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.
General Summary
Close to qualified actuary to perform the following key tasks
- Valuation of liabilities and solvency calculation across different regimes
- Responses to regulatory and management queries
- Modelling new business that includes mortality/morbidity products on Prophet platform.
- Performing experience studies, embedded value reporting, business planning and risk management (ORSA for the India business).
- Communication with executives and maintaining excellent relationships with the cross functional local and regional teams are key components of the role.
Key Responsibilities
- Reporting liabilities and solvency across different regimes with appropriate documentation. Various regimes for which reporting is done include, LDTI, Local Statutory, IFRS17, Solvency II, US Statutory.
- Quarterly analysis of surplus and movement analysis specially for the necessary reporting regime.
- Ensure proper implementation of IFRS17 systems to produce all the necessary regulatory reports and reporting metrics.
- Ensure the new Risk based Capital framework is implemented and reported as per the regulator’s requirements.
- Liase within cross-functional team and regional teams for valuation and different projects
- Preparing a robust framework to be able to accurately complete various regulatory forms and reports in compliance with the local statutory requirements and statutory requirements of other regimes reported from RGA branch office.
- Coordinating with the local regulator’s inspection team and providing them necessary records for inspection
- Drafting responses to regulatory queries received
- Modeling of key business on Prophet platform for the purpose of LDTI, Local regulatory reporting, US Statutory reporting, Solvency II and Embedded Value related work
- Testing existing models and validating/updating assumptions on a regular basis.
- Review experience studies and analysis on current in force business and propose updates to the valuation basis as appropriate.
- Guiding associates for them to be able to collect necessary inputs from the pricing and the admin teams for the purpose of building new models and updating existing ones
- Preparing necessary documentation for the new models built and quantifying the impacts on reserves i.e. regression testing.
- Running the developed models for the periodic reporting requirements
- Collaborate with pricing team and be updated on the trends in business and experience which would feed into valuation work and vice versa
- Closely monitoring the evolving solvency requirements and providing necessary inputs to the finance team on Capital requirements
- Maintains, documents, and supports results, approaches, and controls used to produce and monitor results.
- Develop projections for financial planning and analysis and communicate the appropriate financial analytics, including a discussion of major drivers of variance.
- Maintain compliance controls and audit checks on the valuation data and bases.
- Support local business understanding through financial and actuarial analysis.
Education And Experience
- Bachelor’s degree in Maths, Finance, Actuarial Sciences, Statistics or related field
- Having cleared 10-12 actuarial papers with at least 5-7 years of relevant working experience in life insurance/reinsurance
- Hands on experience with statutory reporting
- Experience in modelling life insurance products is desirable.
- Knowledge/Experience on IFRS17 reporting is desirable.
- Understanding and knowledge of Risk based capital regime.
- Computer literacy, including actuarial software (preferably Prophet) and a strong understanding of Excel, SQL and VBA
Skills And Abilities
- Strong analytical, data management skills, work attitudes to details and ability to manage multiple projects simultaneously
- Highly motivated, conceptual thinker who is able to collaborate in a team environment or work independently and take a leadership role in a wide variety of assignments
- 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
- Highly advanced interpersonal skills, demonstrating the ability to work effectively with different disciplines, including pricing, finance, systems, and administration
- Highly advanced ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines
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.
