VP & Managing Actuary, Pricing

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.

Position Overview

This pricing leadership role oversees all pricing activities for USIL’s inforce and complex liabilities.  With responsibilities for growing USIL, this role is integral to the strategy and success of the business.  The team has doubled in size over the past year, requiring both a technical expert and people leader. 

Responsibilities

• Leads and directs all pricing and risk analysis of the inforce transactional business.  May include managing multiple quotes at one time.  Transactions can include interactions with brokers or directly with the seller.
• Oversee all pricing and risk aspects of new complex liabilities initiative.  Directs team on engaging, pricing, positioning and ultimately executing on small UL coinsurance transactions
• Partner with USIL, AFS or corporate development leads to support any transactional pricing involving inforce individual life risks
• Participate in corporate pricing and capital committees to advocate and influence pricing strategies beneficial to USIL and RGA. 
• Perform post quote diagnostics to assess RGA’s competitiveness and opportunities to enhance our offerings and process
• Leverage new data sets, technology and processes to increase quoting speed and identify insights to improve pricing competitiveness
• 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 

Requirements

• Bachelor's degree in Math, Finance, Statistics, Actuarial Science or related field
• FSA Certification
• 15+ years actuarial experience in Life & Health Industry (specifically Life, Annuity, Retirement)
• Actuarial experience in product development, institutional pricing or reinsurance
• 3+ years of managing a team of 4 or more associates
• Advanced actuarial skills in pricing
• Expert knowledge of life insurance products
• Ability to manage large complex transactions, and drive them to conclusions
• Adept at quickly reviewing voluminous technical documentation (e.g. treaties, appraisal, product specifications, etc) and translate into simple risks, opportunities and insights
• Advanced knowledge of key financial reporting, accounting, and solvency regimes, including (but not limited to): US GAAP (including FAS 97, FAS 133, FAS 157, SOP 03-1 and LDTI), US Statutory, and US tax; IFRS; and Bermuda frameworks
• Creative thinker; ability to develop “outside of the box” solutions.  Applies to financial solutions, legal entity structures, economic capital frameworks and treaty negotiations
• Expert persuasion and negotiation skills when working with external customers to resolve challenges
• Advanced ability to engage with clients or other external parties to develop trust and respect
• Highly advanced ability to adapt to new methods; work under tight deadlines and stressful conditions.
• Expert skills in managing multiple projects and teams simultaneously
• Exceptional people management skills, demonstrating the ability to lead, mentor, and develop associates; including the ability to delegate key areas of responsibility

Preferred

• MAAA/FCIA or other local actuarial organization accreditation
• Reinsurance industry experience
• Experience interacting with clients and/or brokers
• 10+ years of managerial or leadership experience
• Exceptional oral and written communication skills including presentation skills, demonstrating the ability to convey complex information to a client or executive in simple actionable terms
• Familiarity with new technology and tools including (but not limited to): Artificial Intelligence, Snowflake, SQL, Python, Bower BI, Tableau, Sigma
• Familiarity with GGY AXIS
• Life Valuation experience a plus

#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.

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.