Associate Actuary, ALM

Reinsurance Group of America, Incorporated; Missouri; Remote; USD 114,000 - 176,000; Full time

Job summary

Join a purpose-driven organization that values innovation and collaboration. In this high-profile role, you will contribute to the development and governance of the ALM framework, working closely with global teams to enhance risk management strategies. This position offers the opportunity to engage with diverse colleagues and tackle complex challenges in the life and health insurance sector. With a strong focus on personal and professional development, you will thrive in a supportive environment that encourages creativity and empowers you to make a meaningful impact.

Benefits

Annual bonus plan

Full range of health benefits

Retirement benefits

Employee equity incentive plan

Respectful and welcoming environment

Qualifications

• 6+ years actuarial experience in life insurance industry.
• Advanced experience with Prophet and ALM models.
• Ability to work independently and as part of a team.

Responsibilities

• Improve the formal ALM model and coordinate documentation.
• Develop tools to measure ALM exposures and market risks.
• Serve as a liaison with other departments for financial analysis.

Skills

Actuarial Science

Advanced Communication Skills

Analytical Skills

Problem-Solving Skills

Interpersonal Skills

Education

Bachelor’s degree in Actuarial Science, Math, Finance, or Statistics

FSA Certification

Tools

Prophet

SQL

Tableau

Alteryx

Access

Oracle

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 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

RGA’s culture stresses high performance and collaboration. We hire the smartest people in the industry and believe smart people work smarter when they’re empowered to use logic balanced with creativity and curiosity. RGA also values humility, and its employees work together without ego to bring value to RGA while revolutionizing the life and health insurance space. But more than anything, RGA employees love their jobs because it’s challenging and rewarding work. These are just a few of the attributes we are looking for in ALM.

This role will contribute to the development, improvement, and governance of the company’s ALM framework. Assignments will include supporting the development, documentation, and implementation of ALM strategy, and assisting with the development of actuarial models and frameworks to deliver actionable risk management decisions. This role will work closely with and collaborate with the Global Modeling, other Valuation teams, Global Risk, and Investments Teams. This high-profile role within the ALM area of Global Valuation involves exposure to the company’s global product portfolio and extensive interaction with associates in other departments and offices.

Responsibilities

• Serve as a resource for the continued improvement of the formal ALM model
• Coordinate and contribute to the development, documentation, maintenance, and enhancement of processes, procedures, and controls associated with ALM models
• Coordinate and contribute to the development of tools and methodologies to measure ALM exposures and market risks under various economic scenarios
• Develops expertise across all aspects of ALM and acts as a go-to resource for troubleshooting and answering questions coming from the reporting/analysis teams on these models and their uses.
• Serves as a liaison with other lines of business and company functions/departments to promote improvement in valuation and financial analysis for assigned business
• Develop and execute project plans to meet department goals
• Participate in department or cross-functional projects as needed and called upon
• Maintain regular and predictable attendance and perform other duties as required

Requirements

• Bachelor’s degree in Actuarial Science, Math, Finance, Statistics, or a related field
• FSA Certification
• 6+ years actuarial experience in life insurance industry
• Advanced experience with Prophet including the Asset Liability Strategy (ALS) library
• Advanced PC and technical skills, including database applications (Access, Oracle, SQL or equivalent technology), spreadsheets, and pivot tables
• Advanced oral and written communication skills, demonstrating the ability to convey complex ideas in a way that is understandable by all stakeholders
• Advanced interpersonal skills, demonstrating the ability to work effectively with different disciplines, including valuation, risk management, investments, finance, accounting, and information technology
• Advanced investigative, analytical, and problem-solving skills.
• Knowledge of life, health, and annuity products
• Knowledge of GAAP, Statutory and Tax valuation, and financial reporting
• Ability to work well both independently and within a team environment
• Ability to simultaneously contribute to multiple projects and meet agreed deadlines
• Ability to balance detail with department goals and objectives

Preferred

• Reinsurance industry experience
• Experience with US GAAP long-duration targeted improvements and/or IFRS 17
• Advanced project management skills, demonstrating an ability to leverage various resources and tools to reach a common goal
• Intermediate ability to use data visualization/workflow tools, such as Tableau and Alteryx
• Experience as a Product Owner or with supporting IT development from the business side.
• Knowledge of one or more actuarial modeling systems
• Reinsurance industry and product knowledge
• In depth understanding of US Statutory
• Familiarity with life insurance company financial statements

#LI-REMOTE #LI-SP2

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:

$114,750.00 - $175,450.00 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.