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Associate Actuary, Global Valuation
Rga Reinsurance Company - Chesterfield, MO
posted about 2 months ago
About the position
The Associate Actuary in Global Valuation at RGA plays a crucial role in enhancing the company's Asset Liability Management (ALM) model assumption governance framework. This position involves collaboration with various teams to support the development and standardization of actuarial assumptions, contributing to initiatives such as ALM, asset modeling, and corporate planning. The role is designed for individuals who thrive in a high-performance culture and are eager to tackle challenging and rewarding work in the life and health insurance sector.
Responsibilities
- Serve as a resource for the continued improvement of the formal ALS model assumption governance framework.
- Coordinate and contribute to the development, documentation, maintenance, and enhancement of processes, procedures, and controls associated with ALM assumption management.
- Develop expertise across all aspects of ALS assumptions application and act as a go-to resource for troubleshooting and answering questions from the reporting/analysis teams.
- Serve 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 accreditation.
- 6+ years of actuarial experience in the 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.
Nice-to-haves
- Reinsurance 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.
- Familiarity with life insurance company financial statements.
Benefits
- Annual bonus plan
- Participation in long-term equity incentive plan
- Full range of health benefits
- Retirement benefits
- Other employee benefits
