Actuary, USIH

Position Overview

Assists in the development, maintenance, and use of projection models and assumptions for pricing and for valuation, specifically for US individual health products, with the ability as well to provide technical peer reviews.

Responsibilities

• Works to enhance the Company's projection models.
• Provides assistance with the projections required for pricing and for valuation.
• Provides technical peer review of pricing and valuation projections, and of experience studies.
• Provides assistance with development of projection assumptions for pricing and for valuation.
• Provides assistance with actuarial documentation of pricing and valuation projects.
• Performs pricing and valuation work and ad-hoc department projects as needed and called upon.
• Maintains regular and predictable attendance.
• Performs other duties as required.

Requirements

• Bachelor's degree or equivalent experience in Math, Finance, Actuarial Sciences, Statistics or related field
• FSA accreditation
• 7+ years of actuarial experience in life or health insurance
• Advanced PC and technical skills, including database applications (Access, Oracle, SQL
  or equivalent technology), spreadsheets, statistical programs and actuarial software.
• Advanced written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received by all stakeholders, including other RGA associates.
• Advanced interpersonal skills, demonstrating the ability to work effectively with different disciplines, including pricing, investments, accounting, systems, and administration.
• Highly advanced ability to model various insurance products and reinsurance structures.
• Highly advanced ability to perform and evaluate experience studies.
• Highly advanced project management skills. Demonstrates an ability to evaluate project
  objectives and scope for feasibility and understanding.
• Highly advanced analytical and problem solving skills.
• Expert knowledge of life and health products.
• Expert knowledge of GAAP, Statutory, and Tax valuation and financial reporting.
• Ability to multi-task and meet tight deadlines.
• 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.

Preferred:

• MAAA accreditation
• Stochastic modeling
• Working knowledge of GLM or other statistical models
• Expertise in Prophet or demonstrated ability to learn new actuarial valuation software
• Understanding of asset modeling.
• Familiarity with advanced economic-based financial reporting frameworks, such as Economic Capital and Embedded Value.
• Reinsurance industry and product knowledge.

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: $132,430 - $202,455 + bonus.