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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 

Interested in this position?

Apply now!

Why work with us?

Let&s be fit

We realize that most of us need assistance to stay in shape and good health. That's why we provide every employee with a medical package coverage and co-finance a sports card. Additionally, we support a number of sports sections, and, you can even join our yoga team in the summer to practice yoga on the roof!

Let&s be balanced

Work-life balance is essential for us. That's why we offer our employees flexible working hours, pet-friendly offices, and if you would like to stay with your pet at home, a remote work environment. However, it won't be easy to stay at home with our in-office gaming room.

Let&s be smart

Staying up-to-date with all the new systems and technologies is not an easy task. That's why we have an extensive training and workshops offer, both in-house and with external providers. We organize hackathons and meetups, which are an excellent opportunity for our specialists to showcase their expertise. On top of that, we offer digital learning platforms, language courses, and a library.

Let&s be responsible

We love to see the difference we make together with our CSR projects. That's why we are always open to new projects, and we would love to include you in our next charity event!

Let&s be fun

At ET&S we love not only to work but also relax together. Sports events like company-wide bike race, or maybe a film marathon in our cinema room? Don't worry; we got it covered! Maybe you have a passion and would love to make an event out of it? Sure! We will help you!

Let&s be diverse

At ET&S we create a working environment free of prejudice and exclusion. Each member of our team can experience being valued, regardless of his or her gender, nationality, religious beliefs, disabilities, age, and sexual orientation or identity. Your wide range of qualifications, experiences, and ways of thinking are of great benefit to us!

Get to know us better

Check how it is working at ERGO Technology & Services

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