AVP, Actuary, 3168

Essential Functions

• Structuring and Pricing:
• Reviews and analyzes historical experience on the underlying business.
• Develops appropriate pricing assumptions and actuarial models.
• Projects cash flows and financial results.
• Develops a transaction structure and effectively presents and communicates results to key internal stakeholders and clients.
• Achieves an attractive risk/return profile for the company on new transactions while complying with all applicable underwriting guidelines and regulatory requirements.
• Deal Management:
• Collaborates with clients to ensure that all data and documentation required throughout the pricing process is obtained.
• Communicates with clients to keep them informed of any issues that arise during the structuring and pricing process.
• Treaty Construction:
• Collaborates with internal and external counsel and with clients to produce reinsurance treaties and contract documentation that accurately describe the transaction structure and pricing and the obligations of the counterparties.
• Ensures that contractual obligations undertaken by the company are consistent with the pricing, structuring, and model work undertaken for the transaction.
• Implementation:
• Liaises with different functional units within the company to ensure the efficient implementation and management of new transactions.
• Works with the company’s internal retrocession partners to obtain retrocession coverage where necessary, and other forms of credit support.
• Ensures that the transaction optimizes the regulatory, capital and tax position of the company and group.
• Research & Development:
• Researches regulatory developments, differences between various accounting standards, developments in tax law changes, product development and filings, client developments and other aspects necessary to ensure the relevance and value of life reinsurance solutions.

Competencies

• Technical Modelling Capabilities
• Decision Quality
• Project Management
• Communicates Effectively

Essential Knowledge, Skills, and Abilities

• Education/Experience:
• Undergraduate degree in Mathematics, Statistics or Actuarial Science or similar.
• Fellow of the Society of Actuaries (or ASA with equivalent experience).
• Minimum six years’ experience pricing various kinds of insurance and annuities.
• Ability to read, analyze, manipulate, and interpret complex, technical documents and data.
• Ability to respond effectively to the inquiries from employees and management.
• Ability to analyze large amounts of information in an organized manner, identify issues or inconsistencies, fill in any information gaps and draw accurate sound conclusions.
• Ability to quickly conceptualize the most efficient design for complicated transactions.
• Significant experience in valuation and pricing of life insurance products.
• Experience with and working knowledge of reinsurance for life insurance products.
• Computer Skills:
• Microsoft PC software: Excel, Word, Access, Outlook, Teams, Co-Pilot
• Language Ability:
• Must possess excellent oral and written communication and presentation skills.

Desired Knowledge, Skills, and Abilities

• Working knowledge of U.S. statutory, tax and GAAP/IFRS accounting for life products.
• Working knowledge of multi-jurisdictional tax and capital requirements.
• Experience managing and coordinating projects, resources, and people.
• Strong organizational skills, and ability to manage competing priorities and deadlines.
• Actuarial modelling experience (e.g., MoSes/Risk Agility, MG-ALFA, TAS, AXIS, PTS, etc.).

Company Standards

• Adhere to Hannover Re policies, procedures and rules of conduct.
• Perform all duties with the goal of supporting our mission statement and maximizing shareholder value.
• Develop and maintain professional and productive working relationships with co-workers, customers, and/or vendors.

Compensation (Inclusive of Base + Bonus)

$166,900 - $225,800

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

Work Environment

This job is a full-time position that operates in either a home office or local office environment. It requires the ability to utilize standard office equipment, including but not limited to, computers, phones, and communication tools as needed.