5 days ago Be among the first 25 applicants
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
You desire impactful work.
You'reRGA ready
RGA is a purpose-driven organization working to solve today's challenges through innovation and collaboration.
A Fortune 500 Company and listed among itsWorld'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.
A Brief Overview
As a Pricing Actuary, the successful candidate will work as a senior member within the Pricing Team to ensure delivery of superior client service to our clients.
What You Will Do
Conduct pricing of Group and Individual quotes, including Data analysis and risk assessment to set pricing assumptions; Modelling of reinsurance transactions utilising Excel and AXIS software; Appropriateness of reinsurance design/structure; Analysis of pricing results and competitiveness of terms; Assisting Senior Pricing Actuaries in the formation of recommendations; Documentation of pricing reports for all quotes performed; - Acts as a mentor for colleagues with less experience, and provides technical and peer reviews.
Leads projects using standard processes for renewals on existing business, demonstrating a sound knowledge of RGA's approved pricing basis and legislative and corporate compliance requirements.
Works independently to resolve complex problems and provides new perspectives on existing solutions, identifying and implementing efficiencies into the pricing process.
Ensuring sound pricing processes and procedures are followed by the pricing team, demonstrated by the achievement of positive results within regular internal pricing audits.
Product Design and Terms Assistance in the development of competitive sustainable product terms, including input to proposed product design and risk assessment, and determination of associated pricing implications.
Input to market analysis of product and pricing positioning.
Communication with internal and external clients to Solicit input on considerations for the quote or opportunity; Keep all parties informed on progress of quoting activity, discussing offered terms and rates; Close collaboration with BD team; Respond to day-to-day pricing and product related client queries.
Letters of Offer/Treaties Ensure offers and negotiations reflect Divisional standards and protect RGA's interests; Provision of pricing input to reinsurance treaties to ensure consistency with offer documents and other pricing documentation.
Pricing Bases Assistance with experience studies and treaty profitability reviews; Obtaining client feedback for research needs.
Industry Knowledge and Market R&D Contribute to knowledge sharing initiatives within the team; Build and utilise internal resources with the aim of improving business practices.
Understanding the implications of underwriting, claims and operational requirements on reinsurance design and pricing.
Demonstration of an understanding of the various distribution channels for provision of Individual and Group life insurance, including Corporate, Master Trust and Industry Fund segments.
Keep abreast of local trends that may affect pricing function, and disseminate among the pricing team as appropriate.
Communicate witnessed emerging trends and recommend specific action to capitalise on opportunities arising; Respond appropriately to observed threats; Maintain effective pricing risk and compliance controls.
Qualifications
5+ Years experience working in either a reinsurance and/or pricing role.
Group pricing experience Required
Experience in capital-related fields Preferred
Qualified FIAA Required
Strong client service focus Required
Strong interpersonal skills with the ability to negotiate and influence others Required
Strong technical skills and a willingness to muck in Required
Solid understanding of life insurance market and products Required
Sound understanding of legislative and corporate compliance requirements Required
A learning orientation, proactive approach and ability to research information Required
Excellent communication and presentation skills – both written and verbal Required
Advanced MS Office suite - Excel, Word, Powerpoint Required
Confident user of programming languages such as R Required
Ability to challenge and enhance existing analytical methodologies Required
Highly organised with ability to effectively prioritise and self-manage workload Required
Ability to understand and define data/reporting requirements with stakeholders, analyse them and define solutions using the most appropriate tool Required
Qualified FIAA Required
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.
Seniority level
Seniority level
Mid-Senior level
Employment type
Employment type
Full-time
Job function
Job function
Finance and Sales
Industries
Insurance
Referrals increase your chances of interviewing at Reinsurance Group of America, Incorporated by 2x
Get notified about new Pricing Actuary jobs inMillers Point, New South Wales, Australia.
Sydney, New South Wales, Australia 6 days ago
Sydney, New South Wales, Australia 9 hours ago
Sydney, New South Wales, Australia 2 weeks ago
Group Pricing Actuary / Senior Group Pricing Actuary
Sydney, New South Wales, Australia 4 days ago
Norwest, New South Wales, Australia 1 week ago
Senior Casualty Underwriter, Major Accounts Division
Sydney, New South Wales, Australia 2 weeks ago
Sydney, New South Wales, Australia 1 day ago
Sydney, New South Wales, Australia 1 day ago
Sydney, New South Wales, Australia 23 hours ago
Sydney, New South Wales, Australia A$100,000 - A$130,***** weeks ago
Sydney, New South Wales, Australia 6 days ago
We're unlocking community knowledge in a new way.
Experts add insights directly into each article, started with the help of AI.
#J-*****-Ljbffr