Associate Director

2 weeks ago

Mumbai Metropolitan Region, India Reinsurance Group of America, Incorporated Full time ₹ 15,00,000 - ₹ 30,00,000 per year

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 200 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.

General Summary
Pricing actuaries are responsible for the pricing of individual business through pricing basis derivation, modeling, risk analysis and other new business development activities.

Responsibilities

  • Pricing and associated data analytics. Set and periodically update pricing bases.
  • Contribute to new products and reinsurance structures design.
  • Ensuring delivery of quotes on time adhering to the quality standards.
  • Drafting proposal and treaty documentation.
  • Research and develop areas of pricing expertise as required.
  • Assist with review of business and product mandates for the local business mandate.
  • Maintaining complete and accurate pricing documentation.
  • Interacting with clients on data issues and other issues to ensure the data used for pricing is complete and accurate.
  • Involvement in any project-type activities from time to time.
  • Manage timely internal reporting documentation requirements.
  • Understanding of RGA internal standards and meeting them.
  • Experience analysis and monitoring of existing business.
  • Identify, assess, and measure, monitor, and manage insurance risk and report on time.
  • Manages professional development of team, create culture of excellence within the team and ensures it is desirable place to work.

Education And Experience

  • Bachelors' or Masters' degree in Mathematics, Finance, Statistics, Actuarial Science or a related field.
  • Qualified actuary of a globally recognized actuarial association.
  • Minimum of 12 years' experience in handling various aspects of the actuarial or analytical function of an insurance/reinsurance/financial business; pricing experience is a definite plus.
  • Strong IT skills – sound working knowledge of MS Excel, Macros, MS Word and Actuarial software; Axis experience is strongly preferred.
  • Excellent oral and written communication skills.
  • Strong interpersonal skills with the ability to manage teams, negotiate and influence others.

Skills And Abilities

  • Strong technical skills and attention to detail
  • Ability to effectively participate and help foster, a team-based work environment.
  • Proven track record of setting and meeting individual and team goals in a project oriented, customer-focused environment.
  • Ability to work independently and as part of a team and deal with multiple stakeholders within the business.
  • Highly organized, delivery-orientated with the ability to work with multiple concurrent projects.

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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