Associate Actuary, Inforce Management

RGA Empowers Employees. It’s one thing to hire smart people, it’s another to empower them. This is one of the most important differences between RGA and its competitors. RGA empowers its employees to use their intelligence and creativity to find solutions for its customers. To be proactive in their approach to bringing value to our customers.

The Associate Actuary, Inforce Management supports the strategic pillar of creating value through our RGA’s US Individual Life (USIL) inforce block. Expands our capability to analyze performance of the business and provide meaningful insights to relevant stakeholders. Works cross-functionally with Finance, Valuation, Operations, Risk Management, Underwriting, and others to improve profitability of the inforce block through support of various initiatives.

• Utilizes new technology and data sources (including third party data) to gather deep insights into the profitability of our business, and then disseminates that information concisely and effectively to other appropriate USIL stakeholders
• Supports projects to improve the accuracy of our projections in collaboration with Valuation and Operations.
• Performs analysis of claims volatility and potential anti-selection to support business and risk management functions in determining ideal use of retrocession for USMM
• Reviews projections of post-level term business and identifies opportunities to improve returns, in collaboration with business development and pricing actuaries
• Performs analysis of recapture opportunities as needed
• Helps client teams (Operations, Business Development, Pricing Actuaries) make informed business decisions with regard to inforce issues by providing robust analysis of historical and future profitability at appropriate levels of detail
• Provides support for regular management reporting and LDTI earnings analysis as needed
• Foster and energize positive collaboration with key stakeholders, such as pricing, business development, underwriting, new business initiatives, US/LA Risk Management, external clients, etc.
• Presents work products through various outlets including internal meetings, industry meetings, and internal or external publications.
• Support development of junior staff and drive team engagement
• Participates in special projects, committees, meetings and client presentations as required.

Education and Experience

Required:

• Bachelor’s degree in Math, Finance, Actuarial Sciences, Statistics or related field
• FSA accreditation
• 6+ years of actuarial experience in life insurance and/or reinsurance

Preferred:

• Cross-functional project experience

Skills and Abilities

Required:

• Advanced actuarial technical skills
• Advanced knowledge of life insurance products
• Intermediate PC skills and intermediate understanding of actuarial systems – including spreadsheet, database, and actuarial tools
• Intermediate to advanced understanding of reinsurance concepts and methods
• Ability to model various insurance products and reinsurance structures
• Intermediate ability to challenge and enhance analytical capabilities
• Intermediate understanding of GAAP, statutory and tax accounting and reporting
• Advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received
• Advanced investigative, analytical and problem solving skills
• Ability to balance detail with departmental goals/objectives
• Advanced skills in customer relationship management and change management
• Ability to translate business needs and problems into viable/accepted solutions
• Ability to manage multiple projects simultaneously
• Ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines
• Advanced persuasion and negotiation skills when working with internal/external customers
• Adaptable, self-starting, and team-oriented

Preferred:

• Advanced knowledge of RGA’s reporting infrastructure (GARe, CFRI, etc.)
• Familiarity with database applications.

Reinsurance Group of America, Incorporated (NYSE: RGA) is one of the largest global providers of life reinsurance, with offices around the world. RGA delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, financial solutions, facultative underwriting and product development. Our mission is to enhance our clients’ prosperity by supporting their financial and risk management capabilities.

The general pay range for this position is $109,130 to $166,855 per year. 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.

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