Actuarial Analyst - Luxembourg Job - Insurance

About Luxembourg

Luxembourg is situated at the heart of Europe and is a unique gateway to the European market. Around 70% of the European Union’s wealth is concentrated in a 700-kilometre area around Luxembourg.

Within the financial services sector Banking is the largest employer and recruiter in the Luxembourg economy. The country also has specialised in the cross-border fund administration business and is has a growing insurance centre, which is a source of new Luxembourg jobs.

As Luxembourg's domestic market is relatively small, the country's financial centre is predominantly international.

At the end of March 2009, there were 152 banks in Luxembourg and more than 9,000 holding companies are established in Luxembourg. The European Investment Bank—the financial institution of the European Union—is also located there.

Another advantage of Luxembourg, in terms of an attractive cross border recruitment location, is undoubtedly its lower taxation and social charges compared to other European countries. Across the financial recruitment sector the obvious strategic growth areas for Luxembourg jobs and finance jobs include:

Banking
Accountancy jobs & back office support functions
Fund Management
Fund Administration

Job Specification

This international risk consulting services provider is looking to recruit an Actuarial Analyst to join their European practice based in Luxembourg.

The company provides highly advanced and specialised advice to their clients in the areas of financial and actuarial analytics, risk retention structuring and funding and enterprise risk management. The Actuarial and Analytical consulting services offered by the European practice cover a wide spectrum from loss reserving, risk quantification, premium rating and modelling corporate risk tolerance to DFA analysis and capital adequacy certification.

As an Actuarial Analyst you would be expected to support the Senior Actuarial Consultants in delivering strategic advice and analytical solutions to our client portfolio through data research and quantitative risk modelling. You will provide technical support and use actuarial judgement to derive adequate levels of technical reserves and assess the current year loss ratios for relevant lines of business. In conjunction with stakeholders, you will estimate current and future year’s loss ratio. In this well paid Luxembourg insurance job you will support the assessment of product profitability and the performance of the relevant lines of business. Finally you will use your actuarial skills and judgement to support and challenge the strategy in respect of the relevant lines of business to add value and ensure decisions are soundly based.

For serious consideration for the Actuarial Analyst vacancy you should have an excellent academic record in a quantitative field, preferably actuarial science or statistics. Preference will be given to candidates with a first experience in non life insurance and / or in consulting. Strong analytical and spreadsheet skills are important, as well as some understanding of risk management and insurance. Fluency in English is a must with at least one other European language (French/German/Spanish/Dutch), as the position involves contact with international clients and extensive liaison between groups operations in Europe (Switzerland, Belgium, Germany, Nordic, France and the Netherlands).

The Actuarial Analyst is a very well paid insurance job, combining as it does an excellent salary with a full package of perks and benefits.

For more information on the Actuarial Analyst opportunity or for Luxembourg jobs or other Insurance jobs please contact our Insurance recruitment consultants.

Job Sectors

Banking & Finance Jobs