VP & Actuary, Bermuda

Posted Yesterday
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Hamilton, City of Hamilton, BMU
In-Office
100K-150K Annually
Expert/Leader
Insurance
The Role
The VP & Actuary will lead the Corporate Valuation function, manage the valuation team, support pricing areas, ensure regulatory compliance, and mentor staff.
Summary Generated by Built In

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.

A Brief Overview
Reporting to the VP, Corporate Actuarial & Appointed Actuary, the VP & Actuary, Corporate Actuarial is responsible for providing leadership direction to the Corporate Valuation function for RGA Canada. The VP & Actuary, Corporate Actuarial will foster a spirit of cooperation and coordination among the Corporate Valuation team as well as with other internal/external stakeholders and will support the VP, Corporate Actuarial & AA to meet the regulatory and strategic requirements of the business. This incumbent will work closely with key employees in the other departments of the Company to determine business needs, understand and analyze information and collaborate on special projects. This person is responsible for the management and development of members of the Corporate Valuation department.
What you will do

  • Lead the Corporate Valuation function of RGA Canada. Ensure reporting and process controls are in place and the relevant controls are operating.

  • Assist the Appointed Actuary in different functions, including the ALM position analysis, the review of assumptions, the preparation of Appointed Actuary Report, the LICAT and FCT analysis, the preparation of the regulatory reports and Board of Directors material.

  • Provide support to various pricing areas on inforce deal opportunities

  • Advise and support the department as well as the various pricing areas in matters related to valuation, regulatory capital and financing requirements.

  • Collaborate to various internal initiatives aiming at the optimization of RGA’s inforce value.

  • Ensure that the department has, and applies, the necessary resources, expertise, skills, tools, processes, procedures and controls to effectively and efficiently administer the business while meeting the needs of our internal and external stakeholders as well as financial and regulatory reporting.

  • Ensure department alignment and coordination with all other areas of the company to achieve corporate business strategies and vision.

  • Maintain in-depth understanding of IFRS 17 and LDTI

  • Be involved in pertinent industry and professional committees.

  • Provide oversight and direction to actuarial staff in his/her area. Foster a positive and engaged work environment. Mentor associates and give guidance on associate development.

Qualifications

  • 15+ Years insurance industry experience required

  • Demonstrated interpersonal skills; ability to build professional relationship with various departments and stakeholders across a wide variety of operational, functional and technical disciplines required

  • Experience in reinsurance preferred

  • Excellent knowledge of the Canadian and US GAAP environment, IFRS 17 and LDTI required

  • Advanced knowledge of the Canadian regulatory environment, particularly the regulatory capital requirements and reserving method required

  • Advanced knowledge of the Canadian insurance products and reinsurance concepts required

  • Very good knowledge of assets and liabilities as well as ALM principles required

  • Very good management skills required

  • Excellent oral and written communication skills including presentation skills, demonstrating the ability to convey information in a way that is meaningful and well received by stakeholders and team members required

  • Bilingualism required

  • Advanced ability to adapt to new methods, work under tight deadlines and stressful conditions. Expert ability to manage multiple projects simultaneously. required

  • Advanced technical, analytical and problem-solving skills required

  • Advanced skill with MS Office suite - Excel, Word, PowerPoint, Access required

  • Advanced skill with AXIS software required

  • Sense of organization and the attention to details required

  • FCIA designation required

#LI-OJ1

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.

Top Skills

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The Company
HQ: Chesterfield, MO
3,164 Employees
Year Founded: 1973

What We Do

Reinsurance Group of America, Incorporated (RGA), a Fortune 500 company, is among the leading global providers of life reinsurance and financial solutions, with approximately $3.5 trillion of life reinsurance in force and assets of $92.2 billion as of December 31, 2021. Founded in 1973, RGA today is recognized for its deep technical expertise in risk and capital management, innovative solutions, and commitment to serving its clients. With headquarters in St. Louis, Missouri, and operations around the world, RGA delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, facultative underwriting, product development, and financial solutions. To learn more about RGA and its businesses, visit our website at www.rgare.com.

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