Overview

Head EMEA Actuarial

Permanent

Our client is looking for a Head EMEA Actuarial to work in their Luxembourg office.

Ref: 1024872

  • Location: Luxembourg
  • Category: Actuarial
  • Type: Permanent
  • Pay Range: €70k - €90k

Overview

About the role:

Our client provides innovative Life & Health insurance solutions to customers through Distribution Partners. The Valuation team is a small team which provides the valuation of the insurance liabilities on different bases.

 

In this role you will:

  • Lead and manage the actuarial function and its processes
  • Provide EMEA’s liability valuations on different bases (Luxembourg statutory, US GAAP, Solvency II, EVM)
  • Ensure the EMEA Executive Committee and the EMEA Board of Directors are provided with in-depth actuarial views of EMEA’s technical provisions
  • Provide actuarial assessments of new transactions
  • Conduct technical notes for new and existing products
  • Liaise with other EMEA functions such as Finance, Products and Risk Management to ensure that the valuation and risk management principles are in line with the Group standards
  • Support the regulatory reporting activities in conjunction with the Finance division and legal functions
  • Perform experience analysis and review of key actuarial assumptions to ensure long term profitability of business
  • Ensure an appropriate control framework is in place that matches with the business requirements
  • Develop and maintain deep knowledge of insurance practices and market developments within the European Economic Area, in particular Germany, the Netherlands, the UK, and Ireland

 

Ideally About You:

Skills and Experience:

  • University degree (or equivalent); mathematics, statistics, actuarial science or related field with proven mathematical skills and analytical ability
  • Qualified actuary (e.g. French Association of Actuaries or equivalent)
  • Work experience of 10+ years in primary L&H insurance and/or consulting environment with actuarial focus
  • Excellent understanding of Luxembourg statutory and US GAAP reserving for L&H business
  • Keen appreciation of sound risk management and Solvency II requirements
  • Strong knowledge of the MS Office suite (particularly of MS Excel) or Matlab
  • You are organized, a motivated team player and comfortable in a multi-cultural environment
  • Strong verbal and written communication: ability to communicate complex issues to others in a clear and concise way
  • Your English is excellent; French is a plus

Qualifications required:

  • University degree (or equivalent); mathematics, statistics, actuarial science or related field with proven mathematical skills and analytical ability
  • Qualified actuary (e.g. French Association of Actuaries or equivalent)

Experience required:

  • Work experience of 10+ years in primary L&H insurance and/or consulting environment with actuarial focus

Consultant

Patrick McAleer

Business Manager – Europe

T: +44 (0)203 867 9866

Email me

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