Sydney

Part Qualified

Associate

Qualified

Senior Actuary

Life

Health

Property & Casualty

Reserving

Reporting

Reinsurance

Risk

Modelling

Experience Analysis

Prophet

Pricing

MoSes

Valuation

Excel

Power BI

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

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 Solutions that worked yesterday may be outdated tomorrow.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 &amp; Health reinsurance market in Australia and New Zealand. We currently have an exciting opportunity in our Life &amp; Health subsidiary in Sydney which plays a major part in the success of Hannover Re globally.We are seeking a Senior Group Pricing Actuary to join our team for a 12-month maternity cover position, reporting directly to our Head of Group Pricing.You can look forward to:As a Senior Group Pricing Actuary, you will be responsible for accurate and timely deliverance of actuarial pricing analyses of group reinsurance for new business opportunities, existing client base, and internal pricing bases.Duties and Responsibilities:<ul><li>Pricing, reviewing, and writing up pricing documents of new business and renewals of group insurance/reinsurance within agreed deadlines.</li><li>Providing actuarial input to the Client and Reinsurance Solutions teams for group insurance product terms and conditions advice.</li><li>Maintaining GL and GSC actuarial pricing models, including loss ratio models, credibility models, termination, and profit share costing.</li><li>Keeping up-to-date with market research/reports on group insurance experience analyses and market developments.</li></ul>You come equipped with:Experience &amp; Qualifications:We are seeking a qualified actuary (FIAA or equivalent) with at least five years’ experience in the Australian life insurance sector. Ideally, you will have in-depth knowledge of group insurance products and current market trends, along with advanced actuarial modelling expertise and strong technical skills in MS Office—particularly advanced Excel.To be successful in this role, you will need to have demonstrated experience of sound actuarial judgment and problem-solving, excellent attention to detail, and a high level of accuracy.The role requires effective written and verbal communication skills for engaging with both actuarial and non-actuarial stakeholders, as well as proven experience in managing stakeholder expectations and issue escalation.You will be someone who can take ownership of their work, deliver results within deadlines, and effectively prioritise tasks as the position demands initiative to work independently as well as collaboratively within a team environment.Personal Qualities:<ul><li>Strategic</li><li>Resourceful</li><li>Highly self-motivated</li><li>Professional</li><li>Versatile</li><li>Diplomatic</li></ul>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.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.

We are somewhat differentHannover 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 &amp; Health reinsurance market in Australia and New Zealand. We currently have an exciting opportunity in our Life &amp; Health subsidiary in Sydney which plays a major part in the success of Hannover Re globally.We are seeking a Valuation Actuary to join our Actuarial team. The role will be a 9 month contract position reporting directly to our Valuation Team Manager.About the roleAs a Valuation Actuary you will be responsible for conducting quarterly valuations, performing actuarial analyses and reporting as well as experience investigations. In addition to this, the position will be responsible for assisting with actuarial department initiatives and contribution to projects.You can look forward toDuties and Responsibilities:<ul><li>Conduct quarterly valuation: collection and analysis of data; calculation of actuarial reserves and report on the results.</li><li>Monitor and report business insight on product experience and identify potential trends and issues.</li><li>Monitor and report client specific experience at a quarterly and ad-hoc basis for key stakeholders.</li><li>Perform experience investigations.</li><li>Review processes and procedures and suggest opportunities for improvement where possible.</li><li>Support other teams in reviewing and improving data integrity.</li><li>Actively contribute to implementation of changes in financial reporting and other actuarial developments within the company.</li><li>Participate/contribute to both actuarial and Company-wide projects.</li><li>Assist other ad hoc tasks as required.</li></ul>You come equipped withAbout You:Experience &amp; Qualifications:<ul><li>Nearly or newly qualified actuary (FIAA or equivalent), with at least 5 years’ experience in the Australian Life insurance industry, or equivalent.</li><li>Undergraduate degree in Actuarial Studies.</li><li>Advanced level excel skills.</li><li>Relationship management skills.</li><li>Knowledge of RiskAgility/MoSes, Access, SQL, VBA and Power BI are desirable.</li><li>Self-motivated with a desire to achieve continuous improvement in processes and analysis.</li><li>Excellent organisation, attention to detail and ability to prioritise effectively.</li><li>Clear and effective communication both written and verbal.</li><li>Strong analytical and problem solving skills.</li><li>Strategic thinking capabilities.</li><li>Ability to liaise at Board and senior level.</li><li>Ability to work with minimal supervision and as part of a team.</li></ul>Personal Qualities:<ul><li>Professional integrity.</li><li>Ability to listen and demonstrate empathy.</li><li>Sound judgement with a non-bias view.</li><li>Confidentiality.</li><li>Ability to meet deadlines.</li></ul>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.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.

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 &amp; Health reinsurance market in Australia and New Zealand. We currently have an exciting opportunity in our Life &amp; Health subsidiary in Sydney which plays a major part in the success of Hannover Re globally.You can look forward to:We are seeking a Retail Pricing Intern to join our team. The role will be on a fixed-term contract for 3 months, working 21 hours per week, reporting directly to our Head of Retail Pricing.About the role:As a Retail Pricing Intern, you will be responsible for supporting the Retail Pricing team with data analysis, pricing models, and business development activities, with a particular focus on supporting an inforce tender and other analytical tasks.Duties and Responsibilities:<ul><li>Support the Retail Pricing team in data compilation and analysis for tenders and pricing projects.</li><li>Assist with the development and maintenance of pricing models.</li><li>Contribute to data analysis using R and Excel to support business decisions.</li><li>Assist in the preparation of client proposals and other marketing materials.</li><li>Support the documentation of pricing methodologies and assumptions.</li><li>Contribute to process improvements within the pricing team.</li></ul>You come equipped with:About You:Experience &amp; Qualifications:<ul><li>Advanced level Excel skills and experience in using R.</li><li>Undergraduate degree in relevant field or studying towards.</li><li>Relationship management skills.</li><li>Excellent organisation, attention to detail, and ability to prioritise effectively.</li><li>Clear and effective communication both written and verbal.</li><li>Strong analytical and problem-solving skills.</li><li>Ability to work with minimal supervision and as part of a team.</li></ul>Personal Qualities:<ul><li>Strategic.</li><li>Resourceful.</li><li>Highly self-motivated.</li><li>Professional.</li><li>Versatile.</li><li>Diplomatic.</li></ul>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. Structured onboarding, hybrid working arrangements, EAP, as well as modern offers for personal development and wellness activities, 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.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.

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 &amp; Health reinsurance market in Australia and New Zealand. We currently have an exciting opportunity in our Life &amp; 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:As Senior Valuation Actuary, you will be responsible for the ongoing actuarial management of the in-force book. This includes conducting quarterly valuations, performing experience investigations, and other actuarial analyses, as well as 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 contributing to or participating in actuarial department or company-wide initiatives and projects.Duties and Responsibilities:<ul><li>Ongoing actuarial management of the in-force book by performing quarterly valuations, actuarial analyses, experience investigations, and reporting.</li><li>Monitor and report on client-specific experience/issues arising, business insights on product experience, and potential trends identified.</li><li>Assist the Valuation Manager and other team leaders/departments on various initiatives and actuarial-led or company-wide projects.</li><li>Identify, plan, and execute process improvements within the actuarial team for improved quality and efficiency of actuarial output.</li><li>Build and develop good working relations both within local and other departments of the Hannover Re Group.</li></ul>You come equipped with:Experience &amp; Qualifications:<ul><li>Qualified actuary (FIAA or equivalent) with at least 3 years’ post-qualification experience in the Australian Life insurance industry (or equivalent).</li><li>Relevant valuation experience with a strong understanding of projection modelling principles and methodologies.</li><li>Technical proficiency with strong analytical and problem-solving skills.</li><li>Strong/Advanced level Microsoft Excel skills.</li><li>Knowledge of Risk Agility/MoSes/Prophet, R, SQL, VBA, and Power BI is desirable.</li><li>Agile with strong prioritisation &amp; time management skills.</li><li>Able to work as part of the actuarial team with minimal supervision.</li><li>Strong stakeholder management skills.</li><li>Clear and effective communication skills (both verbal and written).</li><li>Excellent organization skills with strong attention to detail and accuracy.</li></ul>Personal Qualities:<ul><li>Strategic</li><li>Resourceful</li><li>Highly self-motivated</li><li>Professional</li><li>Versatile</li><li>Diplomatic</li></ul>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.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. Structured onboarding, hybrid working arrangements, EAP, and modern offers for personal development and wellness activities 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.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.

We currently have an exciting opportunity in Sydney which plays a major part in the success of Hannover Re globally. We are a lead reinsurer in Australia and New Zealand and we have the benefit of being flexible and nimble with the financial backing of one of the largest reinsurers in the world. We are seeking a Corporate Actuary to join our team within our Property & Casualty branch. The role will be a permanent position reporting directly to our Appointed Actuary.Your day may look a little likeThe Corporate Actuary is an all-encompassing actuarial role for the Property & Casualty branch, primarily as a deputising function to the Appointed Actuary.<ul><li>Performing quarterly actuarial reserving under local and Group requirements in coordination with local Appointed Actuary</li><li>Deputising for the Appointed Actuary with regards to all local statutory obligations required under APRA CPS320</li><li>Performing regular actuarial portfolio monitoring of branch financial performance, loss trends, claims development and key account specific performance</li><li>Facilitating effective communication of key experience trends between actuarial reserving, accounting/finance, underwriting to support branch’s portfolio steering initiatives</li><li>Working with the Appointed Actuary to provide local actuarial expertise supporting local IFRS17/AASB17 integration</li><li>Supporting the preparation of annual business plans and Internal Capital Adequacy Assessment Process (ICAAP) including scenario and stress testing</li><li>Supporting actuarial reviews on material inwards and retrocession transactions</li><li>Providing actuarial support on preparations and reviews of quarterly regulatory filings, annual year-end local audit, as well as internal and external reviews</li><li>Contributing to the preparation of quarterly Operational Council and BSB meetings</li></ul>You will need to have<ul><li>University degree in Actuarial Mathematics or equivalent, with at least 3 years of post-graduation experience</li><li>Past working experiences in the Australian (re)insurance industry, with familiarity on local regulatory and actuarial requirements</li><li>IFRS17/AASB17 knowledge and experiences is preferred</li><li>Advanced level Excel skills</li><li>Strong analytical and problem solving skills</li><li>Ability to work with minimal supervision and as part of a team</li><li>Excellent organisation, attention to detail and ability to prioritise effectively</li><li>Clear and effective communication both written and verbal</li></ul>BenefitsIt 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.Are our values “Respect”, “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 with whom we interact, taking the time to understand their needs and perspectives. 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. Through not only our hybrid working arrangements (2 office days per week), EAP and annual program of wellness events / activities we prioritise employee wellbeing as only together can we achieve our objectives.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.

We are a major player in the Life &amp; 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 &amp; Health subsidiary in Sydney which plays a major part in the success of Hannover Re globally.We are seeking a Deputy Chief Actuary / Head of Corporate Actuarial to join our Actuarial team. The role will be a permanent role reporting directly to our Chief and Appointed Actuary.Your Tasks<ul><li>As a Deputy Chief Actuary / Head of Corporate Actuarial you will be responsible for leading and managing a team of actuaries and have responsibilities for:</li><li>Group (IFRS17) and local statutory (AASB17/LAGIC) reporting;</li><li>Business planning and forecasts;</li><li>Capital/ICAAP, Asset/Liability and internal retrocession management;</li><li>Providing actuarial advice in accordance with the Actuarial Advice Framework;</li><li>Being the Local ALM Owner in accordance with Hannover Re Group ALM Guideline and chairing the Company’s Asset Liability Committee; and</li><li>Overseeing actuarial and other strategic projects.</li></ul>The position is part of the Actuarial leadership and Company’s senior management teams.Key Responsibilities<ul><li>Oversight and management of a team of actuaries including training, developing and mentoring team members. Developing and maintaining close working relationships with other HLR Aus teams and relevant Hannover Office contacts.</li></ul>Corporate Actuarial &amp; Reporting<ul><li>Oversight of the Corporate Actuarial &amp; Reporting team to compile, calculate, analyse and review valuation, capital adequacy, business planning and forecast results for various Group and local reporting requirements, as well as coordinating Actuarial, Operations, and Finance to meet agreed deadlines. This includes liaising with Hannover Office, auditors and regulators.</li></ul>Capital and risk management assessment<ul><li>Managing the ICAAP and engaging with the Chief and Appointed Actuary, General Manager Finance and Chief Risk and Compliance Officer in regard to ALM, risk assessment, capital analyses and reporting under the ICAAP and Risk Management Framework. This includes reporting to the Board Risk Committee and other Board reporting requirements.</li></ul>Retrocession management<ul><li>Managing HLR Aus’s internal retrocession strategy and liaising with the Retail and Group Business teams.</li></ul>Business development and pricing support<ul><li>Supporting the Retail and Group Business teams as appropriate in the pricing and repricing of retail and group business and providing impartial actuarial advice to EXCO.</li></ul>Actuarial and strategic projects<ul><li>Managing actuarial initiatives to ensure continuous improvements to the actuarial processes and models, as well as overseeing strategic projects as required. Participating and contributing to relevant project steering committees as required.</li></ul>Your Profile<ul><li>FIAA or equivalent with at least 15 years relevant experience in the life insurance industry</li><li>Satisfactory assessment of fit and proper under CPS 520</li><li>Solid understanding of the Australian life insurance market, APRA Prudential Standards and IFRS17</li><li>Strong people leadership and management skills</li><li>Strong problem solving skills</li><li>Strong written and verbal communication skills</li><li>Strong project management skills</li><li>High professional integrity</li><li>Ability to work with minimal supervision</li><li>Ability to work well within a team environment.</li></ul>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 We OfferAtmosphere: 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: Structured onboarding, flexible working hours, benefits superior to those of the collective agreement as well as modern offers for personal development, health management and 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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