Job title: Head of Risk Management and Actuarial Function
Job type: Permanent
Emp type: Full-time
Industry: Insurance
Expertise: Actuarial Risk Management
Skills: Non-Life Risk Management Actuarial Function Solvency II
Location: Flanders, Belgium
Job published: 28/10/2020
Job ID: 32714

Job Description

Our client, an insurance company, is looking for a Head of Risk Management and Actuarial Function, who will be in charge of two main missions, each of them including a variety of tasks.

More specifically, the future Head of Risk Management and Actuarial Function will be responsible for :

Ensuring that the risk management function and the risk management system are set up and will:

  • Assist the board of directors, the management committee and the other functions to ensure the effective functioning of the risk management system;
  • Monitor the risk management system;
  • Monitor the overall risk profile of the company as a whole;
  • Report in detail on risk exposures and advise the board of directors and the management committee on risk management issues, including strategic matters such as business strategy, mergers and acquisitions and major projects and investments. In this context, the risk management function shall inform the board of directors and the management committee of risks identified as potentially material and provide information on other specific risk areas, either at their own initiative or at the request of the board of directors and the management committee;
  • Identify and assess emerging risks.

Executing the Actuarial Function, which includes have responsibilities on the following topics :

  • Reserving and technical provisions;
  • Underwriting and pricing policies;
  • Reinsurance;
  • The implementation of the risk management system;
  • Profit-sharing and refund policy;
  • Transitional measures referred to in Articles 668 and 669 of the Solvency II Act;
  • Reporting to the management committee, board of directors or Audit & Risk committee.

The Head of Risk Management Function & Actuarial Function will make sure all Solvency II regulatory reportings are made accurately and in time to the NBB. Since the Solvency calculations are done at a group level, the candidate must understand, participate in and challenge the calculations made by the group. …



  • Master's degree in actuarial sciences, or in a mathematical - economics field;
  • At least 5 years of experience in risk management in a financial institution, preferably in non-life insurance;
  • Good knowledge of Solvency II;
  • Strong organisational skills and ability to meet deadlines;
  • Good communication and presentation skills, and ability to adapt to different stakeholders;
  • Team spirit;
  • Fluency in Dutch and English;
  • Knowledge of French is an asset.
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