Actuary, Global Modeling Team

Position OverviewThe Actuary, Global Modeling will be a leader within our high performing team 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.Responsibilities 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. RequirementsEducation & Experience Bachelor's degree in Math, Finance, Actuarial Sciences, Statistics, or related field FSA accreditation or equivalent 7+ years of actuarial experience in life insurance/reinsurance 7 + Experience with open actuarial valuation or projection models, including Prophet, MoSes, , MG-ALFA, Algo FM, or equivalent Skills & Abilities Prophet proficiency is an important asset : Expertise with Prophet Professional with experience using liability and ALS libraries, reviewing and developing products and running and debugging model runs Experience with Prophet Enterprise in setup and running of models Advanced PC and technical skills, including database applications (Access, Oracle, SQL, VBA or equivalent technology), spreadsheets, or statistical programs Ability to independently work with open actuarial software, including Prophet, MoSes, MG-ALFA, Algo FM, or equivalent Highly advanced ability to model various insurance products and reinsurance structures. Demonstrated knowledge of life insurance, longevity, institutional and/or annuity products Expert knowledge of GAAP, Statutory, and Tax valuation and financial reporting. Highly advanced people management skills, demonstrating the ability to lead, mentor, and develop associates; including the ability to delegate key areas of responsibility 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, investments, accounting, systems, and administration. Highly advanced project management skills. Demonstrates an ability to evaluate project objectives and scope for feasibility and understanding. Highly advanced ability to translate business needs and problems into viable/accepted solutions Highly advanced ability to manage multiple projects and/or teams simultaneously Highly advanced ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines Highly advanced persuasion and negotiation skills when working with internal/external customers Highly advanced analytical and problem-solving skills Ability to balance detail with departmental goals/objectives Ability to work independently and to work well within a team environment and participate in department projects. Company Overview Reinsurance Group of America, Incorporated (NYSE: RGA) is one of the largest global life and health reinsurance companies. With headquarters in St. Louis, Missouri, RGA supports clients and partners around the world through innovative approaches and customized solutions. Founded in 1973, RGA celebrates its 50th anniversary in 2023. We are the only global reinsurance company to focus primarily on life- and health-related reinsurance solutions. Our core products and services include life reinsurance, living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting, and product development. RGA ranks #222 on the 2022 Fortune 500 list. The list ranks U.S.-based companies by total revenue. RGA has been named to Fortune magazine's 2023 list of the World's Most Admired Companies. RGA has approximately $3.4 trillion of life reinsurance in force and assets of $84.7 billion as of December 31, 2022. RGA's culture stresses high performance and collaboration, and the company hires the smartest people in the industry. And, the smart people they hire are not just number crunchers. RGA values creativity and curiosity. RGA also values humility, and its employees work together without ego to bring value to RGA while revolutionizing the life and health insurance space. RGA aims to evolve RGA workplaces and the communities in which RGA has a presence, into more diverse, equitable and inclusive environments. We will create a culture where individuals are valued, feel a sense of belonging, and are respected for their differences - a workplace where all employees are encouraged and supported to reach their full potential. We support hybrid and flexible ways of working and would welcome a discussion on how we can balance what is important to you with business requirements during the recruitment process. Visit our 2022 Annual Review site, , to find out more about us. The general pay range for this position is $129,000 to $174,000 per year. 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. #LI-DL1 #LI-hybrid Job Detail Reference number US08305 Date posted 29/06/2023 writePostingDate("postingDate_posting_start_date", "2023-06-29 04:00:00", "US/Eastern") Closing date 23/09/2023 writePostingDate("postingDate_posting_end_date", "2023-09-24 03:59:59", "US/Eastern") Location Remote Job Functions Actuarial Work Location Remote