Job title: Senior Performance P&C Actuary
Job type: Permanent
Emp type: Full-time
Industry: Insurance
Expertise: Actuarial Other Risk Management Skills
Location: Brussels, Belgium
Job published: 06/12/2022
Job ID: 32969

Job Description

Our client an insurance company is looking for a Senior Performance P&C Actuary to strengthen the Actuarial Department.

The Senior Performance P&C Actuary will be responsible for:

  • Participating in the understanding of the technical result and monitoring of the main KPIs, as well as supporting the development of forecasts and budget plans.
  • Ensuring the overall level of outstanding claims reserves (IFRS 17 & Solvency 2).
  • Supporting the implementation of IFRS 17 (in collaboration with the group) on all actuarial, reporting and modelling aspects for P&C with the following objectives:

o    Establishing, validating and controlling the technical results in accordance with IFRS 17;

o    Drawing up the notes to the accounts (Disclosures);

o    Drawing up the provisional accounts (Strategic Plan);

o    Analysing, commenting on and monitoring the evolution of results.

  • Estimating technical provisions ("Best Estimate Liabilities") and economic equity ("Available Financial Resources") under Solvency 2 (both in an "actuals" view and in a prospective view for strategic projections, stress tests, etc.).
  • Implementing remediation and testing plans of internal and external reviewers (e.g. actuarial function, audit, regulator).
  • Developing/monitoring worker compensation and disability cash flow projection models.
  • Contributing to the company's financial and regulatory reports (e.g., QRTs, ORSA, SFCR, annual report, etc.).
  • Presenting results to stakeholders.
  • Maintaining good relations with the group on key P&C matters.
  • Contributing to some reinsurance work.

 

Profile

  • Master’s degree in Mathematics, Statistics, Actuarial Science or any quantitative and analytical background.
  • A first experience in P&C reserving and a good knowledge of key financial performance indicators for P&C insurance products (combined ratio, loss ratio, reserving level, etc.).
  • Knowledge of SAS, R, VBA is a plus.
  • Good presentation and communication skills, ability to provide key messages to senior management.
  • Ability to quickly acquire in-depth knowledge of new tools and techniques.
  • Ability to ensure consistent quality and to help create confidence in the figures and explanations reported.
  • Efficiency, autonomy and pragmatism.
  • Good sense of analysis and initiative.
  • Fluency in French or Dutch, and a good command of English.