Associate Director, Pricing GFS APAC

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.
 

• Perform pricing, modeling, risk analysis, structuring, and other activities related to specific new business development opportunities for the Global Financial Solutions business unit.
• Work with the marketing staff to determine client needs and objectives, understand and analyze client information, and design terms and structures of transactions to meet those needs and objectives.
• Documents risk analysis of transactions.

Responsibilities

• Perform the pricing, modeling, risk analysis, and structuring activities on new or proposed transactions, or amendments to existing transactions, for the Global Financial Solutions business unit in a timely manner consistent with applicable standards as it relates to GFS business in Asia.
• Assess and analyze risk exposure in potential transactions and prepare documentation of these risks.
• Review and provide feedback, in a timely manner, the work - including data, assumptions, modelling, sensitivity testing and documentation - of other actuaries as appropriate across all GFS business lines and specifically on projects in the relevant area of responsibility.
• Assist in working with the marketing staff to determine client needs and objectives, understand and analyze client information, and design terms and structures of transactions to meet those needs and objectives.
• Maintain and develop the companies pricing function and ensure appropriate procedures and processes are followed within the team.
• Participate and, where needed, lead ad-hoc department projects as needed.
• Assist risk management and operations personnel with monitoring experience of in-force treaties.
• Perform other duties as assigned.

Required Qualifications and Attributes:

• Bachelor's degree in Math, Finance, Statistics, Actuarial Science, Computer Science or related field
• FIA, FSA, FIAJ or Equivalent Certification
• 6-8 years of actuarial experience in Life Insurance/Reinsurance experience
• Demonstrated knowledge of life insurance, health insurance, third sector, longevity, and/or annuity products
• Experience with actuarial modeling software
• Strong oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received
• Strong investigative, analytical and problem solving skills
• Ability to balance detail with departmental goals/objectives
• Skills in customer relationship management and change management
• Ability to translate business needs and problems into viable/accepted solutions
• Ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines

Preferred Qualifications and Attributes:

• Advanced quantitative degree or designation
• Reinsurance industry experience
• Product design / pricing experience OR ALM / risk management experience (requirements vary with job level)
• Financial reinsurance, asset-intensive, or longevity pricing experience
• Knowledge of key financial reporting, accounting, and solvency regimes, including (but not limited to): US GAAP (including FAS 97, FAS 91, FAS 133, FAS 157, and SOP 03-1), US Statutory, and US tax; IFRS; MCEV / EV / EEV; and Solvency II.
• Ability to model various insurance products and reinsurance structures.
• Knowledge of life insurance, health insurance, longevity, and/or annuity products
• PC and technical skills including (but not limited to): spreadsheets (VBA), database applications (Access, Oracle, SQL or equivalent technology), statistical programs, and one or more computing languages (ex: C/C++)
• Expertise in MoSes, TAS10, TAS9.5, and/or AXIS
• Ability to challenge and enhance our analytical capabilities
• Understanding of asset modeling and ALM techniques, including derivatives, and capital markets approaches

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.