(Senior) Actuarial Associate

Hannover Life Reassurance Company of America (Hannover Re) is currently seeking talented candidates for a full-time Actuarial Associate / Sr Actuarial Associate position within the Annuity Solutions department.

You can look forward to

An Actuarial Associate is a rotational position in Hannover Re’s Actuarial Development Program (“ADP”), with an expectation that the Actuarial Associate will be in a rotation for approximately 18-24 months before moving to another rotational role or taking a role outside of the ADP.

The Actuarial Associate’s primary responsibility is to support the business needs of the respective department while maintaining good standing in the ADP.

Essential Functions:

(15%)Participating and maintaining good standing in the Actuarial Development Program.

(50%)Technical support and analysis

• Reviews and analyzes annuity products, both for due diligence and market competitive comparison.
• Summarizes and evaluates all considerations related to a potential block of business: experience, demographics, assumptions, product options, etc., to aide in the pricing of the business.
• Builds and/or runs actuarial models, including baseline and sensitivities, for annuity business for pricing package or capital calculations.
• Enhances and codes actuarial models to accurately reflect reinsurance treaty mechanics.
• Produces all requested/required analysis to support due diligence for a proposed transaction.

(25%)Business management and collaboration

• Comprehensively documents and is prepared to speak to completed analysis for internal or external stakeholders.
• Actively manages multiple priorities and responsibilities.
• Looks for ways to improve analysis and/or processes.
• Proactively works to build strong relationships with others in the department and the company.
• Actively participates in meetings, asking questions, answering questions and/or providing valuable input.
• Assists peers and Actuarial Interns, as requested or required, to foster growth and development within the department.

(10%)Ad-hoc projects / Other

• Assists with ad-hoc projects in the department or company, as needed.
• Researches annuity products, market trends, industry experience studies, etc., as directed.

You come equipped with

Competencies:

• Manages complexity
• Self-development
• Tech savvy
• Decision quality
• Resourcefulness

Essential knowledge skills and abilities:

• Bachelor’s degree in Actuarial Science, Statistics, Mathematics or similar
• Must be actively seeking ASA, then FSA credential from the Society of Actuaries
• 2+ years of experience in an actuarial role
• Intermediate PC skills, to include Microsoft Office
• Technical actuarial aptitude
• Good verbal and written communication skills

Desired knowledge skills and abilities:

• Programming knowledge: R, SQL, VBA
• Actuarial modelling experience: MG-ALFA, Risk Agility
• Experience with Solvency II or stochastic based capital
• Understanding or experience of annuity products sold in the US
• Understanding or experience with reinsurance
• Understanding or experience with CARVM, AG33, AG43

Travel:

• Expected minimal travel requirements at pre-ASA level, light travel at ASA to FSA level may be requested

Total Compensation Range (Inclusive of Base + Bonus):

• $72,800 - $159,600

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 making our application process and workplace accessible for individuals with disabilities.

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