Senior Actuary

Hannover Life Reassurance Company of America (Hannover Re) is currently seeking talented candidates for a full-time Sr Actuary position within the Life Solutions department. Below is more information regarding the essential functions of this position and required qualifications.

You can look forward to:

The purpose of this role is to ensure the financial success of Life Solutions through the development and implementation of compelling reinsurance solutions for client companies that achieve appropriate returns relative to the risk profiles assumed by Hannover Re affiliates.

Responsibilities include performing significant modelling and analysis, conducting product and industry research, helping prepare materials for management and client presentations, and participating in occasional discussions with clients and internal key stakeholders.

Essential Functions:

• (60%) Modelling in actuarial projection systems and other platforms to support the pricing, structuring, and ongoing risk analysis of life and/or long-term care reinsurance solutions. Reviews prospective deal and product specifications, develops actuarial assumptions, and projects financial outcomes to assist in the development of reinsurance solutions. Works closely with various key stakeholders across the organization to support the pricing and risk evaluation processes. Produces all required documentation for the final pricing package for desired opportunities.
• (20%) Evaluates treaties open for new business considering revised sales practices, underwriting requirements, product changes, and actuarial assumptions. Informs leadership of expectations along with recommended actions.
• (10%) Researches regulatory developments, product filings, client developments, and other aspects necessary to ensure the relevance and value of life and/or long-term care reinsurance solutions.
• (10%) Other ad-hoc/project-based responsibilities.

You come equipped with:

Competencies:

• Ensures Accountability
• Manages Complexity
• Communicates Effectively
• Drives Results
• Collaborates

Essential knowledge, skills, and abilities:

• Bachelor’s degree in Actuarial Science, Statistics, Mathematics or similar
• Fellow of the Society of Actuaries (ASA seeking FSA will be considered)
• 5+ years of experience in an actuarial role
• Excellent data analysis and technical skills
• Excellent verbal, written, and interpersonal communication skills
• Strong problem-solving and critical thinking skills

Desired knowledge, skills, and abilities:

• Programming knowledge: R, SQL, VBA
• Actuarial modelling experience: Risk Agility, MG-ALFA, or similar
• Insurance product knowledge: Life insurance and/or long-term care

Travel:

• 5% - Domestic travel to team and department meetings, industry conferences, and occasional client meetings.

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 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.

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.

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