Reserving & Risk Management | Luxembourg

Our client is one of the world’s largest independent captive insurance management firms, provides financial reporting, regulatory compliance, and program management services to the insurance and alternative risk financing industry.
 
We are seeking a highly skilled and part-qualified actuarial analyst to join their team in Luxembourg. The ideal candidate will have approximately two years’ experience relating to Solvency II regulatory requirements and reserving of European domiciled non-life (re)insurance companies and captives. This exciting opportunity will allow a part-qualified actuary the opportunity to work with several senior actuarial consultants located throughout Europe.
 
Responsibilities and Duties:

• Training and Development: Work under the guidance of senior actuaries to gain practical insights and professional advice. Engage in internal training programs to enhance proficiency in relevant software tools like Excel and R, whilst also attending industry workshops, seminars, and conferences to stay updated on the latest trends and developments in actuarial science. Have an allocated time for studying and preparing for actuarial exams.
• Solvency II Regulation: Work independently, or with our highly skilled account managers and analysts / actuarial team colleagues to manage our clients operating under Solvency II legislation (or equivalent). Work will include, working with actuarial function holders and account managers to produce technical provisions, calculate Solvency Capital Requirements, opine on underwriting, reinsurance arrangements and the contribution to the effective implementation of the risk management system. Work will also include completing the relevant disclosures.
• Reserving Studies: Assist with reserving projects for captives and small/medium sized commercial non-life insurance companies.
• Stakeholder Collaboration: Work closely with teams, including finance, risk management, and compliance, to ensure a cohesive approach to Solvency II implementation.
• Actuarial Consulting: Consult and advise on a range of actuarial offerings for captives and commercial insurance companies to include Risk Finance Optimisation and Multi-Line/Year modelling.

Required Experience

• Strong academic record including:
  • Numerical degree at a minimum of bachelor level (or equivalent).
  • A member in good standing of an actuarial institute (i.e. IFoA or similar).
• Programming skills (e.g. R, Phyton, VBA)
• Experience of working within the non-life insurance industry for a consultancy firm or directly for a(re)insurance undertaking or brokerage.

Please contact [email protected] or 016099404 for further information.

Acumen Resources specialises in the recruitment of the following professionals:  Chief Actuary | Head of Actuarial Function | Actuarial Director | Actuarial Function Holder | CRO | CFO | Actuarial Manager | Valuations Actuary | Product Development Actuary | Pricing & Reserving Actuary | Solvency II Actuary | Life Insurance Actuary | General Insurance Actuary | Non Life Actuary | Pensions Actuary | Investment Actuary | Capital Modelling Actuary | Capital Management Actuary | Risk Management Actuary |  Enterprise Risk Management Actuary | Newly & Nearly Qualified Actuary| Part Qualified Actuary | Trainee Actuary| Actuarial Trainee | Student Actuary | Actuarial Graduate