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RGA Reinsurance Company

Life and health reinsurance solutions

Associate Actuary - Valuation

Actuarial & Risk ModellingConfirmed live in the last 24 hours
Full-timeHamilton, BermudaNo salary listedHybrid

About the Job

Requirements

  • A Bachelor's degree in Arts/Sciences (BA/BS) in Actuarial Science, Mathematics, Finance, Computer Science, or a related field is required.
  • Fellow of the Society of Actuaries (FSA) or an equivalent actuarial designation, such as FIA or FASSA.
  • At least 6 years of actuarial experience in life insurance and/or reinsurance.
  • Advanced technical skills, including experience with databases (SQL, Oracle, Access, or equivalent), spreadsheets, actuarial modeling software (AXIS, Prophet, or equivalent), and analytical tools.
  • Advanced understanding of insurance financial reporting, valuation frameworks, and analysis techniques.
  • Advanced understanding of actuarial assumptions, experience studies, and assumption-setting methodologies.
  • Advanced oral and written communication skills, including the ability to explain complex technical concepts to diverse audiences.
  • Strong interpersonal and collaboration skills, with the ability to work effectively across actuarial, finance, risk, investment, accounting, and technology functions.
  • Advanced analytical, investigative, problem-solving, and critical-thinking skills.
  • Ability to work independently while contributing effectively within a team environment.
  • Ability to manage multiple priorities and meet deadlines in a dynamic environment.
  • Ability to balance attention to detail with broader business objectives.

Responsibilities

  • Serve as a technical resource to develop, implement, validate, maintain, and enhance actuarial valuation models and reporting infrastructure, including support for the company’s Scenario-Based Approach (SBA) and Asset Liability Management (ALM) frameworks.
  • Perform and analyze US GAAP and Bermuda Economic Balance Sheet (EBS) valuation results for life and annuity reinsurance, including capital metrics, value measures, financial planning projections, and key drivers of earnings and balance sheet performance.
  • Support assumption management activities, including experience studies, assumption reviews, updates, and related governance processes.
  • Maintain and enhance actuarial governance, documentation, processes, procedures, and controls to support a robust valuation and financial reporting framework.
  • Partner with business units and cross-functional stakeholders to improve valuation methodologies, financial reporting, and actuarial analysis.
  • Support strategic, departmental, and cross-functional projects, including ad hoc actuarial and financial analyses.
  • Remain current on actuarial developments, regulatory requirements, and industry trends relevant to life and annuity reinsurance.

Desired Qualifications

  • Reinsurance industry and product knowledge, such as life, health, and annuity products.
  • Experience with US GAAP Long-Duration Targeted Improvements (LDTI) and/or IFRS 17.
  • Advanced experience with Prophet, including the Asset Liability Strategy (ALS), US 360, US NA, GAAP, and/or cohort libraries.
  • Experience with the Bermuda Economic Balance Sheet (EBS), including the Scenario-Based Approach (SBA) and Bermuda Solvency Capital Requirement (BSCR).
  • Advanced project management skills, demonstrating an ability to leverage various resources and tools to reach a common goal.
  • Intermediate ability to use data visualization/workflow tools, such as Tableau and Alteryx.
  • Familiarity with life insurance company financial statements.

About the Company

RGA Reinsurance Company

Life and health reinsurance solutions

RGA Reinsurance Company helps insurers manage mortality, morbidity, longevity and financial risk. It provides life and health reinsurance, product development, underwriting, data, capital solutions and related expertise to insurance partners around the world. Teams analyze risk and structure agreements that support protection products without selling most policies directly to individual consumers. RGA operates as a specialist business-to-business reinsurer, working behind primary insurers to expand capacity, manage volatility and develop financially sustainable coverage.

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