Oversight & Reporting Actuary

Your advice is to the point, very concrete and pragmatic. In this very varied job, you present your solutions to all stakeholders with clear pros and cons. That’s how you make a difference for our management: helping them to benchmark the NN’s risk management practices and processes.

What you are going to do

The most exciting part of this job is the multi-scope role you will have. As an actuary, you will contribute to the execution of the central Actuarial Function within NN Group, and coordination of Actuarial Function across business units. In addition, you are the advisor on actuarial matters to the business units and relevant NN Group stakeholders.

Your contributions to the group actuarial reporting are aimed to provide clear and actionable insights from the actuarial reports to the Group Chief Actuary and other group stakeholders, and you initiate process improvements to increase efficiency and automation.

The business units can also count on your clear advice on topics like Solvency II and IFRS17, models and assumptions, technical provisions, underwriting, reinsurance, ORSA, and more.

Our Actuarial Reporting and Oversight team focuses on:

• Coordination of Actuarial Function across NN Group, including Group opinions
• Strengthening the actuarial function/community within the Group, enabling best practice sharing
• Actuarial oversight of business units, focusing on reserving, underwriting and reinsurance practices in the units
• Actuarial reporting of new business and solvency ratio insights
• Ownership, maintenance, group-wide implementation, and advisory role on actuarial policies and standards (best estimate assumptions, market value of liabilities, Own Funds Movement Analysis, Operating Capital Generation, IFRS17 implementation, sustainability, etc.)
• Actuarial advice on various (strategic) matters to business units and Group stakeholders
• And we do a lot more, which gives you great opportunities to develop even further

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 €4.686 and €6.694 (based on 36 hours) depending on your knowledge and experience
• 13th month and holiday allowance are paid with your monthly salary
• 27 vacation days for a 5-day working week and one Diversity Day
• 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 traveled
• Allowances for setting up your home office and for internet use
• We work hybrid at NN. Together with your team, you decide where, how, and when you work. The official location of this job is The Hague

Who you are

You feel at home in a fast-paced, evolving business and technical environment. As a driven person, you have the mentality to get things done and to connect with others to succeed in your role. We can describe you as a team player with a strong sense of ownership who is interested in intellectual challenges, and who is concise and biased towards efficiency. You also have:

• An academic bachelor's/master’s degree in Econometrics, Actuarial Science, or other quantitative degree
• A minimum of 3 years of experience gained in life or non-life insurance and experience in actuarial valuation and/or reporting (with a focus on Solvency II and IFRS17)
• Strong analytical and numerical skills to challenge and explain Solvency II results and IFRS17 results
• Excellent verbal and written communication skills and the ability to communicate with senior stakeholders and auditors

Your responsibilities:

• You will participate in the analysis, review and reporting of actuarial metrics, for internal and external purposes on a recurring basis
• You will design/create, maintain/update and advise/guide on actuarial reporting methods, methodologies, policies, and standards
• You maintain/update the tools, reporting processes and requirements for actuarial metrics
• You contribute to the actuarial data-driven oversight of the NN Business Units

Who you will work with

You become part of our 8-person team, including a trainee. We are quite the international team with 4 different nationalities with a wide range of actuarial experience.

We work in a hybrid way where we combine working in the office with working from home. We have a fixed day in the office to meet the colleagues in the team and other days in the office depend also on your cooperation with other colleagues within NN.

Our Actuarial Reporting and Oversight team is part of the Chief Actuary Office of NN Group. As a member of this team, you will contribute to the execution of the Actuarial Function within NN Group. The Actuarial Function is mainly responsible for the technical provisions of NN Group across the different balance sheets and related metrics.

Any questions?

If you have any questions about the vacancy, you can reach out to Danitscha Vrolijk-Mahadew, Senior Talent Acquisition Specialist, via danitscha.vrolijk.-.mahadew@nn-group.com.