Valuation Actuary
Position Overview
The Contract Valuation Analyst/Actuary position is a key 12 month role in the RGAI Corporate Actuary Team. They will work with the existing team to perform quarterly and annual Solvency II reporting tasks, including model runs, analysis and completion of submission templates. They may also assist with model uplifts and documentation as required, and may also support other teams across the wider EMEA Valuation Team where needed.
Responsibilities
Regulatory Reporting
• Maintain RGAI's solvency II processes and models, working with other teams where required.
• Assist in RGAI's Solvency II calculations (quarterly and annual).
• Assist in preparing regulatory returns (quarterly and annual).
• Assist in Solvency II documentation as required.
• Assist in other regulatory reporting requirements: e.g. regulatory information requests, annual reporting.
Risk Management
• Maintain RGAI's risk management analytics tools, e.g. ORSA and ALM model, ensuring that risks are appropriately calculated and presented.
• Develop and deploy End User Controls ("EUCs") in models as required.
Modelling
• Support RGAI's model development.
• Work with other functions (e.g. IT) in developing and implementing enhanced processes and methods.
Other
• Support the Valuation Team in other work (within the Solvency II environment or across other EMEA Valuation Teams as required).
• Respond to ad hoc queries as required.
• Assist in coordinating relevant work across various offices and between various teams.
Requirements
Requirements
• Recently qualified actuary.
• 2+ years of experience post qualification in the life insurance or reinsurance industry.
• Good understanding and experience of the insurance industry.
• Experience in valuation.
Preferred/Desirable
• Proven experience interacting with multiple teams across time-zones.
• Solvency II experience in valuation, pricing or process development roles an advantage.
• Experience in process and model improvement an advantage.
Skills & Abilities
• A high level of personal accountability and integrity (acting with transparency and honesty).
• Demonstrated interpersonal skills.
• Ability to investigate, analyse and solve financial and business problems/ issues.
• Ability to adapt to new methods, work under tight deadlines.
• Self-motivated and driven with proven entrepreneurial spirit.
• Innovative and creative thinker.
• Advanced MS Office suite skills.
• Ability to work online either at home or remote.
• Ability to travel as required.
Company Overview
RGA's Commitment to Diversity, Equity, and Inclusion
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 We support hybrid and flexible ways of working and would welcome a discussion on how we can balance what is important to you with business requirements during the recruitment process.
What can RGA offer you?
• Competitive salary
• Financial support with reference to Qualifications and Learning and Development Courses.
• 27 Days Annual Leave, Plus Bank Holidays.
• Pension Package.
• Private Medical Insurance
• Life Assurance.
• Group Income Protection.
Company Overview
Reinsurance Group of America is one of the largest global life and health reinsurance companies in the world. With operations in 26 countries, 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 has approximately $3.4 trillion of life reinsurance in force, assets of $84.9 billion, and a singular purpose: to make financial protection accessible to all.