Associate Actuary

Reinsurance Group of America, Incorporated•Chesterfield, MO

5d•$117,730 - $175,450•Hybrid

About The Position

Working alongside senior actuaries and underwriters, this position will be instrumental in realizing the potential of new underwriting tools, evidence sources and technologies and determining their business impacts for RGA and its clients, sharing results internally and creating and delivering thought leadership content externally. The Associate Actuary, USIL Assumptions, develops key actuarial assumptions by analyzing retrospective studies, predictive models, protective value studies, underwriting requirements and risk selection programs. Evaluates data from new risk selection programs with limited experience to determine if the outcomes are matching the expectations, recommends improvements and/or assumption updates, and communicates and documents findings and recommendations as applicable.

Requirements

Bachelor’s degree in Actuarial Sciences, Economics, Finance, Math, Statistics or related field
FSA accreditation
6+ years of actuarial experience in life insurance and/or reinsurance
Advanced actuarial technical skills
Advanced knowledge of life insurance products and pricing
Demonstrated understanding of reinsurance concepts and methods
Advanced PC skills, including spreadsheet and database applications
Demonstrated understanding of key assumptions, such as mortality and lapse, and the factors that influence them
Ability to challenge and enhance analytical capabilities
Understanding of experience studies, data analysis and protective value
Advanced oral and written communication skills, including presentation skills, demonstrating the ability to convey business terminology that is meaningful and well received
Advanced investigative, analytical and creative problem solving skills
Advanced ability to translate business needs and problems into viable/accepted solutions
Advanced interpersonal skills, demonstrating the ability to work effectively with different teams and disciplines across the organization and key external contacts
Demonstrated flexibility and adaptability within a fluid environment
Adaptable, self-starting and team-oriented
Willingness to travel as needed

Nice To Haves

3-5+ years of experience in: Reinsurance pricing, and/or Life insurance pricing, and/or Life insurance assumption development, particularly mortality
Publications in industry media and/or presentation at industry conferences, webcasts, etc.
Advanced ability to compile, analyze, refine and interpret large amounts of data
Ability to take ownership in projects and drive them to completion, including setting appropriate goals, coordinating resources, properly assessing risks, resolving issues, and communicating to key stakeholders in an appropriate and timely manner, while adapting to changing priorities
Proficiency in statistical analysis tools (e.g. R)
Advanced understanding of reinsurance concepts and methods
Knowledge of reinsurance pricing frameworks

Responsibilities

Under the direction of the VP & Actuary, develop mortality, lapse and other assumptions based on thorough risk analysis and provide meaningful interpretation of the analyses to department management and other key stakeholders, both internal and external.
Evaluate, proactively monitor the use of, and develop assumptions for new risk selection tools and programs.
Participate in special projects, committees, meetings, and presentations with internal and external audiences.
Maintain thorough documentation of risk selection tools and programs with less experience including assumptions developed, supporting analysis performed, peer review and process executed.
Challenge and contribute to the development and continuous improvement of framework, standards, and processes to enable these activities.
Perform peer reviews as needed.
Assist others in the team and/or other departments to ensure appropriate analyses, key deliverables, and related, necessary actions are completed in a timely manner, as determined by project and business needs.
Foster positive relationships, collaborate, and communicate professionally with key stakeholders and business partners, including senior executives and clients.
Maintain regular and predictable attendance.
Perform other duties as required.