EVP, Head of Annuity Solutions, 2973

Hannover Re; Orlando (FL); On-site; USD 450,000 - 580,000; Full time

Benefits offered by this job

Comprehensive medical, dental and vision

Paid Time Off (PTO)

Company-provided life insurance and disability benefits

401(k) and profit sharing

Job summary

A leading reinsurance company is seeking an EVP, Head of Annuity Solutions in Orlando, Florida. This full-time role involves managing the Annuity Solutions business, overseeing profitability, and leading a diverse team. Candidates should possess a strong strategic mindset and extensive experience in the insurance industry. The position offers a compensation range of $450,000 to $580,000 and comprehensive benefits, including medical, 401(k), and PTO.

Qualifications

• 15+ years of experience in the insurance or reinsurance industry.
• Management or leadership experience with actuaries or data scientists.
• Deep understanding of reinsurance structures and considerations.

Responsibilities

• Responsible for comprehensive management of the Annuity Solutions business.
• Drive business growth for HLR America.
• Oversee in-force profitability and financial reporting.

Skills

Strategic Mindset

Action oriented

Directs Work

Decision quality

Manages Ambiguity

Education

Bachelor’s degree in Actuarial Science, Statistics, Mathematics, Finance, Economics or similar

Professional credential such as Fellow of the Society of Actuaries, Chartered Financial Analyst or an MBA with relevant experience

Job description

EVP, Head of Annuity Solutions

Hannover Life Reassurance Company of America (Hannover Re) is seeking accomplished candidates for the EVP, Head of Annuity Solutions position. This is a full‑time role within the Annuity Solutions department. The following outlines the responsibilities, qualifications, and application details.

Job Summary

Responsible for comprehensive management of the Annuity Solutions business for HLR America. The role drives business growth, aligns the unit’s goals with Hannover Re’s strategic initiatives and key performance metrics, oversees in‑force profitability adolescents, financial reporting, risk analysis, experience studies, and client relationship management. The EVP also holds seats on the HLR America Operational Council and the HLR America Risk Committee.

Essential Functions

(45%) New Business and Client Relationship Management

• Define and drive the new business strategy to write reinsurance solutions in the U.S. annuity and retirement market for HLR America.
• Create and/or oversee the innovation of new reinsurance solutions for U.S. annuity and retirement business.
• Direct and/or lead discussions, presentations and/or treaty negotiations with existing clients and prospective clients.
• Create and maintain guides for marketing, pricing, modelling, research and general governance for Annuity Solutions staff, ensuring proper collaboration with local and international departments such as Global Longevity, Investment & rabatt.
• Review due diligence for all Annuity Solutions transactions, with ultimate responsibility of providing approvals for any underwriting action.
• Prioritize and direct initiatives to contribute to the business unit and company’s immediate and longer‑term performance metrics.

(25%) Management and Development of Staff

• Member of HLR America’s Operational Council.
• Member of HLR America’s Risk Committee.
• Lead and manage the Annuity Solutions team, including an Executive Assistant, a Marketing Actuary, Research & Development (3) and a staff of Pricing Actuaries (9).
• Act as an active leader, creating a feedback culture and an environment where expectations and development goals are clearly communicated.
• Build a collaborative, goal‑oriented team that drives new business results and embodies the we‑spirit of Hannover Re.
• Connect and cooperate with various stakeholders throughout Hannover Re to ensure the Annuity Solutions business is fully understood by the respective departments that need to review or manage it, and facilitate collaboration with other business centers.

(25%) In‑force Management and Financial Reporting

• Review quarterly financials and forecasts for Annuity Solutions; sign off on results and agree on deviations.
• Provide semi‑annual write‑ups and present at HLR America Board of Director meetings.
• Present to rating agencies, auditors and regulatory bodies as required.
• Coordinate and review risk monitoring metrics for annuity business with HLR America Risk Management and Group Risk Management.
• Support coordination of policyholder behavior and longevity experience studies with HLR America Data Analytics and Global Longevity.

(5%) Ad‑hoc Projects / Other

• Participate or direct participation in industry groups such as ACLI or the American Academy of Actuariesخي.
• Assist with ad‑hoc projects or other duties, as assigned and as needed.

Competencies

看

• Strategic Mindset
• Action oriented
• Directs Work
• Decision quality
• Manages Ambiguity

Essential Knowledge, Skills, and Abilities

• Bachelor’s degree in Actuarial Science, Statistics, Mathematics, Finance, Economics or similar.
• Professional credential such as Fellow of the Society of Actuaries, Chartered Financial Analyst or an MBA with relevant experience.
• 15+ years of experience in the insurance or reinsurance industry.
• Management or leadership experience with actuaries or data scientists.
• Deep understanding of reinsurance structures and considerations.
• Strategic communication skills with ability to communicate complex concepts to a variety of stakeholders.
• Ability to organize and prioritize competing initiatives, directing staff and others to move multiple priorities forward.

Desired Knowledge, Skills, and Abilities

• Knowledge of U.Sロ annuities, U.S. PRT and U.S. Retirement market.
• Experience or background with accounting frameworks: Solvency II, U.S. Statutory and GAAP, IFRS.
• Knowledge of annuity‑based statutory reserve frameworks: CARVM, AG33, AG35, AG43 or preliminary VM22.
• Knowledge or experience with policyholder behavior or longevity experience studies.
• Knowledge or experience with asset‑intensive reinsurance.

Travel

• Significant travel to the Orlando office for onsite staff, business unit and management meetings; frequent travel to industry conferences and client visits; occasional international travel to Hannover Re Group meetings. Total travel may be up to 25% of working time.

Compensation (Inclusive of Base + Bonus)

• $450,000 – $580,000

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.

Equal Employment Opportunity Statement

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 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 butvoorwaarden: 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.

Accessibility Statement

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 request an accommodation, email HRLUS‑personnel@hannover‑re.com. Please allow 24 hours to process your request.

Application Instructions

We will accept applications until a candidate has been identified and selected to fill this position.