Actuary jobs in Missouri

Working alongside senior actuaries and underwriters, this position will be instrumental in realizing the potential of new underwriting tools, evidence sources and technologies and determining their business impacts for RGA and its clients, sharing results internally and creating and delivering thought leadership content externally. The Actuary, USIL Assumptions, develops key actuarial assumptions by analyzing retrospective studies, predictive models, protective value studies, underwriting requirements and risk selection programs. Evaluates data from new risk selection programs with limited experience to determine if the outcomes are matching the expectations, recommends improvements and/or assumption updates, and communicates and documents findings and recommendations as applicable.

• Develop mortality, lapse and other assumptions based on thorough risk analysis under the direction of the VP & Actuary, USIL Assumptions SME, and provide meaningful interpretation of the analyses to department management and other key stakeholders, both internal and external.
• Evaluate, proactively monitor the use of, and develop assumptions for new risk selection tools and programs.
• Lead and participate in special projects, committees, meetings, and presentations with internal and external audiences.
• Maintain thorough documentation of risk selection tools and programs with less experience including assumptions developed, supporting analysis performed, peer review and process executed.
• Challenge and contribute to the development and continuous improvement of framework, standards, and processes to enable these activities.
• Perform peer reviews as needed.
• Coordinate the activities of others in the team and/or other departments to ensure appropriate analyses, key deliverables, and related, necessary actions are completed in a timely manner, as determined by project and business needs.
• Foster positive relationships, collaborate, and communicate professionally with key stakeholders and business partners, including senior executives and clients.

Education and Experience

Required

• Bachelor's degree in Actuarial Sciences, Economics, Finance, Math, Statistics or related field
• FSA accreditation
• 7 years of actuarial experience in life insurance and/or reinsurance

Preferred:

• 3-5 years of experience in:
  • Reinsurance pricing, and/or
  • Life insurance pricing, and/or
  • Life insurance assumption development, particularly mortality
• Publications in industry media and/or presentation at industry conferences or webcasts

Skills and Abilities

Required:

• Highly advanced actuarial technical skills
• Highly advanced knowledge of life insurance products and pricing
• Demonstrated understanding of reinsurance concepts and methods
• Highly advanced PC skills, including spreadsheet and database applications
• Demonstrated understanding of key assumptions, such as mortality and lapse, and the factors that influence them
• Ability to challenge and enhance analytical capabilities
• Understanding of experience studies, data analysis and protective value
• Highly advanced oral and written communication skills, including presentation skills, demonstrating the ability to convey business terminology that is meaningful and well received
• Highly advanced investigative, analytical and creative problem solving skills
• Advanced ability to translate business needs and problems into viable/accepted solutions
• Highly advanced interpersonal skills, demonstrating the ability to work effectively with different teams and disciplines across the organization and key external contacts
• Ability to take ownership in projects and drive them to completion, including setting appropriate goals, coordinating resources, properly assessing risks, resolving issues, and communicating to key stakeholders in an appropriate and timely manner, while adapting to changing priorities
• Demonstrated flexibility and adaptability within a fluid environment
• Adaptable, self-starting and team-oriented
• Willingness to travel as needed

Preferred

• Highly advanced ability to compile, analyze, refine and interpret large amounts of data
• Proficiency in actuarial projection tools (e.g., AXIS, TAS, MoSes, Prophet)
• Proficiency in statistical analysis tools (e.g. R)
• Advanced understanding of reinsurance concepts and methods
• Knowledge of reinsurance pricing frameworks

Reinsurance Group of America is one of the largest global life and health reinsurance companies in the world. With operations in 26 countries, 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 has approximately $3.4 trillion of life reinsurance in force, assets of $84.9 billion, and a singular purpose: to make financial protection accessible to all.

Pay is based on a number of factors, including market, a candidate’s skills, and experience commensurate with a role, etc. salary range: $ 132,430 - 202,455 bonus

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