Our client, a consulting company, is looking for an Actuarial Consultant. He·she will be in charge of various Life & Health and/or ALM projects.

The future Actuarial Consultant will be responsible for:

• ALM
  • Modelling:  development and review of ALM models (Moses/Prophet), review of strategic asset allocation
  • Risk management: ORSA, stress test and risk appetite
  • IFRS 17: carrying out impact studies on regulatory choices, calibration of risk adjustment.
• Life & Health
  • Technical monitoring: calculating multi-standard provisions, monitoring portfolio profitability, drafting profit and loss accounts.

Profile

• Master's degree in Actuarial Science or equivalent
• At least 3 years of experience in ALM or Life & Health
• Sound knowledge of actuarial techniques
• Very good knowledge of Solvency 2 and IFRS 17
• Interest in modelling
• Dynamic attitude
• Team spirit
• Entrepreneurial spirit
• Fluency in French

Our client an insurance company is looking for an Actuarial Manager to strengthen the Technical Direction. He·she is in charge of three teams: Data & Analytics, Pricing and Reserving & Profitability.

The future Actuarial Manager will be responsible for:

• Standardizing and harmonizing practices, methodologies and tools,
• Optimizing the planning and organization of business review activities with end customers and with the various businesses,
• Maintaining compliance with governance, in advance of underwriting committees,
• Securing the existing portfolio by ensuring that deadlines are met and the quality of files is maintained,
• Maintaining the quality and excellence of underwriting of new business and ensuring renewals,
• Strengthening the level of maturity on the car segment, by strengthening data processing and reporting, and accelerating the structuring of the travel segment,
• Setting up and coordinating the portfolio profitability monitoring committee.

Profile

• Master's degree in Actuarial Science,
• 10 to 15 years' experience as an actuary, including significant experience in Non-Life insurance,
• Experience in pricing, profitability monitoring and excellent knowledge of reserving techniques,
• Knowledge of assistance products is an asset,
• Good knowledge of R and programming and modelling skills,
• Previous management experience,
• Analytical and pragmatic thinking,
• Ability to support change and promote technical excellence,
• Ability to handle stressful situations,
• Business oriented and persuasive,
• Excellent relational and communication skills,
• Fluency in French and English.

Our client, an insurance company is looking for a Life Risk Manager to strengthen the Risk Department. He·she will be in charge of analyzing risks related to underwriting, reserving and reinsurance.

The Life Risk Manager will be responsible for:

• Managing a team,
• Carrying out studies:

• Monitoring production of elements for all actuarial reports and ORSA for French subsidiaries and at group level,
• Monitoring underwriting risk reviews when launching new products and portfolio reviews
• Monitoring reviews during developments in the Solvency 2 and IFRS 17 reserving models,
• Monitoring reinsurance arrangements and their effectiveness, in particular for the group's internal treaties,
• Contributing to the monitoring of risks related to interactions between assets and liabilities and in particular those related to unit-linked products,
• Defining, carrying out or supervising any study with a view to improving the company's risk coverage, particularly with regard to emerging risks,
• Controlling risk deliverables for Top Management, the Board of Directors or the supervisory authorities,  
• Representing the Department in various committees,
• Consolidating the investment risk review.

• Projects:

• Supporting the business units in their projects requiring a risk opinion,
• Participating in projects concerning the department's activity,
• Defining changes to risk management guidelines and managing their deployment.

• Operational monitoring and support.

Profile

• Master’s degree in Actuarial Science,
• At least 10 years of professional experience in risk management in the insurance industry,
• Sound knowledge of pension insurance products and Solvency 2 and IFRS 17 regulations,
• Good knowledge of financial instruments,
• Ability to analyze and synthesize,
• At ease in developing a global and strategic vision of subjects, as well as a concrete and operational approach,
• Risk and result oriented,
• Capacity to take initiative and strength of proposal on risk analysis
• Relational and managerial skills,
• Fluency in French and good spoken and written English.

Our client, an insurance company is looking for a Life Business Actuary to strengthen the Pricing Department. He·she will be in charge of  product development within the self-employed segment.

The Life Business Actuary will be responsible for:

•  Determining the pricing and monitoring the profitability (including reinsurance) in collaboration with the domain teams;
• Regularly reporting to management on profitability and movements within the portfolio;
• Testing and verifying actuarial calculations when migrating to other management platforms;
• Establishing and refining the portfolio's business plan;
• Participating in strategic projects (IFRS17, product development...);
• Participating in the continuous improvement of actuarial product development;
• Optimizing your area of responsibility;
• Extending, analyzing and validating the Prophet models;
• Monitoring and implementing recommendations made by the actuarial function, audit and reviewers;
• Providing actuarial services to clients (simulations, profit-sharing, assistance with extensions and more complex cases).

Profile

• Master’s degree in Actuarial Science or equivalent;
• A few years' experience in product management or pricing of the second pillar products for the self-employed is an asset;
• Ability to effectively summarize actuarial analyses for management;
• Strong communication skills, both written and oral;
• Ability to work independently and deliver results on time;
• Excellent analytical skills;
• Rigorous, pragmatic and efficient;
• Enjoy working in a team;
• Fluency in French and Dutch.

Our client, an insurance company is looking for a Senior Health Actuary to strengthen the Operational Department. He·she will be in charge of  carrying out the actuarial analyses, studies and reports required for reporting to the supervisory authorities and advising management on how to achieve the organisation's objectives.

The Senior Health Actuary will be responsible for:

• Product design and development:

• Performing actuarial and financial calculations, simulations and formulating proposals for insurance products and risk reports
• Contributing to the design and development of insurance products through the appropriate evaluation of proposed coverages
• Establishing or validating the pricing scheme and the amount of premiums for the launch of a new product or the modification of an existing product, while respecting its profitability and taking into account commercial imperatives
• Defining the reserving and, where appropriate, the reinsurance
• Producing the actuarial analysis for the Actuarial Function
• Determining annually the maximum premium indexation rate (CPI and/or medical index)
• Recommending the indexation rate to be applied on the basis of an assessment of the product's profitability

• Technical provisions (BE GAAP and Solvency II):

• Monitoring and implementing the rules regarding the calculation of technical provisions
• Determining technical provisions taking into account applicable regulations (BE GAAP and SII) as well as relevant information from the financial markets and generally available data on underwriting risks
• Ensuring the appropriateness of the underlying models
• Assessing the sufficiency and quality of the data used in the calculations
• Comparing the best estimates with empirical observations

• Documenting the methodology, underlying models and assumptions used
• Conducting analysis of changes (AOC)

• Results analysis and reporting:

• Monitoring the profitability of products in order to assist management in taking appropriate action in the event of significant observed or anticipated deviations
• Collecting, verifying and updating raw data and statistics to provide management with information for decision making
• Developing, validating and updating a projection model for the profit and loss account by product (premiums, benefits, technical provisions, expenses, financial revenues)
• Producing at least once a year a report on the profitability of active products (ad hoc for products in run-off)
• Suggesting to management measures (increase in premiums or limitation of benefits) in the event of unfavourable deviations, likely to restore a balance in the short or medium term

• Monitoring applicable regulatory developments (content and timing) and complying with them
• Establishing national quantitative and Solvency II reporting in accordance with applicable actuarial and regulatory rules
• Contributing to qualitative reporting (pillar II Solvency II)

Profile

• Master’s degree in Actuarial Science, Physics, Mathematics, or Engineering or equivalent,
• At least 5 years of experience in the insurance industry,
• Good knowledge of the non-life insurance market,
• Knowledge of business or special risks is an added value
• Knowledge of Office tools (Excel, Word, PowerPoint...) and SAS
• Critical, analytical and structured mind and curiosity
• Team player and ability to work independently
• Willingness to share your own knowledge, your results and give advice on them
• Ability to give and receive feedback
• Bilingual or good knowledge of the other national language.

Our client, an insurance company is looking for an ALM Risk Actuary to strengthen the Risk Department. He·she will be in charge of  the analysis of files related to model, ALM and financial risk.

The ALM Risk Actuary will be responsible for  :

• Leading the governance if model risks by applying the group standard;
• Using financial and ALM models for validation and reviewing their evolution;
• Reviewing risk indicator methodologies for the financial and ALM risk perimeter in conjunction with other departments ;
• Evaluating risk indicator models and methodologies, including :

o Providing advice on model evaluations;

o Conducting reviews of models in production and performance measurement plans;

o Monitoring of areas of discomfort, concerns and reservations in conjunction with the departments responsible for their implementation;

• Carrying out ad hoc studies on compliance with standards and the adequacy of forward-looking assessments with regard to the risk profile, as well as on the assessment of internal risk measures in relation to the dimensions of the appetence framework and the ORSA procedures;
• Supporting and reviewing of risk model systems at entities, including internationally;
• Maintaining and improving the group model risk repository.

Profile

• Master's degree in Financial Engineering, Actuarial Science or Financial Mathematics
• 6 to 10 years’ experience in the field of financial asset modelling, asset liability management, actuarial science or financial management in insurance or banking
• Experience in programming with R, Python or C#.
• Knowledge of economic scenario simulation tools (Moody's) or insurance projection tools (Prophet) is a plus. Knowledge of office automation
• Ability to explain complex subjects in simple terms
• Rigorous and organised
• Intellectual curiosity and critical thinking
• Ability to work in a team and across departments

Our client an insurance company, is looking for an ALM Actuary to strengthen the Finance Direction. He·she will be in charge of controlling and optimizing medium and long-term financial balance of the company via hedging strategies and asset allocation.

The ALM Actuary will be responsible for:

• Defining asset allocation on main Life parameters of the company,
• Analyzing and setting up hedging strategies for major risks (Equity, Interest rate, etc.) using derived tools,
• Optimizing ALM management rules in a multi-standard environment (French Gaap, IFRS 9/17, Solvency 2),
• Monitoring ALM risk, related indicators and investment policy.

Profile

• Master’s degree in Actuarial Science, Mathematics or Statistics,
• Between 6 and 10 years of ALM and asset allocation experience,
• Sound knowledge of ALM and financial assets of an insurance company,
• Previous modeling experience and knowledge of Prophet. Mastery of the Office Suite.
• Proactivity and agility,
• Good knowledge of French.

Our client an insurance company, is looking for a Senior Life & Health Actuary to strengthen the Financial Actuarial Department. He·she will be in charge of IFRS 17 and Solvency 2 calculations and analyses for individual life insurance products and loan insurance products.

The Senior Life & Health Actuary will be responsible for:

• Implementing IFRS 17:
  • Producing  internal interpretations;
  • Defining process;
  • Developing and monitoring internal tools;
  • Collecting data, carrying out calculations, inherent controls and analyzing results;
• Solvency 2 tasks:
  • Carrying out and analyzing Best Estimate and SCR calculations;
  • Performing sensitivity tests;
• Presenting and explaining the calculation methods to results on the different standards to different stakeholders.

Profile

• Master’s degree in Actuarial Science, Finance or Mathematics;
• At least 5 years’ experience in the actuarial field, related to Solvency 2 or IFRS 17 or loan insurance products or individual life insurance products, except health;
• Mastery of Excel/VBA. Knowledge of Python is an asset;
• Ability to adapt and collaborate;
• Analytic mind and rigor;
• Proactivity;
• Ability to popularize complex subjects;
• Command of French and enough knowledge of English to understand regulatory texts.

Our client an insurance company, is looking for a Life Risk Actuary to strengthen the Risk Department. He·she will be in charge of participating in control and risk management activities.

The future Life Risk Actuary will be responsible for:

• Contributing to the development of the risk management framework and understanding the overall risks of the group and the pension activity;
• Implementing the risk appetite framework: methods, operational implementation (risk limits) and monitoring;
• Conducting risk assessment and sensitivity studies;
• Setting up and monitoring indicators for financial and technical risk management;
• Participating in ORSA exercises: first and third assessments (method, evaluations, etc.), stress tests, reporting;
• Ensuring that technical (investment, market, liquidity, default, etc.) and "operational" (data quality, EUC, outsourcing) risk policies are kept up to date;
• Managing the data quality system in collaboration with the technical and financial teams;
• Leading and participating in the drafting of the RSR and SFCR narratives;
• Participating in model control in collaboration with the committee;
• Carrying out technical and regulatory monitoring.

Profile

• Master’s degree in Actuarial Science or Finance;
• Successful experience of 1 to 3 years or more in the insurance sector, in a risk management department or similar;
• Command of Solvency 2 regulatory texts and associated technical concepts;
• Ability to understand an actuarial modelling tool;
• Proven knowledge of risk modelling;
• Advanced knowledge of Excel / VBA;
• Dynamic attitude and strong capacity for initiative;
• Ability to work in a team and independently;
• Curiosity and good writing skills;
• Methodical and strong conceptualisation skills;
• Good command of French.  

Our client, an insurance company is looking for a Risk Modelling & Analytics Manager to strengthen the Risk Department. He·she will be in charge of  identifying, assessing and controlling risks, formulating innovative risk management proposals and convincing the various parties involved.

The Risk Modelling & Analytics Manager will be responsible for:

• Developing and maintaining the company’s actuarial and risk management models;
• Coordinating stress test studies both internally and the ones requested by the regulator;
• Monitoring and analysing key indicators of risk management such as Solvency II ratio, duration gap, liquidity ratio, Earnings At Risk, etc.;
• Reviewing asset allocation strategy to cover insurance products and in line with the risk appetite limits of the company;
• Coordinating the production and submission of strategic issues such as the ORSA reporting and related quantitative exercises (Stress testing the financial plan, assessing the company's most important risks, etc.);
• Monitoring and providing methodological support to finance teams in the context of the new IFRS 17 regulation;
• Participating in various committees to provide an analysis of the company's vulnerability to certain exposures or strategic decision-making.

Profile

• Master’s degree or PhD in Actuarial Science, Economics, Mathematics, Physics or Engineering;
• At least 5 years of experience in the actuarial/risk management field in the insurance and financial markets;
• Excellent knowledge of financial instruments (bonds of various kinds, shares, real estate, investment funds, mortgages, private equity, etc.);
• A sound knowledge of Solvency II and a willingness to learn about the continuous evolution of regulatory aspects (IFRS, ESG, Insurance Law, etc.);
• Ability to develop a holistic and independent approach to risk management to proactively support and guide the business lines within a framework of good governance, management and risk appetite;
• Knowledge of MS Office, VBA, etc.;
• Management skills and team spirit;
• Critical thinking, stress resistant and result-oriented;
• Good oral and written communication skills; ability to communicate simply and synthetically on complex subjects to management and business;
• Fluency (written and spoken) in a national language (Dutch or French) and knowledge of English.