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Job description 

Our Organisation

Ageas is an international insurance company with a heritage spanning more than 180 years. Ranked among the top 20 insurance companies in Europe, Ageas has chosen to concentrate its business activities in Europe and Asia, which together make up the largest share of the global insurance market. They are grouped around four segments: Belgium, United Kingdom, Continental Europe and Asia. It is an undisputed leader in the Belgian market for individual life and employee benefits, as well as a leading non-life player, through AG Insurance. Internationally Ageas has a strong presence in the UK, where it is the third largest player in private car insurance. The company also has subsidiaries in France, Germany, Hong Kong and soon also in Turkey. Ageas has a track record in developing partnerships with strong financial institutions and key distributors in different markets around the world and successfully operates partnerships in Luxembourg, Italy, Portugal, China, Malaysia, India and Thailand. Ageas employs more than 11,000 people and has annual inflows of almost EUR 16 billion.
For the department Solvency II Programme Management, based in Brussels, we are in search of a Pillar 1 Expert m/f.

Your function

Play a key role for the length of the SII programme and its planning phases, covering the overall modelling framework, delivering on the following specific objectives:

  • Design an auditable, robust and consistent modelling methodology and framework for measurement of the Market Value of Liabilities (including the risk margin) in line with the Solvency II requirements;
  • Develop an overarching approach to modelling and aggregating the SCR, based on internal models for Market, Credit and P&C Risk and standard formula for the remaining components;
  • Design a concept for quick, robust and auditable production of the standard formula SCR and MCR;
  • Co-ordinate the dry run production process for QIS 5;
  • Develop the methodology for estimation models to be used in the risk management framework, the ORSA and in MI supporting business decisions;
  • Development of a model governance concept, policies and implementation guidelines in order to ensure a consistent level of model control;
  • Developing model documentation to support the group internal model approval process;
  • Independent review and challenge of OpCo model implementation;
  • Be an aggregation and consolidation expert (non-finance aspects);
  • Share technical expertise on content and support other team members on technical matters;
  • Ensure consistency of approach across Opcos and group; analysis and reasonableness checks of results; review reasonableness of results coming from OpCos.

Your profile

  • Master degree in economics/applied economics or equivalent by experience;
  • In-depth knowledge of risk management (tools and quantitative techniques);
  • Familiarity with insurance business (life and non-life) or/and pension fund business;
  • Cross-risk and economic capital expert;
  • These strong cognitive and analytical competencies should be combined with a general view and ability to single out the essentials in a mass of complex information;
  • Active knowledge of at least 2 languages (French or Dutch, English)

We offer

Ageas values your talent and knows how to reward it. We offer you an attractive salary and fringe benefits. You will work in a stimulating international environment, with numerous opportunities for personal development. You will work independently within a dynamic team.


Interested? 

Please apply on line or contact Patrick Vandewalle: +32 (0)2 664 84 77 



 
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