Actuarial Specialist - Reserving

We are looking for an Actuarial Expert in Risk Modeling with experience in process optimization/improvement experience

Overview:

You will be working as an Actuarial Expert. Your primary responsibility in this role is the development, maintenance and documentation of actuarial risk models in collaboration with colleagues within the ARM team and the wider Actuarial department, including strong interaction with other functions across the whole company. You ensure that work results are reviewed and guide the junior analysts in day-to-day work. You prepare presentations and discuss results of your work with local and global management as well as with Group functions or auditors. You work independently and self-contained and you are able to acquire autonomously the necessary information and methodology to fulfill your tasks.

Some of your specific responsibilities could include:

Promote close collaboration and interaction with the various business areas (Group, Underwriting, Market Management, other Finance departments, etc.) to foster mutual understanding how business developments impact actuarial drivers in the financials

Create and run risk models including documentation, explanation and communication of results

Be involved in various risk modeling, SII and IFRS17 related projects (e.g. model validation, TP model governance, IFRS17 implementation, Business steering, Capital Optimization, etc.)

Develop global actuarial approaches and processes as well as enhance actuarial models and analyses

Peer review work from other team members and mentor, provide guidance to junior team members

Manage and drive forward own area of responsibility or projects

What You’ll Bring to the Role

Excellent tertiary qualification (ideally Master), preferably in Mathematics, Statistics or other appropriate discipline or qualified by experience in related discipline Steps taken towards actuarial qualification (e.g. Actuarial exams passed) Strong professional experience in actuarial roles (Reserving, Risk, Pricing, etc.) Finance and Insurance know-how (ideally P&C) with regards to market dynamics, standard concepts and approaches: regulation, risk modeling, reinsurance and underwriting knowledge, reserving techniques, etc. Proven experience in developing and implementing stochastic models, analyses and processes Extensive computer skills (MS Office incl. VBA and relevant expert systems such as ResQ, Igloo, R, SQL or Python, etc.) A solid understanding of data analysis, automation, and AI tools is required, with an awareness of ethical AI usage. Ability to identify patterns and root causes in complex (e.g. ambiguous, from various sources) data and processes to rapidly distill key issues and provide insight in various situations. Excellent communication skills with an ability to understand, elaborate and convey information clearly and effectively in respect to the audience Good ability to persuade and motivate others without direct authority Fluent in English A basic understanding of artificial intelligence (AI) and its potential applications in business is essential.