Valuation Actuary

Reinsurance Group of America, Incorporated; Toronto; On-site; CAD 131,000 - 164,000; Full time

Job summary

A leading global reinsurance company seeks an Actuary to implement IFRS 17 under the Global Valuation project. This role requires extensive experience in the insurance sector and involves engaging with stakeholders to ensure compliance with new standards, along with the validation of financial models.

Benefits

Annual bonus plan

Variety of health and retirement benefits

Long-term equity incentive plan

Qualifications

• Minimum of eight years of experience in the insurance or reinsurance industry.
• Advanced understanding of IFRS 17 standards.
• Experience with FIS IFRS 17 Group Calculation Library or equivalent.

Responsibilities

• Interpret and apply IFRS 17 for impacted legal entities.
• Support model validation and regulatory reports.
• Train RGA associates on IFRS 17.

Skills

Interpersonal skills

Analytical skills

Problem solving

Communication skills

Organizational skills

Tools

MS Office Suite

SQL

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.

Position Overview

Reporting to VP & Actuary, Project ARIS under Global Valuation, the Actuary assumes an important role in the implementation of IFRS 17 as part of the Global Project ARIS.

Responsibilities

• Act as a subject matter expert on interpreting and applying the new IFRS 17 accounting standard for all impacted legal entities.
• Support local teams by performing sample cash flows and reserve recalculation as part of the internal controls over the end-to-end process.
• Support Prophet IFRS 17 model validation, development, and adoption; and act as a liaison with FIS to manage the model development needs.
• Provide support in the preparation of the local regulatory reports (e.g. quantitative impact studies) and material for local Board meetings.
• Actively engage with other key stakeholders, including central team, regional team and local offices, to ensure consistent implementation across all impacted legal entities.
• Collaborate with the Finance department in the development of the new financial reports and other disclosure presentations.
• Provide training and educate other RGA associates on IFRS 17.
• Performs other ad-hoc duties as needed.

Requirements

• Minimum of eight years of insurance and / or reinsurance industry experience
• Advanced understanding of IFRS 17 standards
• Advanced working experience with FIS IFRS 17 Group Calculation Library, or equivalent experience
• Demonstrated interpersonal skills; ability to build professional relationship with various departments and stakeholders across the organization
• Advanced analytical and problem solving skills
• Ability to work independently and to work well within a team environment
• Good understanding of international regulatory or economic capital requirements (Solvency II, Principles Based Economic Capital, etc.)
• Excellent oral and written communication skills including presentation skills, demonstrating the ability to convey information in a way that is meaningful and well received by stakeholders and team members
• Advanced ability to adapt to new methods and work under tight deadlines.
• Advanced technical, analytical and problem-solving skills
• Expert ability to manage multiple projects simultaneously.
• Advanced skill with MS Office suite and SQL
• Sense of organization and the attention to details
• Ability to make timely and effective decisions
• Ability to manage multiple and cross functional projects simultaneously
• Good team spirit
• Ability to work online, either at home or remotely

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 :

131,100.00 - $163,900.00 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.