Senior Vice President of Actuarial Modernization

Position Overview

As a leading figure in the insurance industry, we are seeking a highly strategic and dynamic Senior Vice President of Actuarial Modernization to spearhead our actuarial operations and technological innovations. This executive role is perfect for a visionary leader who is adept at leveraging technology in conjunction with people, process, and data to optimize actuarial functions and drive the global actuarial agenda in concert with broader organization objectives and direction.

Responsibilities

• Global Valuation Operations
• Oversee and enhance Global Valuation operations, providing a bridge between Global Valuation and the Actuarial IT teams and establishing effective communication and prioritization of business requirements.
• Identify and document best practices and streamline valuation and actuarial forecasting processes across different products and offices
• Global Prophet Modeling
• Lead the team responsible for the development and maintenance of Prophet models. Ensure models are up to date with current regulations and industry standards
• Collaborate with other departments to integrate new product features and measurements. In collaboration with Global IT, periodically strategically review model platform functionality and performance against industry alternatives
• Global Valuation Centralized Production and Process Optimization
• Centralize valuation and actuarial forecasting processes where appropriate for significant efficiency and consistency gain across global operations
• Identify opportunities for process improvements and integrate innovative solutions to enhance productivity and information that can produce insights
• Enterprise Actuarial Technology and Data Liaison
• Serve as the primary actuarial contact for enterprise technology initiatives
• Collaborate and coordinate for modernization and advancement of all financial information, including actuarial, in concert with other colleagues in the CFO organization and adjacent areas such as Risk, Investments, and Pricing. Facilitate the alignment between actuarial needs and enterprise technology solutions
• Global Valuation Data and Analytics Strategy
• Lead, manage, and direct the strategies for actuarial data needs, governance, and utilization, communicating and productionizing core datasets to enable Global Valuation as well as downstream users with their data and analytic needs. Ensure high data quality and accessibility
• Provide thought leadership for developing, enforcing, and maintaining best practices in the data and analytics space as well as identifying and driving enhancements of core datasets available for value-added use. In collaboration with Global IT, select and maintain architecture and tools that support cloud-based analytics for speed, scale, and stability. Drive adoption for efficiency and re-usability
• Innovative Technologies Adoption and Support
• Champion the adoption of emerging technologies within the actuarial domain, such as AI, machine learning, and automation tools.
• Stay abreast of technological advancements and assess their viability and impact on actuarial practices
• Actuarial Technology Insurance Industry Advocate
• Represent the company in industry forums and conferences, advocating for technological advancements in the actuarial field.
• Build and maintain relationships with technology providers, industry leaders, and regulatory bodies
• Leadership - Talent Management
• Act as a key advisor to the EVP & Chief Financial Actuary and other actuarial areas. Actively engage as part of the Global Valuation Leadership Team. Provide leadership and guidance in the development of strategies, goals, and objectives
• Leads, manages, and directs the activities of the department in all aspects of supervisory duties, including, developing effective people strategies, hiring, training, evaluating, coaching, and disciplining direct reports. Fosters a positive and engaged work environment and culture. Mentors associates and provides guidance on associate development

Requirements

• Bachelor's degree in Math, Finance, Statistics, Actuarial Science or related field
• 10+ years experience in life or health insurance or reinsurance with heavy emphasis on systems and technology.
• 5+ years experience in insurance/reinsurance financial reporting (GAAP, Stat, Tax)
• Expert ability in implementing change within an organization, ensuring understanding, participation, and ownership
• Highly advanced oral and written communication skills including presentation skills, demonstrating the ability to convey information in a way that is meaningful and well received by stakeholders and team members
• Highly advanced ability to adapt new methods; work under tight deadlines and stressful conditions
• Expert skills in managing multiple projects and/or sub-teams simultaneously
• Expert ability to work well within and manage a team
• Expert ability to foster a teamwork and customer service focused environment
• Expert ability to liaise with individuals across a wide variety of operational, functional and technical disciplines
• Expert persuasion and negotiation skills when working with internal/external customers to resolve issues/problems
• Exceptional people management skills, demonstrating the ability to lead, mentor, and develop associates; including the ability to delegate key areas of responsibility
• Exceptional ability to make timely and effective decisions and produce results through strategic planning and the implementation and evaluation of programs and policies
• Exceptional ability to implement organizational, divisional, and/or departmental vision and goals that result in achievement and success through exceptional leadership skills, collaboration, creative thinking, maintaining focus and persistence, even under adversity, while maintaining the confidence of management and associates
• Expert understanding of Reinsurance product designs, pricing, administrative, accounting, and valuation requirements
• Expert understanding of the bases behind assumptions driving reinsurance pricing and valuation
• Expert PC skills and understanding of actuarial systems and technology - including spreadsheet, database, actuarial projection tools

Preferred:

• Advanced degree in financial-related field
• Fellowship, Society of Actuaries (FSA)
• Member, American Academy of Actuaries (MAAA)

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: $290,000 - $320,000 + bonus.