VP, Actuary

About the Position

Hannover Re – as one of the world’s leading reinsurers, we provide coverage for the risks of yesterday, today and tomorrow. Our strength? Connecting Power: Within our global team of around 4,000 colleagues, we bring together knowledge, perspectives and a strong sense of responsibility. We rely on one another, challenge ourselves and continuously develop both our services and our products. Whether working with risk calculation models, developing digital tools or creating pragmatic solutions for our clients: here, you can contribute your expertise and actively shape what comes next. Sounds good? Get to know us as a reliable employer and find your place with us.

Hannover Life Reassurance Company of America (Hannover Re) is currently seeking talented candidates for our open VP, Actuary position. This is a Full-Time role within the CSS – Financial Reporting & Valuation department. Please see below for more information regarding the essential functions of this position, required qualifications, and how to apply.

Responsibilities

• Ownership of Health Solution Valuation Requirements

  • Oversee the delivery of quarterly financial reporting requirements related to the Health Solutions business on all relevant accounting basis (i.e. NAIC Statutory, IFRS, Solvency II and Bermuda BMA).
  • Coordinate effectively with Business Development and Corporate Actuarial functions to ensure timely delivery and updates to forecasts reflecting the latest understanding of business developments.
  • Address requirements of external auditors in an efficient and constructive manner.

• Ownership of Health Solutions Valuation Processes

  • Ensure that actuarial models, related infrastructure and controls are robust.
  • Proactively review current actuarial reporting processes to ensure these remain current especially during this period of transition from local to group systems.

• Health Solutions Business Performance Monitoring and Management

  • Coordinate effectively with ERM to maintain the quarterly valuation watchlist which tracks experience developments and anticipates the need for assumption and / or model updates.
  • Drive business insight and enable effective management of the underlying business by proactively identifying business developments and potential corrective actions.

• Valued Business Partner for New Business Development Team

  • Effective coordination with the new business development team to ensure that new transactions are transitioned to the valuation function with full understanding of the key aspects.
  • Support new business decision-making to ensure desired accounting outcomes are achieved.

Requirements

• Competencies

  • Collaborates
  • Communicates Effectively
  • Cultivates Innovation
  • Drives Results
  • Financial Acumen

• Essential Knowledge, Skills, and Abilities

  • Undergraduate degree in Actuarial Science, Mathematics, Statistics, or related field.
  • Minimum 10 years experience in health product valuation including leading a financial reporting and valuation function.
  • Reinsurance experience preferred.
  • Experience with leading and managing a team (including FSA level actuaries).
  • Strong verbal and technical writing skills.
  • Fellow of the Society of Actuaries (FSA).
  • Member of the American Academy of Actuaries (MAAA).

• Desired Knowledge, Skills, and Abilities

  • Strong experience working with Excel.
  • Experience with actuarial projection platforms (preferably RAFM).

Travel

• 15% Periodic travel required both domestic and international.

Compensation

• Salary: $215,800 - $291,900 (Inclusive of Base + Bonus)

Benefits

• 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

About the Company

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.

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 [email protected]. 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.

Nearest Major Market: Orlando

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