Model Validation Officer


Our organisation

Ageas is a listed international insurance Group with a heritage spanning close to 200 years. We offer Retail and Business customers Life and Non-Life insurance products, and we are also engaged in reinsurance activities.

Our customers are at the heart of our business, and our products and services are designed to anticipate, manage, and cover their risks through a wide range of solutions designed for their needs, both today and in the future.

We are one of Europe's larger insurance companies and we are also well represented in Asia. In total, Ageas is on the ground in 13 countries (Belgium, the UK, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, 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. Every day, more than 44,000 skilled and committed employees are at the service of nearly 45 million customers. Our Group has at its foundation a set of core values - Care, Dare, Deliver, and Share – representing who we are and how we work. As a “Supporter of your life” we seek to create social and economic value for our customers, employees, partners, investors, and society at large.

Ageas has been re-certified as Top Employer in 2024.

Your function

Model validation provides an independent opinion of the model appropriateness. Validation is a fundamental Solvency II requirement for institutions willing to qualify for an internal model approach to determine regulatory capital requirements and also after qualification. This requires insurance institutions to demonstrate that they have in place a rigorous process by which they can establish whether their internal model framework is sound or whether improvements are needed. Model validation also reflects
on internal management priorities and covering all aspects of the internal model environment. Validation covers all the aspects of a model (strategy, data quality, methodology, testing, use-test…) and plays a role during the whole model life cycle.

Your role contains the validation of Solvency II capital and valuation models – including underlying sub-models – for the whole group. A Validation Officer at Ageas validates models in the following areas: financial, life, health and non-life risks. You validate capital and valuation models at group level and within the operational entities. This includes validation of the model strategy, methodology, data, computational aspects and processes:

  • You give an opinion on the conceptual and theoretical soundness of model methodology and assumptions;

  • You validate the correct implementation of the methodology in the chosen tool or code;

  • You validate the quality of the data used in the model;

  • You validate the model usage (use-test);

  • You follow up with the model manager on recommendations of previous validation missions;

  • You establish the validation report intended for the management and the regulator;

  • You present the validation conclusions to the Model Control Board, at Group and at local level;

  • You participate to the continuous enhancement of the validation methodology;

  • You participate in a strong technical team of PhD’s

Your profile

  • You have a strong quantitative background (Actuarial Sciences, Master or PhD in Mathematics, Statistics, Physics, or Civil Engineer);

  • You have a critical, conceptual and process oriented mindset;

  • You are open-minded and have good analytical skills;

  • Knowledge of Solvency II (Pillar 1 and 2) is a plus;

  • You are able to have rapidly a deep understanding of new tools and techniques;

  • 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;

  • You have a good knowledge of coding (Matlab, R, Python, LaTex…);

  • You have good communication skills, both orally and written;

  • You respect deadlines related to the assignments received;

  • You are proactive, flexible and able to work on an independent basis;

  • You speak fluently English.

We offer

  • The possibility of (maximum 50%) home working;

  • A dynamic, multicultural working environment;

  • An interesting and extensive salary package (including meal vouchers, eco vouchers, hospitalization, disability and group insurance, additional child benefit, mobile allowance and intervention in the internet reimbursement, ...);

  • The possibility to optimize part of your salary package through a flexible income plan;

  • A corporate culture where you are encouraged to share your views and opinions;

  • A flat organizational structure with close collaboration and communication with management and cross departments;

  • An extensive range of learning & development opportunities through our online learning platform;

  • The opportunity to further develop yourself and to be part of a great team at a Top employer in Belgium. Find out more about it here.


Please apply online. We are looking forward to talking to you!