AVP Actuary

Hannover Life Reassurance Company of America (Hannover Re) is currently seeking talented candidates for a full-time AVP, Actuary position within the CSS – Financial Reporting & Valuation department.

This position is responsible for all aspects of financial analysis, valuation, reporting, and forecasting of certain non-traditional life and/or annuity transactions sourced by Hannover Re US. This includes analysis of performance compared to pricing and valuation expectations, assessment of the reasonableness of client reporting, and the calculation of actuarial items on US statutory, IFRS, Solvency II, and other relevant reporting bases.

Essential Functions:

(50%) Coordinates the preparation of, and reviews, approves, and communicates the US statutory, IFRS, Solvency II, fair value, and other financial results of assigned categories so that Hannover Re's financial performance and forecasted expectations are accurately reported to senior management, regulators, and other stakeholders.

(30%) Performs ongoing in-force management of assigned deals. This includes:

• Monitoring actual experience against expectations to keep management informed of performance and allow for any corrective action, if needed.
• Identifying areas for improvements in operational efficiency in administering and reporting deals to enhance the value of the organization by minimizing operational costs.
• Maintaining actuarial models to a high standard with emphasis on transparency and ensuring that appropriate controls are in place and effective.

(10%) Manages and develops one or more actuarial staff so that they can contribute to the company and grow their skills and knowledge to become key contributors to the organization in the future.

(5%) Participates in the audit process, as needed. This includes assisting internal auditors with client audits of in-force business as well as working with external audit partners to audit financial statements efficiently.

(5%) Collaborates within the department and organization on special projects and initiatives utilizing actuarial and business expertise, as needed.

Competencies:

• Financial Acumen
• Manages Complexity
• Strategic Mindset
• Resourcefulness
• Situational Adaptability

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
• Actuarial modelling experience: Risk Agility FM, MG-ALFA, or similar
• 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
• Working knowledge of R, Python, or similar

Travel:

• Limited travel expected (<5%)

Total Compensation Range (Inclusive of Base + Bonus):

• $166,900 - $237,700

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.

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.

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