Your advice is to the point, very concrete and pragmatic. In this very varied job, you present your solutions to all stakeholders with clear pros and cons. That’s how you make a difference for our management: helping them to benchmark the NN’s risk management practices and processes.
The salary for this position is between € 4462 and € 6375, depending on your knowledge and experience. This is based on a 36-hour work week, excluding a 13th month and vacation pay.
Your impact as an Oversight Actuary of the NN
The most exciting part of this job is de multi-scope role you will have. First and foremost, you are an experienced actuary who will contribute to the execution of the central Actuarial Function within NN Group. In addition, you are the advisor on actuarial matters to the business units and relevant NN Group leadership. In your role you find solutions by connecting the right dots. You take your responsibility and really stand behind your own proposal, with sharp and clear arguments.
Your contributions to the group actuarial reporting are of a high level, predominantly focused on analytics and mainly aimed to provide clear and actionable insights from the actuarial reports to the Group Chief Actuary and other group stakeholders.
The business units can also count on your clear advice on topics like Solvency II models and assumptions, technical provisions, underwriting, reinsurance, ORSA, and more.
All the while, you will play an important role in shaping the scope and implementation of the IFRS17 group Actuarial Function responsibilities and activities going forward. For this part, you will review the IFRS17 liabilities and other metrics and provide advice to the Business Units, Chief Actuary and other corporate functions based on the outcomes.
Our Actuarial Reporting and Oversight team focuses on:
- Actuarial SII oversight of business units, focusing on reserving, underwriting and reinsurance practices in the units
- Review and guidance on material model and assumption changes
- Ownership, maintenance, group-wide implementation and advisory role on policies and standards owned by the Chief Actuary Office (best estimate assumptions, market value of liabilities, Own Funds Movement Analysis, Operating Capital Generation, etc.)
- Strengthening the actuarial function/community within the Group, enabling best practice sharing
- Contributing to the IFRS17 project, including the development of value metrics and analysis of actuarial choices
And we do a lot more, which gives you great opportunities to develop even further.
Your responsibilities
- You will participate in the analysis, review and reporting of actuarial metrics, for internal and external purposes on a recurring basis
- You will design/create, maintain/update and advise/guide on actuarial reporting methods, methodologies, policies and standards
- You maintain/update the tools, reporting processes and requirements for actuarial metrics
- You contribute to the actuarial data-driven oversight of the NN Business Units
- You participate in the implementation and roll-out of IFRS17 Actuarial Function related activities, review and challenge financial results and participate in strategic projects where actuarial skills are required
Your colleagues
You become part of our 8-person team, including a trainee. We are quite the international team with four different nationalities. We are all in our twenties and thirties with a good dose of professional skills.
Every Monday, we work at the office; the other days you decide yourself, because that depends on your cooperation with other colleagues within NN. We also have a lot of online contact, like various conferences. Collaboration is a great good within our team: we take on every task with two colleagues.
Every quarter we end with a dinner or a drink because our work-life balance is important as well.
Our Actuarial Reporting and Oversight team is part of the Chief Actuary Office of NN Group. As member of this team you will contribute to execution of the Actuarial Function within NN Group. The Actuarial Function is mainly responsible for the technical provisions of NN Group across the different balance sheets and related metrics.
Who you are
You feel at home at a fast-paced, evolving business and technical environment. As a driven person, you have the mentality to get things done and to connect with others to succeed in your role. We can describe you as a team player with a strong sense of ownership who is hungry for intellectual challenges, and who is concise and biased towards efficiency. You also have:
- An academic bachelor's/master’s degree in Econometrics, Actuarial Science, or other quantitative degree
- A minimum of 7 years of experience gained in life of non-life insurance and experience in Solvency II valuation and/or reporting (with a focus on SII technical provisions and own funds)
- Strong analytical and numerical skills to challenge and explain SII results
- Excellent verbal and written communication skills and the ability to communicate with senior stakeholders and auditors
- Very good command of Excel; other data manipulation tools are a plus
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 and 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 steer 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 can work from any location at any time. You get enough flexibility to adjust your working pattern to your personal needs. Another 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:
- 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, giving you unlimited travel 7 days a week. Do you prefer to travel with your own transport? Then you can declare the kilometres travelled for business and commuting.
All NN colleagues work in a hybrid form: two days at the office and working from home (or anywhere else). The official location for this job is our fantastic office in The Hague. The office is located next to the A12, but is also easily accessible by public transport. Want to catch some fresh air? You can take the tram or bike and you will be at the beach in half an hour.
Will you be our new colleague?
We would like to invite you to come and have a cup of coffee or tea. Because we believe that your enthusiasm about this position will only increase during that conversation. So, what are you waiting for?
Apply now
If you have any questions about the process, you can reach out to Joyce van der Burg (Recruiter) via Joyce.van.der.Burg@nn-group.com
Location:
The Hague