Actuarial Analyst
4 weeks ago
Job Summary
Pricing Actuaries at Reinsurance Group of America are responsible for developing and implementing pricing models to meet clients' objectives and RGA's minimum requirements. This role involves working closely with internal counterparts to develop sustainable reinsurance solutions and conducting reviews to provide sound advice for actuarial work.
Key Responsibilities
- Develop and maintain pricing models to ensure accurate and efficient pricing of individual business.
- Collaborate with internal teams to develop and implement reinsurance solutions that meet clients' needs.
- Conduct reviews and provide advice on actuarial work to ensure compliance with RGA's standards.
- Conduct research and develop pricing bases for new business development initiatives.
- Ensure pricing bases are documented and approved for all reinsurance coverage allowed under the country mandate.
- Provide technical support for product development initiatives and conduct experience studies to monitor in-force treaties.
- Structure and develop in-force pricing solutions to maintain RGA's profitability.
- Deliver quarterly insurance risk monitoring reports to highlight emerging trends and recommend management action if required.
- Enhance and streamline in-force management infrastructure and tools to improve efficiency.
- Provide insights from in-force portfolios to develop and sharpen pricing bases.
- Handle in-force business enquiries from various regional teams.
- Support ad-hoc corporate and internal projects.
Requirements
- Bachelor's degree in actuarial science, statistics, math, finance, or related fields.
- Fresh graduate or 1-2 years of working experience.
- Highly organized, delivery-oriented, and able to work with multiple concurrent projects.
- Strong technical skills, attention to detail, and excellent communication skills.
- Advanced Excel and programming skills required.
- Experience in actuarial software, e.g. Axis, is strongly preferred.
- Ability to challenge and enhance existing analytical methodologies.
- Innovative, proactive, and improvement-oriented.
- Ability to work independently and as part of a team, dealing with multiple stakeholders within the business.
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