Aegon Life - Assistant Manager/Manager - Actuarial & Risk

Job Description :

Aegon Life Insurance Company is seeking to fill a position within its Actuarial & Risk department which will oversee actuarial modeling and will assist in executing financial risk management initiatives.

This role will provide opportunities to :

- Work across multiple actuarial disciplines in a dynamic business environment

- Understand and implement modern market-consistent valuation and quantitative risk management techniques

- Bridge both sides of an insurance company's balance sheet (assets & liabilities)

- Support management in making important business decisions

- Develop a sound understanding of business operations from point of sale to policy cessation

- Work closely with other teams within Aegon Life, as well as Aegon's Financial Risk Management team in Hong Kong.

Key responsibilities include, but are not limited to :

Actuarial Modeling :

- Oversee maintenance of a timely, accurate, well-documented, and comprehensive valuation modeling process, including annual updates and user acceptance testing

- Work closely with the Reporting team to explain modeling results to the Appointed Actuary as needed

- Work closely with the Pricing team to ensure consistency between valuation and pricing models

- Identify opportunities for improvements in modeling & process efficiency

Financial Risk Management :

- Asset/liability management strategy development, execution, and reporting

- Risk strategy development, including setting of risk budgets and risk tolerances

- Model validation

- Risk policy development and implementation

- Product development and review

- Participate in risk management committees, including the Asset/Liability Management Committee and the Risk and Capital Committee

- Promote a sound risk culture within Aegon Life

Position Qualifications :

Required :

- At least 5 years of modeling-focused work experience

- All Core Technical (CT) series actuarial exams cleared

- Knowledge of different types of insurance products and liability modeling

- Strong knowledge of Prophet actuarial modeling software

- Strong knowledge of MS Excel & VBA

- Strong attention to detail, as well as strong oral and written communication skills

- Strong project management skills and tolerance for ambiguity

Desired :

- Familiarity with financial risk management concepts, investment mathematics, and related technical skills

- Database skills (e.g. Oracle)

- Ability to develop and implement automated processes to improve efficiency and accuracy