Actuarial Function Officer
Posted on :
23-12-2023
Employer Active
1 Vacancy
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Job Description
Req ID : 2417723
We are looking for a dynamic Actuary Function Officer for the leading insurance company in Belgium to join the Actuarial Function Department under the responsibility of the Chief Actuary. This department is part of the CRO Office and exercises the regulatory required and independent Actuarial Function.
As an Actuarial Function Officer you are part of the team responsible for the followup of all BAU and projects related to the Group Life portfolio.
You are part of the Actuarial Function team and contribute to the quarterly annual or adhoc reports for the Management Committee or the Board of Directors about:
- technical provisions (BEGAAP IFRS and Solvency II) profitability and profit sharing
- Solvency II Capital Requirement
- reinsurance
- new or changed products
- models assumptions and data
- profitability analyzes and other actuarialfinancial and quantitative analyzes that lead to gaining insight into the figures and subsequently advising good policy choices
- following up on the recommendations made in these reports
You work proactively with all members of the Actuarial Function and with the entire Risk community in all insurance domains (individual life insurance group insurance nonlife insurance healthcare and disability insurance). The focus of this position will mainly be on the Group Life portfolio.
You support the process of certification by the Actuarial Function in the context of the sector group insurance plans and carry out the necessary checks for this.
You actively contribute to monitoring the existing governance and controls surrounding the existing processes and propose optimizations based on that experience. This means you ensure that the engine is adjusted efficiently.
You also support planning regarding larger files or projects.
You support the Actuarial Function Managers and the Chief Actuary in the further implementation of the requirements of BEGAAP Solvency II and IFRS17 for example:
- coordination of the calculation of the Solvency II technical provisions
- evaluation of the suitability of the models and assumptions used
- evaluation of the quality of the data used for the calculations
You familiarize yourself with the use and principles of existing techniques and models and you are curious about developments in the field of modeling risk management and analysis.
Requirements
- You are an actuary or have a mathematicaleconomic education with 5 years of experience preferably in the field of group insurance or actuarial function in general. You are also motivated to learn quickly.
- You communicate smoothly clearly and structured both orally and in writing.
- You have an analytical mind and can translate abstract figures and analyses into concrete insights.
- An excellent knowledge of English (speaking and writing) is necessary. You also have a good knowledge of Dutch or French.
- You work well with computers and have at least a good knowledge of Excel Word and PowerPoint. Affinity with programming is a plus
Employment Type
Full Time
Key Skills
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