Pricing Analyst

As a Pricing Analyst at RGA you will be responsible for assisting the Senior Pricing Actuaries in the pricing of individual and group business through modelling, risk analysis and other new business development activities.

As part of this opportunity you will gain exposure to the Australian and New Zealand life insurance industry through our clients. You will build on your technical actuarial skills, as you progress towards completing your Actuarial Fellowship. Our actuaries are life insurance experts and uniquely positioned to provide non-traditional solutions to our clients.

• Responsibilities

This role will focus on supporting the Pricing (Individual and Group) function to : _ _

• Conduct accurate and timely modelling, risk analysis, and other new business development activities
• Draw from a range of information sources to diagnose and respond to problems and issues
• Contribute to the design of reinsurance transactions
• Model and analyse quotes using the approved pricing basis
• Use statistical and / or actuarial approaches to interpret issues and identify business risks
• Make pricing recommendations based on work completed
• Review treaty and addendum wordings and ensure consistency with offer documents and other documentation
• Review technical work of other pricing team members for completeness and accuracy and provide training to new team members
• Assist in product development initiatives

In addition to the above, this role will see you be exposed to and allow you to contribute to :

• Marketing & Research (support in the development of marketing initiatives and assist with research, experience studies and internal reviews)
• Participating in knowledge sharing initiatives within the team
• Identify continuous improvement opportunities that impact a particular work practice / process
• Evaluate work practices to minimise rework and maximise productivity
• Support and assist to identify project tasks, activities and dependencies
• Identify various options and seek optimal solution in modelling data
• Develop appropriate models to manipulate and model data
• Consider data modelling issues and proposes process improvements to minimise risk of error
• Requirements
• Qualifications & Experience : _
• Bachelor's degree in math, finance, statistics, actuarial science or related field
• Working towards actuarial qualification with the Institute of Actuaries of Australia (or equivalent body)
• Modelling and data capabilities are an advantage
• Skills & Competencies : _
• Solid understanding of life insurance market and products _(preferred)_
• Innovative, proactive and improvement oriented
• A learning orientation with effective research skills
• Strong interpersonal skills with the ability to negotiate and influence others
• Strong technical skills
• Excellent communication skills - both written and verbal
• Advanced Excel skills
• Confident user of programming languages such as R
• Highly motivated, results oriented and solutions focused
• Highly organised with ability to effectively prioritise and self-manage workload
• Analytical and conceptual mind with an attention to detail
• An ability to work as part of a team and deal with multiple stakeholders within the business
• Ability to work effectively under pressure
• Have a curious mindset and not be afraid to challenge the status quo
• Company Overview

Reinsurance Group of America, Incorporated, is among the leading global providers of life reinsurance and financial solutions, with approximately $3.5 trillion of life reinsurance in force and assets of $92.2 billion as of December 31, 2021.

Founded in 1973, today RGA is widely recognised for its deep technical expertise in risk and capital management, innovative solutions, and commitment to serving its clients. With headquarters in St. Louis, Missouri and operations in over 20 countries, RGA delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, facultative underwriting, product development, and financial solutions.

• Why RGA? Together we explore a world of possibilities

RGA's culture is a magnet for a certain type of person - an individual who embraces collaboration, is intellectually curious and energised by challenges, and who is driven to work on problems and develop the best solutions.

RGA offers an environment where you can be challenged as you learn and grow, while working with exceptional people from around the world.

Job Reference : AU00425