Actuary - 2nd line

  • Posted: 03/05/2024
  • Salary: -
  • Location: Hasselt, Belgium
  • Job Type: Permanent/Fixed Term

Job Title: Actuary 2nd Line - Leading Insurance Firm


Join a dynamic team at a leading insurance firm that values your expertise and encourages professional growth. As an Actuary 2nd Line, you will play a crucial role in the independent internal control function, reporting directly to the Chief Risk Officer. Your responsibilities will involve challenging various departments within the organization, including the actuarial, financial, and risk management teams. If you possess a keen analytical mind, a passion for insurance and risk assessment, and a desire to work in a collaborative and innovative environment, we invite you to apply for this exciting opportunity.

Key Responsibilities:

  • Technical Reserves Assessment: Evaluate the adequacy of technical reserves, both under BGAAP and Solvency 2, as well as the models (assets and liabilities) and associated quantities.

  • Data Assessment and Validation: Assess data quality and calibrations, and conduct quarterly validation of results to ensure accuracy.

  • Policy Evaluation: Analyze and assess the acceptance policy, with a focus on profitability analysis, product pricing, and adjustments to existing products.

  • Profit Sharing and Reinsurance: Review and advise on profit sharing and rebate policies, as well as evaluate the adequacy of reinsurance arrangements.

  • Risk Management Implementation: Contribute to the implementation of the risk management system by modeling the underlying risks for SCRs, USP, and ORSA calculations.

  • Independent Analysis: Perform independent analysis on critical actuarial subjects of major importance, providing valuable advice and validation reports to relevant departments and management.

Experience Requirements:

  • Educational Background: Hold a diploma as an actuary or possess a master's degree in a science or mathematics-related field.

  • Insurance Experience: Have relevant experience in the field of insurance or Asset and Liability Management (ALM).

  • Bilingual Communication: Fluent communication skills in both Dutch and French, both written and spoken.

  • Analytical Mindset: Demonstrate a sharp critical and analytical mind, capable of translating complex figures and abstract analyses into actionable insights.

  • Team Player: Be dynamic, proactive, and collaborative, capable of working both independently and as part of a team.

Additional Skills (Preferred):

  • Proficiency in Excel, Word, and PowerPoint; specific computer skills such as R, Python, SAS, or others are a plus.

What You Can Expect From Us:

  • Career Growth: Opportunities for internal mobility and career advancement within the organization.

  • Continuous Learning: Access to a wide range of training courses to support your professional development.

  • Digital Transformation: Participate in shaping the future of the insurance industry through our digital transformation initiatives.

  • Work-Life Balance: Achieve a healthy work-life balance to invest in both your career and personal life.

  • Top Employer: Join a company recognized for its commitment to Welfare, Work Environment, Organization & Change, and Digitization.

  • Inclusive Culture: Be part of a warm and inclusive organizational culture that values diversity and individuality.

If you are a curious, analytical, and proactive individual with a passion for actuarial science and risk management, we encourage you to apply and become a valued member of our team at the leading insurance firm. Your contributions will help shape the future of the insurance world and drive our commitment to excellence.

Apply for this role