Sr. Actuarial Assistant, Non-Traditional Valuation

Found in: Talent US C2 - 2 weeks ago


Chesterfield, United States Reinsurance Group of America Full time

Position Overview

The Sr. Actuarial Assistant will be a strong contributor within a high performing group. The focus of this position is on production and analysis of RGA's global asset intensive reinsurance and direct business. The role also 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. It is expected that the successful candidate provides general valuation, financial analysis, and project assistance as needed.

The Non-Traditional Valuation team supports RGA's Global Financial Solutions (GFS) business segment. The focus of the team is on building and maintaining the Valuation model, performing financial reporting and analysis, and assumption setting for the GFS business.

Direct issue and/or reinsurance products include:
Accumulation Annuity products such as RILA, Variable Annuities, Indexed Annuities, Fixed Annuities Longevity Annuity products such as Pension Risk Transfer (PRT), SPIAs, DIAs, QLACs, Longevity Swaps Institutional products such as BOLI, COLI, Stable Value Wraps, GICs
Life Protection products such as Whole Life, Endowments, Universal Life, Variable Life, Secondary Guarantee (ULSG) Medical Coverage products such as LTC, Disability, Hospitalization, Surgery, Cancer

This position is open to remote candidates.

Responsibilities

Performs US GAAP, US Statutory and US Tax valuation for life and annuity reinsurance and direct business Develops, maintains, and/or reviews actuarial models in Prophet and other applications, including setting up and maintaining appropriate assumptions Develops actuarial models Identifies, implements, and enhances governance and control infrastructure Develops experience studies and makes recommendations on updating actuarial assumptions Maintains and enhances documentation Develops projections for financial planning and analysis and investigates major drivers of variance Serves as a liaison with other lines of business and company functions/departments to promote improvement in valuation and financial analysis for assigned business Performs valuation work and ad-hoc department projects as needed and called upon Remains current in profession and industry trends Maintains regular and predictable attendance Performs other duties as required

Requirements

5+ SOA ASA-level exams passed 2+ years of actuarial experience in life insurance/reinsurance PC and technical skills, including database applications (Access, Oracle, SQL, or equivalent), spreadsheets, statistical programs, and actuarial software (AXIS, Prophet, or equivalent) Understanding of local reporting and regulatory environments Understanding of insurance financial metrics and analysis techniques

Preferred Qualifications:

MAAA accreditation Management experience Bachelor’s degree in Math, Finance, Computer Science, or related field Prophet modeling experience in ALS, US 360, US NA, GAAP, and/or cohort libraries Working knowledge of Principles Based Reporting, Risk Based Capital, or Valuation Manual Prior experience on PBR reporting, model design, policy, or related activities Prior experience on VM-20, AG-30, AG-38, AG-48, or similar US STAT life valuation guidelines Prior experience on VM-21, VM-22, AG-33, AG-35, AG-43, or similar US STAT annuity valuation guidelines Prior experience on VM-30, VM-31, CFT, AAT, RBC, C3 Phase 1, C3 Phase 2, or similar US STAT guidelines Familiarity with GAAP, Statutory, and Tax valuation and financial reporting Familiarity with traditional life insurance products, such as Whole Life, Term, Universal Life Familiarity with deferred and/or immediate annuities, including indexed or variable annuities Familiarity with fixed income investments, asset modeling techniques, and capital markets Familiarity with pension and other longevity products Product development, stochastic modeling, and/or asset liability management experience Reinsurance industry, structuring, or merger and acquisition experience Advanced 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, investments, accounting, systems, and administration Ability to manage multiple projects simultaneously Advanced analytical and problem-solving skills Ability to balance detail with departmental goals/objectives Ability to work independently and to work well within a team environment and participate in department projects
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