Karrier Portál

Actuarial Analyst (Economic Scenario Generation)

Budapest

Challenges

  • 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 more than 40 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, Modelling & Scripting, Cashflow Modelling and 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.
  • Now we are hiring to extend our 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗦𝗰𝗲𝗻𝗮𝗿𝗶𝗼 𝗚𝗲𝗻𝗲𝗿𝗮𝘁𝗶𝗼𝗻 (ESG) team with an 𝗔𝗰𝘁𝘂𝗮𝗿𝗶𝗮𝗹 𝗔𝗻𝗮𝗹𝘆𝘀𝘁.

What matters to you

  • Are you interested in the stochastic valuation of financial instrument? Do you have an analytical mindset and an eye for detail? Then you will certainly enjoy your daily tasks in the ESG Team!
  • Perform calibration of stochastic financial mathematical models of interest rates, equities, and FX rates, using current market data like swap prices, swaption volatility surfaces, equity indices, and FX rates
  • Generate risk-neutral economic scenario sets for regulatory purposes (Solvency II, replicating portfolio for NN Group’s SCR internal model, movement analysis and market-consistent valuations under IFRS)
  • Create non-standard risk-neutral and real-world scenario sets for pricing, ALM, ORSA and other regulatory purposes
  • Perform quality checks like martingale tests, goodness of fit, and correlation tests
  • Maintain and enhance data enrichment tools used e.g. to calculate Volatility Adjustment and to bootstrap interest rate curves
  • Good communication with relevant stakeholders in entire NN Group, mainly in English

What matters to us

  • We are definitely looking for you, if you recognize yourself in the following lines.
  • University degree in Econometrics, Financial Mathematics, Actuarial Sciences or related discipline
  • Strong problem-solving skills
  • Minimum 2 years of work experience in an actuarial or finance function
  • Attention to detail, good analytical and communication skills in English, both oral and written
  • A pro-active team player that can also operate as an independent professional, is self-sufficient in prioritizing and doesn’t need guidance in the day to day business
  • Programming experience in Python and/or R is an advantage

Build your business at NN! Why is it good for you?

  • Challenging opportunity within an exciting multinational, yet informal work environment
  • Plenty of opportunities to develop yourself: skills and development are high priorities at NN RAS
  • Becoming part of a hard-working, international team with professional and expert colleagues
  • Modern working conditions with room for individual choices
  • International development possibilities
  • Competitive compensation package
  • Amazing company events: yearly Christmas party, team buildings, game nights,…

Are you ready? Apply to us!

  • In case you are interested in the position, please register and send your CV via our Career Portal or to balogh.edina@nn.hu e-mail address.
  • Your files will be handled confidentially.

Details of position

Job ID: 2557
Position name: Actuarial Analyst (Economic Scenario Generation)
Place of work: Budapest
Job contract type: Permanent contract
Daily work hours: 8

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