Associate Actuary, Pricing, Americas Financial Solutions

Reinsurance Group of America, Incorporated; Toronto; On-site; CAD 113,000 - 142,000; Full time

Job summary

A leading global reinsurance company seeks an Associate Actuary for their Pricing department. This role involves pricing, risk analysis, and collaboration on new business opportunities within the Americas Financial Solutions team. Ideal candidates will have a strong actuarial background complemented by excellent analytical and communication skills, and a commitment to innovation in the insurance sector.

Benefits

Annual bonus plan

Comprehensive health benefits

Retirement savings plan

Qualifications

• 6+ years of actuarial experience in life insurance/reinsurance.
• FSA designation required.
• Experience with risk analysis and financial modeling.

Responsibilities

• Perform pricing, modeling, and analysis for new transactions.
• Assess risk exposure and prepare detailed pricing analysis reports.
• Collaborate with business development to meet client needs.

Skills

Analytical Skills

Communication

Problem-Solving

Education

Bachelor's degree in math, finance, statistics, actuarial science, or related field

Tools

Actuarial modeling software

Job description

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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

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.

Overview

The Associate Actuary, Pricing performs pricing, modeling, analysis, structuring, and other activities related to specific new business development opportunities for the Americas Financial Solutions business unit.

Key Responsibilities

• Perform pricing, modeling, analysis, and structuring activities on new or proposed transactions, or amendments to existing transactions, for the Financial Solutions business unit in a timely manner consistent with applicable standards.
• Assess and analyze risk exposure in potential transactions and prepare documentation of these risks in detailed pricing analysis reports.
• Develop and maintain adequate and timely documentation of professional work that complies with relevant ASOPs.
• Work with RGA's business development and market transaction services colleagues to determine client needs and objectives, understand and analyze client information, and design terms and structures of transactions to meet those needs and objectives.
• Assist business development associates by building proof-of-concept models for new opportunities or new reinsurance solutions for our clients.
• Perform peer review on the work of other actuaries.
• Update documentation of 'Financial Solutions' pricing methodology, parameters, and procedures. Recommend, implement, and document enhancements to the pricing process.
• Set realistic and achievable deadlines for modeling, analysis, and other new business development activities. Complete required tasks accurately within those deadlines. Drive the design of reinsurance transactions and lead discussions on risk issues with internal and external clients. Provide updates on ongoing progress to team leadership and other Financial Solutions colleagues.
• Assist risk management personnel with transition of new treaties to in-force monitoring and management
• Participate in key unit and ad-hoc department projects as needed.
  
  

Candidate Requisites

Education & Experience

• Bachelor's degree in math, finance, statistics, actuarial science, computer science or related field
• FSA designation
• 6+ or more years of actuarial experience in life insurance/reinsurance
  
  

Preferred

• MAAA/FCIA or other local actuarial organization accreditation
• CFA designation
• Advanced quantitative degree or designation
• Reinsurance industry experience
• Merger and acquisition experience
• Product design / pricing experience OR ALM / risk management experience (requirements vary with job level)
• Financial reinsurance, asset-intensive, or longevity pricing experience
  
  

Skills & Abilities

• Demonstrated knowledge of life insurance, health insurance, longevity, and/or annuity products
• Ability to take ownership in projects and drive them to completion
• Experience with actuarial modeling software.
• Highly advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received
• Highly advanced investigative, analytical, and problem-solving skills
• Expert ability to balance detail with departmental goals/objectives
• Advanced skills in customer relationship management and change management
• Highly advanced ability to translate business needs and problems into viable/accepted solutions
• Highly advanced ability to manage multiple projects and/or teams simultaneously
• Highly advanced ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines
• Highly advanced persuasion and negotiation skills when working with internal/external customers
  
  

Preferred

• Advanced knowledge of key financial reporting, accounting, and solvency regimes, including (but not limited to) US GAAP (including FAS 97, FAS 91, FAS 133, FAS 157, and SOP 03-1), US Statutory, and US Tax; IFRS; MCEV / EV / EEV; and Solvency II.
• Advanced ability to model various insurance products and reinsurance structures.
• Advanced knowledge of life insurance, health insurance, longevity, and/or annuity products
• Advanced PC and technical skills including (but not limited to) spreadsheets (VBA), database applications (Access, Oracle, SQL or equivalent technology), statistical programs, and one or more computing languages
• Expertise in Moody’s AXIS, FIS Prophet or MG-ALFA
• Ability to challenge and enhance our analytical capabilities
• Understanding of asset modeling and asset-liability management techniques, including derivatives, and capital markets approaches
  
  

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

$113,050.00 - $141,300.00 Annual

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.

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Insurance

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