VP Actuary

Hannover Life Reassurance Company of America (Hannover Re) is currently seeking talented candidates for a full-time VP, Actuary position, within the CSS – Financial Reporting & Valuation department. Please see below for more information regarding the essential functions of this position, required qualifications, and how to apply.

This position is responsible for all aspects of the analysis, valuation, forecast and financial reporting for certain life and annuity reinsurance business referred to internally as Structured Solutions business. This includes ensuring timely and accurate analysis and reporting on all financial basis relevant to Hannover Re, critical review of business drivers and client reporting and oversight of actuarial models supporting the valuation of the business.

Essential Functions:

• Oversees and coordinates the preparation of, reviews, approves and explains financial results on US statutory, IFRS, Solvency II, fair value, and other relevant financial basis to senior management. Ensures timely and accurate reporting of financial results. This includes:
• Ownership of the actuarial models and model results supporting the valuation
• Ensuring that appropriate controls are in place, ensuring that junior team members are aware of and adhere to these controls.
• Seeks to establish common practices across all of FRV.

(20%) Performs ongoing in-force management of assigned deals. This includes:

• Monitoring actual experience against expectations in order to keep management informed of performance and allow for any corrective action, if needed.
• Proactively identifying areas for improvements in operational efficiency in administering and reporting deals in order to enhance the value of the organization by minimizing operational costs.

(10%) Manages and develops actuarial staff such that they demonstrate an ability to assume increasing levels of responsibility as they grow to become key contributors to the organization in the future.

(5%) Ensures the timely completion of audits by providing timely support to auditors, developing and maintaining appropriate records to support audit requests and by responding effectively to both internal / external auditor requests. Assist internal auditors with client audits of in-force business.

(5%) Collaborates within the department and organization on special projects and initiatives utilizing actuarial and business expertise, as needed. Collaborates effectively across other functional areas including Corporate Finance, FP&A, and ERM.

Competencies:

• Financial Acumen
• Manages Complexity
• Drives Results
• Communicates Effectively
• Plans and Aligns

Qualifications

Essential knowledge skills and abilities:

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics or similar
• 8+ years of actuarial experience across financial reporting and/or pricing roles
• Fellow of the Society of Actuaries or Associate with relevant experience
• Actuarial modelling experience: MoSes, Risk Agility, MG-ALFA, TAS or similar
• Computer software: Proficient in Microsoft Excel
• Life Insurance and Annuity product knowledge; Reinsurance knowledge
• Financial reporting knowledge: US Stat/GAAP, Solvency II, IFRS17
• Strong writing skills and verbal communication

Desired knowledge skills and abilities:

• Member of the American Academy of Actuaries
• Experience with valuation or pricing of modern life or annuity products
• Proficient with Microsoft Word, Powerpoint, SQL/Access

Travel:

• Limited travel expected (<5%)

Total Compensation Range (Inclusive of Base + Bonus) :

• $196,700 - $280,100

Benefits Include: - Comprehensive medical, dental, and vision - Paid Time Off (PTO) - Company provided life insurance and disability benefits - 401(k) and profit sharing - Additional ancillary benefits available

Hannover Re seeks to attract the best-qualified candidates who support the mission, vision and values of the company and those who respect and promote excellence through diversity. We are committed to providing equal employment opportunities (EEO) to all employees and applicants without regard to race, color, creed, religion, sex, age, national origin, citizenship, sexual orientation, gender identity and expression, physical or mental disability, marital, familial or parental status, genetic information, military status, veteran status or any other legally protected classification. The company complies with all applicable state and local laws governing nondiscrimination in employment and prohibits unlawful harassment based on any of the aforementioned protected classes at every location in which the company operates. This applies to all terms, conditions and privileges of employment including but not limited to: hiring, assessments, probation, placement, benefits, promotion, demotion, termination, layoff, recall, transfer, leave of absence, compensation, training and development, social and recreational programs, educational assistance and retirement.

We are committed to making our application process and workplace accessible for individuals with disabilities. Upon request, Hannover Re will reasonably accommodate applicants so they can participate in the application process unless doing so would create an undue hardship to Hannover Re, or a threat to these individuals, others in the workplace or the company as a whole. To request an accommodation, email HRLUS-personnel@hannover-re.com. Please allow for 24 hours to process your request.

We will accept applications until a candidate has been identified and selected to fill this position.