VP, Actuary

Hannover Re - with around 4,000 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 Solutions that worked yesterday may be outdated tomorrow.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 and a reliable employer. 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. You can look forward This position is responsible for monitoring and steering the financial performance of the Health Solutions business performance. The role entails overseeing a team of actuaries that support all valuation, financial reporting, forecasting and modelling related requirements for the Health Solutions business. These requirements include US statutory, IFRS, Solvency II and Bermuda EBS reporting basis. (50%) Ownership of Health Solution Valuation Requirements Oversee the delivery of quarterly financial reporting requirements related to the Heath Solutions business on all relevant accounting basis (i.e. NAIC Statutory, IFRS, Solvency II and Bermuda BMA). This includes ensuring actuarial models are refreshed, establishing updated accruals, performing earnings variance analysis and leading in depth analysis of any items warranting further assessment. Ensure quality presentation of quarterly financial results for the Health Solutions Business including explanation of variances from plan with appropriately linkage to underlying business drivers. Coordinate effectively with Business Development and Corporate Actuarial functions to ensure timely delivery and updates to forecasts reflecting latest understanding of business developments. Address requirements of external auditors in an efficient and constructive manner. Support actuarial conclusions with appropriate memorandum and documentation. Advocate effectively for addressing audit requirements in an efficient manner. (20%) Ownership of Health Solutions Valuation Processes Ensure that actuarial models, related infrastructure and controls are robust. This extends to include tools that support the financial reporting quarterly close, Internal Capital Model scenarios, etc. Proactively review current actuarial reporting processes to ensure these remain current especially during this period of transition from local to group systems. Identify and proactively implement changes to streamline financial reporting processes that promote automatic and scalability. (20%) 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. Periodic reporting to ERM and Corporate Actuarial of all developments requiring management attention including potential liquidity demands. Drive business insight and enable effective management of the underlying business by proactively identifying business developments and potential corrective actions. (10%) Valued Business Partner for New Business Development Team Effective coordination with 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 (e.g. initial recognition of new business, modification / de-recognition implications, etc.). Support and propose treaty language and terms which are consistent with intended financial outcomes. You come equipped with Communicates Effectively Drives Results 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 (Inclusive of Base + Bonus): $215,800 - $306,500 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. 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