Offer summary

Qualifications:

Proven experience in actuarial or risk modelling., Strong analytical skills with knowledge of complex insurance products., Proficiency in at least one high-level programming language and understanding of coding standards., Excellent communication skills in English and ability to work independently..

Key responsibilities:

Review and analyze actuarial models for accuracy and compliance.

Identify model risks and suggest process improvements.

Collaborate with international teams to develop best modelling practices.

Contribute to building a new actuarial risk team and expertise.

Job description

This position offers an exceptional opportunity for an experienced actuary to work with some of the most advanced and complex life and health actuarial models in the insurance industry. A newly formed actuarial team is being established to provide high-level advisory services on model risk and model development to a key international partner.

As a Senior Model Risk Actuary, you will work on a wide range of insurance products, from Long-Term Care to variable and fixed annuities and financial guarantees. You will engage with diverse actuarial modelling tasks, including dynamic assumption setting, machine learning techniques, traditional cash-flow modelling, and mortality improvement analysis.

Key responsibilities include:

Reviewing and analysing actuarial models for accuracy, auditability, scalability, and compliance with internal standards
Identifying model risks and advising on process improvements
Collaborating with cross-functional and international teams
Providing insight and contributing to the development of best-in-class modelling practices
Participating in building a new centre of actuarial expertise

Requirements

Demonstrated experience actuarial modelling or risk modelling
A proactive, self-driven, and solution-oriented approach
Excellent communication skills in English
The ability to work independently and as part of a global team
Proficiency in at least one high-level programming language and understanding of coding standards
Familiarity with actuarial modelling software (such as AXIS, RAFM, MoSes, Prophet) is highly desirable
Prior audit experience and/or international exposure is an advantage
Experience in mentoring or people management is considered a plus

Benefits

Flexible working hours and the option for hybrid or full remote work
Structured and comprehensive onboarding, including one-on-one mentoring
Access to a substantial training and development budget, with diverse internal and external learning opportunities
A unique chance to build and shape a new actuarial risk team
Broad actuarial exposure across life, health, and pension lines
A supportive and people-focused international work culture, based in Budapest
Competitive salary package, including comprehensive health insurance, cafeteria plan, and AYCM sport card
A modern, centrally located office with excellent facilities
Clear pathways for career advancement and long-term professional growth