What are the responsibilities and job description for the Senior Actuarial Assistant, ALM Modeling position at Reinsurance Group of America, Incorporated?
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 200 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
The Senior Actuarial Assistant supports actuarial modeling, projection, analysis as well as automation for the Inforce Management of Financial Solution Products of RGA’s US Individual Markets (USIM).
Responsibilities
$76,100.00 - $108,050.00 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.
You’re RGA ready
RGA is a purpose-driven organization working to solve today’s challenges through innovation and collaboration. A Fortune 200 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
The Senior Actuarial Assistant supports actuarial modeling, projection, analysis as well as automation for the Inforce Management of Financial Solution Products of RGA’s US Individual Markets (USIM).
Responsibilities
- Runs actuarial projections for different model assumptions and input variables
- Validates and analyzes projection results
- Assists automation of quarterly asset liability management (ALM) process
- Supports development and quarterly updates of Fair Value Liability Hedging program
- Support the stochastic effective durations and key rate durations for the interest rate sensitive Financial Solutions products
- Help develop and maintain the monitoring and reviewing processes and reports of actual settlement versus assumptions for various life products
- Assists with the development of the annual USIM financial plan
- Builds and maintains strong relationships with other USIM and Inforce Management team members
- Participates in key unit and ad-hoc department projects as needed
- Maintains regular and predictable attendance
- Performs other duties as required
- Bachelor’s degree in Actuarial Sciences, Math, Finance, Statistics, or related field
- Progress towards actuarial designation with at least 5 actuarial exams completed
- At least 2 years of actuarial experience in life insurance/reinsurance
- Intermediate PC and technical skills, including database applications (Access, SQL, or equivalent technology), spreadsheets, statistical programs and actuarial software (Prophet or equivalent), programming experience in Python and VBA
- Competent knowledge and understanding of actuarial ALM and risk management concepts
- Competent knowledge and understanding of key insurance-related concepts, including life and annuity products, reinsurance contracts, and basic GAAP, Statutory, and tax accounting principles
- Ability to compile, analyze, refine, and interpret large amounts of financial data/results and model projections
- Ability to be flexible when needed, take initiative, and demonstrate accountability
- Intermediate oral and written communication skills, demonstrating the ability to share and impart knowledge
- Ability to set goals and prioritize workload
- Intermediate investigative, analytical, and problem--solving skills
- Ability to work well within a team environment and participate in department/team projects
- Ability to balance detail with departmental goals/objectives
- Intermediate interpersonal skills
- Ability to translate business needs and problems into viable/accepted solutions
- Ability to foster customer service as needed
- Ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines and work well with all levels of management
- General business knowledge
- Master’s degree in Actuarial Science, Math, Finance, Statistics, or related field
- Modeling and insurance/reinsurance experience
- 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.
$76,100.00 - $108,050.00 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.
Salary : $76,100 - $108,050