$114K – $206KSeniorFull Time
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, required qualifications, and how to apply.
Job Summary: 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 Long Term Care Hybrid (LTCH) business.
Essential Functions:
(60%) Technical Support and Analysis
• Lead the technical completion of LTCH 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 LTCH model assumptions.
• Implement assumption updates to the LTCH 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 documents technical process, ensures integrity of results by collaborating with key stakeholders to develop/implement controls to ensure auditability, and is prepared to speak to completed analysis for internal or external stakeholders.
(30%) Business Management and Collaboration
• Support the development of the business requirements for the underlying experience study data that feeds the LTCH experience studies
• Identifies areas of weakness with experience study data and communicates data needs for remediation and improvement.
• Trains and assists peers and junior employees, as requested or required, to foster growth and development within the department.
• Actively manages multiple priorities and responsibilities, effectively prioritizes and communicates progress with results to the stakeholder group.
• Looks 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
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, Long Term Care Hybrid
• 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. The company complies with all applicable state and local laws governing nondiscrimination in employment and prohibits unlawful harassment based on any of the aforementioned protected classes at every location in which the company operates. This applies to all terms, conditions and privileges of employment including but not limited to: hiring, assessments, probation, placement, benefits, promotion, demotion, termination, layoff, recall, transfer, leave of absence, compensation, training and development, social and recreational programs, educational assistance and retirement.
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. To request an accommodation, email HRLUS-personnel@hannover-re.com. Please allow for 24 hours to process your request.
We will accept applications until a candidate has been identified and selected to fill this position.
