Actuarial Officer

Purpose of the Job:

Responsible to analyze actuarial data and prepare pricing of products, in line with actuarial policy, guidelines and procedures, in order to contribute to the continuous insurance coverage. Solves difficult financial problems using mathematical and statistical skills and tools.

Responsibilities & Core Activities:

• Collect and analyse data regarding products and services and prepare and draft actuarial reports for the purpose of (amongst others) the financial statements, budget, external reporting, and reinsurance.
• Analyse and check calculation models that underlie the pricing of products, as well as proactively formulate improvements with respect to pricing.
• Collect and analyse data regarding product performance, signal deviations from expected performance and formulate improvements from a cost and actuarial perspective, in cooperation with Commerce and Operations.
• Collect and analyse data regarding the reserves for policies in the fields of individual and group life, health, accident, aging, postretirement benefits, signal deviations from budgeted reserves and/or previous months/years and prepare monthly and quarterly reports.
• Contribute to the analysis of policies and corresponding historical claim behaviour regarding health, fire, motor, life and construction, determine the desired coverage rate and after reinsurance policies are.
• Provide actuarial support to departments (including
• Marketing & Sales, Operations, Legal and HR), mostly focused on various calculations, and participate in meetings / negotiations with third parties.
• Translate legislative amendments and new products into actuarial consequences and requirements for the administrative system(s) and monitor, test and (pre-) approve the adaption of the system by a third party.
• Develop, maintain, and test the models that are used within the Actuarial department, from both a technical and policy perspective.
• Participate in and/or contribute to the planning and coordination of assigned projects, from an actuarial perspective, and ensure execution and delivery.
• Keep up with internal and external developments and ensure development, transfer, and retention of new and state of the art knowledge in actuarial and related fields.
• Executes other duties as assigned.