Chief Actuary


Our client is looking to hire a Chief Actuary to join their Luxembourg based office on a Permanent basis.

Ref: 49357

  • Location: Luxembourg
  • Category: Actuarial
  • Type: Permanent


Key Duties:

Relying on an extensive business background combined with broad skills, expert knowledge and superior leadership, the Chief Actuary is accountable for the following responsibilities:

  • Provide oversight and direction of capital, pricing and reserve for the actuarial function, including responsibility for the production of the Actuarial Function Reports
  • Monitor department planning, performance, resources and utilisation
  • Actuarial involvement on special projects, including merger & acquisition activities, due diligence, and business unit development plans
  • Liaising with auditors, consultants and other external agencies on actuarial issues


  • Oversee delivery of all quarterly reserving reporting requirements, including delivery of Solvency II technical provisions submissions, both internal and external
  • Peer review of reserving, both on a GAAP and Solvency II basis, for all lines of business including reporting to management, process monitoring & enhancements


  • Oversee development of the capital models and delivery of all required capital model reports/submissions, both internal and external
  • Peer review results from both the Internal Model and Standard Formula including reporting to management, process monitoring and enhancements


  • Oversee development of rating models and delivery of all required pricing reports/submissions, both internal and external
  • Express an opinion on the overall underwriting policy. And on the adequacy of reinsurance arrangements

Risk Management:

  • Contribute to the effective implementation of the risk management system, in particular the reporting of model-driven strategic risk metrics

Regulatory & Conduct:

  • In addition to adhering at all times to the the company’s HCC Group Code of Conduct, comply with the Luxembourg CAA requirements

People Management:

  • Responsibility for direct report/s including training, coordinating work, establishing standards, reviewing work, conducting performance appraisals and providing coaching or counselling
  • General responsibility for ensuring appropriate personal development and pastoral care of all individual/s within the actuarial function

Committee Membership:

  • Member of the Risk and Capital Management committee, Audit committee, Capital Model Oversight Group, Pricing Steering Group, Operational Risk Group and Exposure Management Group

Other Duties:

  • Responsible for oversight of all aspects of the company’s actuarial function
  • Act as an advisor and peer reviewer to other actuaries on reserving, capital modeling, pricing, risk management and any other actuarial duties that arise
  • Take responsibility for ad hoc actuarial and analytical projects such as new business evaluation, business planning, individual risk pricing, catastrophe exposure aggregation reporting, as required
  • Work with executive management, risk, finance, underwriters and other key business stakeholders to ensure output from actuarial processes is understood and collaborative, and actuarial department goals are achieved

Qualifications required:

  • Bachelor’s degree in Actuarial Science, Mathematics, Statistics or a related field or the equivalent education and/or experience
  • Designated as a Fellow of the Institute of Actuaries (FIA), Fellow of the Casualty Actuarial Society (FCAS) or similar

Experience required:

  • Must have extensive post qualification experience
  • Proven, relevant and progressive experience in property/casualty insurance industry
  • Thorough knowledge of the Luxembourg regulatory environment, including specific responsibilities placed on the actuarial function
  • Must have proven leadership experience


Patrick McAleer

Associate Director

T: +44 (0)203 867 9866

Email me


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