The Actuarial Assistant will be a strong contributor within a high performing group. The focus of this position is on production and analysis of RGA’s global asset intensive reinsurance and direct business. The role also contributes to the enhancement of the financial models and infrastructure by developing and maintaining actuarial assumptions, methods, models, and processes used within the valuation team. It is expected that the successful candidate provides general valuation, financial analysis, and project assistance as needed.
The Non-Traditional Valuation team supports RGA’s Global Financial Solutions (GFS) business segment. The focus of the team is on building and maintaining the Valuation model, performing financial reporting and analysis, and assumption setting for the GFS business.
Direct issue and/or reinsurance products include:
Accumulation Annuity products such as RILA, Variable Annuities, Indexed Annuities, Fixed Annuities
Longevity Annuity products such as Pension Risk Transfer (PRT), SPIAs, DIAs, QLACs, Longevity Swaps
Institutional products such as BOLI, COLI, Stable Value Wraps, GICs
Life Protection products such as Whole Life, Endowments, Universal Life, Variable Life, Secondary Guarantee (ULSG)
Medical Coverage products such as LTC, Disability, Hospitalization, Surgery, Cancer
Responsibilities
Performs US GAAP, US Statutory and US Tax valuation for life and annuity reinsurance and direct businessDevelops, maintains, and/or reviews actuarial models in Prophet and other applications, including setting up and maintaining
assumptions
Develops actuarial models
Identifies, implements, and enhances governance and control infrastructure
Develops experience studies and makes recommendations on updating actuarial assumptions
Maintains and enhances documentation
Develops projections for financial planning and analysis and investigates major drivers of variance
Serves as a liaison with other lines of business and company functions/departments to promote improvement in valuation and financial analysis for assigned business
Performs valuation work and ad-hoc department projects as needed and called upon
Remains current in profession and industry trends
Requirements
Position Responsibilities:
Performs US GAAP, US Statutory and US Tax valuation for life and annuity reinsurance and direct business
Develops, maintains, and/or reviews actuarial models in Prophet and other applications, including setting up and maintaining appropriate assumptions
Develops actuarial models
Identifies, implements, and enhances governance and control infrastructure
Develops experience studies and makes recommendations on updating actuarial assumptions
Maintains and enhances documentation
Develops projections for financial planning and analysis and investigates major drivers of variance
Serves as a liaison with other lines of business and company functions/departments to promote improvement in valuation and financial analysis for assigned business
Performs valuation work and ad-hoc department projects as needed and called upon
Remains current in profession and industry trends
Maintains regular and predictable attendance
Performs other duties as required
Required Qualifications:
1 SOA ASA-level exams passed
0 years of actuarial experience in life insurance/reinsurance
PC and technical skills, including database applications (Access, Oracle, SQL, or equivalent), spreadsheets, statistical programs, and actuarial software (AXIS, Prophet, or equivalent)
Understanding of local reporting and regulatory environments
Understanding of insurance financial metrics and analysis techniques
Preferred Qualifications:
MAAA accreditation
Management experience
Bachelor’s degree in Math, Finance, Computer Science, or related field
Company Overview
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Seniority level
Not Applicable
Employment type
Full-time
Job function
Finance and Sales
Industries
Insurance and Financial Services
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