Senior Actuary

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

You can look forward to

This role is responsible for actuarial analysis, reporting, and modeling of life and/or annuity transactions to support the quarterly financial reporting, experience/performance analysis, and internal capital model/seed run processes for non-traditional reinsurance structures.

Essential Functions:

• (40%) Build and maintain accurate and efficient actuarial models for nontraditional reinsurance structures to ensure appropriate expectations are set and communicated to management of the performance and risk level of the underlying transactions.
• (20%) Assume responsibilities for certain categories for quarterly reporting of non-traditional life and/or annuity solutions. Responsibilities include initiating, developing, peer reviewing, and providing analysis and evaluation of model results, and presenting results in an appropriate manner for further actuarial review.
• (20%) Enhance reporting processes to report accurately and efficiently under different bases, e.g. US and Bermuda statutory, IFRS, and Solvency II including internal capital modeling.
• (10%) Assist in or lead projects that come up on an ad hoc basis.
• (10%) Assist in the development of actuarial students.

You come equipped with

Competencies:

• Decision Quality
• Action oriented
• Optimizes work processes
• Resourcefulness
• Situational adaptability

Essential knowledge, skills, and abilities:

• Bachelor’s degree in Actuarial Science, Statistics, Mathematics or similar.
• 5+ years of actuarial experience across financial reporting and/or pricing roles.
• Associate (ASA considered with 5+ years experience) or Fellow of the Society of Actuaries.
• Actuarial modelling experience: Risk Agility FM, MG-ALFA, GGY Axis, or similar.
• Proficiency in Microsoft Excel with Visual Basic (VBA), SQL.
• Insurance product knowledge: Term, ULSG, FIA/FA, VA.
• Business knowledge: Reinsurance, Solvency II, IFRS17, US Stat, CARVM/AG33.
• Strong verbal communication, excellent writing skills, outstanding problem solving acumen.

Desired knowledge, skills, and abilities:

• Member of the American Academy of Actuaries.
• Experience with the valuation and/or pricing of modern life or annuity products.
• Proficiency in R Studio, Python, or similar.

Travel:

• Limited travel expected (<5%).

Total Compensation Range (Inclusive of Base + Bonus):

• $111,500 - $198,100.

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 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.