EVP, Head of Annuity Solutions

Position: EVP, Head of Annuity Solutions, 2973

EVP, Head of Annuity Solutions

Hannover Life Reassurance Company of America (Hannover Re) is seeking accomplished candidates for the EVP, Head of Annuity Solutions position. This is a full‑time role within the Annuity Solutions department. The following outlines the responsibilities, qualifications, and application details.

Job Summary

Responsible for comprehensive management of the Annuity Solutions business for HLR America. The role drives business growth, aligns the unit’s goals with Hannover Re’s strategic initiatives and key performance metrics, oversees in‑force profitability adolescents, financial reporting, risk analysis, experience studies, and client relationship management. The EVP also holds seats on the HLR America Operational Council and the HLR America Risk Committee.

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.
• 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 & rabatt.
• Review due diligence for all Annuity Solutions transactions, with ultimate responsibility of providing approvals for any underwriting action.
• 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).
• Act as an active leader, creating a feedback culture and an environment where expectations and development goals are clearly communicated.
• Build a collaborative, goal‑oriented team that drives new business results and embodies the we‑spirit of Hannover Re.
• Connect and cooperate with various stakeholders throughout Hannover Re to ensure the Annuity Solutions business is fully understood by the respective departments that need to review or manage it, and facilitate collaboration with other business centers.

(25%) In‑force Management and Financial Reporting

• Review quarterly financials and forecasts for Annuity Solutions; sign off on results and agree on deviations.
• Provide semi‑annual write‑ups and present at HLR America Board of Director meetings.
• Present to rating agencies, auditors and regulatory bodies as required.
• 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.

(5%) Ad‑hoc Projects / Other

• Participate or direct participation in industry groups such as ACLI or the American Academy of Actuariesخي.
• Assist with ad‑hoc projects or other duties, as assigned and as needed.

Competencies 看

• Strategic Mindset
• Action oriented
• Directs Work
• Decision quality
• Manages Ambiguity

Essential Knowledge, Skills, and Abilities

• 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 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.

Desired Knowledge, Skills, and Abilities

• Knowledge of U.Sロ annuities, U.S. PRT…