At a Glance
- Tasks: Analyse and model risks while supporting reinsurance portfolio reporting.
- Company: Join Hannover Re, a leading global reinsurer with a collaborative culture.
- Benefits: Competitive salary, flexible working hours, and opportunities for professional growth.
- Other info: Dynamic team environment with excellent career advancement opportunities.
- Why this job: Make a real impact in risk management and work with innovative solutions.
- Qualifications: Bachelor’s degree in Mathematics or Actuarial Science and relevant experience.
The predicted salary is between 40000 - 50000 £ per year.
Hannover Re - more than 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 customised, 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 Solutions that worked yesterday may be outdated tomorrow.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 Re, with gross reinsurance revenue of EUR 24.5 billion, is one of the world's leading reinsurers. Through its network of more than 170 locations worldwide and a total workforce of roughly 3,900, it transacts all lines of Property & Casualty and Life & Health reinsurance.
In Bermuda, the core subsidiary Hannover Re (Bermuda) Ltd. is a BMA regulated dual license reinsurer and has a focus on property catastrophe reinsurance contracts, mainly on an excess of loss basis, as well as on life & health business, mainly financial solutions. Hannover Re (Bermuda) Ltd. is a core part of Hannover Re and strategically operates as the Centre of Excellence for natural catastrophe risks.
We are currently seeking applicants for our Actuarial Analyst position reporting to the Head of L&H Corporate Actuarial. This role is responsible for valuation, documenting, reporting and monitoring of existing and new treaties for the Company’s reinsurance portfolios. The focus of these activities is on risk management tasks. The employee shall also undertake such additional or other duties as the Company may reasonably require from time to time.
Main Responsibilities:
- Analyzing, modeling and monitoring of risk through the Company’s business activities.
- Reporting and valuation of the reinsurance portfolio to fulfill reporting duties in accordance with current processes.
- Supporting the CRO in compiling and evaluating the risk management reports to meet Group and local regulatory standards.
- Coordinate meetings for the Risk Management Working Group/ Risk Committee.
- Support the quarterly value valuation process for Solvency II and IFRS reporting.
- Contribute to the development and enhancement actuarial valuation and analysis models.
- Monitoring performance of existing treaties.
- Maintaining strong relationships with Pricing and Financing Department and other entities of Hannover Re.
Requirements:
- Bachelor’s degree or equivalent qualification in Mathematics, Computer or Actuarial Science.
- Actuarial certification (or working towards) along with a minimum of two years’ experience.
- Knowledge and good understanding of Risk Agility FM, R, SQL, Power BI and VBA.
- Excellent organizational and time-management skills.
- Demonstrated ability to work independently on complex analytical problems while supporting broader team objectives.
- Strong written and verbal communication skills, with the ability to interact effectively with the Pricing and Financing Teams and other internal and external stakeholders.
- High attention to detail, strong work ethic and flexibility to work additional hours during peak business periods as needed.
Hannover Re (Bermuda) Ltd. is an equal opportunity employer. Qualified persons should apply by 31 May 2026. No need to upload a photo – it won't impact your application. All applications will be held in the strictest of confidence.
Actuarial Analyst in Hamilton employer: Hannover Re
Hannover Re is an exceptional employer, offering a dynamic work environment in Bermuda that fosters innovation and collaboration among its employees. With a strong commitment to employee growth, the company provides ample opportunities for professional development and encourages a culture of continuous improvement. As a leading reinsurer, Hannover Re not only offers competitive benefits but also the unique advantage of working in a strategic Centre of Excellence for natural catastrophe risks, making it an ideal place for those seeking meaningful and rewarding careers in the actuarial field.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Analyst in Hamilton
✨Tip Number 1
Network like a pro! Reach out to current employees at Hannover Re on LinkedIn or through mutual connections. A friendly chat can give you insider info and might just get your foot in the door.
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills. Make sure you can confidently discuss risk management, actuarial models, and any relevant software like R or SQL. We want to see that you're ready to tackle the challenges head-on!
✨Tip Number 3
Showcase your problem-solving skills during interviews. Be ready to share examples of how you've tackled complex analytical problems in the past. This is your chance to shine and demonstrate your value to the team!
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're serious about joining Hannover Re and being part of our innovative team.
We think you need these skills to ace Actuarial Analyst in Hamilton
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Actuarial Analyst role. Highlight relevant experience and skills that match the job description, especially your knowledge of risk management and actuarial modelling.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background makes you a perfect fit for Hannover Re. Don’t forget to mention your experience with tools like SQL and Power BI.
Showcase Your Analytical Skills:Since this role involves complex analytical problems, be sure to include examples of how you've tackled similar challenges in the past. This will demonstrate your ability to work independently while supporting team objectives.
Apply Through Our Website:We encourage you to apply through our website for a smooth application process. It’s the best way to ensure your application gets the attention it deserves!
How to prepare for a job interview at Hannover Re
✨Know Your Numbers
As an Actuarial Analyst, you'll be dealing with a lot of data. Brush up on your mathematical skills and be prepared to discuss how you've used them in past roles. Be ready to explain your thought process when analysing risk and how you approach complex problems.
✨Familiarise Yourself with Tools
Make sure you're comfortable with the software mentioned in the job description, like Risk Agility FM, R, SQL, Power BI, and VBA. If you can, try to showcase any projects or analyses you've done using these tools during the interview. It’ll show that you’re not just familiar but also proficient.
✨Understand the Company’s Focus
Hannover Re is all about innovative solutions in reinsurance. Research their recent projects or news articles related to their work in property catastrophe reinsurance. This will help you demonstrate your interest in the company and how you can contribute to their goals.
✨Prepare Questions
Interviews are a two-way street. Prepare insightful questions about the role, team dynamics, and the company's future direction. This shows that you’re genuinely interested and have done your homework, which can set you apart from other candidates.
