Assistant Actuary

You desire impactful work.
 

You’re RGA ready

RGA is a purpose-driven organization working to solve today’s challenges through innovation and collaboration. A Fortune 500 Company and listed among its World’s Most Admired Companies, we’re the only global reinsurance company to focus primarily on life- and health-related solutions. Join our multinational team of intelligent, motivated, and collaborative people, and help us make financial protection accessible to all.

Position Overview

The Assistant Actuary - Structured Finance supports capital management functions of Structured Finance, including the design and reporting of reinsurance transactions supporting regulatory capital of insurance entities and rating agency capital of the organization. Supports the development and management of tools to enhance collateral management information critical to the support of capital management reinsurance agreements, and the generation of ancillary fee income. Supports group regulatory reporting, including group capital and liquidity stress testing.

Responsibilities

• Supports development of new deal/entity models for proposed and new transactions.
• Completes quarterly reporting for Structured Finance transactions, including preparation of schedules and review of results.  Serves as substitute with respect to RGA systems used in quarterly reporting as needed.
• Supports updating of deal/transaction models, including incorporating actual results with new projections as needed.
• Supports statutory reporting requirements for Structured Finance captive entities and companies, including but not limited to preparation of supporting documentation for Actuarial Opinion and Memoranda.
• Supports RGA group regulatory reporting, including assisting with the preparation and/or review of capital calculations and liquidity stress testing and with the preparation of summary reports.
• Provides support to Corporate Modeling, Valuation and Financial Analysis, Tax, Treasury, and others as necessary to understand the impact of these transactions in their models.
• Partners with business units and other corporate areas to review and implement valuation and reporting processes for new transactions.
• Enhances the value of collateral management by developing and maintaining tools used to provide insights into the level and type of unencumbered assets currently and on a projected basis.
• Performs valuation work and ad-hoc department projects as needed and called upon.

Requirements

• Bachelor’s Degree in Math, Finance, Actuarial Sciences, Statistics or related field
• 3+ Years of actuarial experience in life insurance/reinsurance      
• 4+ Years of actuarial experience in life insurance/reinsurance and/or 3+ years actuarial experience in valuation and/or financial reporting preferred         
• ASA designation required
• MAAA accreditation preferred
• Advanced PC and technical skills, including database applications (Access, Oracle, SQL or equivalent technology), data analytics (Alteryx, PowerBI), spreadsheets, statistical programs and actuarial software (MoSes, TAS, AXIS, or equivalent)
• Ability to multi-task and meet tight deadlines. Ability to balance detail with departmental goals/objective
• Advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received by all stakeholders, including customers and associates.
• Advanced interpersonal skills, demonstrating the ability to work effectively with different disciplines, including pricing, finance, accounting, systems, and administration
• Competent project management skills. Demonstrates an ability to evaluate project objectives and scope for feasibility and understanding. Complex analytical and problem solving skills.       
• Advanced ability to model various insurance products and reinsurance structures.           
• Ability to work independently and to work well within a team environment and participate in department projects.
• Advanced knowledge of life, health, and/or annuity products preferred
• Advanced knowledge of GAAP, Statutory, and Tax valuation and financial reporting; Advanced understanding of US GAAP SFAS 60 and LDTI preferred
• Advanced understanding of US and/or International Statutory reserving requirements preferred
• Reinsurance industry and product knowledge preferred

What you can expect from RGA:

• Gain valuable knowledge from and experience with diverse, caring colleagues around the world.

• Enjoy a respectful, welcoming environment that fosters individuality and encourages pioneering thought.

• Join the bright and creative minds of RGA, and experience vast, endless career potential.

Compensation Range:

Base pay varies depending on job-related knowledge, skills, experience and market location. In addition, RGA provides an annual bonus plan that includes all roles and some positions are eligible for participation in our long-term equity incentive plan. RGA also maintains a full range of health, retirement, and other employee benefits.

RGA is an equal opportunity employer. Qualified applicants will be considered without regard to race, color, age, gender identity or expression, sex, disability, veteran status, religion, national origin, or any other characteristic protected by applicable equal employment opportunity laws.