Actuaire

Product design and development:

• Performing actuarial and financial calculations, simulations and formulating proposals for insurance products and risk reports
• Contributing to the design and development of insurance products through the appropriate evaluation of proposed coverages
• Establishing or validating the pricing scheme and the amount of premiums for the launch of a new product or the modification of an existing product, while respecting its profitability and taking into account commercial imperatives
• Defining the reserving and, where appropriate, the reinsurance
• Producing the actuarial analysis for the Actuarial Function
• Determining annually the maximum premium indexation rate (CPI and/or medical index)
• Recommending the indexation rate to be applied on the basis of an assessment of the product's profitability

Technical provisions (BE GAAP and Solvency II):

• Monitoring and implementing the rules regarding the calculation of technical provisions
• Determining technical provisions taking into account applicable regulations (BE GAAP and SII) as well as relevant information from the financial markets and generally available data on underwriting risks
• Ensuring the appropriateness of the underlying models
• Assessing the sufficiency and quality of the data used in the calculations
• Comparing the best estimates with empirical observations
• Documenting the methodology, underlying models and assumptions used
• Conducting analysis of changes (AOC)

Results analysis and reporting:

• Monitoring the profitability of products in order to assist management in taking appropriate action in the event of significant observed or anticipated deviations
• Collecting, verifying and updating raw data and statistics to provide management with information for decision making
• Developing, validating and updating a projection model for the profit and loss account by product (premiums, benefits, technical provisions, expenses, financial revenues)
• Producing at least once a year a report on the profitability of active products (ad hoc for products in run-off)
• Suggesting to management measures (increase in premiums or limitation of benefits) in the event of unfavourable deviations, likely to restore a balance in the short or medium term
• Monitoring applicable regulatory developments (content and timing) and complying with them
• Establishing national quantitative and Solvency II reporting in accordance with applicable actuarial and regulatory rules
• Contributing to the preparation and documentation of the Own Risk and Solvency Assessment (ORSA), ensuring assessment of the company’s risk profile and capital adequacy
• Contributing to qualitative reporting (pillar II Solvency II)

 

Profil

• Master’s degree in Actuarial Science, Physics, Mathematics, or Engineering or equivalent,
• At least 5 years of experience in the insurance industry,
• Good knowledge of the non-life insurance market,
• Knowledge of business or special risks is an added value
• Knowledge of Office tools (Excel, Word, PowerPoint...) and SAS
• Critical, analytical and structured mind and curiosity
• Team player and ability to work independently
• Willingness to share your own knowledge, your results and give advice on them
• Ability to give and receive feedback
• Bilingual or good knowledge of the other national language.