Senior Actuary

Hannover Life Reassurance Company of America (Hannover Re) is currently seeking talented candidates for a full-time Sr Actuary position within the Life Solutions department.

You can look forward to

This position is responsible for developing and maintaining data analytics tools that support the organization's ability to understand the various decrements affecting the underlying products reinsured. These tools form the basis for developing best estimate assumptions for the in-force block and establish a framework for new business assumptions.

This role also involves proposing and supporting new business assumption changes based on the data analytics performed using the developed tools.

Essential Functions:

(40%) Works collaboratively in constructing all decrement-based assumptions for both New Business and In-force applications:

• Update components of Hannover Re's proprietary mortality engine.
• Review and update lapse, conversion, and post-level assumptions.
• Harmonize mortality improvement assumptions with Annuity Solutions.

(20%) Develops and maintains the data analytics toolkit to enhance Hannover Re's statistically based research capabilities:

• Build and maintain proprietary R packages used for data analysis, building prior mortality assumptions, and improving processes.
• Create dashboards that empower actuaries to analyze larger datasets.
• Develop automated reports that enhance Hannover Re's value proposition.

(10%) Coordinates with underwriting and pricing to expand statistically based analytics regarding accelerated underwriting programs:

• Establish new methods for data analysis supporting accelerated underwriting programs.
• Collaborate with underwriters to refine criteria based on statistical findings.
• Build and review the predictive model used to improve acceleration rates.

(20%) Supports Pricing to continuously improve Hannover Re's risk selection and pricing process:

• Design and implement studies to monitor emerging experience.
• Provide insights to adjust assumptions based on observed trends.

(10%) Coordinates the storage and schematics of all non-standard Life experience data:

• Streamline processes to aggregate requests for pricing data.
• Collaborate with Operations to enhance Extract, Transform processes for data received from Life Structured deals.

You come equipped with

Competencies:

• Drives results
• Tech Savvy
• Persuades
• Manages Complexity
• Collaborates

Essential Knowledge, Skills, and Abilities:

• Bachelor’s degree from an accredited college or university in mathematics, statistics, actuarial science or comparable quantitative field.
• Fellow of the Society of Actuaries or similar preferred; Associate of the Society of Actuaries would be considered with 5 or more years of actuarial experience.
• Working knowledge of machine learning algorithms like regression and gradient-boosted machines.
• Expert knowledge of statistical and database languages as well as cloud-based infrastructure solutions.
• Strong organizational skills and ability to work well in a collaborative environment.
• Excellent oral and written communication skills.
• Ability to analyze large amounts of data including understanding and dealing with informational gaps.
• Strong analytical and problem-solving skills.
• Able to work independently with minimal supervision.

Desired Knowledge, Skills, and Abilities:

• 5 years in a data science role (ideally within the insurance or biometric research space).
• Strong life insurance product experience.
• Willingness to learn new applications.

Travel:

• 10% - domestic travel as needed or related to industry activities (presentations, committees, etc.).

Compensation (Inclusive of Base + Bonus):

• $111,500 - $198,100

Benefits Include:

• Comprehensive medical, dental, and vision.
• Paid Time Off (PTO).
• Company provided life insurance and disability benefits.
• 401(k) and profit sharing.
• Additional ancillary benefits available.

Hannover Re seeks to attract the best-qualified candidates who support the mission, vision, and values of the company and those who respect and promote excellence through diversity.

We are committed to providing equal employment opportunities (EEO) to all employees and applicants without regard to race, color, creed, religion, sex, age, national origin, citizenship, sexual orientation, gender identity and expression, physical or mental disability, marital, familial or parental status, genetic information, military status, veteran status or any other legally protected classification.

We are committed to making our application process and workplace accessible for individuals with disabilities. Upon request, Hannover Re will reasonably accommodate applicants so they can participate in the application process unless doing so would create an undue hardship to Hannover Re.

We will accept applications until a candidate has been identified and selected to fill this position.