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A fantastic opportunity has arisen at RGA for an Actuarial Pricing Analyst to support the growth of the company. The environment is dynamic, and career progression and development is an integral part of the job. We offer a competitive salary, benefits, and a generous study package for studying towards becoming an actuary. In addition, we put emphasis on providing excellent mentoring, training and development programmes and opportunities.
Responsibilities
As an Actuarial Pricing Analyst, you would work within the larger pricing team, working with qualified actuaries and other similar pricing analysts. The larger pricing team comes from a range of diverse backgrounds, including areas such as mathematics, engineering and statistics, but all have qualified or are studying towards becoming an actuary. To learn some of the skills required to be an effective Pricing Actuary, rotation into other actuarial or operations type roles might also be required.
Your main responsibilities will include
Pricing and Modelling
At the heart of what RGA does is provide life and health reinsurance to clients. Your primary responsibility will be to price reinsurance premiums for clients.
The reinsurance market is a competitive one. This means our prices need to strike a balance between being competitive and profitable, which can only be done if we are confident that we have calculated the reinsurance prices as accurately as possible.
Calculating these premiums involves building actuarial models that project life insurance policies into the future. These models will consist of a number of assumptions and features, such as individual mortality rates, interest rates, and capital requirements. Your job will be to help build these models to a high standard.
Developing technical expertise
At RGA, we place significant emphasis on development and career progression. As such, one of the key responsibilities of this role is to enhance and grow your technical expertise. This comes through developing a thorough understanding of RGA’s pricing standards, and also making good progress with the actuarial exams.
RGA are committed to giving you the support you need to develop your skills and take your career to the highest level, and this is reflected in our generous study package. We will fully support your study towards qualification as an actuary – professional study materials, study leave, and significant rewards for making good progress.
New Graduate Development Program
You will be enrolled in RGA's New Graduate Development Program when you join. The program is designed to help you accelerate your knowledge of our business and empower you to grow your career. As an NGDP participant you will join a global cohort to participate in a variety of activities throughout a two-year program while gaining hands-on experience in this position.
Requirements
Qualifications & Experience
We are looking for a graduate who has (or is predicted to achieve) a first in mathematics or a related subject. You need to be analytically strong, highly motivated, and have a desire to pursue an actuarial career. Strong IT skills are a must, and some coding experience, while not necessary, would be desirable.
Your role will usually involve working in a small team. Furthermore, you will also have to liaise with other departments within the company. It is therefore vital that you can have good interpersonal skills and can communicate effectively – both written and orally, within and outside of your team.
As mentioned above, the reinsurance market is a competitive one, so we are looking for someone who is similarly driven and competitive; someone who enjoys learning and has a keen desire to challenge themselves
We offer a competitive benefits package
Company overview
Diversity, equality and inclusion
We are an equal opportunities employer and value diversity at our company. We welcome applications from suitably qualified people with diverse backgrounds and experiences regardless of their race, religion or belief, gender, age, disability, sexual orientation, gender identity, or marital status.
Flexible Working
We are willing to consider flexible working arrangements for all of our roles.
About us
Reinsurance Group of America, Incorporated (NYSE: RGA) is one of the largest global providers of life reinsurance, with offices around the world. RGA delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, financial solutions, facultative underwriting and product development. What do you think? Better yet, how do you think? Have we piqued your curiosity? Consider a career with RGA. It’s the logical choice
