Associate Actuary, Inforce Management
Position OverviewRGA Empowers Employees.
It's one thing to hire smart people, it's another to empower them.
This is one of the most important differences between RGA and its competitors.
RGA empowers its employees to use their intelligence and creativity to find solutions for its customers.
To be proactive in their approach to bringing value to our customers.
The Associate Actuary, Inforce Management supports the strategic pillar of creating value through our RGA's US Individual Life (USIL) inforce block.
Expands our capability to analyze performance of the business and provide meaningful insights to relevant stakeholders.
Works cross-functionally with Finance, Valuation, Operations, Risk Management, Underwriting, and others to improve profitability of the inforce block through support of various initiatives.
ResponsibilitiesUtilizes new technology and data sources (including third party data) to gather deep insights into the profitability of our business, and then disseminates that information concisely and effectively to other appropriate USIL stakeholdersSupports projects to improve the accuracy of our projections in collaboration with Valuation and Operations.
Performs analysis of claims volatility and potential anti-selection to support business and risk management functions in determining ideal use of retrocession for USMMReviews projections of post-level term business and identifies opportunities to improve returns, in collaboration with business development and pricing actuariesPerforms analysis of recapture opportunities as neededHelps client teams (Operations, Business Development, Pricing Actuaries) make informed business decisions with regard to inforce issues by providing robust analysis of historical and future profitability at appropriate levels of detailProvides support for regular management reporting and LDTI earnings analysis as neededFoster and energize positive collaboration with key stakeholders, such as pricing, business development, underwriting, new business initiatives, US/LA Risk Management, external clients, etc.
Presents work products through various outlets including internal meetings, industry meetings, and internal or external publications.
Support development of junior staff and drive team engagementParticipates in special projects, committees, meetings and client presentations as required.
RequirementsEducation and ExperienceRequired:
Bachelor's degree in Math, Finance, Actuarial Sciences, Statistics or related fieldFSA accreditation6
years of actuarial experience in life insurance and/or reinsurancePreferred:
Cross-functional project experienceSkills and AbilitiesRequired:
Advanced actuarial technical skillsAdvanced knowledge of life insurance productsIntermediate PC skills and intermediate understanding of actuarial systems - including spreadsheet, database, and actuarial toolsIntermediate to advanced understanding of reinsurance concepts and methodsAbility to model various insurance products and reinsurance structuresIntermediate ability to challenge and enhance analytical capabilitiesIntermediate understanding of GAAP, statutory and tax accounting and reportingAdvanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well receivedAdvanced investigative, analytical and problem solving skillsAbility to balance detail with departmental goals/objectivesAdvanced skills in customer relationship management and change managementAbility to translate business needs and problems into viable/accepted solutionsAbility to manage multiple projects simultaneouslyAbility to liaise with individuals across a wide variety of operational, functional, and technical disciplinesAdvanced persuasion and negotiation skills when working with internal/external customersAdaptable, self-starting, and team-orientedPreferred:
Advanced knowledge of RGA's reporting infrastructure (GARe, CFRI, etc.
)Familiarity with database applications.
Company OverviewReinsurance Group of America, Incorporated (NYSE:
RGA) is one of the largest global providers of life reinsurance, with offices around the world.
RGA delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, financial solutions, facultative underwriting and product development.
Our mission is to enhance our clients' prosperity by supporting their financial and risk management capabilities.
The general pay range for this position is $109,130 to $166,855 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 Reference:
US08810%58047475% %%insurance%% Recommended Skills Actuarial Science Adaptability Business Development Business Requirements Change Management Claim Processing Estimated Salary: $20 to $28 per hour based on qualifications.
It's one thing to hire smart people, it's another to empower them.
This is one of the most important differences between RGA and its competitors.
RGA empowers its employees to use their intelligence and creativity to find solutions for its customers.
To be proactive in their approach to bringing value to our customers.
The Associate Actuary, Inforce Management supports the strategic pillar of creating value through our RGA's US Individual Life (USIL) inforce block.
Expands our capability to analyze performance of the business and provide meaningful insights to relevant stakeholders.
Works cross-functionally with Finance, Valuation, Operations, Risk Management, Underwriting, and others to improve profitability of the inforce block through support of various initiatives.
ResponsibilitiesUtilizes new technology and data sources (including third party data) to gather deep insights into the profitability of our business, and then disseminates that information concisely and effectively to other appropriate USIL stakeholdersSupports projects to improve the accuracy of our projections in collaboration with Valuation and Operations.
Performs analysis of claims volatility and potential anti-selection to support business and risk management functions in determining ideal use of retrocession for USMMReviews projections of post-level term business and identifies opportunities to improve returns, in collaboration with business development and pricing actuariesPerforms analysis of recapture opportunities as neededHelps client teams (Operations, Business Development, Pricing Actuaries) make informed business decisions with regard to inforce issues by providing robust analysis of historical and future profitability at appropriate levels of detailProvides support for regular management reporting and LDTI earnings analysis as neededFoster and energize positive collaboration with key stakeholders, such as pricing, business development, underwriting, new business initiatives, US/LA Risk Management, external clients, etc.
Presents work products through various outlets including internal meetings, industry meetings, and internal or external publications.
Support development of junior staff and drive team engagementParticipates in special projects, committees, meetings and client presentations as required.
RequirementsEducation and ExperienceRequired:
Bachelor's degree in Math, Finance, Actuarial Sciences, Statistics or related fieldFSA accreditation6
years of actuarial experience in life insurance and/or reinsurancePreferred:
Cross-functional project experienceSkills and AbilitiesRequired:
Advanced actuarial technical skillsAdvanced knowledge of life insurance productsIntermediate PC skills and intermediate understanding of actuarial systems - including spreadsheet, database, and actuarial toolsIntermediate to advanced understanding of reinsurance concepts and methodsAbility to model various insurance products and reinsurance structuresIntermediate ability to challenge and enhance analytical capabilitiesIntermediate understanding of GAAP, statutory and tax accounting and reportingAdvanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well receivedAdvanced investigative, analytical and problem solving skillsAbility to balance detail with departmental goals/objectivesAdvanced skills in customer relationship management and change managementAbility to translate business needs and problems into viable/accepted solutionsAbility to manage multiple projects simultaneouslyAbility to liaise with individuals across a wide variety of operational, functional, and technical disciplinesAdvanced persuasion and negotiation skills when working with internal/external customersAdaptable, self-starting, and team-orientedPreferred:
Advanced knowledge of RGA's reporting infrastructure (GARe, CFRI, etc.
)Familiarity with database applications.
Company OverviewReinsurance Group of America, Incorporated (NYSE:
RGA) is one of the largest global providers of life reinsurance, with offices around the world.
RGA delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, financial solutions, facultative underwriting and product development.
Our mission is to enhance our clients' prosperity by supporting their financial and risk management capabilities.
The general pay range for this position is $109,130 to $166,855 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 Reference:
US08810%58047475% %%insurance%% Recommended Skills Actuarial Science Adaptability Business Development Business Requirements Change Management Claim Processing Estimated Salary: $20 to $28 per hour based on qualifications.
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