Senior Actuarial Consultant (Actuarial Function Life & Health)

About Us

ERGO Technology & Services S.A. (ET&S S.A.) was established in January 2021 following the integration of ERGO Digital IT and Atena into one entity, leveraging both companies’ strengths and best practices. As a part of ERGO Technology & Services Management AG, the technology holding of ERGO Group AG, we support millions of internal and external customers with state-of-the-art IT solutions to everyday problems.

In October 2022, ET&S S.A. expanded its scope of operations by creating a Business Services unit to contribute in a new way to the growth of ERGO’s business. Acting as a co-partner and internal consultant, it adds non-IT value and supports the development of the entire ERGO Group, currently offering skills in reporting, analysis, actuarial, and input management. We are committed to fostering innovation and meeting the evolving needs of our clients worldwide.

Discover how we implement AI, IoT, Voice Recognition, Big Data science, advanced mobile solutions, and business-related services to anticipate and address our customers’ future needs.

About the role

We are looking for Actuaries and professionals experienced in the insurance industry to join our team.

How you will get the job done

• coordinating and monitoring of the valuation and validation of insurance liabilities under Solvency II and IFRS17 for the insurance companies of the ERGO Group 
• ensuring the appropriateness of the models and methods used, as well as the assumptions made for the valuation of the insurance liabilities, including an assessment of the sufficiency and quality of the data used 
• in-depth understanding of L&H insurance liabilities valuation and related IT solutions (e.g. Prophet)  
• running independent reviews (insurance liabilities valuation and validation, reinsurance arrangements, underwriting policy incl. ESG risks, local actuarial governance) 
• contributing to the Group Actuarial Function’s annual report which involves supporting the Segment Actuarial Function on the adequacy of the reserves level, the reliability and appropriateness of the insurance liabilities valuation, the overall underwriting policy, the adequacy of reinsurance arrangements and the actuarial governance  
• handling special tasks and ad hoc requests, also in project and working groups, as well as coordinating the valuation changes process with regard to insurance liabilities (IFRS17 and Solvency II)

Skills and experience you will need

• fluent written and verbal communication skills in English 
• degree in Mathematics, Economics or Business Administration with a focus on finance, or comparable education 
• willingness to travel abroad (twice per quarter, 2/3 days) 
• at least 5 years of professional experience in the insurance industry in at least one of the following areas: risk management, actuarial, statistics, ALM 
• IFRS17 knowledge is desirable 
• competence in providing technical guidance, very good communication skills and a strong team spirit 
• strong analytical skills, ability to work independently and high level of commitment 
• ideally, a completed actuarial professional education with extensive knowledge of valuation models for insurance liabilities as well as the activities of the actuarial function of a primary insurer (Solvency II Directive, Delegated Regulation and Guidelines on the valuation of technical provisions) 

Nice to have

• actuarial qualification 
• German language