EVP, Head of Annuity Solutions

Hannover Re - with around 4,000 employees at locations all over the world. Our strength? Connecting Power:
We rely on each other. As a reinsurer, we protect customers in the event of a claim. This requires customized, innovative solutions. Solutions that worked yesterday may be outdated tomorrow. We challenge ourselves and continuously optimise our services, advice and products. All this makes us one of the leading and most profitable reinsurance groups in the world and a reliable employer.

Hannover Life Reassurance Company of America (Hannover Re) is currently seeking talented candidates for our open EVP, Head of Annuity Solutions position. This is a Full‑Time role within the Annuity Solutions department. Please see below for more information regarding the essential functions of this position, required qualifications, and how to apply.

Job Summary:

This position is responsible for the comprehensive management of the Annuity Solutions business for HLR America. The primary responsibility is driving the business, aligning the business unit’s goals with Hannover Re’s strategic initiatives and key performance metrics. Management of the business unit also includes oversight of in‑force profitability and financial reporting, risk analysis and monitoring, experience studies, and client relationship management;

all with respect to Annuity Solutions business. The expectation of the EVP, Head of Annuity Solutions role is that they will lead by example and empower the teams that perform these various initiatives.

Essential Functions:

(45%) New Business and Client Relationship Management:

• 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.

(25%) Management and Development of Staff:

• 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.

(25%) In‑force Management and Financial Reporting:

• 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…