Job | Junior Risk Officer | Brussel

Looking for a new challenge in quantitative risk management? Look no further, we have just the job for you.

DKV Belgium, a loyal partner in insurance, but there’s more than meets the eye —we’re a dynamic team of around 500 engaged colleagues driving digital transformation. As part of the international Munich Re Group, we proudly lead private health insurance in Belgium, supporting our clients during good and difficult times. You will arrive in an environment where everybody is able to be who they are, where you can get the most out of yourself day in and day out, with the support of your colleagues.

Together, we put our values of success, diversity, collegiality, and development into practice every day to strengthen the trust of our two million clients.

Sounds like a plan? Continue reading!

What the key tasks will look like:

As a (quantitative) Risk Officer you contribute alongside the Risk Management team in various aspects of risk management, such as calculating provisions and capital requirements, , modelling, quantitative and actuarial analyses, documentation of processes, risk assessments, while also supporting larger projects. You will help to ensure financial stability, informed decision-making and ultimately you will support DKV’s ability to provide reliable coverage and maintain trust with its clients.

More in detail, you will ensure/collaborate on the following tasks and responsibilities:

• Calculation of the technical provisions, including calibration of the underlying assumptions
• Calculation of the risk capital requirements
• Documentation of the processes, including assessment of risks and controls
• Documentation of the calculation models, which serves as input for validation by the Actuarial Function
• Analysis and implementation of model changes
• Analysis of risk mitigating measures and techniques
• Follow-up and implementation of recommendations from the Actuarial Function

Your analyses will contribute to a higher level of understanding of the figures and their evolution.

You also provide support for larger projects within the risk management department (internal and external).

About you: your skills and competencies:

• You are an early-career actuary eager to grow your expertise in a solid environment, or you have a mathematical-economic background.
• You are familiar with the use and principles of actuarial techniques and models and are interested in developments in modelling, risk management and analysis.
• You have a foundational knowledge in modelling.
• You have knowledge in Solvency II regulation and ALM, or you’re eager to learn about it
• You have an analytical mind and can translate figures and abstract analyses into concrete information. You are versatile in the diverse quantitative risk areas and can prepare analyses.
• You feel comfortable about coding in R with which you will ensure the tool updates.
• If you know the Prophet modelling software for cash-flow projection, it’s a plus.
• You communicate easily, clearly, both orally and written. Excellent English (oral and written) is required. In addition, you are fluent in Dutch or in French.
• Working collaboratively in team is something that energises you. You will have a key supporting role to help keep the team up and running.
• If you have some experience in the Belgian insurance sector and within the health insurance field, we’re happy. But if not, and you’d love to explore a new field, we’re also happy to see your application!

Want to grow with us?

At DKV we offer you a varied job with growth opportunities (thanks to training, coaching, growth projects, and internal mobility) and all this at a prime location in the heart of Brussels.

Besides a competitive gross salary, we offer an extensive standard package of extra-legal benefits such as:

• insurance package (hospitalization, ambulatory insurance, guaranteed income insurance, pension plan)
• a year-end premium, collective company premium, and individual bonus
• meal and eco vouchers
• internet and homeworking allowance

Moreover, you can count on an attractive leave scheme (up to 34 days), flexible working hours, and the possibility to work from home 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.