Actuarial Analyst
Reinsurance Group of America
Toronto, Canada
2d ago

Position Overview

The Actuarial Analyst primary focus is valuation reporting duties and supporting senior valuation actuaries by developing / maintaining actuarial models for financial reporting and business planning.

Additionally, the analyst will implement valuation model improvements in the end-to-end valuation process with a focus on process efficiency and long-term sustainability.

Responsibilities

  • Develop, maintain, and review actuarial models in Excel and other relevant applications, including setting up and maintaining appropriate assumptions.
  • Produce balance sheet entries for financial reporting, planning, and regulatory requirements, ensuring these items are appropriately documented, and assist with identifying changing requirements and adapting to maintain compliance.
  • Develop modelling and process methodologies to optimize RGA’s return on capital related to process improvement projects.
  • Provide support on reviews of actuarial software and valuation reporting processes.
  • Understand RGA’s current processes, how they interrelate, and communicate this information to others in a clear and concise manner.
  • Liaise with individuals across a wide variety of operational, functional, and technical discipline.
  • Perform valuation work and ad hoc department projects as needed and called upon.
  • Perform other duties as required.
  • Requirements

    Education and Experience

    Requirements :

  • Bachelor’s degree in Math, Finance, Actuarial Sciences, Statistics or related field.
  • 1+ years of actuarial experience in life insurance, with ASA or near ASA accreditation.
  • Solid computer skills, including Excel, database applications, statistical programs and actuarial software.
  • Knowledge of valuation methodologies commonly used by insurance companies.
  • Excellent interpersonal, written, and verbal communication skills, demonstrating the ability to convey business terminology that is meaningful and well received.
  • Advanced level of investigative, analytical, and problem-solving skills supplemented by a willingness to improve their ability to model various insurance products and reinsurance structures.
  • Ability to work well within a team environment, participate in department / team projects, and balance attention to detail with high level objectives.
  • Ability to work under tight deadlines and quickly adapt to new methods.
  • Preferred :

  • Expertise in AXIS and / or Prophet (or equivalent actuarial software)
  • Experience in valuation or pricing for traditional life business
  • Understanding of liability modeling techniques
  • Understanding of US GAAP SFAS 60
  • Reinsurance industry and product knowledge
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