DKV is part of the international Munich Re Group, one of the world's largest reinsurers. Working for DKV means working for the Belgian market leader in private health insurance.
It also means striving for values such as customer and result orientation, integrity and involvement (organisational commitment). We are building an open and inclusive corporate culture based on trust, teamwork, transformational leadership and a sense of initiative.
Together, we put these values into practice every day to further strengthen the trust of our two million policyholders.
Mission
The Head of the Actuarial Department is a senior management role within the company, leading and managing the Actuarial Department. The Head of the Actuarial Department, reporting directly to the CFO, has an important contribution to a wide range of activities within the organization and has a significant impact on company decision making and setting strategy. He or she therefore works closely as a business partner with other senior management roles at DKV Belgium and with actuarial review teams at ERGO Group.
The Actuarial Department (in total 11 FTE) consists of the Valuation Team and the Pricing Team, both with dedicated Managers. The Head of the Actuarial Department ensures the efficient functioning and organization of the department for activities related to actuarial product pricing and profitability (for both individual and group insurance) and related to actuarial reserving (for closing, planning and forecasting purposes under BGAAP and IFRS17 accounting standards).
The Head of the Actuarial Department also presents the results of all these activities in the respective governance bodies.
Key Responsibilities
- Lead the Actuarial Department, including pricing, reserving, and forecasting.
- Develop and implement actuarial policies and procedures that align with the organization's strategic objectives.
- Collaborate with underwriting, product management and other stakeholders to develop and implement pricing strategies that balance profitability and market competitiveness.
- Provide analysis on the adequacy of reserves, in different accounting standards.
- Develop, maintain and support actuarial models and tools for strategic decision-making.
- Stay up-to-date with industry trends, regulatory changes, and emerging risks, and provide guidance to senior management on their implications.
- Build and lead a high-performing actuarial team, including hiring, training, and development.
Profile
The ideal Head of the Actuarial Department:
- has an actuarial master’s degree or equivalent by experience, and has 10+ years of relevant experience with a proven track record of leadership and strategic thinking;
- is able to efficiently lead and manage the department, has strong people management skills and can coach and delegate to the team Managers;
- establishes functional objectives for the team Managers in line with organizational objectives;
- can think strategically and has insight in / oversight of all actuarial aspects and their impact on business;
- has the ability to clearly communicate on complex topics in order to explain actuarial results and business impacts in an understandable manner to all stakeholders (management, actuarial function, Group, auditor, regulator,…);
- is able to understand all applicable actuarial pricing and reserving techniques, including IFRS 17. Specific knowledge of the business (Health Insurance) is considered as a plus;
- is fluent in English and either Dutch or French, both orally and written.
We offer:
At DKV we offer you a varied job with growing opportunities (thanks to trainings, coaching, projects and internal mobility) and all this in the heart of Brussels (close to the Grand Place and the central station).
Besides a competitive gross salary, we offer an extensive standard package of extra-legal benefits:
- year-end premium (13th month)
- competitive insurance package (hospitalization insurance, ambulatory insurance, guaranteed income insurance and pension plan)
- discount on DKV insurance products
- free public transport
- meal vouchers
- eco cheques
- gift voucher
- collective company premium (CLA 90)
- internet allowance
- homeworking allowance
Moreover, you can also count on an attractive leave scheme (at least 31 days), flexible working hours and the possibility to homework up to three days a week. This way of hybrid working guarantees you a good balance between work and your private life.
We are an equal opportunity employer. All aspects of employment are based solely on performance, competence, conduct, or business needs. If you require any support or access requirements, we encourage you to advise us at the time of your application so that we can make any reasonable adjustments needed to support you through your recruitment journey.
