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Hannover Re · 1 day ago

EVP, Head of Annuity Solutions, 2973

Orlando, FL

Full-time

Onsite

Director/Executive

$450K/yr - $580K/yr

15+ years exp

Hannover Life Reassurance Company of America (Hannover Re) is currently seeking talented candidates for the EVP, Head of Annuity Solutions position. This role is responsible for the comprehensive management of the Annuity Solutions business, driving business strategy, managing client relationships, and overseeing financial reporting and risk analysis.

Financial ServicesHealth InsuranceInsurance

Comp. & Benefits

Responsibilities

Define and drive the new business strategy to write reinsurance solutions in the U.S. annuity and retirement market for HLR America

Create and/or oversee the innovation of new reinsurance solutions for U.S. annuity and retirement business, evolving to changing markets, demands and regulations

Direct and/or lead discussions, presentations and/or treaty negotiations with existing clients and prospective clients

Create and maintain guides for marketing, pricing, modelling, research and general governance for Annuity Solutions staff, ensuring proper collaboration with local and international departments such as Global Longevity, Investment & Collateral Management, Risk Management, etc. are incorporated into applicable processes

Review due diligence for all Annuity Solutions transactions, with ultimate responsibility of providing approval(s) for any underwriting action(s)

Prioritize and direct initiatives to contribute to the business unit and company’s immediate and longer-term performance metrics

Member of HLR America’s Operational Council

Member of HLR America’s Risk Committee

Lead and manage the Annuity Solutions team, including an Executive Assistant, a Marketing Actuary, Research & Development (3), and a staff of Pricing Actuaries (9). Staff size will vary with business demands

Be an active leader, creating a feedback culture and an environment where expectations and development goals are clearly communicated

Build a collaborative, yet goal-oriented team that drives new business results and embodies the we-spirit of Hannover Re

Connect and cooperate with various stakeholders throughout the Hannover Re organization to ensure Annuity Solutions business is fully understood by the respective departments that need to review or manage it, and facilitate collaboration with other business centers, departments and teams to transfer knowledge around Hannover Re

Review quarterly financials, Forecast and Financial Plan(s) for Annuity Solutions; produced by Financial Reporting & Valuation, the EVP having authority to sign off on results and agreeing deviations from expected

Provide semi-annual write-ups and presenting at HLR America Board of Director meetings (in person), providing strategic insight

Presenting to other stakeholders, such as rating agencies, auditors, and various regulatory bodies, as needed and as requested basis

Coordinate and review risk monitoring metrics for annuity business with HLR America Risk Management and Group Risk Management

Support coordination of policyholder behavior and longevity experience studies with HLR America Data Analytics and Global Longevity

Participate or direct participation in industry groups, such as the ACLI or American Academy of Actuaries, to stay current with industry trends and regulatory changes

Assist with ad-hoc projects or other duties, as assigned and as needed

Qualification

Actuarial ScienceReinsurance StructuresStrategic CommunicationFinancial ReportingClient Relationship ManagementLeadership ExperienceAction OrientedDecision QualityManages AmbiguityU.S. AnnuitiesAccounting FrameworksPolicyholder Behavior StudiesAsset Intensive ReinsuranceStrategic Mindset

Required

Bachelor's degree in Actuarial Science, Statistics, Mathematics, Finance, Economics or similar

Professional credential such as Fellow of the Society of Actuaries, Chartered Financial Analyst with relevant experience, or an MBA with relevant experience

15+ years of experience in the insurance or reinsurance industry

Management or leadership experience with actuaries or data scientists

Deep understanding of reinsurance structures and considerations

Strategic communication skills with ability to communicate complex concepts to a variety of stakeholders

Ability to organize and prioritize competing initiatives, directing staff and others to move multiple priorities forward