EVP, Head of Annuity Solutions

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

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.

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.

The secondary responsibility of the EVP, Head of Annuity Solutions is a seat on the HLR America Operational Council (OC) and a seat on the HLR America Risk Committee (RC). The OC meets monthly to discuss company‑wide strategic initiatives with the President & CEO and the other EVPs of HLR America. The RC also meets monthly to review and vote on items that impact HLR America.

(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.
• 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 the Annuity Solutions business is fully understood and to facilitate collaboration with other business centers, departments and teams.

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

• Review quarterly financials, forecast and financial plans 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 Directors meetings (in person), providing strategic insight.
• Present to other stakeholders, such as rating agencies, auditors, and various regulatory bodies, as needed and on a requested basis.
• 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 the ACLI or American Academy of Actuaries, to stay current with industry trends and regulatory changes.
• As…