Quantitative Risk Modeler, Non-Life Capital

NN; Den Haag; On-site; EUR 60,000 - 79,000; Full time

Benefits offered by this job

13th month

Holiday allowance

27 vacation days

BeFrank pension

Training opportunities

NS Business Card 2nd class travel

Home office and internet allowances

Job summary

NN Group N.V. is seeking a Risk Model Developer to build and maintain non-life risk models that influence Solvency Capital Requirement calculations and strategic decisions.

You will combine insurance data analysis with quantitative modelling and clearly justify methodologies to reviewers and users. You will work with a team of nine professionals and engage with Finance, Actuarial Function Holder, Model Validation and other stakeholders to ensure robust model governance and implementation.

Qualifications

• Master’s degree in Econometrics, Mathematics, Actuarial Science or a comparable quantitative discipline, plus relevant experience in modelling and capital modelling.
• Strong understanding of statistical and quantitative modelling methods with ability to develop methodologies, assumptions and expert judgements.
• Experience with Python or similar quantitative programming languages and ability to review model implementations.

Responsibilities

• Analyse historical insurance data and assess data completeness, accuracy and representativeness for internal model purposes.
• Develop, calibrate and substantiate quantitative model methodologies, assumptions and expert judgements.
• Assess model performance through sensitivity analyses, backtesting, and document methodology and calibration clearly.
• Explain and substantiate methodological choices, assumptions, limitations and model results to stakeholders, including actuarial users and reviewers.
• Understand and critically review the technical implementation of the models, including Python code, and develop shadow tooling and controls.

Skills

Quantitative modelling

Data analysis

Stakeholder communication

Statistical methods

Python programming

Education

Master’s degree in Econometrics, Mathematics, Actuarial Science or comparable quantitative discipline

Tools

Python

Job description

NN Group N.V. is seeking a Risk Model Developer to build and maintain non-life risk models that influence Solvency Capital Requirement calculations and strategic decisions.

You will combine insurance data analysis with quantitative modelling and clearly justify methodologies to reviewers and users. You will work with a team of nine professionals and engage with Finance, Actuarial Function Holder, Model Validation and other stakeholders to ensure robust model governance and implementation.