Actuarial Associate / Sr Actuarial Associate

Hannover Rückversicherung AG; Orlando (FL); On-site; USD 79,000 - 171,000; Full time

Benefits offered by this job

Medical, dental, and vision

PTO

Life insurance

401(k) and profit sharing

Additional ancillary benefits

Job summary

Hannover Re seeks qualified candidates for an Actuarial Associate / Sr Actuarial Associate in Orlando, FL, within the Annuity Solutions department. This full-time role offers exposure to data analytics, pricing assumptions, and regulatory reporting, with opportunities to contribute to models and disclosures.

Requirements include a Bachelor's degree, 1–6 years of life actuarial experience, two SOA exams, and strong Excel/VBA skills. Proficiency with Prophet or Risk Agility FM is a plus.

Qualifications

• Bachelor's degree from an accredited college or university.
• 1 - 6 years of Life insurance/reinsurance actuarial experience
• Strong time management and project management skills
• Ability to execute on multiple priorities simultaneously
• Microsoft PC software: Excel, Word, Access, Outlook, VBA
• Minimum of two actuarial exams from the Society of Actuaries with the intent to be credentialed.
• Excellent written and oral communications skills.

Responsibilities

• Acquire, aggregate, and develop data for use in experience studies through the use of data analytics tools.
• Assess client’s information to construct mortality, lapse, and other key pricing assumptions. Works with underwriting, marketing, and others to ensure understanding of the client’s products, distribution, and reinsurance needs.
• Develop, maintain, and run models for use in profit testing, reserving, calculation of economic capital, forecasting, and support in-force management.
• Perform coding changes to software that meet prescribed standards, assist in the regression and UAT testing of software coding changes, and complete documentation.
• Generate supporting exhibits for Statutory, Bermuda, and Solvency II regulatory reporting.
• Demonstrate sufficient progress and maintain good standing in actuarial development program.

Skills

Time management

Project management

Communication

Multitasking

Excel

Word

Outlook

VBA

Education

Bachelor's degree

Tools

Prophet

Risk Agility FM

Job description

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Actuarial Associate / Sr Actuarial Associate

Reference Number: 3385

Contract Type: Regular

Working Time: Full-Time

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.

Hannover Life Reassurance Company of America (Hannover Re) is currently seeking talented candidates for our open Actuarial Associate / Sr Actuarial Associate position. This is a Full-Time role within the Annuity 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 below provides a general overview of a position in the Actuarial Development Program (ADP). Your specific role
will vary depending on your department assignment, and you will be presented with a formal job description for your
specific role once it has been determined.

Essential Functions:

• Acquire, aggregate, and develop data for use in experience studies through the use of data analytics tools.
• Assess client’s information to construct mortality, lapse, and other key pricing assumptions. Works with underwriting, marketing, and others to ensure understanding of the client’s products, distribution, and reinsurance needs. Develop financial projections of transaction using appropriate modeling software and present results for review.
• Develop, maintain, and run models for use in profit testing, reserving, calculation of economic capital, forecasting, and support in-force management. Validate, format, and present results in an appropriate manner for review.
• Perform coding changes to software that meet prescribed standards, assist in the regression and UAT testing of software coding changes, and complete documentation.
• Generate supporting exhibits for Statutory, Bermuda, and Solvency II regulatory reporting.
• Demonstrate sufficient progress and maintain good standing in actuarial development program.

You come equipped with

Essential knowledge skills and abilities:

• Bachelor's degree from an accredited college or university.
• 1 - 6 years of Life insurance/reinsurance actuarial experience
• Strong time management and project management skills
• Ability to execute on multiple priorities simultaneously
• Microsoft PC software: Excel, Word, Access, Outlook, VBA
• Minimum of two actuarial exams from the Society of Actuaries with the intent to be credentialed.
• Excellent written and oral communications skills.

Desired knowledge skills and abilities:

• Risk Agility FM, Prophet, or other actuarial modelling software
• Experience in coding, especially actuarial software

Total Compensation Range: $79,200 - $170,700 (inclusive of Base and Bonus). Compensation is commensurate with number of exams passed.

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. To request an accommodation, email [e-mail]. 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.