Our client, an insurance company is looking for an Underwriting EB Actuary to strengthen the EB Department. He·she will be in charge of driving the profitability of the business unit and managing insurance risks by enabling the underwriters to make informed decisions.  

The Underwriting EB Actuary will be responsible for:  

• Analysing data, producing actuarial studies on relevant topics, developing decision-making tools and dashboards,
• Interpreting the results obtained and providing alternatives after analysing their impact on the financial objectives of the company,
• Verifying that quotation requests are complete and conform to business standards and EB department operational rules, to calculate very complex quotations (with high financial impact),
• Developing a price offer based on the technical tools for requests that do not comply with the above standards, with the aim of having certain requests accepted and priced,
• Communicating quotation requests requiring a decision to an Underwriter to give the appropriate follow-up,
• Assuming actuarial calculations linked to a client request and elaborating technical reporting.

Profile

• Master’s degree in Mathematics or equivalent,
• Minimum one year of experience,
• Ability to maintain systems and tools used, ensuring they are actuarially correct,
• Ability to work on the basis of specific requests or under the guidance of experienced actuaries.

Our client, an insurance company is looking for a Non-Life Actuary Product & Pricing to strengthen the Finance Department. He·she will be in charge of the creation and pricing of products, and the analysis of portfolio profitability.

The Non-Life Actuary Product & Pricing will be responsible for:

• Non-life product pricing.
• Producing analyses related to the design of new non-life products.
• Applying various exploration models.
• Monitoring portfolio profitability.
• Communicating profitability results and strategic proposals.
• Working closely with the Head of Pricing & Analytics department as well as various departments within the company.

Profile

• University degree in quantitative sciences/PhD.
• 5 years of professional experience.
• Demonstrated expertise in non-life product pricing and P&C.
• Experience in the insurance field in Luxembourg is a plus.
• Good knowledge of tools for data analysis and modelling.
• Knowledge of Excel is mandatory. Proficiency in R and SAS is an asset.
• Excellent synthesis skills and strong interpersonal abilities.
• Critical thinking, proactivity, and persuasive argumentation skills.
• Rigorous, structured, and analytical work methodology.
• Ability to work autonomously while maintaining good teamwork skills.
• Fluent in French and English. German is an advantage.

Our client, an insurance company, is looking for an Actuary who will be responsible for determining the required premium for existing and new products, monitoring profitability, and calculating GAAP and IFRS reserves.

To do this, the Actuary will use statistical methods to analyze claims and portfolio developments and actuarial software to estimate future developments. The recruit will work as part of a dynamic and motivated actuarial team, but he/she will also work closely with other colleagues within the company.

More specifically, the Actuary will contribute to the following tasks :

• Determining the premium for new individual and group products.
• Making recommendations to adjust premiums for existing products.
• Monitoring the profitability of products and the portfolio.
• Calculating provisions on the basis of various technical parameters and explaining changes.
• Estimating the actuarial assumptions to be used for premiums, reserves and Solvency II.
• Automation of calculation and reporting processes.
• Ad hoc analyses on internal or external request (e.g. actuarial function, risk management, parent company, auditor, Assuralia...).
• Taking part in the IFRS 17 project.
• Presentation of results to colleagues, management and other stakeholders.

Profile

• Master’s degree in Actuarial Science, Mathematics or Economics
• Prior experience in a similar function, with knowledge of SII.
• Good knowledge of MS Office programs
• Knowledge of actuarial and/or statistical software such as Prophet, ResQ and/or R is a plus
• Team spirit and collaboration
• Analytical skills and ability to combine facts and figures
• Critical thinking mindset
• Proactivity, curiosity, and sense of innovation
• Pragmatism and efficiency
• Ability to translate technical actuarial issues to colleagues and management, both in writing and orally
• Very good knowledge of English (written and spoken) and professional knowledge of French and/or Dutch

Our client, an insurance company is looking for an Actuarial Function Officer to strengthen the Risk Management and Compliance Department. He·she will be in charge of supporting the organization and the execution of the independent assessments that are made in the decision-making processes of the company, as defined in Solvency II.

The Actuarial Function Officer will be responsible for:

• Verifying the adequacy and compliance of BGAAP provisions.
• Verifying the calculation of SII technical provisions with respect to the methods used, the assumptions and the quality of the data.
• Validating the models used to calculate SII technical provisions and capital requirements.
• Evaluating the rates, reserving, reinsurance and viability of new/modified products.
• Assessing the profitability of existing products and reinsurance and profit sharing schemes.
• Participating in the application and development of the global risk management system.
• Improving understanding of IFRS 17 figures.
• Monitoring regulatory developments relating to BGAAP, risk management, Solvency II and sustainable development.
• Carrying out ad hoc analyses and drawing conclusions.

Profile

• Master's degree in Actuarial Science, Mathematics, Economics or equivalent.
• Several years' experience in risk management and/or pricing.
• Knowledge of insurance software is an asset.
• Ability to work independently and as part of a team.
• Drawn to the variety of tasks, the field of insurance and the attention to detail.
• Good communication skills (oral and written) and able to present complex documents in a straightforward manner.
• Fluency in Dutch or French and a good knowledge of the second national language.

Notre client, une compagnie d’assurance, est à la recherche d’un·e Actuaire produit Prévoyance afin de renforcer l’équipe Actuariat Produit Central. Il·elle sera en charge de la conception et l’adaptation des produits.

Le·a futur·e Actuaire produit Prévoyance sera responsable des tâches suivantes :

• Vous participerez à des projets de création et d’adaptation de produits ou des projets règlementaires.
  • Représenter l’Actuariat dans le groupe projet, ateliers de travail, comités de projet et de pilotage
  • Mener des études de tarification et de rentabilité en vision multinormes
  • Rédiger les règles techniques d’évaluation des provisions et du système de gestion
  • Contribuer à la rédaction de tout document à destination des réseaux et clients et notamment de la documentation contractuelle
  • Participer à l’évolution des modèles de projection et aux études d’impacts
• Vous assurerez l’assistance technique sur les produits en répondant aux demandes d’expertise faites par les autres directions : demandes des clients ou résolution d’anomalies sur les contrats des clients.
• Vous proposez et mettez en œuvre les études d’analyse des bases techniques dans le cadre de la maitrise des risques et le développement de l’utilisation de technique de data science.
• Dans le cadre des politiques de souscription, vous participez à la création et/ou à l’adaptation des normes de souscription, tarification et provisionnement.

Profile

• De formation Bac+5 (école d'ingénieur, actuaire ou mastère spécialisé)
• Vous possédez 3 à 5 ans d’expérience.
• Vous justifiez d'une première expérience dans une compagnie d'assurance ou cabinet de conseil sur es études techniques et actuarielles en assurance de personnes sur les risques Prévoyance ou Emprunteur.
• Expertise actuarielle sur les domaines de la prévoyance:
  • Des techniques actuarielles de tarification et de provisionnement.
  • De la gestion des risques de souscription et de la modélisation actuarielle.
  • De la réglementation et des normes : code des assurances, Solvabilité 2, IFRS17
• Maitrise d’Excel, SAS, VBA et connaissances de Prophet ou un équivalent.
• Rigoureux·se, esprit curieux et créatif·ve, doté·e d'un bon sens relationnel, vous aimez travailler en équipe en mode projet ou transverse.
• Capacité à proposer des solutions variées et innovantes pour répondre aux attentes à la fois des clients, des distributeurs, des BUs et de l'assureur
• Capacité à appréhender des sujets complexes et de les restituer avec conviction
• Capacité à travailler en transverse ou en mode projet dans un univers multi-sites (Paris/Dublin) et multi Bus.

Our client, an insurance company is looking for an IFRS17 Life Actuary to strengthen the Finance Department. He·she will be in charge of calculating the IFRS17 figures, the new accounting standard for insurance contracts.

The IFRS17 Life Actuary will be responsible for:

• Acquiring a good understanding of the IFRS17 accounting standards to analyze and comprehend the Balance Sheet and Income Statement of a life insurance company.
• Producing IFRS17 accounts as part of the closing exercises and forecast exercises (strategic plan) of the group.
• Analyzing, commenting on, and tracking the evolution of the IFRS17 results presented to management.
• Validating the results of projection tools in close collaboration with the teams responsible for the model to ensure mastery of the IFRS17 indicators.
• Participating in the improvement and documentation of reporting tools.

Profile

• Master's degree in engineering sciences, mathematics, statistics, actuarial science, business engineering, economics, etc.)
• You are an Actuary – or equivalent through experience.
• You have a minimum of 3 years' experience in life insurance or financial reporting.
• Knowledge of IFRS17 Life and BEGAAP is a strong asset.
• Experience in R/VBA or an actuarial projection tool (Prophet, Moses, etc.) is a plus.
• You enjoy delivering results in an efficient, autonomous, and pragmatic manner; while respecting set deadlines.
• You have a strong sense of analysis and initiative.
• You speak Dutch or French fluently with a good knowledge of English.

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.

Our client, an insurance company is looking for a Senior Life Risk Actuary to strengthen the Financial & Insurance Risk Management team. He·she will be in charge of challenging the pricing, the modelling of liability cashflows and customer behaviour as well as other assumptions.

The Senior Life Risk Actuary will be responsible for:

• Supporting and challenging the analysis of the profitability and risk of the insurance portfolio throughout any product development and management cycle, including reviewing and testing pricing tools, cash-flow modelling tools, and challenging best-estimate assumptions used.
• Acting as the second line of defense and proactively collaborating with the first line of defense on various insurance product matters such as launching new products and reviewing existing products.
• Providing clear and impactful insights into the results obtained from pricing, models, and assumptions reviews, including accurately documenting insurance product reviews.
• Proactively collaborating with the Actuarial Function Holder, who also serves as the second line of defense.
• Actively participating in technical committees concerning the launch and review of insurance products.

Profile

• Master’s degree in a quantitative subject (e.g. actuarial, mathematics, physics, engineering sciences, economics).
• Minimum five years of relevant work experience in risk management.
• Solid knowledge and understanding of the various types of life insurance products, actuarial modelling software and the Belgian life insurance market.
• Knowledge of R³S (AFM) is considered a bonus.
• Knowledge of Solvency II and IFRS17 is an asset.
• Data analysis capabilities are a plus (Python / R).
• Analytical, always eager to learn and able to work in an accurate and precise way as well as in an autonomous way.
• The candidate is not afraid of asking questions.
• Excellent command of English, and knowledge of Dutch and/or French. 

Our client, an insurance company is looking for an ALM Manager to strengthen the investment team. He·she will have a broad range of tasks and will provide support for investment decisions, market pricing of financial instruments and investment reporting.

The ALM Manager will be responsible for:

• Supporting the revision of the strategic asset allocation.
• Performing ALM studies to guide investment decisions and manage liquidities.
• Deploying and maintaining pricing tools used for regular pricing of unquoted assets.
• Supporting the quarterly-end and year-end financial closing.
• Assisting in the financial integration of newly acquired portfolios.
• Assisting in the preparation of financial reports (BEGAAP, MGAAP, NBB, and Solvency II).
• Assisting in the annual forecast and budget process.
• Supporting process improvement initiatives.
• Occasionally traveling to other offices (UK, Dublin, etc.).

Profile

• Master’s degree in actuarial sciences, Financial Engineering, Applied Mathematics Business Administration, Finance, Economics or equivalent;
• Minimum 5 years of relevant experience, preferably acquired in an investment or ALM department within the insurance or financial sector;
• Strong knowledge of Solvency II, MS Office including solid Excel skills;
• Knowledge of accounting software systems is a strong asset;
• Autonomous, eager to learn, flexible, well organised, proactive, rigorous, hands on and stress resistant;
• Good communication skills and great numeric and analytical skills;
• Very good professional knowledge of English and French. Knowledge of Dutch is an asset.

Notre client, une compagnie d’assurance, est à la recherche d’un·e Actuaire Non-Vie afin de renforcer la Direction Actuariat Statistiques IARD. Il·elle sera en charge des différents projets actuariels Non-Vie de la compagnie.

Le·la futur·e Actuaire Non-Vie sera responsable des tâches suivantes :

• Participer aux travaux quantitatifs S2.
• Estimer les provisions techniques lors des arrêtés comptables.
• Identifier et formaliser le besoin, étudier sa faisabilité et proposer des solutions.
• Vous serez occasionnellement amenés à réaliser des travaux R&D pour le modèle interne groupe.
• Vous participerez également à l'intégration des nouvelles lignes activités (transport, caution, cyber).
• Participer aux orientations tarifaires.
• Elaborer un suivi et une surveillance du portefeuille.

Profile

• De formation Bac+5 (école d'ingénieur, actuaire ou mastère spécialisé)
• Vous justifiez d'une expérience de 4 à 10 ans en actuariat non-vie.
• Excellente maîtrise des outils office (Excel, Word, PowerPoint).
• Des connaissances en techniques actuarielles sont indispensables et vous maitrisez parfaitement SAS et VBA.
• La connaissance de la Modélisation S2 en assurance IARD est souhaitable.
• Vous êtes rigoureux·se et organisé·e.
• Votre capacité d'analyse et de synthèse et une bonne aptitude rédactionnelle sont des atouts essentiels pour mener à bien votre mission.
• Esprit d'équipe, réactivité et autonomie.