Actuary, Corporate Modeling

The Actuary, Corporate Modeling will contribute to a wide range of enterprise-wide modeling initiatives, including embedded value, economic and required capital, earnings volatility, own risk and solvency assessment, and short-term financial planning. It involves extensive interaction with other RGA departments and offices to ensure that work products are accurate, reliable, and completed in a timely fashion. This is an opportunity to learn about the risk management framework and develop knowledge of the wide variety of products and markets in the global portfolio.

• Provide technical expertise with respect to initiatives including economic capital, embedded value, Own Risk and Solvency Assessment scenario analysis, earnings volatility, and financial planning
• Serve as a flexible resource contributing to initiatives as needed
• Work to ensure that all lines of business and company risks have been modeled in a reasonable, accurate, and repeatable manner
• Aid business segments with respect to validating and managing their projection data and projection models
• Work to enhance the Company’s projection and planning infrastructure
• Develop and execute project plans to meet department goals
• Contribute to special projects as requested by senior management
• Maintain regular and predictable attendance and perform other duties as required

• Bachelor’s degree in Actuarial Science, Math, Finance, Statistics or a related field
• FSA accreditation
• 7 years of actuarial experience in the life insurance industry
• Advanced ability to investigate, analyze and solve complex problems and issues
• Advanced actuarial technical skills including an ability to develop analytics to detect and explain sources of variation from expectations in terms of key drivers
• Advanced knowledge of life, health, and annuity products
• Advanced ability to model various insurance products and reinsurance structures
• Advanced knowledge of GAAP, Statutory, and Tax valuation and financial reporting
• Advanced PC skills and understanding of actuarial systems – including spreadsheets, databases, and actuarial projection tools
• Advanced project management skills, demonstrating an ability to leverage various resources and tools to reach a common goal
• Ability to influence large global team to work together in delivering results
• Ability to work well both independently and within a team environment
• Ability to simultaneously contribute to multiple projects while meeting deadlines
• Advanced ability to adapt to new methods
• Ability to foster a teamwork and customer service focused environment
• Advanced oral and written communication skills, demonstrating the ability to convey complex ideas in a way that is understandable to all stakeholders
• Advanced interpersonal skills, demonstrating the ability to work effectively with different disciplines, including pricing, valuation, investments, accounting and IT

Preferred:

• Prior experience with and ability to program in Prophet, VBA and SQL
• Reinsurance industry and product knowledge
• In depth understanding of embedded value methodologies, economic capital modeling, and local regulatory frameworks
• Familiarity with life insurance company financial statements
• CERA and MAAA accreditation
• Economic capital experience
• Reinsurance experience
• Experience with embedded value and Solvency II reporting

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.