Actuarial Analyst / Associate, Pricing

Position Overview

Pricing Actuaries are responsible for the pricing of individual business through modelling, risk analysis, other new business development activities as well as in-force management of HK / HNW portfolios.

Responsibilities

• Assist in developing required pricing models to complete quotes that meet clients' objectives and RGA's minimum requirements.
• Ensure all pricing procedures, including preparation of pricing memo and peer reviews meet documented divisional standards.
• Work closely with internal counterparts to develop sustainable reinsurance solutions.
• Conduct review and provide sound advice for actuarial work.
• Conductresearchandproducepricingbasis fornewbusinessdevelopmentinitiatives.
• Ensurepricingbasisaredocumented and approved for all reinsurance coverage allowed under the country mandate.
• Providetechnical/actuarialsupport for the execution of our product development initiatives. Conduct experience study to monitor the ongoing experience of in-force treaties
• Structure and develop required in-force pricing solution to maintain RGA's profitability
• Deliver quarterly insurance risk monitoring report to highlight the experience and emerging trends of key in-force treaties and recommend any management action if required
• Enhance and streamline in-force management infrastructure and tools to improve efficiency
• Provide insights drawn from in-force portfolios to develop and sharpen pricingbases
• Handle in-force business enquiries from Business Development, Valuation, Data Administration and other regional teams
• Support ad-hoc corporate and internal projects.

Requirements

• Bachelor's degree in actuarial science, statistics, math, finance, or related fields
• Fresh graduate / 1-2 years working experience
• Highly organized, delivery-orientated with the ability to work with multiple concurrent projects
• Highly motivated, results oriented and solutions focused
• Ability to work effectively under pressure
• Strong interpersonal skills with the ability to negotiate and influence others
• Strong technical skills and attention to detail
• Strong client services ability with excellent communication skills (both written and verbal)
• Advanced Excel and strong programming skills are required
• Experience in actuarial software, e.g. Axis, is strongly preferred
• Ability to challenge and enhance existing analytical methodologies
• Innovative, proactive and improvement oriented
• Ability to work independently and as part of a team and deal with multiple stakeholders within the business

Company Overview

Reinsurance Group of America, Incorporated (NYSE: RGA), a Fortune 500 company, is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. With headquarters in St. Louis, Missouri, and operations around the world, RGA delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, facultative underwriting, product development, and financial solutions.

RGA has been named to Fortune magazine's 2024 list of the World's Most Admired Companies, an acknowledgement that reflects our legacy of innovation, dedicated client focus, community responsibility, commitment to diversity, and long-term value creation. RGA has approximately $3.7 trillion of life reinsurance in force as of December 31, 2023. To learn more about RGA and its businesses, visit www.rgare.com .

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 .