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Senior Reserving Actuary - Non-Life

VIG Re

's-Hertogenbosch
Full-time
2-5 years experience
On-site

Key Skills

Non-Life Reserving
Actuarial Modelling
Reinsurance
Solvency II
IFRS 17
Partial Internal Models
Financial Planning
Portfolio Analysis
Asset Liability Management
Python
SQL
Power BI
Power Query
ResQ
Data Analysis
Process Automation

Job Description

We are seeking a Senior Non-Life Actuary to join our international actuarial team in Prague. In this role, you will contribute to advanced actuarial modelling, reserving, and financial steering within a dynamic reinsurance environment. You will collaborate closely with Underwriting, Risk, and Finance to deliver high‑quality insights supporting business performance and regulatory compliance. This position offers the opportunity to work on complex portfolios while shaping actuarial methodologies and processes within a growing organization. What You Can Expect Responsibility for advanced actuarial modelling and methodology development, including implementation and validation of complex non‑life reinsurance models Preparation and analysis of technical provisions under Solvency II and IFRS 17 frameworks Contribution to financial planning and portfolio analysis, including identification of key profitability drivers Preparation of liability inputs for Asset Liability Management (ALM) and understanding their impact on capital and financial results Ownership and enhancement of actuarial tools and models, including continuous improvement and automation initiatives Actuarial assessment of complex reinsurance treaties, including non‑standard cases Active participation in Partial Internal Model (PIM) development, validation, and application Contribution to process optimization, digitalization, and data-driven improvements across actuarial activities Close collaboration with Underwriting, Risk Management, Controlling, and IT, ensuring alignment across functions Opportunity to mentor junior colleagues and support knowledge sharing within the team What We Expect Degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field At least 3 years of experience in non-life actuarial techniques with non-life reserving calculations, experience with reinsurance is an advantage Strong working knowledge of regulatory frameworks - IFRS 17, Solvency II, and potential local GAAPs or local regulatory standards Familiarity with standard reserving tools (e.g. ResQ or similar) Solid programming and data skills (Python, SQL, Power BI or comparable tools), Power Query is an advantage Proficiency in the Office365 suite for daily reporting and collaboration Strong analytical and problem‑solving skills with attention to detail Ability to work independently on complex topics while contributing to team collaboration Strong communication skills with the ability to engage with both actuarial and non‑actuarial stakeholders Proactive and structured approach, with interest in process improvement and automation What We Offer A role with exposure to complex international reinsurance portfolios Opportunity to work on advanced actuarial models and regulatory frameworks A collaborative, cross‑functional environment with strong interaction across business areas Continuous learning and development opportunities, including exposure to modern actuarial tools and data platforms A dynamic and international workplace within a growing reinsurance company A supportive environment encouraging innovation, automation, and professional growth

Core Responsibilities

Develop, implement, and validate non-life reinsurance models; prepare technical provisions under Solvency II and IFRS 17; and contribute to financial planning, portfolio analysis, and ALM. Enhance actuarial tools and processes, assess complex treaties, support Partial Internal Model development, and collaborate with business functions while mentoring junior colleagues.

Requirements

A degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field and at least three years of experience in non-life actuarial techniques and reserving are required; reinsurance experience is an advantage. Candidates should know IFRS 17 and Solvency II, be familiar with reserving tools, have programming and data skills such as Python, SQL, or Power BI, and demonstrate strong analytical, communication, and collaboration skills.

Benefits

  • Continuous Learning And Development Opportunities
  • Professional Growth

About VIG Re

Industry: Insurance

Company size: 201-500 employees

VIG Re is a leading European reinsurer with an expanding presence in Asia and a proud member of Vienna Insurance Group (VIG), one of the strongest insurance groups in Central and Eastern Europe. Established in 2008, VIG Re combines financial strength, technical expertise, and long term partnership to support insurers in an increasingly complex risk environment. Offices in Prague, Munich and Paris, and representative office in Singapore, VIG Re provides Non Life and Life reinsurance solutions to more than 650 clients in almost 70 countries. The company has maintained an A+ rating from Standard & Poor’s since 2009, with a “positive outlook” reaffirmed in 2025. VIG Re has been certified a Top Employer in 2025 and 2026. This recognition is a direct result of the positive experiences shared by VIG Re employees. We stand for stability, disciplined underwriting, and client centric solutions. Its diverse, multicultural team of more than 40 nationalities operates under the shared values of Passion, Partnership, and Performance, united by the #oneVIGRe culture. With the launch of its new strategy VIGRe28 – Strengthen. Expand. Accelerate., VIG Re is focused on deepening client relationships, expanding into high growth markets, and accelerating through digitally enabled, data driven reinsurance expertise.

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