Europæiske Rejseforsikring is looking for a Reserving Actuary

As our reserving actuary, you will join a small but dynamic team, working closely with the Finance Team that manages Accounting, Controlling, Risk Management, and Financial Reporting & Planning for Europæiske ERV’s activities in Denmark and Sweden. You will report directly to the Head of the Actuarial Department and collaborate with passionate and experienced colleagues. Your role will also involve close interaction with and participation in international projects, such as those with the Central Reserving Team at ERGO, the owner of Europæiske ERV.

The Role

As part of the Actuarial Department, which includes the Actuarial Function and the Reserving Team, you will work within a larger expert network. You will receive overall models and standards from ERGO, which you will adapt to local market needs and trends. In addition to project work and recurring tasks, you will be an active driver in ensuring IFRS17 reporting. Key responsibilities include:

• Maintaining and further developing our reserving models.
• Supporting and cooperating with our Underwriting Department.
• Supporting the Finance Department in participating in regular SII, IFRS17, and local GAAP calculations and reporting, e.g., Risk Margin calculations.
• Collecting and structuring requested material for interim/annual external audits and ad hoc internal audits.
• Regular run-off reporting.

The Profile

We are looking for a dedicated and independent actuary who thrives in a balance between detailed analysis and interaction with others. You should be motivated by supporting others and sharing and receiving professional input. Effective communication to both technical and non-technical audiences is crucial. You should approach tasks with critical analytical skills and be open to opportunities and new perspectives. We are looking for a versatile individual who is still curious about personal and professional development.

Preferred Qualifications:

• Education: Master of Science in Actuarial Mathematics or similar degree.
• Experience:
  • Calculation of insurance technical reserves, preferably in non-life insurance.
  • Accounting principles according to DK/SWE GAAP and IFRS17.
  • Working with ResQ or other reserving tools.
• Skills:
  • Effective communication with both technical and non-technical audiences.
  • Fluent in English, both orally and in writing.

How to Apply

For more information, please contact:

• Frederikke Horn, Head of the Actuarial Department at +45 3030 3654.
• Carsten Andersen, HR Business Partner at +45 2041 8275.

Please upload your motivation letter, resume, and relevant diplomas as soon as possible and no later than 10th December 2024. We review applications and interview candidates on an ongoing basis.

About Europæiske ERV

Europæiske ERV is the largest and oldest travel insurance company in Denmark. As part of ERV and ERGO International, we have over 100 years of experience in providing security and safety for travellers. Most Danish leisure and corporate travellers take out their travel insurance with Europæiske ERV, a trust achieved by ensuring personalized and rapid assistance from experts, no matter where you are.

Europæiske ERV’s Core Business:

We specialize in travel insurance for private customers in the leisure market (BtC, BtBtC) and the corporate market, including health insurance for employees stationed abroad. Our direct business focuses on Sweden and Denmark, with additional activities in Norway and Finland through insurance professionals and distribution partners.