Job Description

Position Overview

RGAs culture stresses high performance and collaboration, and the company hires the smartest people in the industry. And, the smart people they hire are not just number crunchers. RGA values 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.

The Assistant Actuary, Non-Traditional Valuation is a strong contributor within a high performing group that performs financial reporting and analysis for a wide range of US and International products underlying RGAs Non-Traditional reinsurance treaties. Products include Variable and Fixed annuities, Fixed Index Annuities, SPIAs, and Longevity Swaps.

While the focus is on US GAAP reporting and planning, the role also includes production and analysis of other important metrics, including US Statutory reserves, Tax, Solvency II, ORSA, Cash Flow Testing, Economic Capital, and Embedded Value.

The role contributes to the enhancement of the financial models and infrastructure by developing and maintaining actuarial assumptions, methods, models and processes used within the valuation team.

Responsibilities

* Develops, maintains, and/or reviews actuarial assumptions, methods, and models in Prophet and other applications
* Performs detailed Statutory, Tax, and GAAP valuation work for assigned business, ensures these items are appropriately documented and posted, and assists with identifying changing requirements and adapting to maintain compliance
* Develops unbiased projections for financial planning and analysis and assists with communication of financial analytics and results in terms of major drivers of variance
* Serves as a liaison with other valuation, pricing, administration, systems, accounting, audit, and finance associates
* Performs valuation work and ad-hoc department projects as needed and called upon

Requirements
* Education and Experience

Required:

* Bachelors degree in Math, Finance, Actuarial Sciences, Statistics or related field
* ASA accreditation
* 3+ years actuarial experience in life insurance/reinsurance valuation and/or financial reporting (GAAP, Statutory, and Tax)

Preferred:

* MAAA accreditation
* Willingness to pursue FSA accreditation or equivalent
* 5+ years of actuarial experience in the life insurance/reinsurance industry
* Life insurance/reinsurance industry and product knowledge
* Familiarity with fixed income investments, understanding of asset modeling techniques and capital markets
* Experience with actuarial valuation or pricing models
* Experience with stochastic modeling and/or asset liability management experience
* Familiarity with deferred and immediate annuities, including equity-indexed and/or variable annuities
* Prior management experience
* Understanding of pension and other longevity products

Skills and Abilities

Required:

* Advanced PC and technical skills, including database applications (Access, Oracle, SQL or equivalent technology), spreadsheets, statistical programs and actuarial software (MoSes, Prophet, TAS, AXIS, or equivalent).
* Ability to multi-task and meet tight deadlines
* Ability to balance detail with departmental goals/objectives
* Advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received by all stakeholders, including customers and associates
* Advanced interpersonal skills, demonstrating the ability to work effectively with different disciplines, including pricing, finance, accounting, systems, and administration.
* Competent project management skills; demonstrates an ability to evaluate project
objectives and scope for feasibility and understanding.
* Advanced ability to model various insurance products and reinsurance structures
* Complex analytical and problem-solving skills
* Advanced knowledge of life insurance, longevity, institutional and/or annuity products
* Advanced knowledge of GAAP, Statutory, and Tax valuation and financial reporting
* Ability to work independently and to work well within a team environment and participate in department projects

Preferred:

* Expertise in Prophet and/or AXIS (or equivalent actuarial software)
* Advanced understanding of local regulatory environments and US GAAP accounting standards
* Expertise in Prophet with experience using the ALS library, at least 1 Liability library and preferred expertise in at least one of the summary or GAAP cohort libraries

Company Overview

Reinsurance Group of America, Incorporated (NYSE: RGA) is one of the largest global life and health reinsurance companies. With operations in 26 countries, we support our clients and partners around the world with innovative approaches and customized solutions. What do you think? Better yet, how do you think? Have we piqued your curiosity? Consider a career with RGA. Its the logical choice.

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