Seoul

Graduate

Part Qualified

Life

Reinsurance

Modelling

Experience Analysis

RAFM

Hannover Re is one of the world's leading reinsurance companies, headquartered in Germany. With a global presence, they provide risk management and reinsurance solutions to clients in various sectors. Hannover Re's expertise lies in property and casualty, life and health, and specialty reinsurance, catering to the diverse needs of their clients worldwide. They prioritize risk analysis, underwriting excellence, and long-term partnerships.

Hannover Re

Join Our Team as a Junior Actuary at Hannover Re Korea BranchAt Hannover Re, one of the world’s leading reinsurance companies headquartered in Germany, we work together to deliver intelligent reinsurance solutions that create value for our clients worldwide.Our Korea Branch is currently seeking a motivated and analytical Junior Actuary to join our dynamic team. This is a unique opportunity to be part of a global network while contributing to meaningful work in the local insurance market.If you are passionate about actuarial science, eager to grow your expertise in a global environment, and looking for a role that values curiosity, collaboration, and integrity — we’d love to hear from you.You can look forward to:<ul><li>Experience analysis</li><li>Company / Industry / Population experience</li><li>Assumptions management</li><li>Lapses / Loss ratios, etc.</li><li>Modelling insurance Liability for Remaining Coverages
<ul><li>Building cashflow projection in RAFM</li><li>Controlling input factors for projection</li></ul></li><li>Estimating insurance Liability for Incurred Claims
<ul><li>Calculating BEL using chain ladder method</li><li>Calculating RA using the Thomas Mack model</li></ul></li><li>Analysing insurance liability for IFRS17 and K-ICS
<ul><li>Movement analysis / Sensitivity testing</li></ul></li><li>Collaboration with accounting team for Financial Closing
<ul><li>Regulatory reports under K-IFRS17 / K-ICS</li></ul></li></ul>You come equipped with:<ul><li>0-5 years of experience in actuarial function</li><li>Strong communication and interpersonal skills</li><li>Comfortable working with numbers</li><li>Fluency in Korean &amp; English</li></ul>Preferred Qualifications:<ul><li>Certified Korean Actuary, Credentialed U.S. Actuary (e.g., SOA, CAS)</li></ul>What We Offer:Atmosphere: You will find an international working environment with short decision channels, an open feedback culture and a sense of community shaped by mutual esteem and a readiness to help.Benefits: Work-life balance are just some of our benefits.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!

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