Risk Officer – Life risk and valuation


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 Life insurance / actuarial professional with a solid quantitative background and experience in the financial industry. 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 methodological development of the group liability valuation model and the risk management framework:

Methodological development of the group liability valuation model & Overall risk management framework

  • You are actively contributing to the methodological development of the group liability valuation model, including model documentation and testing

  • You write technical specifications and collaborate closely with the model implementation team and other stakeholders.

  • As a member of the Ageas Life and Financial Risk Technical Committee you seek consensus and consistency across operating companies with regards to valuation principles and other model related topics.

  • You provide actuarial support to different entities of the Ageas group under different reporting frameworks such as Solvency II, ICS and IFRS

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

Economic scenario generation

  • You contribute to the methodological development of the economic scenario generation model.

  • You provide support in the generation of economic scenarios that are used within the group valuation model.

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…)


  • Contribute to implementation of the IFRS17 framework

Your profile:

  • You have obtained a Master’s degree in a quantitative subject such as statistics, mathematics, physics, engineering, or (applied) economics. An actuarial degree is a plus.

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

  • You have basic knowledge of  Solvency 2 and its implications for Life insurance valuation.

  • Basic knowledge of IFRS4 or IFRS17 is a plus

  • You can easily understand (actuarial) coding software such as VBA, prophet, Algo Financial Modeler (R3S), or any 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 a team with people from different backgrounds

  • You have excellent communication skills, both written and orally and are able to present complex materials in a structured and comprehensive way

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

  • You possess strong coordination, planning and organizational skills

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.