Senior Actuarial Analyst

If you want to experience how things are done at Hannover Re UK Life Branch, London, start planning your next career step with us and join the team on a permanent, full-time basis commencing at the earliest possible date as a Senior Actuarial Analyst.

You will support the quarterly valuations processes, including preparing data, running actuarial models, consolidating and validating the output, reviewing the results to ensure accuracy and draw insights, communicating results to stakeholders, and completing the necessary documentation of these activities.

Your Tasks

• Assist with the Company’s quarterly actuarial valuations for UKGAAP, IFRS, HGB and Solvency II reporting bases, delivering high quality results to agreed timelines
• Prepare and run RAFM models and validate the output. Compare the reserves to the forecast and understand the reasons for variance. Communicate the drivers of financial results in written reports and other means for internal signoff, group reporting, regulators and other internal and external stakeholders
• Review the data used in the actuarial valuation work, including investigating the impact of movements in the data on the quarterly results
• Test and implement changes to the valuation systems, including RAFM models and reporting databases
• Work with colleagues in the Corporate Actuarial Analysis team to implement assumption changes into the valuation results
• On-board new business into the valuation process, test and implement updated assumptions and identify pragmatic solutions to evolving business conditions
• Help deliver specific projects related to actuarial valuation and complete ad-hoc requests in a timely manner

General

• Apply actuarial skills to prepare, produce, analyse and communicate information to allow the business to understanding the current and projected future financial performance of its business and any associated risks, or to help acquire new business
• Challenge, develop and improve both your own technical and business capabilities and the actuarial work for which you are responsible
• Act with integrity, diligence and professionalism, communicating openly and honestly with stakeholders

Your Profile

• University graduate
• Student member of the Institiute and Faculty of Actuaries or other actuarial professional body, making good progress through the actuarial exams
• Experience in an actuarial role, preferably valuation
• Intermediate to advanced MS Office skills required in particular MS Access & SQL exposure
• Familiarity with R or similar programming language
• Familiarity with Moses/RAFM or similar actuarial modelling software an advantage

On a personal level, you can impress us with your ability to break down complex issues and identify trends, patterns and interdependencies. If you also have excellent communication and interpersonal skills as well as organisational skills, you have come to exactly the right place!

What We Offer

• 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
• 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
• 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!