Senior Group Pricing Actuary (Matcover)

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 Solutions that worked yesterday may be outdated tomorrow.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 Senior Group Pricing Actuary to join our team for a 12-month maternity cover position, reporting directly to our Head of Group Pricing.

You can look forward to:

As a Senior Group Pricing Actuary, you will be responsible for accurate and timely deliverance of actuarial pricing analyses of group reinsurance for new business opportunities, existing client base, and internal pricing bases.

Duties and Responsibilities:

• Pricing, reviewing, and writing up pricing documents of new business and renewals of group insurance/reinsurance within agreed deadlines.
• Providing actuarial input to the Client and Reinsurance Solutions teams for group insurance product terms and conditions advice.
• Maintaining GL and GSC actuarial pricing models, including loss ratio models, credibility models, termination, and profit share costing.
• Keeping up-to-date with market research/reports on group insurance experience analyses and market developments.

You come equipped with:

Experience & Qualifications:

We are seeking a qualified actuary (FIAA or equivalent) with at least five years’ experience in the Australian life insurance sector. Ideally, you will have in-depth knowledge of group insurance products and current market trends, along with advanced actuarial modelling expertise and strong technical skills in MS Office—particularly advanced Excel.

To be successful in this role, you will need to have demonstrated experience of sound actuarial judgment and problem-solving, excellent attention to detail, and a high level of accuracy.

The role requires effective written and verbal communication skills for engaging with both actuarial and non-actuarial stakeholders, as well as proven experience in managing stakeholder expectations and issue escalation.

You will be someone who can take ownership of their work, deliver results within deadlines, and effectively prioritise tasks as the position demands initiative to work independently as well as collaboratively within a team environment.

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 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.