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AVP Actuary (Corporate)


The AVP, Actuary is the owner of the actuarial tools and systems and responsible for ensuring that these tools, systems (including the actuarial / financial reporting processes) utilize appropriate technology and ensure that they are subjected to appropriate governance, that they are monitored on an ongoing basis to ensure that they remain efficient and suitable for meeting the evolving actuarial and financial reporting objectives.

Essential Functions:

  • Responsible for the ongoing enhancement and optimization of financial reporting systems and tools for the Financial Reporting and Valuation team, with initial emphasis on the Life Solutions Traditional mortality valuation, financial reporting, and assumption monitoring functions.
  • Reviews financial reporting and valuation processes in coordination with the VP Actuary responsible for the valuation to identify potential areas of inefficiency and risk. Leads a team to design and implement enhancements to current processes including the introduction of new applications.
  • Evaluates and assesses actuarial models, supporting systems, and assumption setting processes with the valuation function to identify potential opportunities to optimize the level at which business is reviewed, managed, projected, etc.
  • Build consensus with key stakeholders regarding proposed recommendations through clear presentation of available options and associated costs and benefits.
  • Implementation of approved recommendations with the aim of creating operational efficiencies, increasing alignment of reporting processes across various financial reporting basis and business segment groups, improving the timeliness and reliability of financial results, reducing financial reporting risks and strengthening financial reporting controls.
  • Coordinates with functional users to ensure appropriate UAT is performed and enhancements are agreed with end users.

Actuarial Infrastructure Function:

  • Work in coordination with Model Steward and RAFM Developer to ensure the ongoing maintenance and continual improvement of the RAFM platform and code. Ensure these remain efficient.
  • Work with functional owners of various financial reporting databases used to develop inforce files, manage model output and related tools. Ensure that effective governance, controls and change management procedures are in place including associated documentation. Ensure these remain efficient.
  • Work with functional owners of the Seriatim Data Warehouse (SDW) Stacked Run Process to ensure that the process to populate the SDW is efficient.
  • Coordinates and collaborates with IT Team who oversee compute capacity and corporate software.

Management Function:

  • Oversees a technically oriented team of 1 – 2 individuals, provides day to day direction to this team to execute on the objectives of this role.


  • Bachelor’s degree in Actuarial Science or related field including Computer Science or Information Technology.
  • Fellow of the Society of Actuaries designation.
  • Minimum 5 years of experience of relevant work experience including exposure to insurance, financial reporting, actuarial modelling.
  • Experience with the tools and technical platforms used in actuarial modelling and financial reporting.
  • Experience using advanced database, cloud, and/or analytics technology to improve processes.
  • Effective verbal, written and interpersonal communication skills
  • Project management experience; demonstrated ability to manage competing priorities and meet deadlines, ability to lead more junior team members including the potential to directly manage one or more team members.

Desired knowledge skills and abilities:

  • Familiarity with technical platforms and tools typical to the insurance and finance field.
  • Familiarity with insurance products and related processes and related systems (e.g. RAFM, SQL, etc.) to enable understanding of data flows and enable ability to identify potential sources of inefficiencies, etc.
  • Demonstrated abilities to build relationships and work effectively across functional teams.

Nothing in this job description restricts management’s rights to assign or reassign duties or responsibilities to this job at any time.

Total Compensation Range: $156,100 - $211,200 (inclusive of Base and Bonus).

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 Life Reassurance Company of America (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.

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