Pricing Actuary

4 days ago


Cape Town, Western Cape, South Africa Reinsurance Group Of America, Incorporated Full time

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 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:

  1. Pricing: Pricing and product development for all Retail, Funeral, and Credit Life business. Analyze 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.
  2. Documentation: Document pricing assumptions and results adequately. Complete letters of offer and treaties within agreed turnaround times.
  3. 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.
  4. Improving pricing efficiencies: Develop and maintain pricing tools to improve efficiency.
  5. 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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