Valuation Actuary

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 Solutions that worked yesterday may be outdated tomorrow.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 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 role

As 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 to

Duties and Responsibilities:

• Conduct quarterly valuation: collection and analysis of data; calculation of actuarial reserves and report on the results.
• Monitor and report business insight on product experience and identify potential trends and issues.
• Monitor and report client specific experience at a quarterly and ad-hoc basis for key stakeholders.
• Perform experience investigations.
• Review processes and procedures and suggest opportunities for improvement where possible.
• Support other teams in reviewing and improving data integrity.
• Actively contribute to implementation of changes in financial reporting and other actuarial developments within the company.
• Participate/contribute to both actuarial and Company-wide projects.
• Assist other ad hoc tasks as required.

You come equipped with

About You:

Experience & Qualifications:

• Nearly or newly qualified actuary (FIAA or equivalent), with at least 5 years’ experience in the Australian Life insurance industry, or equivalent.
• Undergraduate degree in Actuarial Studies.
• Advanced level excel skills.
• Relationship management skills.
• Knowledge of RiskAgility/MoSes, Access, SQL, VBA and Power BI are desirable.
• Self-motivated with a desire to achieve continuous improvement in processes and analysis.
• Excellent organisation, attention to detail and ability to prioritise effectively.
• Clear and effective communication both written and verbal.
• Strong analytical and problem solving skills.
• Strategic thinking capabilities.
• Ability to liaise at Board and senior level.
• Ability to work with minimal supervision and as part of a team.

Personal Qualities:

• Professional integrity.
• Ability to listen and demonstrate empathy.
• Sound judgement with a non-bias view.
• Confidentiality.
• Ability to meet deadlines.

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.