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Hannover Re · 2 months ago

AVP, Actuary, 2836

Orlando, FL

Full-time

Hybrid

Mid, Senior Level

$180K/yr - $244K/yr

6+ years exp

Hannover Life Reassurance Company of America (Hannover Re) is currently seeking talented candidates for the AVP, Actuary position within the Health Solutions department. The role focuses on ensuring the financial success of Health Solutions through the development and implementation of reinsurance solutions, conducting significant modeling and analysis, and collaborating with clients and stakeholders.

Financial ServicesHealth InsuranceInsurance

Comp. & Benefits

Responsibilities

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

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

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

Assists with ad-hoc projects and collaboration in the department or company

Qualification

Actuarial ScienceFellow of the Society of ActuariesHealth product knowledgeRSQLRisk AgilityReinsurance knowledgeMicrosoft ExcelMicrosoft WordTech savvyAction orientedResourcefulnessVerbal communicationWriting skillsOrganizational skills

Required

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