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 Solutions that worked yesterday may be outdated tomorrow.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. 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:

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:

• Ongoing 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:

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 a 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.

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.