Reinsurance Pricing Actuary
We are somewhat different
Hannover Re employs more than 4,000 people across locations worldwide. Our strength? Connecting Power: We rely on each other to achieve more.
Our purpose? Beyond risk sharing – we team up to create opportunity. Delivering innovative, customised solutions in an environment where yesterday’s answers may not meet tomorrow’s challenges. This mindset has made us one of the world’s leading and most profitable reinsurance groups and a trusted, reliable employer.
In Australia and New Zealand, Hannover Re is a major player in the Life & Health reinsurance market. Locally, we combine the agility of a small, nimble team with the financial strength and global reach of one of the world’s largest reinsurers.
We currently have an exciting opportunity for a Reinsurance Pricing Actuary to join our Life & Health Subsidiary in Sydney.
About the role:
Reporting directly to the Senior Pricing Manager this permanent role will be responsible for accurate and timely deliverance of actuarial pricing analyses, under appropriate supervision and governance frameworks and across a complete range of reinsurance solutions for new business opportunities, existing client base and internal pricing bases.
You can look forward to
Ready to put your actuarial skills to work on complex, high-impact reinsurance challenges? Join a collaborative team where you'll gain broad exposure, work with industry experts and help shape pricing decisions across a diverse portfolio of reinsurance business.
• Pricing new business, renewals and in-force portfolios across Group, Retail, Retirement and Financial Reinsurance.
• Partnering with Client and Reinsurance Solutions teams to deliver actuarial insights that support commercial decisions.
• Enhancing pricing models, tools and processes through continuous improvement.
• Working with large, complex datasets to generate pricing, portfolio and client insights.
• Analysing experience trends, profitability drivers and emerging risks to influence pricing and portfolio strategy.
• Leveraging automation, technology and modern analytics to improve efficiency and productivity.
• Building relationships with stakeholders across the business and contributing to key decisions.
• Preparing and maintaining reinsurance treaty documentation.
• Staying close to industry trends, market developments and experience research.
• Growing your professional network within the life insurance actuarial community.
• Contributing to marketing and business development activities that help grow the business.
You come equipped with
• Qualified Actuary or close to qualification (FIAA or equivalent), with ideally only 1-2 exams remaining.
• 4+ years' experience in the life insurance industry, with exposure to pricing, experience analysis or related actuarial work.
• Strong understanding of life insurance products, actuarial modelling and market dynamics.
• Advanced Excel skills and strong actuarial technical capability, including problem solving and sound judgement.
• Experience with, or a passion for developing skills in, analytical and automation tools.
• Excellent communication skills, with the ability to translate technical concepts for both actuarial and non-actuarial audiences.
• Strong stakeholder management skills and the confidence to escalate and collaborate when needed.
• A proactive, curious and improvement-focused mindset, with a keen interest in technology, automation and AI.
• High attention to detail, professional integrity and the ability to manage competing priorities and deadlines.
• A collaborative approach, balanced with the ability to take ownership and work independently.
Desirable: Experience using coding and data analytics tools such as R, SQL or Power BI.
You will stand out if you are:
• Technology-loving – you embrace HR systems, automation, and data-driven decision making
• Naturally curious – always asking “how can we do this better?”
• Process-oriented – with a strong focus on continuous improvement
• Trusted and grounded – you build credibility through consistency, discretion, and integrity
• Mature and balanced – able to exercise sound judgement and handle sensitive matters
• People-centric – approachable, empathetic, and able to build strong relationships across all levels
• Self-driven – able to prioritise effectively and work with minimal supervision
• Attention to detail orientated – you see the things others miss and have an eye for numbers and effective use of language
Applicants must have unrestricted permanent rights to work in Australia (Australian citizenship or permanent residency only).
What do we offer you:
Are our values, Responsibility, Drive and We Spirit aligned with yours?
Culture & environment
You’ll join an international organisation with short decision paths, an open feedback culture, and a strong sense of community built on respect, collaboration and mutual support.
Benefits
We value our people and their contribution to our shared success. Our benefits include structured onboarding, hybrid working arrangements, an Employee Assistance Program (EAP) and modern offerings focused on professional development, wellbeing and engagement.
Career development
You’ll bring your specialist expertise and in return we offer continuous learning, exposure to global perspectives, and the opportunity to contribute ideas, innovate and shape your career.
Only together can we achieve our objectives.
To learn more about Hannover Re Australia, visit our careers site: https://www.hannover-re.com/de/local-offices/australia/career/
We don’t just offer a job and a title. If you’re looking for an organisation that genuinely values its people and is Somewhat Different, we would love to hear from you.
Apply now!