Senior Actuarial Prophet Modeler

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 500 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

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 modeling products and regulations for reporting and planning and well as supporting the quality, usefulness, and reliability of valuation models as they move through their lifecycle. The role 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 Valuation and Financial teams are components of the role.


What you will do

• Leads individual 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 trad 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.

Qualifications

• Bachelor’s Degree in Arts/Sciences (BA/BS) in Math, Finance, Actuarial Sciences, Statistics, or related field Required
• 7+ Years of actuarial experience in life insurance/reinsurance Required
• 7+ Years with open actuarial valuation or projection models, including Prophet, MoSes, MG-ALFA, Algo FM, or equivalent. Required
• 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. Required
• Reinsurance industry and/or merger and acquisition experience Preferred
• o Expertise with Prophet Professional with experience using liability (US360) and ALS libraries, reviewing, and developing products and running and debugging model runs. Required
• o Experience with Prophet Enterprise in setup and running of models. Required
• Advanced PC and technical skills, including database applications (Access, Oracle, SQL, VBA, or equivalent technology), spreadsheets, or statistical programs. Required
• Highly advanced ability to model various insurance products and reinsurance structures. Required
• Demonstrated knowledge of life insurance, longevity, institutional and/or annuity products Required
• Expert knowledge of GAAP, Statutory, and Tax valuation and financial reporting. Required
• 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. Required
• Highly advanced interpersonal skills, demonstrating the ability to work effectively with different disciplines, including pricing, investments, accounting, systems, and administration. Required
• Highly advanced project management skills. Demonstrates