Actuary, Global Modeling Team

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

A leader within a high performing group that focused on model development, maintenance, and governance for a wide range of US and international products underlying RGA’s Traditional and Non-Traditional reinsurance treaties. Traditional products include Life insurance, Term insurance and Universal Life Insurance. Non-traditional products include Variable and Fixed Annuities, Fixed Index Annuities, SPIAs, and Longevity Swaps.

The focus of this role is on the asset modelling and asset-liability interaction components of RGA’s models, ensuring seamless integration with liability product modeling and regulatory requirements for reporting and planning. This role supports the quality, usefulness, and reliability of valuation models as they move through their lifecycle. It also includes some elements of production and analysis of results, including LDTI and Statutory reserves, Tax, Solvency II, ORSA, Cash Flow Testing, Economic Capital, Embedded Value, plan, and management analysis requests.

Communication with key executives at RGA along with maintaining excellent relationships with Valuation and Financial teams are components of the role. 

Responsibilities

• Leads modeling projects within the Prophet ALS library, including updates for modeling new asset classes, enhancements to support valuation requirements, regulatory changes, and library upgrades.
• Supports broader modeling projects including onboarding of new treaties, model enhancements, regulatory changes, governance and transparency capabilities, and metrics to support financial reporting.
• Ensures models are compliant with statutory, Tax, and GAAP regulations for traditional and non-traditional business, including documentation.
• Adheres to and drives improvements to the standard model governance and documentation framework.
• Develops expertise across all aspects of models and acts as a go-to resource for troubleshooting and answering questions coming from the reporting/analysis teams on model characteristics and behavior.
• Provides oversight and direction to junior actuarial/financial associates in the department. May perform supervisory duties including, but not limited to, hiring, training, evaluating, coaching, and disciplining direct reports. Fosters a positive and engaged work environment. Mentors associates and gives guidance on associate development.
• Provides ongoing support to RGA’s global actuarial projects.
• 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.
• Maintains regular and predictable attendance.
• Performs other duties as required.

Requirements

• Bachelor’s degree in Math, Finance, Actuarial Sciences, Statistics, or related field
• FSA accreditation or equivalent
• Experience in modeling non-traditional products such as deferred annuities, payout annuities, pension risk transfer, stable value wrap, and LTC, including reinsurance of these products.
• Experience in modeling various asset security classes including but not limited to fixed income, structured securities, private placements, commercial mortgages, derivatives, equity. 
• 7+ years of actuarial experience in life insurance/reinsurance
• 7 + Experience with open actuarial valuation or projection models, including Prophet, MoSes, MG-ALFA, Algo FM, or equivalent.
• Prophet proficiency is an important asset:
  • Expertise with Prophet Professional with experience using liability (US360) and ALS libraries, reviewing, and developing products and running and debugging model runs.
  • Experience with Prophet Enterprise in setup and running models.
• Advanced PC and technical skills, including database applications (Access, Oracle, SQL, VBA, or equivalent technology), spreadsheets, or statistical programs.
• Highly advanced ability to model various insurance products and reinsurance structures.
• Demonstrated knowledge of life insurance, longevity, institutional and/or annuity products
• Expert knowledge of GAAP, Statutory, and Tax valuation and financial reporting.
• Highly advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received by all stakeholders, including customers and associates.
• Highly advanced interpersonal skills, demonstrating the ability to work effectively with different disciplines, including pricing, investments, accounting, systems, and administration.
• Highly advanced project management skills. Demonstrates an ability to evaluate project
  objectives and scope for feasibility and understanding.
• 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 consult with individuals across a wide variety of operational, functional, and technical disciplines.
• Highly advanced persuasion and negotiation skills when working with internal/external customers.
• Highly advanced analytical and critical thinking 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.

Preferred

• MAAA accreditation
• CFA, PRMIA PRM, GARP FRM, or other such financial risk management designations
• Prior management experience
• Advanced experience with Prophet
• Stochastic modeling and/or asset liability management experience
• Experience with model unit testing and validations
• Expert knowledge of local regulatory environments
• Reinsurance industry and/or merger and acquisition experience

• Highly advanced people management skills, demonstrating the ability to lead, mentor, and develop associates, including the ability to delegate key areas of responsibility.

• Expertise in model governance practices, including model stewardship.

• Reinsurance industry and product knowledge

#LI-SP2 #LI-REMOTE

What you can expect from RGA:

• 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.

We’re excited to get to know you and connect your unique skills with our global opportunities. To create a modern and seamless experience, we use artificial intelligence (AI) in parts of our preliminary screening process. This technology helps us personalize job recommendations, automate interview scheduling, evaluate candidates based solely on experience—without considering name, gender, or other personal details—and provide real-time answers through our chatbot. AI is used only during early screening and never makes hiring decisions. Your RGA recruiter will work closely with you every step of the way to ensure the process feels personal, thoughtful, and focused on you.

Compensation Range:

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.