Job Description

Our client, an insurance company is looking for a Non-Life Risk Actuary to strengthen the Risk Management team. He·she will be in charge of  performing pricing review, reserving, product approval process, calibrate the internal model and also optimize the reinsurance structure.

The Non-Life Risk Actuary will be responsible for:

• Developing a second opinion on business decisions made by the Pricing or Product Management departments (new product, change in general conditions, pricing review, etc.) and following up on these initiatives to ensure that expectations are met.
• Performing analyses on the evolution of reserve adequacy using specific tools (R, VBA, IBNRS) to assure the company management that the company is capable of meeting its contractual obligations. You will present your results and conclusions to various stakeholders such as Finance, Product Management, Risk Management, ALM, etc.
• Monitoring the qualitative and quantitative evolution of non-life underwriting.
• Executing P&C risk calibration (reserves, premiums, catastrophes, etc.) in the context of calculating the required solvency capital, recognizing that the company is one of the few insurance companies worldwide with a 100% internal model.
• Maintaining and developing the internal model through IT infrastructure and developed algorithms for calculating solvency capital under Solvency II, utilizing the stochastic simulation tool ReMetrica.
• Calculating, analyzing, and communicating results generated by these different models for branches as diverse and complex as auto, home, accident & disability.
• Supporting the reinsurance department on specific questions regarding treaty renewals and optimization while respecting the company's risk appetite.
• Also monitoring developments in the insurance sector and assessing potential impacts on the company's financial health.
• Participating in workshops organized among various Risk teams within the Group entities on key topics such as natural catastrophe modeling, cyber risk, inflation, and many others.

Profile

• Master's degree in engineering sciences, mathematics, statistics, actuarial science, business engineering, economics, etc.);
• You have a good understanding or a willingness to learn about the goals and mechanics related to Solvency II, key performance indicators for non-life insurance products (combined ratio, loss ratio, reserve level, etc.), and reinsurance principles;
• You have initial experience in P&C risk modeling and/or are comfortable with modeling concepts;
• You are capable of quickly acquiring in-depth knowledge of new tools, different programming languages, and techniques (Proficiency in Excel, R or Python, Remetrica would be a plus);
• You are rigorous in your approach to your profession and strive to demonstrate consistent quality of work;
• You exhibit critical thinking and value teamwork;
• You are curious and possess excellent communication skills, both verbally and in writing.
• You are fluent in French or Dutch and have a good command of English.