VP , Pricing Actuary

Reinsurance Group of America · Hamilton

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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

Reporting to the Chief Pricing Officer, the Vice President of Pricing will support the underwriting and acceptance of reinsurance business for RGA’s Bermuda-domiciled operating companies. The role will assist in evaluating new reinsurance, retrocession, and related transactions, with particular focus on pricing, risk, capital, collateral, liquidity, and regulatory considerations. The Vice President will partner with internal stakeholders across RGA, support engagement with the Bermuda Monetary Authority, contribute to the governance of the Bermuda legal entities, and act on behalf of the Chief Pricing Officer as delegated.

What you will do

• Support the Chief Pricing Officer in evaluating internal and external reinsurance, retrocession, and related transactions for the relevant Bermuda legal entity, including the reasonableness of expected pricing returns and, for affiliated transactions, the allocation of expected profits and risks.

• Assess the legal entity’s ability to perform its obligations under transaction agreements across a range of scenarios, with particular attention to capital, collateral, liquidity, and other material risks.

• Evaluate proposed transactions to confirm that the legal entity has the appropriate regulatory authority and that applicable internal underwriting and pricing standards are satisfied.

• Prepare and coordinate regulatory prior-approval submissions and other transaction-related materials, working under the direction of the Chief Pricing Officer and engaging with the Bermuda Monetary Authority as delegated.

• Coordinate with business development, pricing, legal, investments, treasury, collateral management, finance, valuation, tax, Structured Finance, and other functions on complex transactions.

• Ensure appropriate Bermuda legal entity representation on transaction working teams and participate directly in those teams as required.

• In partnership with Enterprise Pricing, develop, implement, and maintain pricing guidelines for the Bermuda legal entities.

• In partnership with the Risk function, develop, implement, and maintain pricing guidelines for the Bermuda legal entities.

• Support the Underwriting Committee of the Bermuda legal entities, including preparing materials, coordinating relevant input, and helping maintain and consistently apply underwriting standards.

• Monitor transaction performance against pricing and underwriting expectations, identify emerging issues, and recommend appropriate actions.

• Oversee the administration of transactions, including retrocessions, that are not administered by regional offices.

• Maintain a strong understanding of the products, risks, business flows, accounting methodologies, valuation approaches, and capital calculations associated with the legal entities’ reinsurance and retrocession transactions.

• Support the management team in establishing and delivering the purpose, goals, and objectives of the Bermuda legal entities and contribute to entity governance activities.

• Review new and proposed regulatory requirements with relevant members of management and assess their implications for pricing, underwriting, and transaction governance.

• Provide subject-matter expertise for business development activities, special projects, and strategic initiatives.

• Coordinate responses to regulator, client, auditor, and other stakeholder requests.

• Where applicable, hire, train, coach, evaluate, and develop direct reports while fostering a positive and engaged work environment.

Qualification

• Bachelor’s Degree 

• 10 years of relevant actuarial experience in life reinsurance in either a pricing, business development, valuation, capital or risk related role (ideally, exposure to more than one)

• Bermuda re/insurance industry knowledge 

• Must be a Fellow of a relevant Actuarial Professional Body (e.g. IFoA, SOA) 

• Advanced oral and written communication skills demonstrating ability to share and impart knowledge and complex information. 

• Advanced ability to recognize and articulate process improvement opportunities and capability gaps. 

• Proven Ability to adapt to changing circumstances 

• Ability to appropriately balance priorities, deadlines, and deliverables with departmental goals and objectives. 

• Advanced ability to collaborate and liaise with individuals across a wide variety of operational, functional, and technical disciplines. 

• Advanced ability to translate business needs and problems into implementable specifications and support the implementation of technical and business solutions. 

• Advanced understanding of reinsurance concepts and methods 

Preferred Skills

• Reinsurance Corporate structure and legal entity flow knowledge 

• EBS and BSCR expertise 

• SBA experience 

• Ability to manage life actuarial team and possess strong leadership skills 

• Able to plan long term deliverables and ensure tasks are planned and timely 

• Must have the ability to communicate in a constructive manner to all stakeholders including the Board and Senior management 

• Ability to work collaboratively with different functions internally and externally. 

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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.

We’re excited to get to know you and connect your unique skills with our global opportunities. To create a modern and seamless experience, we use artificial intelligence (AI) in parts of our preliminary screening process. This technology helps us personalize job recommendations, automate interview scheduling, evaluate candidates based solely on experience—without considering name, gender, or other personal details—and provide real-time answers through our chatbot. AI is used only during early screening and never makes hiring decisions. Your RGA recruiter will work closely with you every step of the way to ensure the process feels personal, thoughtful, and focused on you.

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