Non-Life Risk Officer

Non-Life Risk Officer

Ageas

Brussels, Belgium

Your function

Ageas Group Risk is based in Brussels & is composed of risk experts with a variety of technical expertise and background. You will be a member of the Ageas Group Non-Life Risk team, which is part of the Quantitative Risk Management team. As member of the Ageas Non-life Risk team, you will contribute to the embedding of the non-life UW risk and valuation framework within the organisation and you will promote a culture of risk awareness in which each manager carries out his duty.

Your responsibilities include among others:

• Coordinate Non-Life Best Estimate and IFRS17 reserving policies across Ageas entities and develop challenger reserving models to validate results of operating companies;
• The further development, implementation, testing and documentation of the internal model for non-life underwriting risk, including entity models, reinsurance model and group aggregation model;
• Provide technical support to operating companies and participate to the automation of Internal Model runs and data flows;
• Quarterly run of group models and production of non-life group reserving and risk reports, contributing to overall communication, interpretation, and presentation of internal and external results;
• Challenge results & methodologies of operating companies and participate to harmonization of methods;
• Ascertain model change governance is being applied and participate to communication/approval of model changes with National Bank of Belgium;
• Develop & implement group policies (best estimate manual, internal model calibration & methodology…);
• Embed sustainability in underwriting policy and assess long-term impact of climate change on non-life underwriting risk.

Your profile

• You have a Master’s degree in mathematics, econometrics, actuarial sciences, economics, certificate in financial risk management or alike;
• You have obtained at least 5 years of relevant working experience;
• You have a good understanding of Non-life insurance business: 1) reserving methods for valuation of the non-life liabilities covering claims and premium provisions, 2) Non-life risk modeling, 3) Solvency II best estimate and standard Model;
• You have experience in the use, implementation or maintenance of calculation-heavy numerical models;
• You are comfortable reading and writing code in at least one programming language;
• Your core competences include analytical skills, autonomy, result orientation and risk consciousness;
• You have an active (written and oral) knowledge of English (French or Dutch is a plus).

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