Reinsurance Group Of America Chesterfield , MO 63005
Posted 2 weeks ago
Position Overview
The Sr. Actuarial Assistant will be a strong contributor within a high performing group. The focus of this position is on production and analysis of RGA's global asset intensive reinsurance and direct business. The role also contributes to the enhancement of the financial models and infrastructure by developing and maintaining actuarial assumptions, methods, models, and processes used within the valuation team. It is expected that the successful candidate provides general valuation, financial analysis, and project assistance as needed.
The Non-Traditional Valuation team supports RGA's Global Financial Solutions (GFS) business segment. The focus of the team is on building and maintaining the Valuation model, performing financial reporting and analysis, and assumption setting for the GFS business.
Accumulation Annuity products such as RILA, Variable Annuities, Indexed Annuities, Fixed Annuities
Longevity Annuity products such as Pension Risk Transfer (PRT), SPIAs, DIAs, QLACs, Longevity Swaps
Institutional products such as BOLI, COLI, Stable Value Wraps, GICs
Life Protection products such as Whole Life, Endowments, Universal Life, Variable Life, Secondary Guarantee (ULSG)
This position is open to remote candidates.
Responsibilities
Performs US GAAP, US Statutory and US Tax valuation for life and annuity reinsurance and direct business
Develops, maintains, and/or reviews actuarial models in Prophet and other applications, including setting up and maintaining appropriate assumptions
Develops actuarial models
Identifies, implements, and enhances governance and control infrastructure
Develops experience studies and makes recommendations on updating actuarial assumptions
Maintains and enhances documentation
Develops projections for financial planning and analysis and investigates major drivers of variance
Serves as a liaison with other lines of business and company functions/departments to promote improvement in valuation and financial analysis for assigned business
Performs valuation work and ad-hoc department projects as needed and called upon
Remains current in profession and industry trends
Maintains regular and predictable attendance
Performs other duties as required
Requirements
5+ SOA ASA-level exams passed
2+ years of actuarial experience in life insurance/reinsurance
PC and technical skills, including database applications (Access, Oracle, SQL, or equivalent), spreadsheets, statistical programs, and actuarial software (AXIS, Prophet, or equivalent)
Understanding of local reporting and regulatory environments
Understanding of insurance financial metrics and analysis techniques
Preferred Qualifications:
MAAA accreditation
Management experience
Bachelor's degree in Math, Finance, Computer Science, or related field
Prophet modeling experience in ALS, US 360, US NA, GAAP, and/or cohort libraries
Working knowledge of Principles Based Reporting, Risk Based Capital, or Valuation Manual
Prior experience on PBR reporting, model design, policy, or related activities
Prior experience on VM-20, AG-30, AG-38, AG-48, or similar US STAT life valuation guidelines
Prior experience on VM-21, VM-22, AG-33, AG-35, AG-43, or similar US STAT annuity valuation guidelines
Prior experience on VM-30, VM-31, CFT, AAT, RBC, C3 Phase 1, C3 Phase 2, or similar US STAT guidelines
Familiarity with GAAP, Statutory, and Tax valuation and financial reporting
Familiarity with traditional life insurance products, such as Whole Life, Term, Universal Life
Familiarity with deferred and/or immediate annuities, including indexed or variable annuities
Familiarity with fixed income investments, asset modeling techniques, and capital markets
Familiarity with pension and other longevity products
Product development, stochastic modeling, and/or asset liability management experience
Reinsurance industry, structuring, or merger and acquisition experience
Advanced communication skills, demonstrating the ability to convey business terminology that is meaningful and well received by all stakeholders, including customers and associates
Advanced interpersonal skills, demonstrating the ability to work effectively with different disciplines, including pricing, investments, accounting, systems, and administration
Ability to manage multiple projects simultaneously
Advanced analytical and problem-solving skills
Ability to balance detail with departmental goals/objectives
Ability to work independently and to work well within a team environment and participate in department projects
Company Overview
Reinsurance Group of America, Incorporated (NYSE: RGA) is one of the largest global life and health reinsurance companies. With headquarters in St. Louis, Missouri, RGA supports clients and partners around the world through innovative approaches and customized solutions.
Founded in 1973, RGA celebrated its 50th anniversary in 2023.
We are the only global reinsurance company to focus primarily on life- and health-related reinsurance solutions.
Our core products and services include life reinsurance, living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting, and product development.
RGA ranks #257 on the 2024 Fortune 500 list. The list ranks U.S.-based companies by total revenue.
RGA has been named to Fortune magazine's 2023 and 2024 lists of the World's Most Admired Companies.
RGA in Canada has been selected as one of Greater Toronto's Top Employers for 2024
RGA has approximately $3.5 trillion of life reinsurance in force and assets of $87.4 billion as of September 30, 2023.
RGA aims to evolve RGA workplaces and the communities in which RGA has a presence, into more diverse, equitable and inclusive environments. We will create a culture where individuals are valued, feel a sense of belonging, and are respected for their differences - a workplace where all employees are encouraged and supported to reach their full potential.
Our individual, social, economic, and cultural identities shape and influence our experiences and perspectives. Therefore, to do our best work RGA will ensure diversity in our workforce across the various dimensions of social, interpersonal, and cultural identity - and by practicing inclusivity in how we work with one another. Inclusion in our workplace is a step towards our purpose of making financial protection accessible to all.
Flexible Working Environment
RGA supports hybrid and flexible ways of working and would welcome a discussion on how it can balance what is important to you with business requirements during the recruitment process.
Visit our Annual Review site, https://rgaannualreview.com, to find out more about us.
RGA offers an array of benefits, including flexible plans.
Pay is based on a number of factors, including market, a candidate's skills, and experience commensurate with a role, etc. salary range: $74,150 - $105,295 + bonus
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Reinsurance Group Of America