Life Risk Officer Scenario Generation


Our organization

Ageas is a listed international insurance Group with a heritage spanning 190 years.

It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow.

As one of Europe's larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Luxembourg, France, Italy, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam and the Philippines through a combination of wholly owned subsidiaries and long term partnerships with strong financial institutions and key distributors.

Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of over 40,000 people and reported annual inflows close to EUR 30 billion in 2015 (all figures at 100%).

Ageas Group Risk is based in Brussels & is composed of risk officers (M/F) with a variety of technical expertise and background. You will be a member of the Ageas Group Life Risk and Valuation team, which again is part of the Quantitative Risk Management team.

Your function:

We are looking for a professional from the financial industry with a quantitative background. You will be a member of a small team that contributes to the group risk management framework, works on the development of the group liability valuation model, and provides economic scenarios for liability valuation purposes.

Your tasks will mainly be linked to the generation of the economic scenarios:

Economic Scenario Generation

  • Responsible for the generation of (Risk Neutral) economic scenarios used for the valuation of Life insurance contracts under the Solvency II and other reporting frameworks

  • As part of that task: Follow up on relevant releases and updates by the software provider (maintenance of the tools used)

  • This is a group function; you will be the point of contact for our operating companies

  • Assure quality of the generated scenarios by testing and controlling the results in an appropriate manner

Subject matter expert life insurance

  • You provide support in interpreting quarterly reported numbers (LAT, Solvency II)

  • You may contribute to other reports or requests on an ad hoc basis (examples: regulatory requests, stress tests, actuarial function…)

Overall risk management framework & group liability valuation model

  • You use the group valuation model in order to analyse diverse results (Best Estimate of Liabilities etc) of different operating companies as well as the underlying economic scenarios

  • You collaborate with operating companies and other stakeholders and participate in technical discussions via the Ageas Life and Financial Risk Technical Committee.

  • You contribute to reports and presentations to different governance bodies within the company.


  • Improvement of the scenario generation process: Focus on automation and controls in collaboration with implementation team

  • Contribute to implementation of the IFRS17 framework

Your profile:

  • You have a Master’s degree in Economics/Applied Economics, or another quantitative background such as engineering, science,… Actuarial knowledge is an advantage.

  • You have acquired at least 3 years of working experience in the financial industry, ideally the insurance sector

  • You have basic knowledge of  Solvency 2 in the domain of Life insurance

  • Basic knowledge of IFRS4 or IFRS17 is a plus

  • You have previous exposure to (actuarial) coding language such as VBA, prophet, Algo Financial Modeler (R3S), or similar software

  • Active knowledge of English is a must, knowledge of French or Dutch is a plus

  • You are culturally aware and able to work in team with people with different backgrounds (interaction with other departments of Ageas as well as different operating companies)

  • You are able to present complex materials in a structured and comprehensive way in your field of expertise.

  • You are strongly motivated to learn, proactive, flexible, dedicated and able to work on an independent basis

We offer

Ageas values your talent and knows how to reward it. We offer you an attractive salary and fringe benefits. You will work within a professional and experienced team, open to coach and train you to achieve your maximum personal potential. You will work in a high-grade international and interdisciplinary work environment, with numerous opportunities for personal development and genuine career opportunities.