Senior actuary
Luxembourg (City)
Permanent
Executive search
Are you an experienced actuary looking to take your career to the next level? Our client, a renowned (re)insurance company is seeking a talented Senior Actuary to join their team. In this role, you will have the opportunity to review actuarial assumptions and models, provide support to the underwriting team, and assist in the calculation processes of Solvency II and ORSA. If you have a master's degree in actuarial science, at least 5 years of proven experience, and proficiency in Solvency II, then this is the perfect opportunity for you to showcase your skills and make an impact. Apply now and be part of a dynamic team that values innovation and professional growth. Competitive salary and benefits package included.
Description
- Review actuarial assumptions and models, including loss developments and future premiums, and make change proposals
- Document methodology and assumption changes and log reserving committee decisions
- Regularly review key S II and IFRS 17 assumptions
- Assist in defining, structuring, and sourcing actuarial data for Solvency II and IFRS 17 processes
- Monitor portfolio performance, including ultimate loss ratios per account and by underwriting years
- Assess volatility of underwritten business and suggest risk mitigations if necessary
- Ensure comprehensive implementation of (re)insurance arrangements in internal accounting systems
- Provide support to the underwriting team in product development and pricing reviews
- Assist in the Solvency II and ORSA calculation processes
- Recommend reinsurance arrangements or other risk mitigation techniques to optimize retained insurance risks, required capital, and IFRS 17 results
Your profile
• Master’s degree in actuarial science, Mathematics, or a related field• Proven experience: minimum 5 years
• Solvency II literate
• Data structure and quality focused
• Proficiency in written and verbal English
• A Team player who is also capable of working independently and thinking ahead
• The ability to multi-task and prioritize with great initiative and "can-do" attitude
• Analytical skills, fast learner, problem-solver
• Ability to communicate clearly with external service providers and colleagues
• Excel proficiency required
• One or more high-level programming language(s) (e.g. VBA, Python) appreciated
• Power Query (M), DAX, R, Pandas, SQL, and/or other languages are strong assets
• Experience in a non-life (re)insurance company
• Good knowledge in German and/or French
