VP & Actuary, Collateral, Financial Solutions

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.

RGA's Global Financial Solutions (GFS) line of business accounts for over 50% of RGA's consolidated income. The Longevity line of business is one of RGA's fastest growing lines of business with benefit obligations in excess of $70 billion. Development of in-force and risk management as well as collateral processes for this line of business continue to be refined.

The Vice President & Actuary, Collateral, Financial Solutions will be a key player in ensuring that the longevity line of business is managed to a standard at least as rigorous as that of RGA's other lines of business.

Collateral Management

1. Take a wholistic approach across all GFS product lines to enhance collateral performance
2. Lead design and development of new approaches to collateral management to drive industry-leading innovations and differentiation in the marketplace
3. Utilize experience studies and work with the teams that actively monitor in-force experience to optimize collateral and support organizational balance sheet optimization efforts
4. Partner with corporate partners to ensure consistency and alignment with corporate risk measures, investment philosophy, and strategic objective
5. Partner with GFS's market risk services and investment operations to consider derivative usage to achieve above objectives

In-force Management

1. Leverage an deep understanding of the dynamics which impact the income statement and balance sheet for this line of business to support product in-force management and product development teams in GFS
2. Work with GFS product line leaders to improve the in-force business model for enhanced product level performance
3. Serve as a contributor to the in-force risk management process, identifying and analyzing potential impacts to the risk management programs, product pricing, business mix, currency exposures, and assets under management

New Business Pre-Binding Review

1. Leverage in-depth knowledge of assets and market risk support the assessment of risk and treaty reviews for proposed new transactions
2. Provide guidance to deal teams, GFS Leadership, Structured Finance (and CLC), including recommendations for collateral packages, as well as new/developing collateral business processes
3. Review the risk analysis and treaty documents for new or amended transactions, highlighting any potential areas heightened risk, providing feedback / recommendations to mitigate risk, escalating where necessary
4. Provide a recommendation to VP Longevity & Capital Solutions In-force & Risk Management and Collateral and Liquidity Committee (CLC) (upon request) prior to entering into new transactions as to its viability and manageability

Leadership and Management

1. Develop functional (collateral) strategies and initiatives to support an overall vision and drive through to successful implementation
2. Demonstrated ability to be a thought leader and change agent - design, drive and implement change, ensuring understanding, participation, and ownership amongst all impacted stakeholders
3. Excellent ability to lead within and across teams with members spread across multiple geographies, particularly gaining cooperation from those members outside the direct chain of command, across a wide variety of operational, functional and technical disciplines

Requisites:

1. Fellowship in a recognized actuarial organization (FSA, FIA, FCAS, FIAA)
2. CFA charterholder, CFA Institute
3. 15 or more years of progressive experience in insurance/reinsurance, investments, ALM, financial management, capital management, risk management
4. Highly advanced capabilities in risk management and investments, specifically as it pertains to insurance risks such as mortality, longevity, policyholder behavior, and the interplay between assets and liability cashflows
5. Advanced knowledge of a variety of global regulatory accounting and capital frameworks, including principles based economic capital
6. Proven ability to analyze and improve business outcomes
7. Strong oral and written communication skills including the ability to present regularly to C-suite executives and senior leaders
8. Capable of liaising with individuals across a wide variety of operational, functional, geographical and technical disciplines
9. Expert ability to challenge and enhance analytical capabilities
10. Ability to make timely and effective decisions that lead to results

Preferred:

1. Exposure to non-insurance risks (operational, investment market and credit, capital, and strategic)
2. Experience working in virtual and/or remote team environments
3. Exposure to multiple global regulatory, accounting and capital regimes
4. Previous experience with longevity reinsurance or PRT market
5. Experience with other GFS lines of business - Asset Intensive, Financial Reinsurance
6. Knowledge of US GAAP, IFRS, Solvency 2

What you can expect from RGA:

1. Gain valuable knowledge from and experience with diverse, caring colleagues around the world.
2. Enjoy a respectful, welcoming environment that fosters individuality and encourages pioneering thought.
3. Join the bright and creative minds of RGA, and experience vast, endless career potential.

Compensation Range:
$203,045.00 - $253,805.00 Annual

Base pay varies depending on job-related knowledge, skills, experience and market location. In addition, RGA provides an annual bonus plan that includes all roles and some positions are eligible for participation in our long-term equity incentive plan. RGA also maintains a full range of health, retirement, and other employee benefits.

RGA is an equal opportunity employer. Qualified applicants will be considered without regard to race, color, age, gender identity or expression, sex, disability, veteran status, religion, national origin, or any other characteristic protected by applicable equal employment opportunity laws.