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Model Validation job in Hungary

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Hungary Aegon

Job Ref:  2134555051
Employer:  Aegon
Sector:  Pensions/Retirement
Qualifications:  Unclassified
Software:  Prophet
MoSes
R
Python
VBA
Job Type:  Full Time
Salary and Benefits:  Competitive
Remote:  No

Location

Country:  Hungary
City:  Hungary
Post Code:  Not specified
Map: 

Description

Aegon is an international financial service holding company headquartered in The Hague, the Netherlands. Our ambition is to build leading businesses that offer their customers investment, protection, and retirement solutions. Our purpose is to help people live their best lives, which goal runs through all of our activities. The company has multiple locations across the globe, with core markets in the UK and the US, partnerships in Spain & Portugal, Brazil, and China and an Asset Management organization with locations in UK, US, NL and Hungary. In the Netherlands, Aegon generates value via a strategic shareholding in a market leading insurance and pensions company.

Aegon Global Business Solutions Center is supporting these businesses with IT, Finance, Risk, Model Validation, Actuarial, Audit and Asset management services with a growing team of approx. 300 people, based in Budapest, Hungary.

Transamerica is a leading US life, health and pension insurance company (within the top 10 life insurer on the US market) with a seasoned history. As of June 2023, the company maintains an Available Capital of USD 6.3 billion and boasts a workforce of approximately 10.000 employees.

Purpose of the job

Review and validate various actuarial models within Aegon and its subsidiaries, in close cooperation with local model owners or validation teams depending on the line of defense, based on approved methodology and in line with defined maturity levels for each key element of Transamerica's and Aegon's internal framework, to provide assurance on the integrity of models used and ensure models are well developed, tested, controlled, and kept in a secure environment. There are several teams working on model validation focusing on different Business Units.

What we are looking for
  • Experience in the life, health or pension actuarial field either in a corporate or consultancy setting
  • Proficiency in English
  • Self-starting, pro-active, energized and 'can-do' attitude
  • Technical mindset with a keen mind for problem solving
  • Knowledge of actuarial software (i.e. Prophet, AXIS, MoSes, RAFM) or programming languages (R, Python, VBA) is a plus


What we offer
  • Highly competitive annual pay
  • Actuarial work covering a broad spectrum of life, health & pension of your liking
  • Personal mentoring at the start of your career with us
  • A good work/life balance including annual leave and statutory holidays in accordance with the Hungarian labor regulations
  • Work from home in a hybrid working model
  • Pension and medical plan
  • Yearly training budget, plus a large pool of in-house training to choose from
  • Complex people programs to support your individual and team development
  • An opportunity to work with international offices and businesses, while being based in Budapest
  • And last, but not least: fun and energetic, on the ground and global team!


AGT Hungary IT Services LLC (HUN entity)

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