You’reRGA ready
RGA is a purpose-driven organization working to solve today’s challenges through innovation and collaboration. A Fortune 500 Company and listed among itsWorld’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
The Actuary is responsible for leading industry and biometric research and analytics to help guide RGA’s global pricing goals and for providing pricing guidance, preparing best practices and advice to validate or complement the work done by RGA’s regional and local offices. In particular, there will be a focus on emerging biometric pricing risks and the establishment of the Biometric Pricing Assumptions team. In addition, the Actuary will contribute to Enterprise Pricing thought leadership.
This position reports to the VP, in the Enterprise Pricing team.
Location: The successful candidate could be based in RGA’s office in Sydney, or in other RGA offices globally including Toronto, Canada; St Louis, US; or London, UK, potentially in a Fully Remote Work Arrangement.
PRINCIPAL DUTIES AND RESPONSIBILITIES
- Provide pricing guidance and product best practices and advice, to influence, validate or complement the knowledge found in the regional and local offices, providing training and tools where necessary
- Identify, research, and model the impact of emerging biometric risks. Produce pricing tools, documentation and guidance to meet new challenges and emerging pricing risks faced by local pricing teams and contribute to RGA’s thought leadership content. Work with local offices on implementation of such tools.
- Undertake benchmarking of key pricing assumptions such as long-term rates, mortality and morbidity trends, summarise findings and identify opportunities for further guidance or thought leadership
- Provide cross-market comparisons and identify trends in Mortality and Morbidity products found in all global markets, acting as a bridge and reference point to bring new product ideas to selected markets with appropriate pricing infrastructure
- Lead pricing consulting projects provided to local or regional teams or as requested by global initiatives
- Contribute to RGA’s global pricing community with active membership in product and pricing global working groups as requested
- Support RGA’s development and implementation of corporate pricing standards and policies, as requested
- Perform other duties as requested
Required:
- FSA or equivalent accreditation
- 5+ years of individual mortality, longevity and morbidity (re)insurance experience
- 1-2 years of product/pricing actuarial experience at a senior level
- Experience developing pricing bases and in particular experience in mortality and morbidity future trend assumptions would be highly valued
- Advanced knowledge of pricing and reinsurance of individual life and living benefits products across a broad spectrum of products and/or countries
- Proficient in AXIS (or similar) and Advanced MS Office Suite – Excel, Word, PowerPoint
- Confident user of programming languages such as R
Required:
- Advanced technical, analytical and problem-solving skills
- Self-starter and self-motivated team player with entrepreneurial spirit
- Strong communication and interpersonal skills
- Ability to liaise with individuals across a wide variety of disciplines and geographies
- Capable of multi-tasking and meeting tight deadlines with multiple stakeholders
- Desire to improve existing processes; demonstrated ability to positively influence change
- Ability to quickly understand and synthesize information
- Willingness to travel as required
- 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.