Actuarial Associate / Sr Actuarial Associate
About The Position
Hannover Life Reassurance Company of America (Hannover Re) is hiring a full-time Actuarial Associate / Sr Actuarial Associate in the Annuity Solutions department. The position is part of the Actuarial Development Program (ADP). The posting provides a general overview of an ADP role; specific responsibilities will vary according to department assignment, and a formal job description will be provided once the specific role is determined. The role involves developing data and assumptions for actuarial studies and pricing, building and maintaining models, supporting software development and testing, and preparing exhibits for regulatory reporting. Employees are also expected to demonstrate sufficient progress and remain in good standing in the actuarial development program.
Requirements
- Bachelor’s degree from an accredited college or university.
- 1–6 years of life insurance or reinsurance actuarial experience.
- Excellent data-manipulation skills.
- Strong time-management and project-management skills.
- Ability to execute multiple priorities simultaneously.
- Proficiency with Microsoft PC software, including Excel, Word, Access, Outlook, and VBA.
- At least two Society of Actuaries exams, with intent to become credentialed.
- Excellent written and oral communication skills.
Nice To Haves
- Experience with Risk Agility FM, Prophet, or other actuarial modeling software.
- Expertise in data analytics programs such as R or SQL.
- Coding experience, especially with actuarial software.
Responsibilities
- Acquire, aggregate, and develop data for experience studies using data analytics tools.
- Assess client information to construct mortality, lapse, and other key pricing assumptions.
- Work with underwriting, marketing, and other teams to understand clients’ products, distribution, and reinsurance needs.
- Develop financial projections for transactions using appropriate modeling software and present results for review.
- Develop, maintain, and run models for profit testing, reserving, economic capital calculations, forecasting, and in-force management.
- Validate, format, and present model results appropriately for review.
- Make software coding changes to prescribed standards, assist with regression and user acceptance testing, and complete documentation.
- Generate supporting exhibits for Statutory, Bermuda, and Solvency II regulatory reporting.
- Demonstrate sufficient 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) and profit sharing.
- Additional ancillary benefits.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
