Hannover Re

Actuarial Associate / Sr Actuarial Associate

Hannover Re$75K — $164K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree from an accredited college or university
  • 1 - 6 years of Life insurance/reinsurance actuarial experience
  • Excellent data-manipulation skills
  • Strong time management and project management skills
  • Ability to execute on multiple priorities simultaneously
  • Proficient in Microsoft Office Suite and 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's information to establish key pricing assumptions and deliver financial projections
  • Develop and maintain actuarial models for profit testing and reserving
  • Perform coding changes and assist in testing and documentation of software changes
  • Generate exhibits for regulatory reporting such as Statutory and Solvency II
  • Demonstrate progress and maintain good standing in the actuarial development program

Benefits

  • Comprehensive medical, dental, and vision coverage
  • Paid Time Off (PTO)
  • Company-provided life insurance and disability benefits
  • 401(k) with profit sharing
  • Additional ancillary benefits available
Full Job Description
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
  • Excellent data-manipulation skills
  • 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
  • Expertise in data analytics programs, e.g. R, SQL, etc.
  • 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 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

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

About Hannover Re

Hannover Re is a reinsurance company based in Hannover, Germany. It was founded in 1966 and is one of the largest reinsurance companies in the world. The company provides a range of reinsurance products and services to clients in more than 150 countries. Hannover Re operates through two business segments: Property & Casualty and Life & Health. The company's Property & Casualty segment offers reinsurance products for various lines of business, including aviation, marine, and energy. Its Life & Health segment provides reinsurance products for life and health insurance companies. Hannover Re is listed on the Frankfurt Stock Exchange and is a component of the MDAX index.
Learn more about Hannover Re
Size
32,000 employees
Industry

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