RGA’s culture stresses high performance and collaboration, and the company hires the smartest people in the industry. And, the smart people they hire are not just number crunchers. RGA values 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.
The Assistant Actuary is a member of the Global Analytics and Inforce Management team, supporting all aspects of the organization; including Inforce Management, Strategic Risk and Analytics, and Enterprise Capital Standards with specific focus to supporting and enhancing RGA capital and risk management processes by examining risk distributions and capital adequacy for internal and external uses. Team member is to develop an understanding of RGA internal capital models to help maintain and improve assumptions and calculations.
Participate in the ongoing development, implementation, production and enhancement of RGA’s Principles-Based Economic Capital models
Collaborate with various businesses and Corporate Modeling to better understand the key risks facing RGA and ensure that the Company is adequately capitalized for them. Review projection results to help uncover anomalies and shifts in the business, validating for reasonableness.
Apply investigative skill and analytical methods to develop narrative descriptions regarding enterprise capital and risk analysis.
Collaborate with risk management associates to describe current company risk management practices and plans, and help identify any shortfalls
Assist other team members with data compilation, validation and analysis related to inforce management.
Apply financial reporting concepts and analyze RGA’s inforce business.
Performs other duties as required.
Education and Experience
Bachelor’s degree in Math, Finance, Actuarial Sciences, Statistics or related field
3+ years of actuarial experience in life insurance/reinsurance
Familiarity with reinsurance valuation and/or financial reporting
Experience with Solvency II, or rating agency capital regimes
Skills and Abilities
Advanced PC and technical skills
Advanced oral and written communication skills demonstrating ability to share and impart knowledge
Ability to quickly adapt to new methods, work under tight deadlines and stressful conditions
Advanced investigative, analytical and problem solving skills
Ability to work well within a team environment and participate in department/team projects
Expert ability to balance detail with departmental goals/objectives
Advanced ability to translate business needs and problems into viable/accepted solutions
Advanced skills in customer relationship management and change management
Ability to manage multiple projects or teams and set applicable goals
Advanced negotiating and persuasion skills
Advanced ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines
General business knowledge
Advanced project management skills. Demonstrates an ability to evaluate project objectives and scope for feasibility and understanding
Advanced knowledge of actuarial mathematics and experience analysis concepts and techniques
Ability to compile, analyze, refine, and interpret large amounts of data
Knowledge of RGA’s pricing, valuation and/or financial reporting standards, systems and processes (or similar)
Intermediate knowledge of database applications (Access, Oracle, SQL, TOAD, or equivalent)
Computer programming skills (Visual Basic or equivalent)
Reinsurance industry and product knowledge
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. Our mission is to enhance our clients’ prosperity by supporting their financial and risk management capabilities.
Job Reference: CN00708