Position Overview
Assist in performing pricing, modeling, risk analysis, structuring, and other activities related to specific new business development opportunities for the Global Financial Solutions business unit.
Responsibilities
Assist in the pricing, modeling, risk analysis, and structuring activities on new or proposed transactions, or amendments to existing transactions, for the Global Financial Solutions business unit in a timely manner consistent with applicable standards as it relates to GFS business in Asia.
Assess and analyze risk exposure in potential transactions.
Review and provide feedback, in a timely manner, the work including data, assumptions, modelling, sensitivity testing and documentation of other actuaries as appropriate across all GFS business lines and specifically on projects in the relevant area of responsibility.
Participate in ad-hoc department projects as needed.
Assist risk management and operations personnel with monitoring experience of in-force treaties.
Perform other duties as assigned.
Requirements
Required Qualifications and Attributes:
Bachelor's degree in Math, Finance, Statistics, Actuarial Science, Computer Science or related field
FIA, FSA, FIAJ, Equivalent Certification or expected completion in the next two years
4-6 years of actuarial experience in Life Insurance/Reinsurance experience
Demonstrated knowledge of life insurance, health insurance, third sector, longevity, and/or annuity products
Experience with actuarial modeling software
Good oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received
Strong investigative, analytical and problem-solving skills
Ability to balance detail with departmental goals/objectives
Ability to translate business needs and problems into viable/accepted solutions
Ability to manage multiple projects and/or teams simultaneously
Preferred Qualifications and Attributes:
Advanced quantitative degree or designation
Reinsurance industry experience
Product design / pricing experience OR ALM / risk management experience (requirements vary with job level)
Financial reinsurance, asset-intensive, or longevity pricing experience
Knowledge of key financial reporting, accounting, and solvency regimes, including (but not limited to): US GAAP (including FAS 97, FAS 91, FAS 133, FAS 157, and SOP 03-1), US Statutory, and US tax; IFRS; MCEV / EV / EEV; and Solvency II.
Ability to model various insurance products and reinsurance structures.
Knowledge of life insurance, health insurance, longevity, and/or annuity products
PC and technical skills including (but not limited to): spreadsheets (VBA), database applications (Access, Oracle, SQL or equivalent technology), statistical programs, and one or more computing languages (ex: C/C++)
Expertise in MoSes, TAS10, TAS
- 5, and/or AXIS
Ability to challenge and enhance our analytical capabilities
Understanding of asset modeling and ALM techniques, including derivatives, and capital markets approaches
Company Overview
Reinsurance Group of America, Incorporated (NYSE: RGA), a Fortune 500 company, is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. With headquarters in St. Louis, Missouri, and operations around the world, RGA delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, facultative underwriting, product development, and financial solutions.
RGA has been named to Fortune magazines 2024 list of the Worlds Most Admired Companies, an acknowledgement that reflects our legacy of innovation, dedicated client focus, community responsibility, commitment to diversity, and long-term value creation. RGA has approximately $3.7 trillion of life reinsurance in force as of December 31, 2023. To learn more about RGA and its businesses, visit www.rgare.com.
RGAs Commitment to Diversity, Equity, and Inclusion
RGA aims to evolve RGA workplaces and the communities in which RGA has a presence, into more diverse, equitable and inclusive environments. We will create a culture where individuals are valued, feel a sense of belonging, and are respected for their differences a workplace where all employees are encouraged and supported to reach their full potential.
Our individual, social, economic, and cultural identities shape and influence our experiences and perspectives. Therefore, to do our best work RGA will ensure diversity in our workforce across the various dimensions of social, interpersonal, and cultural identity and by practicing inclusivity in how we work with one another. Inclusion in our workplace is a step towards our purpose of making financial protection accessible to all.
Job Reference: AS03216
