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Head of Actuarial Research and Development

1 month ago

Cape Town, South Africa RGA Full time

**Position Overview**
An exciting opportunity has arisen for an experienced senior actuary to lead the actuarial research and development activities in the pricing team. Reporting to the Chief Pricing Actuary, this broad role is primarily responsible for setting and maintaining the pricing basis for all key product lines as well as providing actuarial research on emerging trends. This role provides input on a wide range of retail life insurance risk products including mortality, disability and critical illness.
**Responsibilities**
- Develop, maintain, and execute an efficient and effective basis of a development framework for RGA's key product.
- Perform technical and strategic actuarial research that supports various internal clients and elevates RGA's research capabilities.
- Collaborate with the In-Force Management function to understand the emerging performance of the deals on the books and recommend appropriate strategic actions.
- Collaborate with the Global Data Analytics and Global Experience Studies' teams to ensure the South African office has access to appropriate tools and expertise.
- Collaborate with the regional pricing actuary to ensure basis development proposals are well considered.
- Participate in RGA's various global research forums and collaborate with peers to ensure continuous sharing of experience.
- Regularly derive value adding business insights from RGA's various data sources.
- Stay abreast of market trends, products and participate in professional industry committees.
- Coordinate the South African office's actuarial knowledge.
- Support the development and maintenance of the infrastructure (dashboards, scripts, and data pipelines) used to monitor emerging experience.

**Requirements**:

- Experienced, qualified Actuary with at least 15 years of life insurance.
- Experience in developing pricing or valuations basis for life insurance risk products.
- A sound actuarial knowledge base in pricing and product.
- Ability to work with large datasets using SQL, R and Python.
- Experience with data visualization systems such as Tableau and Power Bl.
- Experience building automated large data pipelines for repetitive.
- Experience using advanced statistical modelling techniques such as Generalized Linear Modelling.
- Knowledge of risk products in the South African.
- Strong project management skills with the ability to work simultaneously on different projects comprising different teams.
- Strong investigative, analytical, and problem-solving.
- Flexibility and ability to adapt to a changing.
- Ability to lead and develop an effective team which takes ownership of its deliverables and deadlines.
- Innovative, proactive and improvement.
- Highly advanced oral and written professional communication.
- Ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines.
- People management.

**Company Overview** RGA’s Commitment to Diversity, Equity, and Inclusion**

RGA Aims to evolve RGA workplaces and the communities in which RGA has a presence, into more diverse, equitable and inclusive environments. We will create a culture where individuals are valued, feel a sense of belonging, and are respected for their differences - a workplace where all employees are encouraged and supported to reach their full potential.

Our individual, social, economic, and cultural identities shape and influence our experiences and perspectives. Therefore, to do our best work RGA will ensure diversity in our workforce across the various dimensions of social, interpersonal, and cultural identity - and by practicing inclusivity in how we work with one another. Inclusion in our workplace is a step towards our purpose of making financial protection accessible to all.

**Flexible Working**

We support hybrid and flexible ways of working and would welcome a discussion on how we can balance what is important to you with business requirements during the recruitment process.

**Company Overview**

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.

In South Africa, RGA has been ranked #1 on NMG Consulting's All Business Capability Index for Life and Health Reinsurers for 13 consecutive years and has grown to be the largest reinsurer of new individual business. If you have a passion for excellence, service, and a desire to work in a challenging environment that offers a breadth of experiences then RGA may well be the