Actuary, North America Pricing, Global Financial - Toronto, Canada - RGA

RGA
RGA
Verified Company
Toronto, Canada

1 month ago

Sophia Lee

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Sophia Lee

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Description

Position Overview
**_
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
Actuary, Pricing, Global Financial Solutions (GFS) position performs pricing, modeling, analysis, structuring, and other activities related to specific new business development opportunities for the Global Financial Solutions business unit.

Works with the business development staff to determine client needs and objectives, understand and analyze client information, and design terms and structures of transactions to meet those needs and objectives.

Documents risk exposure in potential transactions. Assists marketing associates by building proof-of-concept models for new opportunities or new reinsurance solutions for our clients.

Assists business development associates in the development of new markets, structures, and product lines for GFS to be marketing proactively to our clients.


Responsibilities

  • Perform pricing, modeling, 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.
  • Assess and analyze risk exposure in potential transactions and prepare documentation of these risks in detailed pricing analysis reports.
  • Develop and maintain adequate and timely documentation of professional work that complies with relevant ASOPs.
  • Work with the marketing staff to determine client needs and objectives, understand and analyze client information, and design terms and structures of transactions to meet those needs and objectives.
  • Assist business development associates by building proofofconcept models for new opportunities or new reinsurance solutions for our clients.
  • Perform peer review on the work of other actuaries.
  • Update documentation of Global Financial Solutions pricing methodology, parameters, and procedures. Recommend, implement, and document enhancements to the pricing process.
  • Set realistic and achievable deadlines for modeling, analysis, and other new business development activities. Complete required tasks accurately within those deadlines.
  • Drive the design of reinsurance transactions and lead discussions on risk issues with internal and external clients.
  • Provide updates on ongoing progress to supervisor and other Global Financial Solutions personnel.
  • Assist risk management personnel with transition of new treaties to inforce monitoring and management
  • Participate in key unit and adhoc department projects as needed.

Requirements Education & Experience**
Required:
  • Bachelor's degree in math, finance, statistics, actuarial science, computer science or related field
  • FSA certification (or equivalent)
  • Minimum 8 years of actuarial experience in life insurance/reinsurance

Preferred:


  • MAAA/FCIA or other local actuarial organization accreditation
  • CFA designation
  • Advanced quantitative degree or designation
  • Reinsurance industry experience
  • Merger and acquisition experience
  • Product design / pricing experience OR ALM / risk management experience (requirements vary with job level)
  • Financial reinsurance, assetintensive, or longevity pricing experience

Skills & Abilities

Required:


  • Demonstrated knowledge of life insurance, health insurance, longevity, and/or annuity products
  • Ability to take ownership in projects and drive them to completion
  • Experience with actuarial modeling software.
  • Highly advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received
  • Highly advanced investigative, analytical, and problemsolving skills
  • Expert ability to balance detail with departmental goals/objectives
  • Advanced skills in customer relationship management and change management
  • Highly advanced ability to translate business needs and problems into viable/accepted solutions
  • Highly advanced ability to manage multiple projects and/or teams simultaneously
  • Highly advanced ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines
  • Highly advanced persuasion and negotiation skills when working with internal/external customers

Preferred:


  • Advanced 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 031), US Statutory, and US Tax; IFRS; MCEV / EV / EEV; and Solvency II.
  • Advanced ability to model various insurance products and reinsurance structures.
  • Advanced knowledge of life insurance, health insurance, longevity, and/or annuity products
  • Expertise in Moody's
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