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Experienced Life Actuary - Financial Services

Location:  Diegem
Other locations:  Anywhere in Country
Salary: Competitive
Date:  10 Jun 2024

Job description

Requisition ID:  1444408

EY is the only major professional services firm with a dedicated financial services practice (EY FSO) integrated in the EMEIA region. An international team of over 16.000 professionals is working across borders for our clients in the financial sector: Banking, Insurance, Payment Institutions and Wealth & Asset Management, in all service lines: Consulting, Tax, Transactions and Assurance. As we consider our people as the heart of EY, we hire and develop the most passionate people in their field to build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. So that, whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.

The Opportunity

Our market-leading Actuarial Team is looking for experienced actuaries (senior consultant or manager level) with life insurance experience to address the growing demand of insurance companies. 
Join our team and you will provide clients with traditional actuarial services (e.g., reserving, pricing and mergers and acquisition support), as well as cutting-edge services by leveraging on advanced statistical modeling techniques and technologies such as predictive analytics and machine learning.
Key Responsibilities

Support insurance companies in a wide range of topics such as:
•    Designing future-proof life insurance products, including the development of pricing strategies and methodologies
•    Performing valuation of life insurance liabilities, using a wide range of actuarial software (e.g. Prophet, Moses/RAFM, etc.)
•    Supporting risk management teams in conducting comprehensive risk assessments, and advising on risk matters such as risk-appetite, ORSA, or climate risk stress-testing
•    Assisting insurance companies in further optimizing their IFRS17 processes and enhancing their reporting to provide valuable insights to investors and stakeholders
•    Performing detailed ALM studies and generating comprehensive reports on market and liquidity risk 
•    Developing and optimising capital models in terms of process, methodology and tooling (Solvency II)
•    Supporting the fulfilment of the role of the actuarial function for (life) insurance companies 
•    Providing support to our Transactions team on actuarial aspects during due-diligences on life portfolio’s
•    Developing interactive dashboards for benchmarking or reporting purposes (using tools like PowerBI)


Skills and Attributes for Success

•    A master degree in actuarial sciences
•    Minimum of 2 years’ experience, working in a life actuarial-oriented position within an insurance company or a consultancy firm
•    A solid knowledge in at least 2 of the following topics: life product development and pricing, life reserving techniques, risk management, Solvency II or IFRS17.
•    An understanding of economic/market issues and the ability to interpret their impact on clients
•    A strong team spirit, balanced by a healthy sense of autonomy
•    Excellent communication skills, with fluency in Dutch and/or French and proficient level of business English
•    A global mindset and the drive to work in international teams
What working at EY Offers

•    You will be part of a leading global professional services firm.
•    You will be part of the EY family where everyone is willing to offer support and senior management is very accessible. 
•    You will join a dynamic and growing team with a great mix of young and experienced professionals focusing on financial services.
•    You will get extensive trainings  on technical matters, as well as soft skills and project management, and you will have access to new technologies and innovative equipment.
•    We are proud of our flexible working arrangements, and we will support you to build a successful career and deliver excellent client service, without sacrificing your personal priorities. 
•    While our client-facing profession might require part-time working at client site and business traveling at times, we are committed to helping you achieve a lifestyle balance.

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