The National Bank of Belgium (NBB) is seeking actuarial inspectors for insurance supervision
Are you an actuary? Do you have experience in auditing, financial risk management or financial asset management? Do you have sharp critical faculties and an inquiring mind, and are you a good communicator? If so, then the job of actuarial inspector supervising insurance is made for you! The job is dynamic, varied and challenging. The insurance companies inspected are all different, and you will deal with subjects that are constantly changing.
As an actuarial inspector you will be part of a team conducting inspections on the premises of insurance companies. Those inspections deal with the whole range of potential risks for the sector, and may cover technical and financial aspects, but they also concern governance and good organisation. The problems and risks that arise vary from one assignment to the next, and centre on such issues as the calculation of the technical reserves, the profitability of insurance products, and good governance in regard to the use of derivatives for investment management purposes. That gives you the opportunity to constantly expand your knowledge.
An inspection is generally spread over several weeks, during which time you carry out part of the work on the company's premises and part at NBB. On completion of your assignment you inform the company of your findings and recommendations.
As both a member of an inspection team and a team leader you are the primary contact for the company throughout the inspection. You work as one of a group of inspectors with complementary professional experience and profiles (actuaries, economists and lawyers). The team is committed to an open and collegiate culture. Its aim is to achieve concrete, useful results.
The post of actuarial inspector is a responsible job performed in a dynamic and fascinating environment. Every inspection gives you ample opportunity for contact with both officials of the companies concerned and colleagues from the various NBB services involved.
Your main responsibilities: