Associate Director

2 weeks ago

Mumbai, Maharashtra, India RGA Full time US$ 1,20,000 - US$ 1,80,000 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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