Actuarial Associate / Sr Actuarial Associate

Hannover Rückversicherung AG; Orlando (FL); On-site; USD 75,900 - 164,800; Full time

Benefits offered by this job

Medical, dental, and vision

PTO

Life insurance

401(k) and profit sharing

Disability benefits

Job summary

Hannover Life Reassurance Company of America (Hannover Re) seeks an Actuarial Associate / Sr Actuarial Associate for the Corporate Actuarial department. This full-time role in the Actuarial Development Program offers exposure to experience studies, pricing assumptions, and forecasting using advanced modeling software.

You will contribute to regulatory reporting and in-force management while progressing through the ADP.

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 experience studies using data analytics tools.
• Assess client information to construct mortality, lapse, and other pricing assumptions; coordinate with underwriting, marketing and reinsurance teams.
• Develop, maintain, and run models for profit testing, reserving, economic capital, forecasting and in-force management; present results.

Skills

Time management

Project management

Multi-tasking

Written and verbal communication

Education

Bachelor's degree

Tools

Excel

Word

Access

Outlook

VBA

Prophet

Job description

Actuarial Associate / Sr Actuarial Associate

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 CSS – Corporate Actuarial 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

Travel

• 5% overnight domestic travel

Compensation

• $75,900 - $164,800 (inclusive of Base and Bonus). Compensation is commensurate with number of exams passed.

Benefits

• 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.