Senior Actuary

Hannover Life Reassurance Company of America (Hannover Re) is currently seeking talented candidates for our open Sr Actuary position. This is a Full-Time role within the CSS – Corporate Actuarial department. Please see below for more information regarding the essential functions of this position and required qualifications.

You can look forward to

A Senior Actuary is a non-rotational position outside of Hannover Re’s Actuarial Development Program (“ADP”). The Senior Actuary’s primary responsibility is to lead the experience study process for the Life Solutions Traditional Life business.

Essential Functions:

• (60%) Technical Support and Analysis
  • Lead the technical completion of the traditional mortality experience studies and model validation by writing and running R code utilizing an internal R package.
  • Implement new statistical methodologies to further analytic abilities and strengthen the assumption review/adjustment process.
  • Summarize experience results and work with the AVP, Actuary, to improve the model assumptions.
  • Implement assumption updates to the SQL assumption database and perform impact analysis on the projected financial results. Review results for reasonableness to validate correct implementation. Abide by model governance guidelines when implementing approved assumptions updates into the production model.
  • Comprehensively document technical processes, ensure integrity of results by collaborating with key stakeholders to develop/implement controls to ensure auditability, and be prepared to speak to completed analysis for internal or external stakeholders.
• (30%) Business Management and Collaboration
  • Identify areas of weakness with experience study data and communicate data needs for remediation and improvement.
  • Train and assist peers and junior employees, as requested or required, to foster growth and development within the department.
  • Actively manage multiple priorities and responsibilities, effectively prioritize and communicate progress with results to the stakeholder group.
  • Look for ways to improve processes for efficiency and accuracy.
  • Coordinate with stakeholders, including the financial reporting and modeling teams, to ensure objectives are aligned with quarterly valuation deadlines.
• (10%) Ad-hoc Project / Other
  • Assist with ad-hoc projects in the department.

You come equipped with

Competencies:
• Manages Complexity
• Drives Results
• Self-Development
• Optimizes Work Processes
• Tech Savvy

Essential knowledge, skills, and abilities:
• Bachelor’s degree in Actuarial Science, Statistics, Mathematics, or similar.
• Fellow of the Society of Actuaries or within 1 year of FSA attainment.
• 5+ years of experience in an Actuarial role.
• Actuarial modeling experience: Risk Agility preferred.
• Computer software: Microsoft Suite (Excel, Word, and Outlook), Database knowledge (high proficiency).
• Programming knowledge: R, SQL, VBA, C++, or similar.
• Business knowledge: Reinsurance basics, Traditional Life Products.
• Business skills: Strong verbal communication, Excellent writing skills, Ability to communicate complex initiatives.

Desired knowledge, skills, and abilities:
• Azure DevOps.
• Valuation knowledge: Solvency II, IFRS17, Stat, AG48, and PBR.
• Experience with establishing controlled procedures.
• Experience with project planning and managing a broad range of stakeholders.
• Experience leveraging AI to automate routine actuarial tasks.

Travel: 10% domestic travel, including overnight stays.

Company Standards:
• Adhere to Hannover Re policies, procedures and rules of conduct.
• Perform all duties with the goal of supporting our mission statement and maximizing shareholder value.
• Develop and maintain professional and productive working relationships with co-workers, customers, and/or vendors.

Work Environment: This job is a full-time position that operates in either a home office or local office environment. It requires the ability to utilize standard office equipment, including but not limited to computers, phones, and communication tools as needed.

Compensation (Inclusive of Base + Bonus):
• $113,600 - $205,800

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. 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, or a threat to these individuals, others in the workplace or the company as a whole.

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