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Asset Attribution Expert - NN

Location: The Hague
Salary: € 3962 - € 7975 a month
Employment: Full-time
In this role you will be the performance measurement expert the team that is responsible to analyse and explain the market value movements in the asset portfolio, covering fixed income and other instruments (like equities and derivatives).

The Investment Operations department within the Finance Service Centre opens a position to an Asset attribution expert.

Are you curious how the performance of financial markets translates into the asset movements within the balance sheet of NN? Then this might be the position for you!

The position of Asset Attribution Expert offers you a salary between € 3.962,- and € 7.975,96,- (based on 40 hours), depending on your knowledge and experience.

Your impact as Asset Attribution Expert at NN

In this role you will be the attribution expert that is responsible to design, calculate, analyse and explain the market value movements in the asset portfolio, covering fixed income and other instruments (like equities and derivatives). You will have a crucial role in the Analysis of Movement for assets-service provided by the central team. Reporting scope includes all the NN Group Insurance Business Units. Currently, these activities are performed locally within each individual unit and will be centralised, automated, and standardized at the NN Group Finance Service Center (FSC).

The Analysis of Movement (AoM) for assets-service entails the monthly performance attribution including narratives, which will be used by NN Group and its various business units for their standard reporting process and ad-hoc calculations. The attributions consist of accrual, timing, inflation-related timing, interest, inflation, spread, FX, equities, and transactions. We are currently in project modus, so you can assist to design, build and test this service in our standard tooling. The performance attribution is calculated with SimCorp Dimension Fixed Income Performance Attribution (FIPA).  

Your responsibilities

During the AoM-project phase:

  • Translate, together with investment specialists, the AoM-policy to data model assumptions and attribution calculations on instrument level for all NN instruments.
  • Convert these data model assumptions, into requirements that will be configured by an SCD FIPA developer.  
  • Test the AoM-configuration and validate if the outcomes are in line with the AoM-policy of Chief Actuarial Office (CAO) and the requirements of the BU’s.

After the AoM-project phase, the main tasks will be:

  • Perform checks and balances on the results to ensure the correctness of the attributions.
  • Understand and explain the attributions in relation to the characteristics of the instruments in the portfolio and based on these insights draft the narratives per Business Unit.
  • Answer questions from the Business Units.
  • Perform maintenance on AoM model; e.g. various organizational projects/initiatives might impact the AoM configuration.  

Next to the AoM reporting also Operational Capital Generation (OCG) reporting is part of this service. The OCG metric is used in the Solvency II reporting and provides an insight into our future capital generation for stakeholders. This new insight gets a lot of attention lately because since our last Capital Markets Day our OCG performance became a very important metric on board level. Your role is also to make sure that we generate the AoM-figures in such a way that we can report on OCG from an asset perspective in a timely and consistent manner to our business units and stakeholders.

Who you are

We are looking for a pro-active team player that can also operate as an independent professional, is self-sufficient in prioritizing, and doesn’t need guidance in the day-to-day business. You have experience with the valuation of financial asset instruments, strong problem-solving skills and you pay attention to details and quality.

  • Chartered Financial Analyst (CFA),  University degree in Econometrics, Financial Mathematics, Actuarial Sciences or related discipline, Financial Risk Manager (FRM)  
  • 1-3 years of work experience in an asset attribution, actuarial, performance measurement, or risk function
  • Good analytical and communication skills in English, both oral and written
  • Full understanding of the different kinds of attributions
  • Asset instrument knowledge with a focus on Fixed Income

Your colleagues

As an Asset attribution expert, you will be part of the Investment Operations value stream within NN Group Finance, which is located in the Head Office in The Hague, Netherlands. The values stream is responsible for the Accounting Book of Records (ABOR), data delivery regarding Insurance Investments for all NN Insurance Business Units within NN Group. The department is divided into the following teams; Asset Roadmap Program, Accounting Operations, Controlling, DevOps Data Platform, DevOps Investment Accounting Platform, and last but not least our Cognizant offshore team in India.

As an Asset attribution expert, you will be a member of the Controlling team. You work in an international environment. The controlling team has 20 employees working in Sub teams on different assignments and focus areas. The team is the process owner of the Accounting Book of Records (ABOR), serves as a mid-office for several investments, is responsible for Performance and Analytics (including forecasting & budgeting), data delivery, and operates as the business partner (Accounting oversight) for the Investment Accounting Book of Records where the team works closely together with the Dutch and international NN Insurance entities, Investment Office (front office team within NN), Corporate Treasury, Group Risk, NN Investment Partners and Group Finance in order to deliver accurate, consistent, timely and high-quality asset data regarding the NN Group Insurance Investments.

Continue developing

It is important to us that you continue to develop yourself. We give you the space and the confidence to grow in your career as well as a person. We help you with:

  • Plenty of training and learning opportunities in our Learning & Development Centre
  • A large (international) network of colleagues who are keen to share their knowledge with you
  • The autonomy to set out your own development path

Employee benefits

You are more than a colleague and that is something we understand very well at NN. You have many roles in life, leading to different choices. At NN we give you the opportunity to select employee benefits that are important to you. For instance, buying additional leave days and flexible working hours. In consultation with your manager and your direct colleagues, you are able to work out of any location at any time. You get enough flexibility to adjust your working pattern to your personal needs. Also part of the benefits are (currently online) sports lessons and a special allowance to set up your home office and internet use. In addition, you will receive:

  • Salary between € 3.962,- and € 7.975,96,- based on 40 hours, depending on your knowledge and experience
  • Collective pension scheme with a personal contribution of only 6%
  • 194.4 hours of leave, based on a 36-hour week (that’s 27 vacation days for a 5-day working week) and one Diversity Day
  • Holiday allowance and a 13th month paid with your monthly salary
  • NS Business Card 2nd class, which gives you unlimited travel 7 days a week. Do you prefer to travel with your own transport? Then you can declare the kilometers traveled for business and commuting.

Due to Covid-19, NN colleagues are still working from home most of the time and we are preparing for a combination of working from home (or anywhere else) and at the office. The official location for this job is The Hague.

Will you be our new colleague?

If you are enthusiastic about this vacancy and think that you would be a good fit for the team at NN, we would like to invite you to apply. We are very keen to find out who you are, what motivates you and what you can contribute to this role at NN.

Apply now

If you have any questions about the vacancy or the process, give us a call or let us know on WhatsApp. You can reach out to Yasmine Korving (Recruiter) via .

This is a permanent position. A candidate will receive a contract from NN and we are not open to interim/freelance assignments and/or candidates or recruitment agencies. Thank you very much for your understanding.

The Hague

Information and application:


Please send your application for Asset Attribution Expert at NN in The Hague including your CV via our website.

Job code:
Job posted
04 november 2021
Apply Now
More information:

If you have any questions about the vacancy or the process, give us a call or let us know on WhatsApp. You can reach out to Yasmine Korving (Recruiter).

Yasmine Korving
m. +31 (0)6 55 19 64 09

Read all about working at NN

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Tel: 036 - 7440 136

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