Actuarial Business 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 an Actuarial Business Analyst / Business Analysis Actuary.

This role supports the efficient operation of Corporate Actuarial (CA) and wider business by ensuring that systems and processes used by CA remain fit for purpose and future-ready.

Your Tasks

• Develop a detailed understanding of CA business processes, proactively identifying areas for improvement and creating solutions
• Create and implement efficient, effective systems and processes for new requirements that may arise
• Work closely with the Valuation Actuary, Head of Valuations and other CA stakeholders to prioritise system developments and other process improvements
• Manage the testing of changes to the valuation systems, including RAFM models and reporting databases, this is expected to involve a mixture of direct testing work and coordinating and supervising testing work carried out by the actuarial analysts
• Implement new developments into BAU, ensuring they are well documented, that adequate training is given to CA colleagues, and that dependent business processes are adapted to these changes
• Ensure that stakeholders across CA and the business are kept informed of progress on current work
• Support systems projects across the wider business, providing a CA perspective and input
• As a stakeholder, ensure that projects deliver the right outcomes for both the Corporate Actuarial department and the wider Company
• Help the Valuation Actuary to implement Group End User Computing requirements within CA, creating a framework for its ongoing maintenance; periodically review the EUC applications to ensure that they continue to meet the requirements
• Provide additional capacity for valuation and other BAU work as required
• Act with integrity, diligence and professionalism in all aspects of your work, communicating openly and honestly with stakeholders
• Adhere to all local and group guidelines
• Ensure that existing valuation processes are well documented and understood including up-to-date process maps
• Document work appropriately, with any peer reviews completed as required

Your Profile

• Part-qualified, or qualified actuary with up to 5-years post-qualification experience
• Previous financial reporting experience in an actuarial role, preferably in the life reinsurance industry
• Strong understanding of our reporting bases; IFRS17, UK GAAP and Solvency II
• Good working knowledge of RAFM or equivalent actuarial valuation systems
• A track-record of strong performance

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!