Job Description

Hannover Life Reassurance Company of America (Hannover Re) is currently seeking talented candidates for a full-time AVP, Actuary position, within the CSS – Enterprise Risk Management 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:

This position directs and manages the corporate economic capital reporting area of Corporate Enterprise Risk Management and is responsible for the timely, efficient, and accurate reporting of economic capital detail and consolidated results within Life &Health America and to and in coordination with Group Risk Management. This includes liability cash flow model detail, asset detail and allocations, economic required and available capital estimates and allocations for various entities and Life & Health America family. This position coordinates with Life & Health America business units, Group Risk Management, Actuarial Modelling and Infrastructure, and Investment & Collateral Management to ensure success. The position may also support and participate in risk reviews and enterprise risk management projects including but not limited to new business reviews, inforce experience reviews, preparation and implementation of Solvency II or regulatory reporting.

Essential Functions:

(40%) Internal Capital Model Runs

• Directs, implements, and maintains efficient and effective processes for producing and reporting economic capital, associated risk metrics, Solvency II Risk Margin capital allocations/adjustments, and the IFRS17 Risk Adjustment Confidence Level on time and of high quality.

(10%) Management Function

• Manages and develops one or more actuarial staff such that they demonstrate an ability to assume increasing levels of responsibility as they grow to become key contributors to the organization in the future.

(20%) Risk Management Support and Analysis

• Coordinates and tracks methodology issues, proposes approaches, and manages issues to resolution with group and local stakeholders.
• Supports the production of the regulatory risk management reporting (Own Risk Self Assessment (ORSA), Commercial Insurers’ Solvency Self-Assessment (CISSA)) as well as regular reporting of key risk management metrics to relevant Hannover Re stakeholders (board book, risk committee, Group Risk Management).
• Develops and communicates narratives to ensure stakeholders understand drivers of changes in economic capital and have confidence in the results.

(20%) Ad hoc Enterprise / Risk Management Work

• Supports risk identification, analysis, reporting and management of risks by participating in other Corporate ERM department projects and activities (may include new business opportunities, inforce management, ALM optimization, Return On Capital analysis, capital optimization, etc.) in support of a robust and effective ERM framework.

(10%) Documentation and Controls

• Establishes and maintains a high-quality internal control environment including the implementing and documenting of processes and appropriate controls to ensure high quality results.

You come equipped with

Competencies:

• Manages Complexity
• Decision Quality
• Collaborates
• Situational Adaptability
• Plans and Aligns 

Essential Knowledge, Skills, and Abilities:

• Bachelor’s degree in Actuarial Science, Statistics, Mathematics or similar
• Fellow of the Society of Actuaries or similar preferred; Associate of the Society of Actuaries would be considered
• 6 or more years of actuarial responsibilities such as pricing, valuation, modelling, or forecasting
• Experience with the tools and technical platforms used in actuarial modelling and financial reporting.
• Business knowledge: Reinsurance basics, Solvency II, Economic Capital Model, Stat/GAAP/IFRS
• Effective verbal, written and interpersonal communication skills

Desired Knowledge, Skills, and Abilities:

• Actuarial modelling experience: ability to use SQL, Azure Synapse, or similar for processing data related to capital modelling and scenario simulations
• Project management experience: demonstrated ability to manage competing priorities and meet deadlines, ability to lead team members including the potential to directly manage one or more team members.
• Chartered Enterprise Risk Analyst (CERA) designation

Travel:

• 10% - Occasional travel to Orlando office or other international offices, clients or conferences. Overseas travel is expected no more frequent than once per year with a minimum stay of one week.   

Compensation (Inclusive of Base + Bonus):

• $171,400 - $231,900

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 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 HLRUS-personnel@hannover-re.com. Please allow for 24 hours to process your request.

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