Company Profile:

The Hannover Re Group (www.hannover-re.com) is one of the world's leading reinsurers and Hannover Re (Ireland) DAC ("HRI") is a wholly owned subsidiary.

With approximately 4,000 staff worldwide, HRI employs 64 professionals in its Dublin office.

At HRI we strive to attract high quality talent and creative thinkers to realise our vision - to be Somewhat Different. HRI has a collaborative management philosophy and non-hierarchical environment which offers a unique and attractive working environment. We focus on attracting rounded and exceptional talent with long-term potential.

We recognise that the skills and expertise of our people are core to the success of our Company. We take a long-term view on development, placing emphasis on challenging our people to realise their ambitions within a supportive, fast-paced team environment. We have a strong track record of providing career progression opportunities, both locally and internationally.

We have active Sports & Social, Charity and Green Committees and we offer a flexible working environment.

The Role:

We are seeking a Pricing Actuary to lead new business acquisition which delivers client-centric reinsurance solutions and to play a critical role in the development of our Life and Health strategy.

This role is a call to self-driven unstructured problem solvers and is challenging, exciting and highly varied. It requires a candidate with solid industry experience, an understanding of life and health reinsurance across global markets as well as strong technical, communication and influencing skills.

The role will operate in an international environment, and the successful candidate will be expected to coordinate and work with international colleagues across the Hannover Re Group, in particular with Life and Health teams in Bermuda, Germany, Canada, Asia and Australasia.

The successful candidate will gain exposure to all aspects of the reinsurance business and be an integral part of the global Hannover Re team.

Working with a highly adept actuarial team, you will be provided the opportunity to lead transactions, demonstrate and enhance your skill set and to develop your own profile within the worldwide business.

Duties & Responsibilities :

Pricing

The responsibilities of the role will span all aspects of actuarial pricing and new business acquisition, including:

• Evaluate new business opportunities sourced from within the Hannover Re L&H world-wide network
• Set and review pricing assumptions
• Manage internal relationships and key stakeholders while managing successful acquisition and onboarding
• Demonstrate a thorough understanding of regulatory, accounting and economic impacts of prospective transactions
• Design and review bespoke reinsurance solutions to meet the diverse needs of our clients
• Work collaboratively across time zones and geographies with Hannover Re entities globally on new business opportunities and where required, supporting this activity with international travel
• Effectively communicate how complex reinsurance solutions operate, the effect on our risk profile and the financial and economic outcomes to the senior leadership team including the CEO, Business Centre Head L&H, CFO, Head of Corporate Actuarial and CRO
• Draft and review treaty wordings and transaction summary documentation
• Prepare and deliver presentations to internal colleagues on the latest pricing developments
• Maintain pricing procedures and underwriting guidelines in accordance with Hannover Re requirements and regulatory best practice
• Any other ad-hoc responsibilities and requirements in line with the priorities and needs of the Pricing department

Marketing and Strategy

• Contribute to the development and implementation of the L&H strategy
• Identify opportunities to support Business Centres within the Group
• Proactively identify and develop potential client opportunities across Europe for bespoke reinsurance solutions in collaboration with local markets, supporting both early-stage marketing initiatives and R&D activities
• Represent HRI pricing team at various internal Group workshops and external conferences
• Work alongside the L&H Business Centre Head in building and maintaining strong relationships with the Company's direct and internal clients

Regulation and Local Marketplace

• Actively monitor the changing regulatory environment internationally and locally (Solvency II/ IFRS 17) and assess impact on existing business and new business opportunities
• Contribute to discussions within the Hannover Re Group on matters affecting new business, product development and economic solvency capital requirements
• Attend international reinsurance industry meetings to monitor developments in relevant markets

Education and Experience:

• Qualified actuary with 2+ years post qualification experience
• Experience of life reinsurance is favourable, particularly in a pricing or structuring role
• International experience of reinsurance business across different regulatory and accounting regimes, geographies, reinsurance structures, product designs beneficial
• Advanced knowledge of European solvency and regulatory requirements

Skills:

• Strong analytical and technical capability with curious, creative approach to client solutions
• Time management - proven ability to manage competing priorities under challenging deadlines
• Critical thinker - performs independent assessments in new situations with the confidence to challenge the status quo
• Strategic - proactively identifies and drives business opportunities as they present themselves, influencing the key stakeholders

Person Specification:

• Team player and collaborative in nature - works well with others and takes time to share knowledge
• A self-driven unstructured problem solver
• Applies initiative and demonstrates accountability for own role
• Demonstrates capacity to influence decisions and manage relationships with key stakeholders both in HRI (Senior Leadership Team & Board) and across the Group internationally
• Excellent communication skills to present solutions to non-technical and culturally diverse clients in a clear and concise manner
• Adaptable and flexible approach to work