AVP, Actuary

Hannover Re – with around 4,000 employees at locations all over the world. Our strength? Connecting Power: We rely on each other. As a reinsurer, we protect customers in the event of a claim. This requires customised, innovative solutions. Solutions that worked yesterday may be outdated tomorrow. We challenge ourselves and continuously optimise our services, advice and products. All this makes us one of the leading and most profitable reinsurance groups in the world and a reliable employer.

Hannover Life Reassurance Company of America (Hannover Re) is currently seeking talented candidates for our open AVP, Actuary position. This is a Full‑Time role within the Health Solutions department. Please see below for more information regarding the essential functions of this position, required qualifications, and how to apply.

Job Summary

Ensures the financial success of Health Solutions through development and implementation of compelling reinsurance solutions for the company’s clients that achieve appropriate returns relative to the risk profiles assumed by Hannover Re affiliates. Coordinates with clients across business units and geographic locations to ensure successful implementation of reinsurance treaties. Performs significant modelling and analysis, conducts product and industry research, helps prepare documents/slide decks for management and client presentations, and participates in regular discussions with clients and internal key stakeholders.

Essential Functions

(60%) Technical support and analysis

• Develops, maintains, and runs pricing models and templates for use in profit testing and determination of economic capital and embedded value and ongoing risk analysis for risk and structured financial transactions.
• Provides analysis and evaluation of pricing model results and presents results in an appropriate manner to facilitate Vice President actuary review.
• Underwrites and evaluates pricing risks for all comprehensive health business including Accountable Care Organizations, Commercial Health, Medicare Advantage, Medicare Supplement, and Medicaid business in order to acquire profitable new business.
• Acquires, aggregates, and develops data for use in experience studies, profitability analysis, financial reporting, and risk management. Develops and maintains suitable reports of the data for use by senior management.
• Works closely with various key stakeholders across the organization to support the pricing and risk evaluation processes.

(25%) Business management and collaboration

• Assists the Vice President pricing actuaries in marketing structured reinsurance solutions to prospective clients to acquire new health reinsurance business.
• Collaborates with clients to improve performance.
• Produces required documentation for final pricing package for new business opportunities and actively participates in underwriting meetings.
• Proactively seeks ways to improve processes and create efficiencies.
• Works to build strong relationships with others in the organization.
• Manages actuarial associates in the Health Solutions pricing unit.
• Coaches and mentors junior technical professionals including actuarial associates and interns to develop a robust pool of technical talent for Hannover Re’s emerging resource needs.

(10%) Actuarial Research

• Researches regulatory developments, product filings, client developments and other aspects necessary to ensure the relevance and value of health reinsurance solutions.

(5%) Ad‑hoc projects / Other

• Assists with ad‑hoc projects and collaboration in the department or company.

You come equipped with

• Manages complexity
• Action oriented
• Tech savvy

Essential Knowledge, Skills, and Abilities

• Bachelor’s degree in Actuarial Science, Statistics, Mathematics or similar
• Must be Fellow of the Society of Actuaries
• Minimum of 6 years of experience in an actuarial role
• Computer software: Intermediate proficiency in Microsoft Excel, Microsoft Word
• Business skills: Strong verbal communication with ability to communicate complicated concepts tailored to different audiences, Excellent writing skills
• Strong organizational skills, and ability to manage competing priorities and deadlines
• Health product knowledge: Value-Based Care/Accountable Care Organizations

Desired Knowledge, Skills, and Abilities

• Programming knowledge: R, VBA, SQL, or proven aptitude to learn new languages
• Insurance product knowledge: Health insurance products
• Business knowledge: Reinsurance, US Statutory and GAAP, Solvency II, IFRS17

Travel

• 15% Expected overnight travel

Compensation (Inclusive of Base + Bonus)

• $180,400 – $244,100

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 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.