Senior Valuation Actuary L&H
We are somewhat different
Hannover Re - more than 3,500 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 Solutions that worked yesterday may be outdated tomorrow.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 as well as a reliable employer.
We are a major player in the Life & Health reinsurance market in Australia and New Zealand and we have the benefit of being small and nimble but with the financial backing of one of the largest reinsurers in the world. We currently have an exciting opportunity in our Life & Health subsidiary in Sydney which plays a major part in the success of Hannover Re globally.
We are seeking a Senior Valuation Actuary to join our team. The role will be a permanent position reporting directly to our Valuation Manager.
You can look forward to
About the role
As Senior Valuation Actuary you will be responsible for the on-going actuarial management of the in-force book, which includes conducting quarterly valuations, performing experience investigations as well as other actuarial analyses, and reporting on the results to stakeholders.
In addition to this, the position will be responsible for performing independent reviews of work performed by others and contribution to/participation in actuarial department or company-wide initiatives and projects.
Duties and Responsibilities:
• On-going actuarial management of the in-force book by performing quarterly valuations, actuarial analyses, experience investigations and reporting.
• Monitor and report on client specific experience/issues arising, business insights on product experience and potential trends identified.
• Assist the Valuation Manager and other Team leaders/departments on various initiatives and actuarial-led or company-wide projects.
• Identify, plan and execute process improvements within the actuarial team for improved quality and efficiency of actuarial output.
• Build and develop good working relations both within local and other departments of the Hannover Re Group
You come equipped with
About You:
Experience & Qualifications:
• Qualified actuary (FIAA or equivalent) with at least 3 years’ post qualification experience in the Australian Life insurance industry (or equivalent)
• Relevant valuation experience with strong understanding of projection modelling principles and methodologies
• Technical proficiency with strong analytical and problem-solving skills
• Strong/Advanced level Microsoft Excel skills
• Knowledge of Risk Agility/MoSes/Prophet, R, SQL, VBA and Power BI is desirable
• Agile with strong prioritisation & time management skills
• Able to work as part of the actuarial team with minimal supervision
• Strong stakeholder management skills
• Clear and effective communication skills (both verbal and written)
• Excellent organization skills with strong attention to detail and accuracy
Personal Qualities:
• Strategic
• Resourceful
• Highly self-motivated
• Professional
• Versatile
• Diplomatic
It is a requirement that all applicants have unlimited rights to work in Australia i.e. must either be an Australian citizen or have permanent residency.
What do we offer you:
Are our values “Responsibility”, “Drive” and “We-Spirit” aligned with yours? We foster a culture of respect in our workplace, supporting and encouraging respectful communication and behaviours, acknowledging differences and honouring the people we interact with, taking the time to understand their needs and perspectives.
Atmosphere: You will find an international working environment with short decision channels, an open feedback culture and a sense of community shaped by mutual respect and a readiness to help.
Benefits: We value every individual and consider our people to be important to the success of our business with each of us working together to contribute to a common success. Structured onboarding, hybrid working arrangements, EAP as well as modern offers for personal development and wellness activities, we prioritise employee wellbeing and engagement.
Prospects: You contribute your specialist and methodological expertise, and we offer you fresh input and the opportunity to further develop your potential – including room to come up with innovative ideas and act on them!
Only together can we achieve our objectives.
Would you like to find out more about Hannover Re Australia? Visit our careers site: https://www.hannover-re.com/de/local-offices/australia/career/
We not only offer a job and a title, but if you are looking for an organisation which values its people and is “Somewhat Different”, then we want to hear from YOU! All you need to do is hit apply.
No agencies please.