Senior Actuary, Collateral Management Specialist

3 weeks ago


Toronto, Ontario, Canada RGA Reinsurance Company Full time
Job Summary

We are seeking a highly experienced and skilled actuary to join our team as a Senior Actuary, Collateral Management Specialist. This role will be responsible for managing and optimizing collateral performance across our Global Financial Solutions (GFS) product lines.

Key Responsibilities
  • Collateral Management
    • Develop and implement a holistic approach to enhance collateral performance across all GFS product lines.
    • Lead the design and development of new approaches to collateral management, driving industry-leading innovations and differentiation in the marketplace.
    • Utilize experience studies and work with teams to optimize collateral and support organizational balance sheet optimization efforts.
    • Partner with corporate partners to ensure consistency and alignment with corporate risk measures, investment philosophy, and strategic objectives.
    • Collaborate with GFS's market risk services and investment operations to consider derivative usage to achieve above objectives.
  • Inforce Management
    • Leverage a deep understanding of the dynamics impacting the income statement and balance sheet for this line of business to support product inforce management and product development teams in GFS.
    • Work with GFS product line leaders to improve the inforce business model for enhanced product level performance.
    • Serve as a contributor to the inforce risk management process, identifying and analyzing potential impacts to the risk management programs, product pricing, business mix, currency exposures, and assets under management.
  • New Business Pre-Binding Review
    • Leverage in-depth knowledge of assets and market risk to support the assessment of risk and treaty reviews for proposed new transactions.
    • Provide guidance to deal teams, GFS Leadership, Structured Finance, and CLC, including recommendations for collateral packages, as well as new/developing collateral business processes.
    • Review the risk analysis and treaty documents for new or amended transactions, highlighting any potential areas of heightened risk, providing feedback/recommendations to mitigate risk, escalating where necessary.
    • Provide a recommendation to VP Longevity & Capital Solutions Inforce & Risk Management and Collateral and Liquidity Committee (CLC) (upon request) prior to entering into new transactions as to its viability and manageability.
  • Leadership and Management
    • Develop functional (collateral) strategies and initiatives to support an overall vision and drive through to successful implementation.
    • Demonstrate the ability to be a thought leader and change agent, designing, driving, and implementing change, ensuring understanding, participation, and ownership amongst all impacted stakeholders.
    • Exhibit excellent leadership skills, leading within and across teams with members spread across multiple geographies, particularly gaining cooperation from those members outside the direct chain of command, across a wide variety of operational, functional, and technical disciplines.
Requirements
  • Fellowship in a recognized actuarial organization (FSA, FIA, FCAS, FIAA).
  • CFA charterholder, CFA Institute.
  • 20+ years of progressive experience in insurance/reinsurance, investments, ALM, financial management, capital management, risk management.
  • Highly advanced capabilities in risk management and investments, specifically as it pertains to insurance risks such as mortality, longevity, policyholder behavior, and the interplay between assets and liability cashflows.
  • Advanced knowledge of a variety of global regulatory accounting and capital frameworks, including principles-based economic capital.
  • Proven ability to analyze and improve business outcomes.
  • Strong oral and written communication skills, including the ability to present regularly to C-suite executives and senior leaders.
  • Capable of liaising with individuals across a wide variety of operational, functional, geographical, and technical disciplines.
  • Expert ability to challenge and enhance analytical capabilities.
  • Ability to make timely and effective decisions that lead to results.
Preferred Qualifications
  • Exposure to non-insurance risks (operational, investment market and credit, capital, and strategic).
  • Experience working in virtual and/or remote team environments.
  • Exposure to multiple global regulatory, accounting, and capital regimes.
  • Previous experience with longevity reinsurance or PRT market.
  • Experience with other GFS lines of business - Asset Intensive, Financial Reinsurance.
  • Knowledge of US GAAP, IFRS, Solvency 2.

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