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