Actuary/associate Actuary, North America Pricing - Toronto, Canada - RGA

RGA

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Position Overview

The Actuary, Pricing, Global Financial Solutions 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.

Location:
Canada or US (hybrid or remote)

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:

Bachelor's degree in math, finance, statistics, actuarial science, computer science or related field
FSA certification (or equivalent)

For Associate Actuary: 6+ years of actuarial experience in life insurance/reinsurance
For Actuary: 8+ years of actuarial experience in life insurance/reinsurance

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:

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
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 AXIS, FIS Prophet or MG-ALFA
Ability to challenge and enhance our analytical capabilities
Understanding of asset modeling and assetliability management techniques, including derivatives, and capital markets approaches

Company Overview Reinsurance Group of America, Incorporated
(NYSE:RGA**) is one of the largest