AVP, Actuary

Hannover Life Reassurance Company of America (Hannover Re) is currently seeking talented candidates for our open AVP, Actuary position. This is a Full-Time role within the Life Solutions department. Please see below for more information regarding the essential functions of this position, required qualifications, and how to apply. You can look forward to Job Summary: The purpose of the role is to ensure the financial success of Life Solutions through development and implementation of compelling reinsurance solutions for the company’s clients that achieve appropriate returns relative to the risk profiles assumed by Hannover Re affiliates. Involves close cooperation with a variety of disciplines that interface with new business generation, including Accounting, Finance and Reporting, Local and Group Risk Management, Global Investment Management, and internal and external legal counsel. Role is primarily focused on the modelling of various reinsurance and structured transactions, pricing according to local and group underwriting guidelines and regulatory requirements, oversight of direct and retrocession agreements and transaction documentation, and coordinating the implementation these transactions. Essential Functions: (40%) Structuring and Pricing: Structures and prices transactions, including reviewing and analyzing historical experience on the underlying business, developing appropriate pricing assumptions and actuarial models, projecting cash flows and financial results, developing a transaction structure, and effectively presenting and communicating results to key internal stakeholders as well as clients. Documents pricing work in a form that facilitates peer review, internal approvals, and communication of the details of the transaction throughout the company and group. Achieves an attractive risk/return profile for the company on new transactions while complying with all applicable underwriting guidelines and regulatory requirements. (20%) Deal Management:Collaborates with clients to ensure that all data and documentation required throughout the pricing process is obtained, and that the developing transaction continues to meet the clients’ needs from a business perspective. Communicates with clients to keep them informed of any issues that arise during the structuring and pricing process that may impact the clients’ desired execution timelines or that may necessitate changes to the originally contemplated transaction structure or pricing.

• 15%) Treaty Construction:Collaborates with internal and external counsel and with clients to produce reinsurance treaties and contract documentation that accurately describe the transaction structure and pricing and the obligations of the counterparties. Ensures that contractual obligations undertaken by the company are consistent with the pricing, structuring, and model work undertaken for the transaction.
• 15%) Implementation:Liaises with different functional units within the company to ensure the efficient implementation and management of new transactions. Works with the company’s internal retrocession partners to obtain retrocession coverage where necessary, and other forms of credit support. Ensures that the transaction optimizes the regulatory, capital and tax position of the company and group.
• 10%) Research & Development:Research regulatory developments, differences between various accounting standards, developments in tax law changes, product development and filings, client developments and other aspects necessary to ensure the relevance and value of life reinsurance solutions.You come equipped with

Competencies: • Technical Modelling Capabilities • Decision Quality • Project Management • Communicates Effectively Essential knowledge, skills, and abilities: Education/Experience: • Undergraduate degree in Mathematics, Statistics or Actuarial Science or similar. • Fellow of the Society of Actuaries (or ASA with equivalent experience) • Minimum six years’ experience pricing various kinds of insurance and annuities. • Ability to read, analyze, manipulate, and interpret complex, technical documents and data. Ability to respond effectively to the inquiries from employees and management • Ability to analyze large amounts of information in an organized manner, identify issues or inconsistencies, fill in any information gaps and draw accurate sound conclusions. • Ability to quickly conceptualize the most efficient design for complicated transactions • Significant experience in valuation and pricing of life insurance products • Experience with and working knowledge of reinsurance for life insurance products Computer Skills: • Microsoft PC software: Excel, Word, Access, Outlook, Teams, Co-Pilot Language Ability: • Must possess excellent oral and written communication and presentation skills Desired knowledge, skills, and abilities: • Working knowledge of U.S. statutory, tax and GAAP/IFRS accounting for life products. • Working knowledge of multi-jurisdictional tax and capital requirements. • Experience managing and coordinating projects, resources, and people Strong organizational skills, and ability to manage competing priorities and deadlines • Actuarial modelling experience (e.g., MoSes/Risk Agility, MG-ALFA, TAS, AXIS, PTS, etc.) Travel: 10% Time expected to be spent traveling to visit clients, attend conferences/seminars 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) • $166,900 - $225,800Benefits 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 View email address on click.appcast.io. 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.