Junior Actuarial Consultant – Reinsurance

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

This position offers a unique opportunity to be at the forefront of our actuarial practices and contribute to the success of our life and health business on both national and international levels while gaining valuable experience and skills.

How you will get the job done

• supporting communication efforts and system changes: sharing of important information with our life and health entities through emails, calls, and participation in on-site workshops, while also aiding in the communication of changes in actuarial systems. This ensures clarity and alignment of requirements, fostering collaboration and understanding across the organization
• organizing training sessions: helping to prepare and conduct training sessions for life and health entities, ensuring they have a solid grasp of our guidelines and practices
• contributing to methodological development: working alongside experienced team members to support the further development and refinement of methodological guidelines that are crucial for the reserving of ERGO’s life and health business
• assisting in reinsurance reserving coordination: supporting the coordination of reinsurance reserving under IFRS 17, learning about compliance and best practices along the way
• participating in reserve reviews: assisting in planning and conducting reserve reviews for life and health entities, gaining insight into the financial processes that drive our business
• supporting key contact management: assisting in organizing and managing the actuarial key contacts within ERGO Group, helping to maintain strong relationships across life and health entities
• contributing to quality assurance: helping to collect, structure, and review IFRS 17 closing figures for ERGO’s life and health entities, ensuring accuracy and quality in our reporting
• supporting IFRS 17 processes: providing support to life and health entities during the IFRS 17 closing process and audits, learning about the intricacies of compliance and financial reporting

Skills and experience you will need

• advanced level of English (C1)
• University degree in Mathematics, Business Mathematics or a comparable qualification
• training as an actuary or comparable qualifications
• completed internship in Finance, Insurance or Consulting
• strong organizational and communication skills
• intercultural competence and willingness to work in an international environment
• ability to work in a team
• willingness to think and act independently, autonomously, and entrepreneurially
• willingness to travel internationally
• resilience and openness to change, and innovative working methods
• ability to effectively perform tasks with support from the team

Nice to have

• knowledge of life and health insurance business models