Department:

Actuarial Department / Finance Transformation / IFRS 17 Project Team

Location:

Paris / London / Frankfurt / (specify location)

Contract Type:

Permanent / Fixed-Term / Project-Based / Consultancy

POSITION OVERVIEW:

As a Reserving Actuary involved in the IFRS 17 Project, you will contribute to the design, implementation, and validation of reserving methodologies and actuarial processes aligned with the IFRS 17 accounting standard. You will work cross-functionally with finance, accounting, IT, and risk teams to ensure the accuracy, compliance, and operational readiness of IFRS 17-related actuarial deliverables.

KEY RESPONSIBILITIES:

Lead or support the development and validation of reserving methodologies under IFRS 17 (e.g., BBA, PAA, and VFA approaches).

Contribute to the implementation of actuarial models and calculation engines for Best Estimate Liabilities (BEL), Risk Adjustment (RA), and Contractual Service Margin (CSM).

Perform reserving calculations and support the transition from IFRS 4 to IFRS 17.

Ensure actuarial assumptions and inputs are consistent, well-documented, and validated in line with regulatory and internal requirements.

Work closely with Finance and Accounting to align reserving outputs with financial reporting needs under IFRS 17.

Collaborate with IT on data quality, model integration, and system design/testing.

Document models, methodologies, and governance processes in accordance with audit and regulatory expectations.

Support internal and external audits, risk reviews, and stakeholder reporting related to IFRS 17 reserves.

Monitor the evolution of IFRS 17 interpretation and market practices and adjust the actuarial processes accordingly.

PROFILE REQUIRED:

Education:

University degree in Actuarial Science, Mathematics, Statistics, Finance, or related field.

Qualified or nearly qualified actuary (e.g., IFoA, DAV, IA, or equivalent).

Experience:

3+ years of experience in actuarial reserving or technical provisions in insurance (life, non-life, or health).

Proven experience working on or contributing to IFRS 17 implementation projects is highly desirable.

Experience with Solvency II and other regulatory frameworks is a strong advantage.

Technical Skills:

Solid understanding of IFRS 17 measurement models (BBA, PAA, VFA).

Proficiency with actuarial software (e.g., R, Python, Prophet, RiskIntegrity, ResQ, or equivalent).

Good understanding of insurance accounting, financial reporting, and data flow processes.

Advanced Excel skills; knowledge of SQL and/or data integration tools is a plus.

Soft Skills:

Strong analytical and problem-solving skills.

Excellent communication and documentation abilities.

Ability to work collaboratively in cross-functional project teams.

Adaptability and motivation to work in a project-driven, transformation context.

LANGUAGES:

Fluent English (written and spoken) is required.

Knowledge of French, German, or local business language is a plus.

CAREER DEVELOPMENT OPPORTUNITIES:

Move into senior actuarial roles in reserving, reporting, or risk.

Broaden scope into finance transformation, accounting policy, or regulatory affairs.

Exposure to international insurance accounting standards and cutting-edge actuarial modeling tools.