Avp, Actuary

Hannover Life Reassurance Company of America (Hannover Re) is currently seeking talented candidates for a full-time AVP, Actuary position, 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 Description

Job Summary:

The position is the model steward for Hannover's financial reporting and analysis actuarial models. Ensures version control (governance) of which leads to accurate financial results and projections. Models will be used in IFRS 17 financial reporting, Solvency II financial reporting, as well as other financial analysis initiatives, such as inforce management, experience analysis, and premium validation work.

(20%) Oversee the "help desk" function of Hannover's actuarial modeling software (RiskAgility-FM), including assisting the resolutions of other model users' technical IT issues and user errors in a timely manner. This includes coordinating server patching with IT and facilitating communication with the Willis Towers Watson as needed.

(75%) Act as Model Steward in a production role for Hannover's Life Traditional business lines:

• Implement strong version control request for RAFM code enhancements, Azure DevOps repositories, and other critical tools/systems that support the Traditional financial reporting process. Includes cell-level and regression testing. Covers multiple cohorts of business (Brock, BigMac/Clearwater, Organic, Retro) and reporting purposes (US Statutory, including CRVM, VM-20, and AG48, and Solvency II).

• Review, approve, and migrate new models and model enhancements to production created by modeling department, including updates to model point creation process.

• Support others in their modeling initiatives with one-off issues, e.g., PRV team or mortality study team.

(5%) Act as Model Steward in a production role for Hannover's Health Solutions and Life Structured business lines:

• Only pertains to RAFM modeled business, does not pertain to MG-ALFA, GGY-AXIS, or other modeling efforts.

• Prioritize model enhancements along with Life Traditional model enhancements and provide model coding changes and testing materials to business experts for review and signoff before released to production.

• Model use will remain the responsibility of the Health Solutions and Life Structured experts.

• Examples of model activities may include building an LTC model, NY health model, asset model.

Qualifications

Competencies:

• Manages complexities

• Decision quality

• Collaborates

• Ensures accountability

• Drives results

Essential knowledge skills and abilities:

• Bachelor's Degree in Actuarial Science or Computer Science

• Associate / Fellow of the Society of Actuaries

• Ability to work collaboratively across organization

Desired knowledge skills and abilities:

• 5+ years of reinsurance experience including a general understanding of the following: reinsurance accounting, valuation, reinsurance treaties, reinsurance administration, and familiarity with standard market conventions of the past 20 years.

• Proficient in using git for version control, collaboration, and code review. Familiar with git workflows, branching strategies, and best practices.

Travel:

• 5% Occasional travel to other Hannover offices may be required

Total Compensation Range (Inclusive of Base + Bonus) :

• $138,200 - $161,300

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 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.