Senior Actuarial Associate, Pricing, Americas Financial Solutions

Reinsurance Group Of America, Incorporated; Toronto; Hybrid; CAD 115,000 - 140,000; Full time

Job summary

A leading global reinsurance company, RGA, seeks a Senior Actuarial Associate, Pricing to join its Toronto office. The role involves conducting pricing, modeling, and risk analysis for new business development in a collaborative and innovative environment. The ideal candidate will possess strong actuarial skills and experience in life and health insurance solutions.

Benefits

Annual bonus plan

Long-term equity incentive plan

Full range of health, retirement, and employee benefits

Qualifications

• 3 or more years actuarial experience in life insurance / reinsurance.
• ASA accreditation and 1 or more successfully completed exams towards FSA designation.

Responsibilities

• Perform pricing, modeling, and risk analysis for proposed transactions.
• Prepare detailed risk analysis reports for transactions.
• Conduct peer reviews on the work of other actuaries.

Skills

Analytical skills

Problem-solving skills

Communication skills

Interpersonal skills

Education

Bachelor’s Degree in Math, Finance, Actuarial Sciences, Statistics, Computer Science or related field

Tools

AXIS

Prophet

MG-ALFA

Job description

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 Senior Actuarial Associate, Pricing performs pricing, modeling, risk analysis, structuring, and other activities related to specific new business development opportunities for the Americas Financial Solutions line of business.

Location : Hybrid in-office or fully Remote work arrangement is offered. Relocation assistance may be offered to candidates open to moving to RGA's Toronto office.

Responsibilities

Assist to perform pricing, modeling, risk 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 risk analysis reports.

Perform key analysis on experience study and transactions.

Develop and maintain adequate and timely documentation of personal work that complies with relevant ASOPs.

Assist to build proof-of-concept models for new opportunities or new reinsurance solutions for our clients.

Perform peer review on the work of other actuaries.

Assist risk management personnel with monitoring experience of in-force treaties.

Participate in key unit and ad-hoc department projects as needed

Candidate Requisites

Bachelor’s Degree in Math, Finance, Actuarial Sciences, Statistics, Computer Science or related field

3 or more years actuarial experience in life insurance / reinsurance

Advanced knowledge of life insurance, health insurance, longevity, and / or annuity products would be preferred assets

Demonstrated understanding of key insurance-related concepts, including life and annuity products, reinsurance contracts, and basic GAAP, Statutory, and tax accounting principles

Advanced knowledge of key financial reporting, accounting, and solvency regimes, including (but not limited to) : US GAAP, US Statutory, and US tax; IFRS; MCEV / EV / EEV; and Solvency II would be preferred assets

Advanced PC and technical skills, including database applications, spreadsheets, statistical programs and actuarial software (AXIS, Prophet, MG-ALFA or equivalent. Expertise in AXIS and / or Prophet software would be ideal)

Modelling experience is preferred but not a requisite

Ability to quickly adapt to new methods, work under tight deadlines and stressful conditions

Advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received by all stakeholders

Demonstrates an ability to evaluate project

objectives and scope for feasibility and understanding

Advanced investigative, analytical and problem-solving skills

Ability to challenge and enhance our analytical capabilities is a preferred asset

Advanced interpersonal skills, demonstrating the ability to work effectively with different disciplines

Broad business knowledge

ASA accreditation and 1 or more successfully completed exams, towards the FSA designation (Life and Annuity track is ideal)

LI-DL1 #LI-REMOTE

Compensation offered varies according to candidate experience, education and credentials and will range between $115,000 and $140,000 CAD.

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.

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