Actuary, In Force & Risk Management, Global Financial Solutions
Position Overview Reinsurance in itself is unique.
It's a specialized segment of the industry that's exciting and not bound by the same conservative restrictions of the direct market.
RGA is proud to lead the reinsurance industry, but the company also is thinking beyond this segment.
RGA is focused on leading the entire life and health insurance space.
As Actuary in our Inforce & Risk Management area, you will contribute to the completion of key projects in Global Financial Solutions, and often serving as a Project Lead.
As part of a collaborative team environment, you will perform risk management analyses by reviewing and/or developing appropriate financial results and projections of potential or existing reinsurance transactions.
Responsibilities Responsible for inforce and risk management of North America asset intensive transactions, monitor experience and ensure risks taken are appropriate for benefits receivedManage crediting rate and other non-guaranteed elements and advise clients when appropriateResponsible for various regular internal and external projects and deliverables, with the ability to review work with little to no oversightDevelops and/or reviews financial results and projections for potential or existing reinsurance transactions.
Leads/assists with the assessment of financial results and projections for communication to division and/or company management.
Works to ensure that the risks for all assigned deals have been modeled in a reasonable, accurate, and repeatable manner.
Monitors in force transactions to maximize value and ensure risks taken are appropriate for the benefits received.
Provides assistance, as appropriate and directed, with the training of new personnel.
Fosters positive relationships with key stakeholders (ex.
s:
marketing partners, clients, corporate departments).
Requirements Education and ExperienceRequired:
Bachelor's degree in Math, Finance, Actuarial Sciences, Statistics or related fieldFSA designationMinimum of 7 years of actuarial experience in life insuranceSkills and AbilitiesRequired:
Advanced PC and technical skills, including spreadsheets and actuarial software.
Highly advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well receivedHighly advanced investigative, analytical and problem solving skillsExpert ability to balance detail with departmental goals/objectivesAdvanced skills in customer relationship management and change managementHighly advanced ability to translate business needs and problems into viable/accepted solutionsHighly advanced ability to manage multiple projects and/or teams simultaneouslyHighly advanced ability to liaise with individuals across a wide variety of operational, functional, and technical disciplinesHighly advanced persuasion and negotiation skills when working with internal/external customersAdvanced interpersonal skills, demonstrating the ability to work effectively with different disciplines, including pricing, investments, finance, valuation, tax, systems, and administration.
Advanced ability to model various insurance products and reinsurance structures.
Demonstrated ability to evaluate project objectives and scope for feasibility and understanding.
Expert knowledge of life, health, and/or annuity products.
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 celebrates 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 #222 on the 2022 Fortune 500 list.
The list ranks U.
S.
-based companies by total revenue.
RGA has been named to Fortune magazine's 2023 list of the World's Most Admired Companies.
RGA has approximately $3.
4 trillion of life reinsurance in force and assets of $84.
7 billion as of December 31, 2022.
RGA's culture stresses high performance and collaboration, and the company hires the smartest people in the industry.
And, the smart people they hire are not just number crunchers.
RGA values creativity and curiosity.
RGA also values humility, and its employees work together without ego to bring value to RGA while revolutionizing the life and health insurance space.
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.
We support hybrid and flexible ways of working and would welcome a discussion on how we can balance what is important to you with business requirements during the recruitment process.
Visit our 2022 Annual Review site, https:
//rgaannualreview.
com , to find out more about us.
The general pay range for this position is $129,200 to $197,515 per year.
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.
#LI-TS1#LI-REMOTEJob DetailReference numberUS08244Date posted23/06/2023writePostingDate(postingDate_posting_start_date, 2023-06-23 04:
00:
00, US/Eastern)Closing date30/09/2023writePostingDate(postingDate_posting_end_date, 2023-10-01 03:
59:
59, US/Eastern)LocationChesterfieldJob FunctionsActuarialWork LocationChesterfield MO Recommended Skills Actuarial Science Administration Business Requirements Change Management Communication Customer Relationship Management Estimated Salary: $20 to $28 per hour based on qualifications.
It's a specialized segment of the industry that's exciting and not bound by the same conservative restrictions of the direct market.
RGA is proud to lead the reinsurance industry, but the company also is thinking beyond this segment.
RGA is focused on leading the entire life and health insurance space.
As Actuary in our Inforce & Risk Management area, you will contribute to the completion of key projects in Global Financial Solutions, and often serving as a Project Lead.
As part of a collaborative team environment, you will perform risk management analyses by reviewing and/or developing appropriate financial results and projections of potential or existing reinsurance transactions.
Responsibilities Responsible for inforce and risk management of North America asset intensive transactions, monitor experience and ensure risks taken are appropriate for benefits receivedManage crediting rate and other non-guaranteed elements and advise clients when appropriateResponsible for various regular internal and external projects and deliverables, with the ability to review work with little to no oversightDevelops and/or reviews financial results and projections for potential or existing reinsurance transactions.
Leads/assists with the assessment of financial results and projections for communication to division and/or company management.
Works to ensure that the risks for all assigned deals have been modeled in a reasonable, accurate, and repeatable manner.
Monitors in force transactions to maximize value and ensure risks taken are appropriate for the benefits received.
Provides assistance, as appropriate and directed, with the training of new personnel.
Fosters positive relationships with key stakeholders (ex.
s:
marketing partners, clients, corporate departments).
Requirements Education and ExperienceRequired:
Bachelor's degree in Math, Finance, Actuarial Sciences, Statistics or related fieldFSA designationMinimum of 7 years of actuarial experience in life insuranceSkills and AbilitiesRequired:
Advanced PC and technical skills, including spreadsheets and actuarial software.
Highly advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well receivedHighly advanced investigative, analytical and problem solving skillsExpert ability to balance detail with departmental goals/objectivesAdvanced skills in customer relationship management and change managementHighly advanced ability to translate business needs and problems into viable/accepted solutionsHighly advanced ability to manage multiple projects and/or teams simultaneouslyHighly advanced ability to liaise with individuals across a wide variety of operational, functional, and technical disciplinesHighly advanced persuasion and negotiation skills when working with internal/external customersAdvanced interpersonal skills, demonstrating the ability to work effectively with different disciplines, including pricing, investments, finance, valuation, tax, systems, and administration.
Advanced ability to model various insurance products and reinsurance structures.
Demonstrated ability to evaluate project objectives and scope for feasibility and understanding.
Expert knowledge of life, health, and/or annuity products.
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 celebrates 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 #222 on the 2022 Fortune 500 list.
The list ranks U.
S.
-based companies by total revenue.
RGA has been named to Fortune magazine's 2023 list of the World's Most Admired Companies.
RGA has approximately $3.
4 trillion of life reinsurance in force and assets of $84.
7 billion as of December 31, 2022.
RGA's culture stresses high performance and collaboration, and the company hires the smartest people in the industry.
And, the smart people they hire are not just number crunchers.
RGA values creativity and curiosity.
RGA also values humility, and its employees work together without ego to bring value to RGA while revolutionizing the life and health insurance space.
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.
We support hybrid and flexible ways of working and would welcome a discussion on how we can balance what is important to you with business requirements during the recruitment process.
Visit our 2022 Annual Review site, https:
//rgaannualreview.
com , to find out more about us.
The general pay range for this position is $129,200 to $197,515 per year.
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.
#LI-TS1#LI-REMOTEJob DetailReference numberUS08244Date posted23/06/2023writePostingDate(postingDate_posting_start_date, 2023-06-23 04:
00:
00, US/Eastern)Closing date30/09/2023writePostingDate(postingDate_posting_end_date, 2023-10-01 03:
59:
59, US/Eastern)LocationChesterfieldJob FunctionsActuarialWork LocationChesterfield MO Recommended Skills Actuarial Science Administration Business Requirements Change Management Communication Customer Relationship Management Estimated Salary: $20 to $28 per hour based on qualifications.
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