VP, Actuary – EMEA Valuation

Role Overview

• Lead and manage the end-to-end valuation reporting process for the Financial Solutions business in the region, covering US GAAP, Solvency II, US Statutory plus other bases as required.
• Leads the development and streamlining of valuation models, processes and analytics, providing actuarial and business judgement to ensure accurate delivery.
• Liaises with Finance, stakeholder teams and senior management in understanding and communicating results.
• Liaises with Business Development and Pricing teams in understanding transaction pipelines and ensuring that valuation infrastructure can support ongoing growth opportunities.
• Reviews and approves the implementation of actuarial models and data feeds into the financial reporting platform.
• Leads the assessment of the performance of valuation model results against actual experience, advising on and implementing changes to models, processes and assumptions as required.
• Leads the proposal of assumption changes for relevant business lines, working with partner teams.
• Serves as a liaison with other lines of business and company functions to promote improvement in valuation approaches; leads and influences on practices where appropriate.
• Enhances and supports governance activities and the control infrastructure.
• Accountable for maintaining a strong control environment and reporting accordingly (including liaising with Audit, Risk and other teams).
• Develops and maintains relevant experience monitoring analytics, reviews actuarial assumptions, and makes recommendations on assumption updates as needed.
• Deliver business plan, internal capital, risk reporting and other requirements.
• Proactively engages with partner teams.
• Mentors associates and gives guidance on associate development.
• Support other business lines as required.

Requirements

• Actuarial experience in life insurance/reinsurance including 3-5 years managerial and leadership experience.
• Fellow of Institute of Actuaries or equivalent.
• Strong understanding of reserving techniques across different bases.
• Familiarity with US GAAP and Solvency II financial reporting.
• Familiarity with longevity insurance and reinsurance products.
• Strong ability to understand quantitative output, using understanding of the financial models and validating against business experience.
• Advanced understanding of insurance financial metrics and analysis techniques.
• Highly advanced PC and technical skills, including database applications (Access, Oracle, SQL, or equivalent technology), spreadsheets, statistical programs, and actuarial software (MoSes, TAS, AXIS, Prophet, or equivalent).
• Advanced communication skills, demonstrating the ability to convey business terminology that is meaningful and well received by all stakeholders, including customers and associates.
• Advanced interpersonal skills, demonstrating the ability to work effectively with different disciplines, including pricing, investments, accounting, systems, and administration.
• Excellent communication and stakeholder management skills.
• Ability to identify and help drive process improvement initiatives.
• Ability to balance leading, managing and individually participating.

Tech Stack

• Oracle
• SQL

Benefits

• 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.