Karrier Portál

Quantitative Model Developer



  • 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 60 people – is in a continuous and dynamic growth. Actuaries, mathematicians, data scientists, physicists and software developers 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 Modelling & Scripting team with a Quantitative Model Developer.
  • In this role you will be responsible for participating and driving quantitative model and process developments, mostly in Python and R language. You will face several different short- and long-term projects coming from any departments of the company with an intensive programming and modelling request, where you will have the opportunity to creatively design solutions and implement them as software from scratch.

What matters to us

  • If most of the following bullet-points describes you perfectly, our Modelling & Scripting team could definitely use a talent like you!
  • Quantitative model developer background with 2-5+ years of experience
  • Strong programming knowledge, advanced experience with Python and/or R
  • Experience with Excel and VBA
  • Modelling experience gained in the area of finance, banking or insurance
  • On the personal side: good communicational skills, creativity, innovation, cooperative attitude, solution & customer-oriented thinking
  • Experience with Version Control Systems and pipelining (CI/CD, Gitlab, AWS, Azure DevOps, …) is an advantage
  • Experience with databases, knowledge of SAS, SQL, Access is an advantage
  • Experience in web service development is an advantage

What matters to you

  • Why would you be satisfied with only working with old and Excel-based processes when there are so much more that you can achieve with your skills? Go for more! Join us and be an active part of the full chain!
  • Design and develop models in Python and R, based on business requests
  • Gain business knowledge and implement any R&D ideas
  • Work proactively in an agile team
  • Maintaining our products, testing framework and services
  • Support of users and relevant stakeholders in model usage and understanding, in English

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

  • NN RAS is not providing you a job, but an environment to give your innovation ideas in software engineering a route at a huge insurance company, having inexhaustible fields to develop.
  • Challenging projects within an exciting multinational, yet familiar work environment
  • Plenty of opportunities to develop yourself: skills and personal development are high priorities at NN RAS
  • Becoming part of a hard-working, international team with professional and expert colleagues
  • Outstanding career opportunities – including mid-term opportunities to work abroad
  • Competitive compensation package
  • Opportunity to have and give trainings
  • Modern working conditions with room for individual choices (brand new office building, ergonomic equipment, flexibility in working hours, opportunity to work remotely, etc.)
  • Several team-buildings and optional community events (board-game nights, pancake-breakfasts, Christmas dinner, etc.)

Are you ready? Apply to us!

  • In case you are interested in the position, please register and send your CV via our Career Portal.
  • Your files will be handled confidentially.

Details of position

Job ID: 2593
Position name: Quantitative Model Developer
Place of work: Budapest
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