NN Life & Pensions is looking for a Domain Lead Insurance Risk Manager with expertise in actuarial risk modelling and best estimate assumption setting. In this role, you will coordinate the development of risk models and assumption setting for key financial risks within NN Life and Pensions, including mortality, morbidity, persistency and expense inflation.
What you are going to do
- Coordinating the regular model review cycle, including development, validation, approval and maintenance, for the relevant risk areas
- Contributing to the model review cycle by providing a balanced risk modelling perspective in the context of insurance balance sheet management
- Coordinating annual and ad hoc updates to actuarial assumptions
- Ensuring the maintenance of the data and control framework for the relevant risks
- Leading communication on models and assumptions with the actuarial function holder, model validation teams, internal and external auditors, and DNB
- Ensuring effective stakeholder management regarding the financial impact of risks and assumptions within scope
- Act as sparring partner within the team and coaching more junior colleagues
What we offer you
NN invests in an inclusive, inspiring work environment and in skills and competences for the future. We match this with employee benefits that are in line with what is needed today and in the future. This way, we offer our employees the opportunity to get the best out of themselves. We offer you:
- Salary between €8,446 and €11,262 based on 40 hours per week and depending on your knowledge and experience13th month and holiday allowance are paid with your monthly salary
- 27 vacation days for a 5-day working week and three Diversity Days
- A modern pension administered by BeFrank
- Plenty of training and learning opportunities
- NS Business Card 2nd class, which gives you unlimited travel, also privately. Do you prefer to travel with your own transport? Then you can declare the kilometers travelled
- Allowances for setting up your home office and for internet use
Who you are
You have excellent analytical skills and are able to explain complex matters to all stakeholders in a clear and transparent manner. You have a structured way of working and can coordinate multiple projects and plans simultaneously. You identify areas of improvement in processes and help those you work with to grow to their fullest potential. Furthermore, you bring:
- A minimum of 6 years of relevant work experience in insurance and/or financial risk management
- Experience in actuarial risk modelling and best estimate assumption setting in a Solvency II context
- The ability to deconstruct complex problems and to distil technical content into succinct narratives
- A proactive mindset, whereby you anticipate emerging risks, propose mitigants and drive implementation without waiting for instruction
- The ability to act as a role model by providing leadership, inspiring the team and supporting colleagues in their development
- Excellent verbal and written communication skills in English. You are able to communicate clearly with senior management and specialists
Who you will work with
You will be part of the Financial Risk Management (FRM) team at NN L&P. The FRM team consists of 17 employees with a background in actuarial science and financial risk management. The team has a mentality of producing high-quality work and provides an environment in which people can work on their own initiatives and innovative ideas. At NN L&P, we work hybrid; you will decide where, how and when you work. The location of this job is our office in Rotterdam.
Any questions?
If you have any questions about the job, you can reach out to Tristan Hands, Head of the Financial Risk Management team, on +31 (0) 6 16211973.
For questions regarding the recruitment process, please contact, Danitscha Vrolijk-Mahadew, Talent Acquisition Specialist, via [email protected].
Skills Required
- Minimum 6 years of relevant work experience in insurance and/or financial risk management
- Experience in actuarial risk modelling and best estimate assumption setting in a Solvency II context
- Excellent verbal and written communication skills in English, able to communicate with senior management and specialists
- Structured way of working with ability to coordinate multiple projects and plans simultaneously
- Ability to deconstruct complex problems and distil technical content into succinct narratives
- Proactive mindset to anticipate emerging risks, propose mitigants and drive implementation
- Demonstrated leadership and coaching ability to support and inspire team members
What We Do
NN Group is an international financial services company, active in 11 countries, with a strong presence in a number of European countries and Japan. Our roots lie in the Netherlands, with a rich history of more than 175 years. With our 16,000 employees, NN Group provides retirement services, pensions, insurance, banking and investments to approximately 19 million customers. NN Group includes Nationale-Nederlanden, NN, ABN AMRO Insurance, Movir, AZL, BeFrank, OHRA and Woonnu. NN Group opened for trading on 2 July 2014 on Euronext Amsterdam under the symbol ‘NN’ after its initial public offering (IPO). For more than 175 years, our company has merged, grown and changed, but the core of who we are has remained the same. At NN Group, we put our resources, expertise, and networks to use for the well-being of our customers, the advancement of our communities, the preservation of our planet, and for the promotion of a stable, inclusive, and sustainable economy. Our purpose is to help people care for what matters most to them. Because what matters to them matters to us.
