Pricing Actuary
4 days ago
You desire impactful work.
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.
We are looking for a qualified actuary to work on a wide variety of pricing projects across a wide variety of clients and products. The successful candidate will take a leading role in providing pricing and product development for existing and new retail business reinsured by RGA.
Primary responsibilities include:
- Pricing:
- Pricing and product development for all Retail, Funeral, and Credit Life business.
- Analyse recent client experience to form a view on the pricing approach.
- Determine appropriate pricing bases and perform pricing projections and calculations in Axis.
- Conduct reasonability checks and reconciliations.
- Perform technical and overall peer review on quotes and tenders.
- Deliver accurate and high-quality quotes in line with RGA's corporate standards and within agreed upon timelines.
- Assist the team with ad hoc client and project queries.
- Documentation:
- Document pricing assumptions and results adequately.
- Complete letters of offer and treaties within agreed turnaround times.
- Driving the approval process:
- Engage a wide range of stakeholders to ensure an efficient approval process.
- Collaborate with Business Development, Underwriting, and Claims to produce proposals that meet our clients' needs.
- Improving pricing efficiencies:
- Develop and maintain pricing tools to improve efficiency.
- Teamwork:
- Develop and maintain positive relationships within the team and with other functions in the business to foster effective collaboration.
Qualifications and experience:
- Qualified or nearly qualified actuary with at least 5 years actuarial work experience.
- Experience with retail insurance pricing or product development.
- Expertise in experience analysis and long term cashflow modelling.
- Advanced Excel and Word, Visual Basic, and PowerPoint.
- Coding skills would be advantageous: VBA, R, Python or SQL.
- Strong collaboration and project management skills.
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.
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