Job Description

Our purpose? Beyond risk sharing – we team up to create opportunity. Delivering innovative, customised solutions in an environment where yesterday’s answers may not meet tomorrow’s challenges. This mindset has made us one of the world’s leading and most profitable reinsurance groups and a trusted, reliable employer.

In Australia and New Zealand, Hannover Re is a major player in the Life & Health reinsurance market. Locally, we combine the agility of a small, nimble team with the financial strength and global reach of one of the world’s largest reinsurers.

We currently have an exciting opportunity for a Valuation and Reporting Actuary to join our Life & Health Subsidiary in Sydney.

About the role:

Reporting to the Deputy Chief Actuary, this fixed‑term (12 month) role sits within our Life & Health Actuarial team and plays a key part in delivering high‑quality valuation and financial reporting outcomes.

As a Valuation and Reporting Actuary, you’ll be hands‑on with quarterly valuations, experience investigations and the analysis and reporting of results under AASB 17 / IFRS 17, working closely with local and global stakeholders across Hannover Re. This is an opportunity to apply your technical expertise while contributing to process improvement and broader actuarial initiatives.

You can look forward to

• Playing a central role in quarterly actuarial valuations, from data validation through to analysis, calculation and review of actuarial reserves
• Investigating experience results, identifying emerging trends and translating insights into meaningful business commentary
• Compiling, analysing and reporting valuation outcomes across local and Group reporting bases, including AASB 17 / IFRS 17
• Presenting valuation and experience results to local management and Home Office, and confidently responding to stakeholder queries
• Supporting statutory reporting requirements, including actuarial inputs to APRA and Group submissions
• Monitoring and reporting client‑specific experience, issues and insights on both a regular and ad‑hoc basis
• Identifying and contributing to process, data and reporting improvements alongside actuarial, finance and operations colleagues
• Supporting the implementation of changes in financial reporting standards and actuarial developments
• Working collaboratively with teams across Actuarial, Finance, Operations, Client Services, IT/Data, Claims, Underwriting and Pricing
• Contributing to a strong risk, compliance and values‑driven culture

You come equipped with

• FIAA qualification (or equivalent) and five years’ (or more) experience within the life insurance industry
• Proven experience in actuarial valuation and IFRS 17 reporting in Australian life insurance
• Understanding of Australian life insurance legislation, prudential standards and taxation requirements
• Strong analytical and problem‑solving capability
• Advanced Excel skills, with experience in tools such as Power BI, SQL and R considered an advantage
• Solvency II knowledge and experience desired but not required
• The confidence to work independently while collaborating effectively as part of a high‑performing team
• Clear written and verbal communication skills, with the ability to explain complex actuarial concepts to diverse stakeholders
• A proactive mindset, curiosity for improvement and a genuine desire to continuously refine processes and outcomes

Applicants must have unrestricted rights to work in Australia (Australian citizenship or permanent residency).

What do we offer you:
Are our values, Responsibility, Drive and We Spirit aligned with yours?

Culture & environment
You’ll join an international organisation with short decision paths, an open feedback culture, and a strong sense of community built on respect, collaboration and mutual support.

Benefits
We value our people and their contribution to our shared success. Our benefits include structured onboarding, hybrid working arrangements, an Employee Assistance Program (EAP) and modern offerings focused on professional development, wellbeing and engagement.

Career development
You’ll bring your specialist expertise and in return we offer continuous learning, exposure to global perspectives, and the opportunity to contribute ideas, innovate and shape your career.

Only together can we achieve our objectives.

To learn more about Hannover Re Australia, visit our careers site: https://www.hannover-re.com/de/local-offices/australia/career/

We don’t just offer a job and a title. If you’re looking for an organisation that genuinely values its people and is Somewhat Different, we would love to hear from you.

Apply now!