Job Details

Life Actuary Manager - Risk Dynamics

Brussels, WI

Job ID:


Job Description

You’ll be based in Brussels as a part of Risk Dynamics, primarily focused on projects in Europe.

Since 2004 Risk Dynamics has built an international reputation for independent model validation. Risk Dynamics’ advisory work currently serves banking, insurance and financial market clients. When delivering a project, we strive to advance our client’s understanding of both well-established and emerging modelling and risk management techniques. As such, team members must be capable of analyzing client-specific needs and generating accurate, effective and pragmatic recommendations. This work is supported by Risk Dynamics’ proprietary knowledge as well as by new approaches co-developed with our knowledge partners in McKinsey and the academic community.

You will work closely with the partner in charge of the insurance service line and support both the Risk Dynamics and McKinsey insurance practice leadership in providing services to their clients.

Your goal will be to build a strong life insurance business service line within Risk Dynamics encompassing Validation, Model Risk Management and advanced analytics services.

You will independently develop client relationships and provide support to Risk Dynamics and McKinsey leadership in this respect. When needed, you will appropriately challenge client practices which includes generating precise and effective written responses to formal Requests for Information/Requests for Proposals. You will provide day-to-day operational leadership to a global team of life insurance actuaries together with other project managers responsible for managing life insurance projects and the partner in charge of the insurance service line.

We expect you to formulate clear, logical and succinct written reports and recommendations highlighting areas of concern and possibilities for improvement. We would like you to lead the development of proprietary analytical tools together with other senior life insurance actuaries.

Your responsibility will be to define, organize and deliver agreed consulting work plans that respond to the client’s identified need and in the same time to ensure output quality, cost control and on-time delivery.

You will be guiding and developing the skills of less experienced colleagues, maintaining an up-to-date and accurate understanding of the regulatory context. This includes developing papers and presenting firm views at internal and external conferences.

  • Master’s or PhD degree in actuarial sciences or an equivalent statistical, financial or mathematical qualification
  • 10+ years of experience in risk management, quantitative modelling, and /or auditing applied to the insurance field
  • Demonstrated sound senior executive influencing skills gained through senior leadership roles in either consulting or industry
  • Sound consulting capabilities developed through a successful track record within a Tier 1 consulting firm
  • Entrepreneurial drive essential for developing a successful life insurance service line
  • Leadership capabilities to inspire and manage a global team of life insurance actuaries
  • Excellent knowledge of continental European life insurance products from a business and modelling perspective.
  • Familiar with the testing, development and/or validation processes used for life insurance models (pricing, valuation and risk modelling)
  • Fluency with analytical vendor software packages (i.e. Prophet, Moses, GGY Axis etc.) and SAS would be particularly useful
  • Capable of analysing a client’s business context, modelling and risk management needs
  • Track record of organising their work and making insightful, written contributions. This includes oversight over end products delivered to clients
  • Capable of multi-tasking, adapting to rapidly changing client contexts and managing their time appropriately
  • Excellent spoken and written business English; Spoken and written knowledge of one additional European language (French, Dutch, Italian or German) is required

Similar Jobs