Cash Flow Modelling Actuary

Your future company

NN RAS (Risk and Actuarial Services) is a Centre of Excellence for NN Group, focusing on top quality and efficient solutions. We serve as an internal centre of consultancy, training, innovation and automation. We support various quantitative departments at NN Head Office in the Hague (the Netherlands) and NN subsidiaries all over Europe.

Due to the increasing demand from Business Units and Head Office, the NN RAS team – operating with around 100 people – is in a continuous and dynamic growth. Actuaries, mathematicians, data scientists, physicists and software engineers form the multinational team of NN RAS.

We care for employee satisfaction with high levels of empowerment, plenty of development opportunities, focus on healthy work-life balance and modern working conditions.

NN RAS provides support in 5 professional areas as an internal consultancy: Economic Scenario Generation (ESG), Quantitative Development, Software and Data Engineering, Cashflow Modelling and Actuarial Consulting (including Model Validation).

There are also various project teams being formed for actual insurance-related matters to help NN stay a pioneer in its industry, such as the IFRS17 project team. NN RAS now opens a position to a Medior Consulting Actuary, with Cashflow Modelling focus. In this role you will be involved in supporting NN Group’s Head Office and local entities risk and actuarial departments in specific temporary or regular activities.

You will have a unique opportunity to leverage your proven expertise in modelling techniques and extend your business knowledge of various banking and insurance products and in financial reporting regimes.

What we are looking for

• University degree in Econometrics, Financial Mathematics, Actuarial Sciences or related discipline
• At least 3 years of work experience in working in an actuarial function, in various fields
• Basic understanding of actuarial or financial reporting regimes (e.g. Solvency II, IFRS17)
• Good understanding of insurance products
• Ability to analyse data and make informed decisions
• Ability to builds cashflow models using Excel, some experience with cashflow modelling specific software (e.g. R3S, Prophet, RAFM,…)
• Tech savvy (actuarial software, programming, IT solutions)
• Basic knowledge of Python and/or R and/or SAS is an advantage
• Good analytical and communication skills in English, both oral and written
• Ability to set realistic deadlines and allocate time effectively - with the willingness to adjust schedule upon necessity
• Effective team-player
• Client- and solution-oriented mindset

You can develop yourself in the following areas

• Providing actuarial consultancy support for all NN Group’s entities (Head Office & Business units) through wide range of activities, such as
  • Cashflow modelling
  • Testing
  • Model validation
  • Reporting
  • Pricing
  • Process automation
• Good communication with all relevant stakeholders, mainly in English

What we can offer

• Becoming part of an enthusiastic, flexible, international team with professional and expert colleagues
• Exciting challenges within a multinational work environment
• Plenty of opportunities to develop yourself in various expertise areas
• Competitive compensation scheme
• Modern and informal working conditions with room for individual choices
• International development possibilities
• flexible/hybrid working environment