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Actuarial Function Expert - Allianz

Location: Rotterdam, hybride
Employment: Full-time
The Actuarial Function of Allianz Benelux is looking for a life / Health Actuary to strengthen the team and advance it to the next level of expertise and technical excellence.

Who are we?

We are responsible for sign-off of Technical Provisions and product approval, as well as  providing opinions on underwriting and support on risk calculation. We protect the long term stability of the company by ensuring it is financially resilient, securing our commitment to our customers and other stakeholders. We embrace a modern style of working where the motivation of each and every member of the community is our key interest, initiatives and collaboration are highly encouraged. We can make mistakes to learn, speak our minds, work hard, laugh hard and wear colorful socks/minds! 

What will your role be?

We offer a dynamic and flexible role for a Life / Health Actuary in the Actuarial Function team covering the Benelux region. You report directly to the Actuarial Function Holder. Your work covers the full insurance landscape with a focus on life products (individual life insurance, employee benefits contracts, collective schemes, savings products), the  technical provisions and the modelling (for solvency and IFRS17). As Allianz Benelux is a composite insurance company, you are open to expand your horizon into other insurance segments, i.e. Health and P&C.

Your responsibilities:

  • Review product design, calculation of technical provisions and model validation
  • Challenge the best estimate life assumptions, enhance back-testing and sensitivity analysis. 
  • Data analysis, model replication, calculation benchmarking and statistical testing to ultimately approve the reserves and Technical Provisions.
  • Organize the Parameter and Assumption Approval Committee and challenge the parameter/model changes presented.
  • Provide input / participate in the product approval and loss reserve committees, linking portfolio characteristics to real world observations.
  • Design and implement new methods and processes, maximizing available data and bringing the Actuarial Function to the next level.
  • Creation of formal annual reports to the Board and the Supervisor.
  • Stakeholder management, from CRO, Chief Actuary to the Heads of business domains.

What we offer

  • An engaging multi-cultural team of experts spread out between Rotterdam and Brussels
  • Versatile work, with the flexibility to be involved in Life, Non-Life, Health and Income Protection business in Belgium as well as the Netherlands
  • A pleasant working atmosphere where taking initiative is encouraged and failures seen as opportunities to improve
  • Development opportunities, access to Allianz’ global risk and actuarial community, and ability to follow internal and external trainings

Who are you?

You are a qualified actuary with practical work experience. You are curious and you like to challenge and be challenged. Eplaining complex topics with structure and using simple language is natural for you. you do not take statements at face value, and are driven to understand the underlying dynamics. You stay up to date in the actuarial field, are eager to learn and implement the newest developments. You are skilled programmer and you have passion to analyze, make links and provide your opinion on the calculation of technical provisions and the profitability of products. You don't shy away from joining forces with the business to improve the level of expertise.

What we expect from you ?

  • You have a Master’s degree in Actuarial Sciences
  • Relevant working experience in Life / Health insurance and knowledge of Dutch insurance products
  • Good IT / software skills – programming languages such as Python, R, SAS, SQL, C, … 
  • You are familiar with Life / Health cash-flow models.
  • Experience with Willis Towers Watson actuarial software (eg. RAFM, Moses, etc.) is a plus
  • Your basis will be either Rotterdam (preferred) or Brussels and you are flexible to travel (max. 1 day per week) between the locations
  • You communicate fluently in English, as well as in Dutch or French. You have excellent writing skills in English.
  • Ability to make presentation to senior management and explain complex topics with clarity

Have we peaked your interest? Join us and #LetsCareForTomorrow

Allianz is an equal opportunity employer and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.

Rotterdam, hybride

Information and application:


Please send your application for Actuarial Function Expert at Allianz in Rotterdam, hybride including your CV via our website.

Job code:
Job posted
13 november 2023
Apply Now

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Postbus 60184
1320 AE Almere

Tel: +31 36 7440 136

KvK 32090652
ING Bank NL91INGB065.42.67.456
BTW NL.8106.57.041.B01

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