WHO WE ARE?
Cigna is a global health service company dedicated to helping people improve their health, well-being and sense of security. We are +40.000 employees who serve customers around the world and ranked 79# on 2016 Fortune 500 list. Our mission is to understand our customers and work together to help them achieve, more secure lives.
Our multinational company provides health insurance services around the world. We’re passionate about helping people improve their health, well-being, and sense of security. We started over 200 years ago and we continued to innovate and expand ever since. We focus on the unique needs of Intergovernmental (IGO) and Nongovernmental (NGO) organisations, as well as the needs of multinationals in Europe and Africa.
Description de la fonction
PURPOSE OF JOB
To develop, maintain and document the internal capital model to Solvency II standards and provide all capital related deliverables for Cigna Europe
To drive quantitative initiatives (from a risk standpoint) to address business needs and regulatory requirements covering all aspects/Pillars of Solvency II.
Compiling, assessing and reporting risk information to the CRO.
Ensuring that Cigna Europe’s activities comply with relevant legislation and regulation
The role is centered upon the development and implementation of Cigna Europe’s Capital Modelling Capabilities. The role holder is responsible for the development of the capital model to meet SII standards and ORSA requirements as well as deliver capital projections. Specific responsibilities include:
Support and drive the maintenance of the internal model for regulatory purposes for solo insurance undertakings and Group.
Leading the methodology / calibration / parameterization and testing of all internal models used
Facilitation of internal / external model validation Lead the internal model validation process and manage the external model validation.
Give support and to the Actuarial Function in its activities of Review.
Develop and produce model documentation and PIM outcomes quantitative (including PIM outcomes, Balance Sheet valuation, VNB, EV, liquidity) reporting.
Developing, managing and refining quantitative risk reporting which meets the needs of the Chief Risk Officer/ Comité de Direction, in order to support effective decision making.
Formulating and articulating a coherent risk appetite and infrastructure, including operating and financial models.
Continuously developing, embedding and monitoring the quantitative risk framework for managing risks across Cigna, ensuring that governance processes are fit for purpose.
Working closely with the CRO, Audit/ Treasury/ Finance/ Actuarial/ Underwriting/ Reinsurance leaders, other executive and non-executive committee members to achieve Cigna Europe targets/ needs.
Providing support to corporate governance systems and committee structures and reviewing and confirming investment/ underwriting and reinsurance processes.
Embedding a positive culture of confident and informed risk-taking through training, communication and promotion of the agreed risk framework within the risk team.
Qualified actuary with a strong quantitative academic background.
At least 5 years of expertise in Solvency II (development, execution, validation of internal model). Experience within business team as Head of Actuarial would be a strong asset.
Good knowledge of actuarial software and Office suite would be an asset.
Skilled communicator with the ability to influence and motivate others.
Proven ability to manage team with various highly skilled profiles.
English and either French or Dutch.