Our client is looking for an Internal Model Auditor to join the Internal Model supervision team. He·she will be in charge of the review, validation and approval of internal models for banks.

The Internal Model Auditor will be responsible for:

• Carrying out on-site inspections, possibly in collaboration with international teams and/or abroad,
• Controlling banking activities,
• Ensuring approval of internal credit risk models,
• Contributing to the monitoring of a large number of financial institutions to gain insight into industry practices,
• Contributing to the development of control policy notes,
• Contributing to the promotion of best practices,
• Participating actively in national or international working groups for the development of control policy and the promotion of best practices,
• Taking part in the discussions regarding the use of Machine Learning techniques for capital reporting.

Profile

• Master’s degree in Physics Engineering, Actuarial Science, Statistics or Mathematics, or in Business Engineering with a quantitative background,
• Have experience in financial modelling and a previous experience with Solvency II and/or Basel II/III is a strong asset,
• Good programming skills, specifically in SAS, R and Matlab,
• Excellent communication skills,
• Strong sense of ethics and independent thinking,
• Fluent in English, native in either French or Dutch with at least a passive understanding of the other national language.

Our client, an insurance company, is looking for a Non-life Risk Modelling Actuary to strengthen the Risk Management Department. He·she will be in charge of developing and monitoring the risk management of the company.  

The Non-life Risk Modelling Actuary will be responsible for:

• Monitoring and developing Non-life and Workers’ Compensation models;
• Assessing and monitoring the risk profile;
• Participating in activities related to the implementation and the review of the overall risk management system and in particular the process for internal risk and solvency assessment (ORSA);
• Collaborating on the production of the various risk reports produced by the department as well as their continuous improvement, in particular through the development and maintenance of decision support tools;
• Carrying out ad hoc analyses and providing advice;
• Contributing to the regulatory monitoring of risk management and Solvency 2 regulations.

Profile

• Master’s degree in Mathematics, Actuarial Science or any equivalent experience;
• At least 3 years of experience in modelling or in insurance risk management;
• Comfortable in social relationships and assertive;
• Ability to work in team and autonomously;
• Ability to take charge of files and bring them to a successful conclusion;
• Rational mind and a good practical intelligence;
• Native in French or Dutch and a good knowledge of the second national language and of English.

Our client, an insurance company is looking for a Life Risk Monitoring Actuary to strengthen the Risk Department. He·she will be in charge of  the actuarial follow-up of the company’s technical result and the achievement of high quality standards in line with the actuarial governance.

The Life Risk Monitoring Actuary will be responsible for  :

• Monitoring and analysing the technical basis of various risks;
• Calculating and monitoring of reinsurance premiums and claims and the follow-up of the relationship with the reinsurer;
• Calculating and monitoring of statutory and IFRS reserves (mathematical and claims reserves) and assessing the adequacy of existing provisioning methods and suggesting necessary adjustments;
• Analysing and monitoring of production and claims using statistical tools (Python/R) and automation of reports/dashboards via PowerBI;
• Preparing and reporting the technical results for the quarterly/annual closings;
• Establishing actuarial studies related to claims experience, Boni-Mali, adequacy of charges and the correspondence between provisions and expected liabilities;
• Participating in budgeting and profit study;
• Communicating and collaborating with other departments;
• Setting up an (underwriting) risk dashboard to communicate clearly and effectively with other departments;
• Adapting the necessary tools for risk monitoring, cash-flow and liability estimation;
• In-depth data analysis and process automation.

Profile

• Master’s degree in Actuarial Science, Statistics, Mathematics;
• 2 to 3 years of experience in insurance is an asset;
• High knowledge of databases, and at ease with coding in SQL, Python, SAS, VBA(VB), R;
• Knowledge of tools such as Microsoft Excel, Access, etc.;
• Capacity to be integrated into a permanent training plan;
• Strong analytical thinking skills and ability to make judgements;
• Accurate and critical thinking about numbers;
• Good organisational skills, ability to meet deadlines and resistance to stress;
• Result driven and team player;
• Proactive and responsible;
• Good knowledge of English, French and/or Dutch.

Our client, an insurance company is looking for an ALM Modelling Actuary to strengthen the Actuarial Department. He·she will be in charge of  savings modelling.

The ALM Modelling Actuary will be responsible for  :

• The development, performance and maintenance of the documentation and testing of the IFRS 17 and Solvency 2 actuarial model in conjunction with the business actuarial teams who provide the business requirements;
• Unification of the three savings models for France, Italy and Luxembourg and their migration from Prophet to Python;
• Maintaining liaison with the actuaries in these countries and in the head office where your position is located through the various stages of model development: planning, understanding and discussing business needs, architecture, modelling, testing and troubleshooting;
• Answering questions from internal or external auditors;
• Contributing to the knowledge of the modelling team through two presentations per year using your own reading, learning or implementation.

Profile

• Master's degree in Actuarial Science or equivalent;
• 5 to 10 years of experience, with a preference for a profile with 7 to 10 years of proven experience in ALM, Life and Savings modelling;
• Very good knowledge of modelling, especially Prophet and/or Python tools;
• Customer orientation and their needs;
• Good working ability and respect for deadlines;
• Resilience and attention to detail;
• Ability to share knowledge;
• Creative and problem solving skills;
• Fluency in English, both spoken and written.

Our client , an insurance company, is looking for a Life Risk Actuary to strengthen the Risk Department. He·she will be in charge of various missions related to savings.

The future Life Risk Actuary will be responsible for :

• Participating in the review of models (review of data, assumptions, technical specifications, implementation, results ...) and produce analyses and opinions;
•  Contributing to the work related to the implementation of IFRS 17;
• Participating in the improvement and automation of risk monitoring dashboards;
• Participating in the production of ORSA reports and actuarial function reports;
• Identifying and monitor the risks of the Life Insurance and Savings portfolio, in conjunction with the unit in charge of investment monitoring;
• Participating in the preparation of the various Risk Committees under the responsibility of the management (ALM and Risk Management Committee, Model Committee, Technical Committees, New Products Committee, etc.)

Profile

• Master’ degree in Actuarial Science or equivalent training specialising in Actuarial Mathematics with knowledge of Solvency / IFRS 17 regulations
• 3 to 5 years of professional experience
• Knowledge of the operation of savings and actuarial science is an asset
• Very good command of Excel, VBA, SAS and C#
• Excellent level of analysis, synthesis and presentation
• Autonomy, proactivity, good interpersonal skills, curiosity and sense of innovation
• Good knowledge of professional English

Our client, an insurance company is looking for a Head of Actuarial Function to strengthen the Risk Management and Compliance Department. He·she will be in charge of the Actuarial Function service.

The Head of Actuarial Function will be responsible for  :

• Providing independent assurance to the Management Committee and the Board of Directors of the quality of the actuarial studies and calculations through technical and relevant advice. He·she coordinates the Actuarial Reports and ensures the adequacy of the methodologies, models, data and assumptions used in the calculations and supervises the various calculations;
• Providing opinions on underwriting, reinsurance, reserving and profit sharing policies. In this way, he·she ensures that the company's risk profile is respected during the deployment of its strategic plan;
• Cooperating closely with the Risk Management Function by contributing to the effective implementation of the risk management system and by coordinating the validation of the models used to calculate best estimates and economic capital requirements;
• Conducting specific missions that do not generate a conflict of interest with its main missions, being responsible for regulatory monitoring within its scope of responsibility, and playing the role of contact point and ambassador for the group within its scope;
• Monitoring, evaluating and supporting the staff reporting to you, providing feedback and assisting them in their development.

Profile

• Master's degree in Actuarial Science, Mathematics, Economics or equivalent experience,
• Minimum 8 years of relevant experience required,
• Ability to evolve in a changing environment and to take up the responsibilities of such position,
• Great communicating skills, both written and oral,
• Persistent, persuasive and have a sense of compromise,
• Very good synthesis and presentation skills,
• Fluency in French and Dutch and a good knowledge of English

Our client an insurance company is looking for a Quantitative Risk Officer to strengthen the Risk Modelling and Valuations Department.

The Quantitative Risk Officer will be responsible for:

• Developing and maintaining the stochastic valuation model for insurance liabilities, including:
  • Yearly updates of the model assumptions,
  • Further developing the model in line with regulatory requirements,
  • Preparing the model for usage under IFRS17.
• Conducting quantitative analyses of the company’s risk position, including:
  • Performing recurrent Solvency II calculations with analysis of the changes – including the mandatory regulatory reporting requirements,
  • Executing the quantitative elements of the yearly ORSA (stress tests, projections, …) – including taking up parts of the writing process of the report,
  • Profitability analysis of our portfolio (MCEV like),
  • Assessing the Asset and Liability Management,
  • Providing risk management advices to ad hoc questions.

Profile

• Master’s degree in Economics, Mathematics, Physics, Applied Sciences. An additional Master in Actuarial Sciences is a plus.
• Experience in Actuarial or Risk Management. Senior and junior experiences are welcomed.
• A previous experience with Solvency II is a plus.
• Knowledge of Prophet and/or SAS is an asset.
• Knowledge of processes and ability to make connections between factors
• Perseverance and eye for details.
• Good spoken and written communication.
• Ability to work in a team and autonomously.
• Fluency in English.

Our client, an insurance company is looking for a Risk Modeller to strengthen the Financial Department. He·she will be in charge of  the new model development, implementation projects and credit insurance modelling activities.

The Risk Modeller will be responsible for  :

• Calculating, analyzing reporting  the SCR
• Reviewing and maintaining  models and parameters
• Testing and reviewing the model yearly
• Validating the central model components for the assigned scope
• Defending opinion in front of stake holders and regulators regarding model validation
• Developing  new generation models using latest techniques e.g. Machine Learning
•  Integrating non-modelled entities into the Internal Model
•  Optimizing internal processes
• Implementing the new S&G model
• Ensuring methodological consistency on new LGD and EAD models
• Internal Model Parameters:
  • Methodological discussions on parameters calibration
  • Reviewing the calibration process and results before feeding the SCR calculation
• Interacting with colleagues and management in explaining SCR results
• Proposing continuous improvements to the tools' infrastructure and process optimization
• Developing and implementing necessary tools to support the model review, testing, analysis and reporting of SCR

Profile

• Master in Statistics, Quantitative Finance, Data Science or Mathematics; Actuarial background is a strong asset
• At least 5 years’ experience in P&C segment, development, review or audit of premium risk models
• Experience in leading complex and large scale model development projects is an asset
• Coding skills in SAS & VBA, Python and R  is a strong asset
• Strong understanding of S II framework, best practice model governance
• Project management skills and leadership
• Well organized and efficient
• Strong analytical mindset
• Detailed and result-oriented
• Ability to work on several tasks/projects at the same time
• Ability to explain complex topic in a simple way
• Team player and easy to communicate with
• Resistant to stress
• Fluent in English (spoken and written)

Our client, an insurance company is looking for a Risk Consolidation Actuary to strengthen the Actuarial Department. He·she will be in charge of  the coordination and supervision of the actions of diverse stakeholders in the process (Accounting, Asset Management, Actuarial, Financial Management, Risk).

The Risk Consolidation Actuary will be responsible for:

• Collecting information for quarterly and annual reporting, ensuring compliance with the principles and rules defined upstream.
• Carrying out a detailed analysis of the company Solvency results (Piler I and Pillar III of S2) through the consolidation of balance sheet and risk information.
• Participating in the production of the presentation of the results to the members, to the validation bodies based on analyses related to business contributions.
• Identifying potential anomalies in the analyses and if so, studying them to provide the necessary corrective solutions.
• Contributing to cross-functional transformation projects of the Actuarial function driven by Solvency II issues and reviewing the internal consistency of the information reported by the various contributors.

Profile

• Master’s degree in Actuarial Science or equivalent
• At least 3 years of experience in an Actuarial function or in Finance/Risk/Controlling Insurance, ideally related to the work SII/Value
• A good knowledge of insurance (savings, pensions and SII), financial/performance/data analysis.
• A good command of MS Office tools
• Analytical mind and synthesis skills
• Ability to adapt and a collaborative spirit
• Proactive and autonomous
• Fluent in French and intermediate level of English