Direct Product Analyst

Hannover Rückversicherung AG; Sydney; Hybrid; AUD 110,000 - 160,000; Full time

Benefits offered by this job

Hybrid working arrangements

Employee Assistance Program (EAP)

Professional development

Wellbeing and engagement

Job summary

Hannover Re Australia is seeking a Direct Product Analyst to support the Life & Health franchise in Sydney. You will monitor, report on, and manage existing products, ensuring regulatory obligations are met and contributing to new product solutions.

The role requires a minimum of 3 years in life insurance, an actuarial degree (preferred) with FIAA progress, strong Excel/Power BI skills, and the ability to collaborate across stakeholders while maintaining high data integrity.

Qualifications

• At least 3 years' experience in the life insurance industry.
• Degree in Actuarial Studies preferred; FIAA progression is advantageous.
• Experience with Design and Distribution Obligations (DDO) preferred.
• Advanced Microsoft Excel skills.
• Familiarity with AI-enabled tools like Power BI, Python, SQL or Copilot.
• Strong stakeholder management and communication abilities.
• Ability to work independently and as part of a team.
• Attention to detail and confidentiality.

Responsibilities

• Support ongoing monitoring and reporting of Direct insurance products.
• Monitor compliance requirements including DDO across products.
• Assist with product reviews and regulatory changes.
• Help onboard new products within the onboarding framework.
• Collaborate with internal stakeholders across actuarial, underwriting, claims, risk and operations.
• Maintain product guidelines and reporting processes.

Skills

3+ years life insurance experience

Stakeholder management

Strategic thinking

Attention to detail

Communication skills

Continuous improvement mindset

Data & automation interest

Education

Actuarial Studies degree

FIAA qualification progress

Tools

Excel (Advanced)

SQL

Power BI

Python

R

Copilot

Job description

Select how often (in days) to receive an alert:

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.

In Australia and New Zealand, Hannover Re is a major player in the Life & Health reinsurance market. Locally, we combine the agility of a small, nimble team with the financial strength and global reach of one of the world’s largest reinsurers.

We currently have an exciting opportunity for a Direct Product Analyst to join our Life & Health Subsidiary in Sydney.

About the role:

Reporting directly to the Head of Direct Product & Pricing permanent role will be responsible for supporting the Head of Product & Pricing and the Direct Business Development Team with the ongoing monitoring, reporting and management of existing products, including the associated regulatory and compliance obligations (in particular, the Design & Distribution Obligations). This position will also be involved in the development of new product solutions in the Direct Business.

You can look forward to

• Supporting the ongoing monitoring, reporting and management of Direct insurance products.
• Monitoring product compliance requirements, including Design and Distribution Obligations (DDO), across new and existing products.
• Supporting product reviews and the implementation of regulatory changes impacting Direct products.
• Developing and maintaining product guidelines, processes and procedures.
• Reviewing and enhancing product team processes and reporting frameworks.
• Supporting the onboarding of new products through the established onboarding framework.
• Managing client relationships and responding to client enquiries in a timely and professional manner.
• Collaborating with internal and external stakeholders to develop and launch new product solutions.
• Working closely with teams across Actuarial, Underwriting, Claims, Risk, Compliance and Operations.
• Contributing to a culture of strong risk management, governance and compliance.

You come equipped with

• At least 3 years' experience in the life insurance industry.
• A degree in Actuarial Studies (preferred but not essential) and progress towards FIAA qualification or equivalent.
• Experience with Design and Distribution Obligations (DDO) (preferred).
• Advanced Microsoft Office skills, including advanced Excel.
• Experience with, or a strong interest in, analytical, productivity and AI-enabled tools such as Excel, SQL, Power BI, Python, R and Copilot.
• Strong stakeholder and relationship management skills.
• The ability to recognise when issues should be escalated and involve others where required.
• Strategic thinking skills and the ability to engage with senior stakeholders.
• Excellent organisational skills, attention to detail and the ability to prioritise effectively.
• Strong written and verbal communication skills.
• Well-developed analytical and problem-solving skills.
• The ability to work independently while contributing effectively as part of a team.
• Professional integrity, sound judgement and a commitment to confidentiality.
• A curious and continuous improvement mindset, with an interest in leveraging data, technology and automation to improve outcomes.

Applicants must have unrestricted permanent rights to work in Australia (Australian citizenship or permanent residency only).

What do we offer you:

Culture & environment

You’ll join an international organisation with short decision paths, an open feedback culture, and a strong sense of community built on respect, collaboration and mutual support.

Benefits

• We value our people and their contribution to our shared success. Our benefits include structured onboarding, hybrid working arrangements, an Employee Assistance Program (EAP) and modern offerings focused on professional development, wellbeing and engagement.

Career development

You’ll bring your specialist expertise and in return we offer continuous learning, exposure to global perspectives, and the opportunity to contribute ideas, innovate and shape your career.

Only together can we achieve our objectives.

To learn more about Hannover Re Australia, visit our careers site: https://www.hannover-re.com/de/local-offices/australia/career/

We don’t just offer a job and a title. If you’re looking for an organisation that genuinely values its people and is Somewhat Different, we would love to hear from you.