Senior Actuarial Associate, Valuation

Reinsurance Group of America, Incorporated; Kuala Lumpur; On-site; MYR 60,000 - 120,000; Full time

Job summary

Reinsurance Group of America, Incorporated invites an experienced actuary to manage corporate reporting, valuation bases, and financial projections. The role provides exposure to management reporting, asset-liability management, and risk assessment within a multinational team.

The ideal candidate holds a BA/BS in actuarial science or mathematics with 4+ years in life insurance/reinsurance, proficiency in AXIS/Prophet, Excel, and strong communication.

Qualifications

• Bachelor’s Degree in actuarial science or mathematics.
• 4+ years actuarial experience in life insurance/reinsurance with GAAP/statutory reporting knowledge.
• Knowledge of GAAP and statutory reporting (or IFRS17).
• Experience with actuarial software (e.g., AXIS, Prophet) and Excel/VBA.
• Strong analytical/data management and attention to detail.
• Ability to collaborate in a team or work independently on multiple projects.

Responsibilities

• Support US GAAP (e.g., LDTI) and US STAT (e.g., Principles Based Reserving), local statutory, and management reporting.
• Support the quarterly LDTI valuation reporting process.
• Support monthly hard and soft close reporting.
• Assist in valuation process improvement for efficiency.
• Support assumption reviews and basis changes with impact analysis.
• Ensure controls and audit checks on valuation data and bases.
• Collaborate with Finance, Administration and Pricing teams.

Skills

Actuarial experience

GAAP knowledge

Excel VBA

Analytical skills

Communication skills

Project management

Education

BA/BS in actuarial science or mathematics

Tools

AXIS

Prophet

Job description

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 200 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.

A Brief Overview

The successful candidate will be responsible for corporate reporting for the business, covering a wide range of valuation bases, financial metrics and business projections as required by the company, and also other areas of actuarial practice like assumptions. The role will provide the candidate with broad exposure to various management reporting and actuarial valuation knowledge. This role also includes managing other areas of practice like process / control enhancement, financial projections for capital management, asset-liability management and risk management purposes. Communication with pricing, finance and risk teams are components of the role.

What you will do:

• Support the reporting requirements for US GAAP (e.g. LDTI) and US STAT (e.g. Principles Based Reserving), local statutory, and the analysis for management reporting.
• Support the quarterly LDTI valuation reporting process.
• Support the monthly reporting for hard and soft closing.
• Assist in valuation process improvement to achieve higher level of operational efficiency.
• Support assumption reviews and basis changes and communicate appropriate impact results and financial analytics.
• Compliance controls and audit checks on the valuation data and bases.
• Work closely with Finance, Administration and Pricing Teams to achieve goals.

Qualifications:

• Bachelor’s Degree in Arts/Sciences (BA/BS) in actuarial science or in mathematics.
• 4+ Years of actuarial experience in life insurance/reinsurance, preferably on valuation or financial reporting with the knowledge of GAAP and statutory reporting (or IFRS17).
• Knowledge of actuarial software (e.g., AXIS, Prophet) and a good understanding of Excel and VBA.
• Good analytical and data management skills as well as work attitudes to details and ability to manage multiple projects simultaneously.
• Highly motivated, conceptual thinker who is able to collaborate in a team environment or work independently and own a wide variety of assignments.
• Good problem-solving ability to translate business needs into acceptable solutions.
• Good oral and written communication skills.
• Fully or close to qualified Fellow with one of the recognized international actuarial associations (FSA, FIA, FIAA, etc).

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.

We’re excited to get to know you and connect your unique skills with our global opportunities. To create a modern and seamless experience, we use artificial intelligence (AI) in parts of our preliminary screening process. This technology helps us personalize job recommendations, automate interview scheduling, evaluate candidates based solely on experience without considering name, gender, or other personal details and provide real-time answers through our chatbot. AI is used only during early screening and never makes hiring decisions. Your RGA recruiter will work closely with you every step of the way to ensure the process feels personal, thoughtful, and focused on you.