Chief Risk Officer and Chief Actuary - Insurance Sector
Michael Page Luxembourg
Luxembourg, LU
il y a 2j
source : Monster

The Chief Risk Officer and Chief Actuary is responsible for supporting the Finance Director in all tasks relating to actuarial and risk management work.

She / He will have to ensure that the Risk and Control Frameworks within the company are fit for purpose, compliant with all relevant legislation and regulations and suitable in the context of the company's business model.

Client Details

My client is an insurance company.

Description

  • Ensure that Risk frameworks and policies are embedded and maintained throughout the office
  • Perform wider risk assessments and reviews, whilst ensuring that all necessary controls are in place.
  • Ensure that an effective risk reporting tool is in place.
  • Manage the firm's Solvency II programme, working in conjunction with the Head of Internal Audit and Head of Compliance to ensure the business are ready for relevant implementation deadlines.
  • Calculate quarterly reserves on GAAP and SII bases and present at appropriate Committees as appropriate
  • Assist with Pillar 3 QRT Financial reporting
  • Liaise with the external appointed actuary in respect of the annual reserve sign off
  • Perform Standard Formula capital calculations and present associated results
  • Calculate BCAR and SFSCR ratios on a regular basis for internal reporting
  • Liaise with regulators as required to validate and assess Standard formula calculations, inputs and approaches
  • Assist underwriting teams in the development, periodic review and update of all pricing models
  • Assist in production and review of price monitoring reporting, model price versus actual price and business plan
  • Perform rate analysis to assist the underwriting team to confirm profitability on a real time basis
  • Assist in case pricing as necessary, including for new products and / or lines of business
  • Review the outwards reinsurance programmes and assist in modelling and scenario testing to ensure the programmes are optimised against the risk appetite
  • Profile

  • At least 8 years of experience in Risk Management or Actuary in relation with the insurance or reinsurance sector in Luxembourg
  • Fluent in English
  • Degree in mathematics or statistics is an asset
  • Insurance Risk Management qualification is preferable
  • Job Offer

  • Join an international insurance company
  • Have a strategic function within the organization
  • Develop a strong and important framework of control
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