products
Advanced ability to model various insurance products and reinsurance structures
Advanced knowledge of GAAP, Statutory, and Tax valuation and financial reporting
Advanced PC skills and understanding of actuarial systems – including spreadsheets, databases, and actuarial projection tools
Advanced project management skills, demonstrating an ability to leverage various resources and tools to reach a common goal.
Ability to influence a large global team to work together in delivering results.
Ability to simultaneously contribute to multiple projects while meeting deadlines.
Advanced ability to adapt to new methods
Ability to work well both independently and within a team environment
Advanced oral and written communication skills, demonstrating the ability to convey complex ideas in a way that is understandable to all stakeholders
Advanced interpersonal skills, demonstrating the ability to work effectively with different disciplines, including pricing, valuation, investments, accounting, risk and IT
Ability to foster a teamwork and customer service focused environment
Preferred
Familiarity with life insurance company financial statements
CERA and MAAA accreditation
Economic, regulatory, and/or rating agency capital experience
Reinsurance experience
Experience with embedded value and Solvency II reporting
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
$135,850.00 - $207,700.00 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
Industry :
Insurance
Spoken language(s):
English
Check out the description to know which languages are mandatory.