VP & Sr. Actuary, Assumptions

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

This key leadership position oversees all experience studies and assumption development for the USIL business. In addition, the modernized underwriting assumption team, a client facing team charged with developing, implementing and monitoring client's Accelerated Underwriting assumptions, also reports to this position.

What you will do

• Leads and directs the development of new and inforce business assumptions, in collaboration with valuation and the pricing actuaries, for the USIL business. Assumptions include GAAP, Stat, Best Estimate and Pricing for both book of business and client specific applications.

• Voting member of local Assumption Governance Committee (AGC). Responsible for defining multiyear assumption review plan, plus communicating assumption changes, impacts and rational to RGA executives.

• Leads and directs production of experience studies to support internal, client and industry assessment of the business.

• Oversee monitoring, reporting and communicating of biometric results for the USIL business. Foster collaboration between Finance, Valuation and USIL Actuarial to ensure results are produced accurately, consistently and on time. In addition, ensure results are communicated in a clear and concise manner with intuitive supporting documentation.

• Elevate USIL reputation as the biometric risk expert in the industry through actuarial and underwriting modernization research, production of thought leadership, client engagement and industry presentations.

• Leverage new tools and technology to streamline production processes and identify new insights in all facets of responsibilities.

• Transform processes, frameworks and culture to support the USIL mandate for growth, especially focusing on ability to manage “complex liabilities” in the future.

• Be a Talent Champion by fostering the growth and development of staff, building a pipeline of talent, managing succession plans and key person dependencies, facilitate rotations, encourage training programs and establish a positive and winning culture

Qualifications

• Bachelor’s Degree in Arts/Sciences (BA/BS) Math, Finance, Statistics, Actuarial Science or related field required

• 15+ Years actuarial experience in Life & Health Industry (specifically Life, Annuity, Retirement) required

• 5+ Years managing a team of 4 or more associates required

• Actuarial experience in product development, reinsurance pricing or assumption setting required

• MAAA/FCIA or other local actuarial organization accreditation preferred

• Reinsurance industry experience preferred

• Experience interacting with insurance regulators preferred

• 10+ years of managerial or leadership experience preferred

• Advanced actuarial skills in pricing and assumptions required

• Expert knowledge of life insurance products required

• Ability to take ownership in projects and drive them to completion required

• Exceptional people management skills, demonstrating the ability to lead, mentor, and develop associates; including the ability to delegate key areas of responsibility; foster a teamwork and customer service focused environment required

• Expert ability in implementing change within an organization, ensuring understanding, participation, and ownership required

• Exceptional 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

• Highly advanced ability to adapt to new methods; work under tight deadlines and stressful conditions required

• Expert skills in managing multiple projects and/or sub-teams simultaneously required

• Highly advanced ability to make timely and effective decisions and produce results through strategic planning and the implementation and evaluation of programs and policies required

• Ability to create a vision and translate that vision into strategic actions to be implemented by team and/or peers, ensuring vision comes to life in a timely manner required

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