Trainee Actuarial (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 Solutions that worked yesterday may be outdated tomorrow.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.

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:

• Support the Retail Pricing team in data compilation and analysis for tenders and pricing projects.
• Assist with the development and maintenance of pricing models.
• Contribute to data analysis using R and Excel to support business decisions.
• Assist in the preparation of client proposals and other marketing materials.
• Support the documentation of pricing methodologies and assumptions.
• Contribute to process improvements within the pricing team.

You come equipped with:

About You:

Experience & Qualifications:

• Advanced level Excel skills and experience in using R.
• Undergraduate degree in relevant field or studying towards.
• Relationship management skills.
• Excellent organisation, attention to detail, and ability to prioritise effectively.
• Clear and effective communication both written and verbal.
• Strong analytical and problem-solving skills.
• Ability to work with minimal supervision and as part of a team.

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. 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.