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Sr Actuary

Reference Number:  2780
Contract Type:  Regular
Working Time:  Full-Time

Hannover Re - with around 4,000 employees at locations all over the world. Our strength? Connecting Power: We rely on each other. As a reinsurer, we protect customers in the event of a claim. This requires customised, innovative solutions. Solutions that worked yesterday may be outdated tomorrow. We challenge ourselves and continuously optimise our services, advice and products. All this makes us one of the leading and most profitable reinsurance groups in the world and a reliable employer.

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

You can look forward to

Job Summary:

 

A Senior Actuary is a non-rotational position outside of the Actuarial Development Program (“ADP”). The purpose of the role is to support the modelling function for certain Life Solutions Traditional business.  Responsibilities include transitioning pricing models to valuation models; building and enhancing valuation models; developing, maintaining, and improving associated processes, tools and documentation; and maintaining strong model governance protocols.

 

Essential Functions:

 

(75%) Model Development:

  • Deliver all material aspects of modelling function as it relates to certain Life Solutions Traditional business including:
    • Conversion of new business pricing models to valuation models on a timely basis
    • Ongoing enhancement and refinement of models with associated documentation and quantification of impact
    • Address model issues raised by model validation processes
    • Development and maintenance of tools and processes to track model function progress and accomplishments.  
  • Identify, implement and maintain strong model governance procedures including control framework and associated documentation.
  • Establish and maintain effective and timely working relationships and processes between team and key stakeholders, particularly with pricing.
  • Identify and implement enhancements to model handoff process to streamline process and optimize the use of company resources.

 


(15%) Ad-hoc modeling support:

  • Serve as liaison for the corporate modeling team with respect to the actuarial infrastructure and modeling support system
  • Support ad-hoc requests from our business partners including DAO, PAC, MRF, FRV, IFM
  • Complete modelling related projects as assigned

 


(10%) Develop and Support CA staff and contractors:

  • Help CA Staff achieve their personal professional goals
  • Enhance technical skillset of CA team

You come equipped with

Competencies:

 

  • Ensures Accountability
  • Drives Results
  • Collaborates
  • Plans & Aligns
  • Nimble Learner

 

 

Essential Knowledge, Skills, and Abilities:

 

  • Bachelor’s degree in Actuarial Science, Mathematics or related from an accredited college or university
  • Fellow of the Society of Actuaries or Associate of the Society of Actuaries pursuing an FSA
  • 5+ years of experience in an actuarial role
  • Effective verbal, written and interpersonal communication skills
  • Ability to manage competing priorities and meet deadlines
  • Intermediate/Advanced skills in MS Office Suite: Excel
  • Programming knowledge (SQL, Python, C++) or actuarial modelling software experience

 

Desired Knowledge, Skills, and Abilities:

 

  • Actuarial modelling experience in Risk Agility
  • Demonstrated effective cross functional relationship building with operations and inforce management teams.  
  • Working knowledge of Solvency II, IFRS17, and VM-20 valuation and related modelling requirements.
  • Project management experience

 


Travel:

 

  • 5% - domestic travel, including overnight stays


Compensation (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. 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 HLRUS-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.

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