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.
Overview
The Vice President & Managing Actuary is responsible for leading the analysis and business segment in-force and risk management of the America's Asset Intensive business. Additionally, the successful candidate will:
- Drive enhancements to the team's ability to model and manage the business, including coinsurance of complex liabilities, and
- Promote proactive risk management practices with the intent of improving financial results or enhancing the risk profile of Asset Intensive business, including but not limited to: developing hedging programs, improving analytical capabilities, and enhancing management of interest rate exposure.
Key Responsibilities:
- Leads segment level performance reviews around the Americas Asset Intensive products.
- Drive analysis of liability experience exposures.
- In partnership with US Individual Life segment leadership, build or support the development of analytics for coinsurance of complex interest-sensitive liabilities including Universal Life (UL), Indexed UL, Variable UL, and Universal Life with Secondary Guarantees.
- Actively participate with enterprise leaders in identifying opportunities to enhance the ALM profile of RGA's USD businesses, ensuring the Americas Asset Intensive risks are appropriately reflected in the implementation of portfolio optimization.
- Drive improvements to the Americas Asset Intensive in-force management by identifying strategic initiatives, with the intent to add value to in-force business.
- Develops and recommends return-enhancing and/or risk-mitigating strategies in a partnership with Asset Intensive In-force & Risk Management (IRM) leadership, Americas Financial Solutions Pricing, Investments, ALM, and other key partners.
- Leads team in detailed reviews of individual existing treaties and evaluates risks in all new Americas Asset Intensive treaties. Signs-off on Americas Asset Intensive transactions on behalf of EP&FP In-force and Risk Management, up to a defined authority threshold.
- Leads Asset Intensive IRM team's support of in-force Third-Party Capital initiatives.
- Leads Americas Asset Intensive team's active management of existing and prospective flow transactions.
- Collaborate with Asset Intensive IRM leadership, ALM, and Investments to improve interest rate and currency hedging capabilities.
- Collaborate with ALM, Global Risk, and other corporate partners to ensure the Financial Solutions Line of Businesses' contribution to the enterprise risk profile, including interest rate and currency exposure, is well-understood.
- Performs management duties including, but not limited to: hiring, training, evaluating, coaching, and developing direct reports. This also includes fostering a positive, engaging and collaborative work environment as well as mentoring associates and providing guidance on associate development.
- Works to ensure that the risks for all assigned deals have been modeled in a reasonable, accurate, and repeatable manner.
- Fosters positive relationships with key stakeholders (marketing partners, clients, corporate departments).
Candidate Requisites:
Education & Experience
- Bachelor's degree in Math, Finance, Actuarial Science, Statistics or related field
- Minimum of 10 years of experience in life insurance and/or reinsurance
- Minimum of 5 years of experience in general account ALM experience
- 5 or more years of team management experience
- FSA/FCIA designation
- Additional professional accreditation as appropriate for this mandate (e.g.: CFA, CERA, PRM)
Skills & Abilities
- Strong written and verbal communication skills. Ability to translate technical subjects into business explanations with multiple alternative action steps.
- Proactive Risk Management mind set.
- Demonstrated experience with derivative usage and other risk mitigation strategies.
- Robust project management skills applied at the department, function, business segment, and company-wide levels.
- Ability to multi-task and meet tight deadlines.
- Demonstrates ability to understand business strategy and execute functional tactics leading to business accomplishments.
- Sound understanding of capital market principles including yield curve generation, valuation of interest rate derivative instruments, and modeling techniques applying capital markets theories.
- Expert knowledge of life, annuity products and ability to model various insurance products and reinsurance structures.
- Highly advanced people management skills, demonstrating an ability to lead, mentor and develop associates.
- Exceptional ability to liaise with individuals across a wide variety of operational, functional and technical disciplines. As well as across business segments and time zones.
- Ability to work independently and to work well within a team environment and to participate as a leader in department projects.
- Advanced PC and technical skills, including spreadsheets and actuarial software.
- Advanced ability to balance detail with departmental goals/objectives.
Preferred:
- Understanding of asset modeling techniques and capital markets.
- Familiarity with advanced principles of economic-based financial reporting frameworks, such as Principle-Based Initiatives, Economic Capital, and Embedded Value.
- Familiarity with database applications.
#LI-DL1 #LI-Hybrid
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:
$193,250.00 - $294,450.00 Annual
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.