Our client, an international insurance company is looking for a Pricing Actuary to strengthen the Technical Pricing Department. He·she will be in charge of providing advice on pricing, model and management information development. He·she will be the 1st point of contact for underwriting clients to ensure continuity of service and class specific expertise.

The Pricing Actuary will also provide advices on case pricing and rate monitoring and assist with the claims reserving process. The Actuary will also work closely with the rest of the Pricing team and underwriters to ensure consistency of pricing models were possible, and that projects are delivered in a collaborative manner. 

The Pricing Actuary will be responsible for  :

• Pricing:
  • Managing and/or assisting in the development, maintenance & testing of models acting as the first point of contact for underwriting clients;
  • Analyzing the performance of current integrated pricing models and potential portfolio tenders;
  • Ensuring models meet the company’s pricing policy and standards in respect of technical pricing and rate monitoring;
  • Supporting and driving the model modernization effort;
  • Overseeing and supporting the other actuaries’ work on actuarial case pricing and trending analysis on individual contracts;
  • Supporting the underwriters and other actuarial team members with work on renewal rate movements;
  • Supporting the quarterly review of reinsurance modelling data.
• Reserving and claims:
  • Supporting the company’s review of claims development where requested, either on individual risks or across a book of business.
• Monitoring:
  • Managing the development and maintenance of management information, both within the business unit and across, as appropriate;
  • Overseeing and supporting the Class Performance Reviews giving an independent opinion on the quality of the risks written.
• Catastrophe modelling:
  • Working with Catastrophe Modelers managing the development and maintenance of tools;
  • Assisting the Catastrophe Modelling and underwriting teams in the aggregate analysis of portfolios.

Profile

• Hold a degree in actuarial science, being a member of an Actuarial Institute or Association is a plus.
• Have actuarial pricing expertise, specially in non-life. Being familiar with the following corporate lines: fleet and agriculture, is a plus.
• Having experience in automated underwriting distribution.
• Advanced knowledge of Excel and VBA. Having experience with Python is a strong advantage.
• Proactive, flexible and adaptable.
• Good interpersonal skills
• Good communication skills (both oral and written)
• Ability to work well under pressure
• Attention to detail and ability to self-check work
• Fluent in English, being fluent in French or Dutch is a plus, but not necessary.

Our client, an international reinsurance company is looking for a Technical Advisor Analytics. He·she will play an active part in the applied research and technical development of the company.

The Technical Advisor Analytics will be responsible for  :

• Awareness and understanding of the business drivers for the function that they are supporting.
• Use appropriate systems and procedures to ensure accurate data is used and subsequently appropriate analyses produced. This is to include adopting efficient and consistent actuarial models and processed and/or technologies where appropriate.
• Ensure appropriate checks are performed within processes to minimize inaccuracies.
• Comply with documentation of key processes and policies to ensure the company and its divisions:
  • Comply with all material legal and regulatory requirements
  • Adhere to relevant actuarial standards and good practice
  • Meet all internal European and/or global internal reporting requirements
  • Support with minimizing the risk of business discontinuity
• Assist the Actuarial Manager to ensure that processes are aligned to business needs and fit for purpose.
• Build and maintain relationships with internal and external stakeholders to improve customer focus.
• Reserving: support the forecasting of technical provisions, reserve margins and reserve uncertainties to provide business analysis/MI for reports and accounts, business planning, profitability studies and commutations.
• Portfolio performance monitoring: Support the development and provision of underwriting statistics to Actuarial team/Finance/Board/Underwriters in order to provide accurate management information. Including performance to business plan
• Pricing: Support the development of pricing tools and rates and the review of premium/rating methods to ensure that methods adopted by the business are robust/valid.
• Business Planning: Support the business planning process including collection and analysis of information, development of tools and reports to ensure that best practice is followed.
• Reinsurance: Support the analysis of reinsurance options and reinsurance purchases as required so the company makes best possible use of reinsurance purchases.
• Capital Modelling: Support the analysis to determine the capital needs of the business. Support the development of reports and presentations appropriate to the parties involved including internal management and regulators to ensure the company has good understanding of capital needs and regulators are satisfied with the company’s capital management.
• Risk aggregation: Support in the modelling and analysis of risk aggregation to enable the company to manage these exposures appropriately.

Profile

• Ideally a previous experience in (re)insurance, in an actuarial role.
• Some understanding of industry best practice in actuarial analysis, modelling and underwriting.
• An understanding of insurance business processes, and ideally of reinsurance.
• Some understanding of compliance issues.
• Excellent skills in Excel and other analytical tools.
• Ability to use and interpretate numerical data.
• Ability to influence both directly and indirectly.
• Autonomy, and good organization skills.
• Respecting deadlines.
• Ability to work within defined procedures.
• Bilingual in one of the two national languages, and a good understanding of the other national language, good level of English (read, written and spoken).

Our client, an insurance company, is looking for an Actuary who will be responsible for determining the required premium for existing and new products, monitoring profitability, and calculating GAAP and IFRS reserves.

To do this, the Actuary will use statistical methods to analyze claims and portfolio developments and actuarial software to estimate future developments. The recruit will work as part of a dynamic and motivated actuarial team, but he/she will also work closely with other colleagues within the company.

More specifically, the Actuary will contribute to the following tasks :

• Determining the premium for new individual and group products.
• Making recommendations to adjust premiums for existing products.
• Monitoring the profitability of products and the portfolio.
• Calculating provisions on the basis of various technical parameters and explaining changes.
• Estimating the actuarial assumptions to be used for premiums, reserves and Solvency II.
• Automation of calculation and reporting processes.
• Ad hoc analyses on internal or external request (e.g. actuarial function, risk management, parent company, auditor, Assuralia...).
• Taking part in the IFRS 17 project.
• Presentation of results to colleagues, management and other stakeholders.

Profile

• Master’s degree in Actuarial Science, Mathematics or Economics
• Prior experience in a similar function, with a knowledge of SII.
• Good knowledge of MS Office programs
• Knowledge of actuarial and/or statistical software such as Prophet, ResQ and/or R is a plus
• Team spirit and collaboration
• Analytical skills and ability to combine facts and figures
• Critical thinking mindset
• Proactivity, curiosity, and sense of innovation
• Pragmatism and efficiency
• Ability to translate technical actuarial issues to colleagues and management, both in writing and orally
• Very good knowledge of English (written and spoken) and professional knowledge of French and/or Dutch

Our client, an international bank-insurance company, is looking for an IFRS17 Actuary to strengthen the Financial Management and Models Department. He·she will be in charge of defining actuarial methodological options within the framework of IFRS17, ensuring a regulatory watch and contributing to lobbying on Solvency 2 and IFRS17.

The future IFRS17 Actuary will be responsible for the following tasks:

• IFRS 17: coordinating the activity aimed at defining the Group's actuarial normative guidelines on IFRS 17 (contract classification, contract boundaries, calculation methods, transition methodology, etc.) and providing support to subsidiaries on these subjects.
• Solvency 2: to be in charge of the SCR calculation methodologies and to act as a reference for the group's entities on this topic.
• Regulatory tests (EIOPA stress test, ACPR collections, etc.): assisting participating entities in understanding and interpreting technical specifications.
• Produce impact studies as part of regulatory lobbying.
• Regulatory monitoring and lobbying: coordinating Solvency 2 regulatory monitoring on the scope of the 1st pillar and on IFRS17 actuarial methodologies and defending the group's interests in the relevant bodies or working groups (Solvency 2 Committee of the FFA, Working Groups of the Institute of Actuaries, etc.)…

Profile

• Hold a master’s degree in actuarial sciences/the Actuary title or equivalent.
• Minimum 3 years of professional experience in life insurance, in an actuarial role.
• Excellent and deep knowledge of IFRS17, its challenges and impacts.
• Knowledge of Solvency 2.
• Previous experience with Prophet is a plus.
• Ability to work transversally with a wide range of interlocutors (technical and non-technical departments, regulators at national and European level, lobby, FFA, IA...).
• Excellent communication and presentation skills.
• Strong analytical and synthesis skills. Able to quickly understand technical issues and summarize them in a synthetic manner.
• Fluency in French and at least a good understanding of English, fluency is a big advantage.

Our client, a consulting firm specialized in mergers & acquisitions, is looking for an M&A Consultant to strengthen its M&A department, based in Paris. He·she will join a small team in a dynamic environment with strong client exposure.

The M&A Consultant will work under the direct supervision of VPs and Directors, and with the support of a full team of Analysts and interns.

In this role, the M&A Consultant will be responsible for

• Executing mandates from process definition, drafting of marketing documentation to negotiation phases:
  • Strategic analysis of markets and sectors.
  • Preparation of teaser, information memorandum and management presentation.
  • Construction, analysis and presentation of business plans.
  • Structuring of LBO and valuation models.
  • Management of exchanges with potential acquirers, targets and investors and participation in negotiations.
  • Coordination of due diligence phases.
• Developing the skills of and supervising the team of analysts and interns.
• Participate in the life of the team.

Profile

• Graduate from a top business school, engineering school or postgraduate degree.
• At least 3 years of successful experience in M&A, acquired in an investment bank or in a leading M&A boutique.
• Rigor and ability to invest in complex matters.
• Analytical and synthesis skills.
• Communication and presentation skills (written and oral).
• Team spirit and sense of initiative.
• Fluency in French and good command of English.
• Fluency in any other European language is an asset.

Our client, an international insurance company, is looking for an Operational Risk and Internal Control Expert. Within the framework of the company's risk policies, he·she contributes to the implementation of the risk management strategy and framework.

The Operational Risk and Internal Control Expert will be responsible for:

• Apprehending all the risks related to the company's activity in an analytical, qualitative and quantitative manner: leading, developing and monitoring the mapping of risks and controls in collaboration with operational staff (process of risk identification, evaluation, monitoring and reporting)
• Leading and developing the operational risk management system and the internal control system;
• Annual planning of risk control activities in areas related to operational risks: drawing up and implementation a plan for controlling risks, processes, procedures and data relating to operational processes.
• Set up and monitor indicators for the management of operational risks.
• Coordinate and develop the system for collecting operational risk incidents.
• Contributing to the definition and implementation of the risk management framework (ERM): drawing up risk policies (methodology, limits, reporting, framework and processes), assessing compliance (ERM Review), leading the ERM system among operational staff.
• Participate in Group Technical Committees in areas related to operational risks,
• Animate, develop and document the company's business continuity plan,
• Carry out a technical and regulatory intelligence in terms of regulatory requirements and solvency.

Profile

• University degree,
• At least 5 years of experience in internal control and/or operational risk management,
• Sound understanding of Risk Management and internal control practices and methods,
• Previous experience in the insurance industry, knowledge of life insurance is a great asset,
• Knowledge of Solvency II regulations,
• Integrity, honesty, trustworthiness, independence, ethical and credible,
• Relational ease, availability, diplomacy and openness to others,
• Great autonomy and sense of organization,
• Ability to question oneself,
• A good command of English (written and spoken) is a strong asset.

Our client, an international consultancy company is looking for a Credit Risk (Senior) Manager to strengthen the Credit Risk Department. The department advises leading financial services organizations on a wide variety of risk and capital management issues. These range from the implementation of new regulatory requirements, such as Basel III and IFRS 9, and the remediation following supervisory inspections, to defining and setting risk appetite and improving risk management throughout the organization. The Credit Risk (Senior) Manager will work on credit risk quantification: capital requirement calculation, IRB modelling, credit VaR, credit pricing, business modelling including early warning systems, collection models etc.

The Credit Risk (Senior) Manager will  :

• Strengthen client relationships through tailor made professional services for the clients and develop new business networks.
• Prepare and present proposals to clients for end-to-end solutions.
• Keep track of new regulations and their impact on the market.
• Work closely with the colleagues and team members in other areas especially in delivering cross-functional projects.
• Provide consultancy  and expertise on regulatory developments and/or credit risk modelling; TRIM remediations, credit risk modelling, validation and model audit.
• Involvement in non-regulatory modelling projects to support the credit business of the clients, this includes but is not limited to, pricing, profitability, early warning, fraud and/or collection models.…

Profile

• Hold a master’s degree or a PhD in economics, statistics, quantitative finance, mathematical or engineering discipline
• At least 5 years of professional experience in credit risk departments of banks in regulatory models (development and/or validation of PD, LGD and EAD models).
• Knowledge of a risk management framework (risk appetite framework, risk identification, risk measurement and risk mitigation), Basel agreements and recent developments (Basel IV) and general credit risk related regulatory requirements (CRR/CRD IV and IFRS 9 requirements).
• Knowledge of credit risk quantification: capital requirement calculation, IRB modelling, credit VaR, credit pricing, business modelling including early warning systems, collection models etc
• Good knowledge of programming languages such as Python, R or SAS.
• Excellent written and oral communication skills as well as presentation skills.
• Fluent in English and either in French or Dutch.

Our client, an insurance company is looking for a Head of Risk Analysis to join the Risk Management Department. As an expert in risk management, he/she will be in charge of leading a team and designing and monitoring the risk policy. He·she will also be responsible for  :

• Formulating an opinion on risk management and controlling the first line of defense regarding calculations and processes on life, non-life, ALM and investments.
• Developing a policy and guidelines for the risk management of the investment strategies and the ALM.
• Developing a policy and guidelines for the risk management of insurance activities (life and non-life), liaising with the different departments that are involved.
• Following up on the implementation of said policies and guidelines and the respect of their operational limits.
• Monitoring and updating the asset allocation strategy in accordance with the risk management policy.
• Coordinating and taking part in the writing of the regulatory reports (RSR, SFCR, compliance…)
• Operating a regulatory intelligence on both national and international levels
• Taking part in preparing the different committees the Risk Management department is involved in.

In addition, as Head of Risk Analysis, he·she will plan the tasks and resources of the team to carry out their missions.

Profile

• Hold a PhD or master’s degree in actuarial, economic, mathematical, physical or engineering sciences.
• At least 5 years of experience in actuarial and/or risk management.
• Good knowledge of Solvency II.
• Excellent knowledge of financial instruments.
• Knowledge of MS Office, VBA.
• Good team management skills and team spirit.
• Critical thinking, stress resistance and result orientation.
• Excellent communication skills.
• Proficiency in one of the national languages (French or Dutch) and at least a good understanding of the other, as well as fluent in English.