Actuarial Model Valuation Officer

ERGO is one of the major insurance groups in Germany and Europe. Worldwide, the Group is represented in around 26 countries and concentrates on Europe and Asia. In its home market of Germany, ERGO ranks among the leading providers across all segments.

Role Description

The actuarial department at ERGO Insurance NV is looking to fill the position of an Actuarial Model Valuation Officer. The Actuarial Model Valuation Officer performs actuarial reporting within the IFRS accounting framework by performing valuations and projections, prepare financial reporting items in order to ensure reliable, compliant and transparent actuarial outputs that support financial reporting obligations (both towards internal and external stakeholders).

• Performing the Closing Process and Forecast and Planning process in line with Group Reporting cycle related to the IFRS 17 reporting framework together with other team members:
  • Execute the valuation of the company’s Gross and Ceded technical provision in accordance with the valuation requirements related to the IFRS principles (including data review and assumption setting),
  • Provide in due time the necessary balance sheet accounts and profit and loss accounts,
  • Perform and document checks and controls for the above mentioned balance sheet and profit and loss accounts,
  • Analyze the movement of the different accounts over different cycles and processes to understand the drivers of the companies result,
  • Document and update the processes in our internal tools.

• Participation and contribution to assignments established by the company
  • Contribute to the development of the Prophet model and Prophet model inputs like model point file creation,
  • Assisting other departments and outsourcing partners on matters that require actuarial specialist input to the extent such departments do not have actuaries in their employ, whether in context of ongoing regular work or special projects,

• Assuring these activities are conducted
  • In a qualitative way, through continuous improvement of processes and methodology aimed at increasing quality, efficiency and transparency at least always in line with the applicable legal requirements. Quality efficiency and transparency is to be improved according to defined steering requirements
  • Conducting these activities conform legislation (on reserving, solvency and governance), in tune with the company’s risk policy and other local & group guidelines

Required Qualifications

• Profile
  • Degree in actuarial sciences, mathematics, physics or economics and have suitable relevant prior experience
  • Minimum 2 years working experience in a comparable environment
  • Actuarial qualification (either through education or profession) or working towards completion
  • Fluent in English both verbally and in writing, Dutch and/or French is a plus
• Technical Skills
  • Previous experience with Prophet and being keen to continue developing yourself in Prophet
  • Knowledge of VBA/Excel is required
  • Knowledge of IFRS valuation principles
• Soft Skills
  • Precise and meticulous, and enjoy working in projects with other actuaries or other teams
  • Able to work autonomous as well as in team
  • Change mindset, are keen to improve and take initiative.
  • Hands-on mentality and keen to deliver results within the given timeliness
  • Strong ethics and a high level of personal and professional integrity

We offer:

At ERGO Insurance, we offer you a challenging job with learning opportunities (through training, coaching, projects, and internal mobility), all in the heart of Brussels (near the Grand Place and the main train station ‘Central’).

Besides a market-based gross salary, we offer an attractive package of fringe benefits:

• year-end premium (13th month)
• competitive insurance package (hospitalization insurance, guaranteed income insurance and pension plan)
• reimbursement of public transport in accordance with the applicable conditions
• monthly meal vouchers
• yearly eco vouchers
• a yearly gift voucher
• sectoral premiums
• collective company premium (CLA 90)
• internet allowance
• telework allowance

Moreover, you can also count on an attractive leave scheme (at least 32.5 days), flexible working hours and the possibility to telework up to three days a week. This way of hybrid working guarantees a good work-life balance.