Research Analyst / Actuary in London

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.

A Brief Overview

The role holder will be an important part of the UK Actuarial Research team, leading and taking part in projects across all aspects of the team's responsibilities. The UK Actuarial Research team is a key business partner for all actuarial teams in the UK, producing assumptions for pricing and valuation for all lines of business. The ideal candidate will be intellectually curious and intrinsically motivated by the pursuit of new insights, knowledge and improving existing processes/methods.

What you will do

• Basis Development
  • Produce and regularly update the best-estimate pricing and valuation assumptions for UK lines of business including Term and Whole of Life, Critical Illness, Longevity risk products, including occupational pension scheme longevity risk transfers and individual annuities, and Impaired Life Annuities.
  • Ensure the above bases are regularly monitored and reviewed as necessary.
  • Contribute to continuing process improvement within the team, including increased automation and adoption of advanced tools (e.g. AI, cloud computing platforms).
• Other Research
  • Contribute to RGA's goal of being a leading individual life mortality and morbidity reinsurer in all markets in which it operates.
  • Maintain knowledge of reinsurance products and markets in the UK and contribute to strategy to enter or exit product lines.
  • Enhance our current statistical models of mortality, morbidity and persistency - in particular to further supplement traditional actuarial experience studies.
  • Use predictive modelling techniques and be aware of the opportunities to apply them in the UK Insurance market for the benefit of RGA and its clients.
  • Manage ad-hoc research projects which enhance RGA's knowledge of the risks that we take.
• Marketing
  • Assist in building RGA's corporate profile and contribute to RGA's marketing efforts in the UK and Ireland.
  • Be a member of, and actively contribute to, industry working parties.
  • Present at seminars and events.
  • Present to specific clients on specialist topics.
  • Contribute to internal RGA committees worldwide on specific areas of best practice or technical development.
  • Ensure UK developments are properly leveraged within RGA worldwide.

Qualifications and Experience

• Nearly or newly qualified actuary.
• Minimum of 3 years experience working in an actuarial role.
• University degree in a numerical subject, with a grade of 2.1 or better.

Skills and Abilities

• Required:
  • Knowledge of actuarial concepts underpinning mortality, morbidity and persistency studies.
  • Knowledge of the UK insurance marketplace, including Life assurance, Critical Illness and Annuity products.
  • Ability to work with minimal guidance for extended periods of time, utilising other resources as appropriate to deliver responsibilities.
  • Advanced investigative, analytical and problem-solving skills.
  • Advanced knowledge of Microsoft Office suite, especially Excel.
  • Knowledge of statistics and statistical modelling.
  • Experience in, and aptitude for, programming to improve processes and create tools.
  • Ability to work well in a team environment, participate in department/team projects and balance detail with departmental objectives.
  • Effective time management skills.
  • Ability to communicate complicated technical concepts clearly, both verbally and in written form.
• Preferred:
  • Advanced knowledge of programming languages commonly used for data analysis and modelling (e.g. R, Python, SQL).
  • Previous use of statistical modelling techniques such as Generalised Linear Modelling.
  • Experience of either reinsurance or direct office environments.
  • Medical knowledge, including the UK medical marketplace.
  • Ability to read and critically assess academic and commercial research papers.

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.