You’ll work closely with colleagues across data, commercial, and finance—bringing together technical insight and commercial thinking in a fast-paced, collaborative environment. It’s an opportunity to apply your insurance background in a new context, with real influence and meaningful outcomes.
Role Description:
We're looking for an experienced Insurance Actuarial Risk Manager who will lead the design and oversight of risk costing, monitoring, stress testing, and risk transfer for all protection products globally. To act as the accountable owner for core loss-ratio KPIs and the interface with senior stakeholders, brokers, and governance forums
Key Job Responsibilities and Duties:
Risk Costing & Modelling
Lead development of risk costing methods for protection products (e.g. CFAR, Property Damage, etc)
Own assumptions, costing logic, and governance for limits and adjustments
Validate ML (machine learning) outputs with interpretable frequency × severity frameworks
Supervise associate model validation and documentation
Monitoring & Stress Testing
Define and oversee monitoring suite (loss triangles, CAT exposure dashboards)
Own stress test design and escalation thresholds
Lead reporting to risk governance forums
Present findings with recommendations
Reinsurance & Capital Strategy
Design retention strategy, advises on stop-loss/captive needs
Lead engagement with brokers, reinsurers, and finance
Write risk transfer committee papers and capital implications justifications
Governance & Process
Drive model governance, assumptions documentation, version control
Lead internal audit prep and methodology reviews
Co-chair exposure/financial risk governance meetings
Stakeholder Engagement
Partner with Commercial, Finance, and Data Science to align on cost and exposure
Represent risk in cross-functional forums and leadership updates
Translate technical findings into actionable product guidance
Leadership & Development
Designs and leads a small, high-impact risk function focused on protection products
Manage, mentor, and develop junior team members, setting clear goals and delivering structured feedback
Shape team operating model, ways of working, and hiring profiles to support growth and scalability
Champion a proactive, scalable risk culture across cross-functional stakeholders
Qualifications & Skills:
Technical Skills
Strong command of GLMs, credibility theory, and scenario modelling
Comfortable interrogating black-box ML outputs and combining with actuarial logic
Solid SQL and Excel skills; experience translating models into frameworks
Risk Transfer Exposure
Experience in reinsurance or captive structuring
Able to lead broker/partner negotiations and evaluate cost-benefit trade-offs
Process & Governance
Passion for documentation, transparency and auditability
Owns model version control, governance process, and risk audit readiness
Cross-Market Exposure
Experience operating across jurisdictions and adapting to different market practices
Confident navigating multi-stakeholder settings
Communication & Influence
Able to explain technical assumptions and outcomes to executive and non-technical stakeholders
Proven track record working cross-functionally in commercial settings
Ownership & Impact
Operates independently, sets strategic direction, accountable for outcomes
Confident in building and defending business cases
Mindset & Behaviours
Self-starter, entrepreneurial and proactive
Risk minded with strong business judgement and commercial understanding
Thrives in fast-paced, ambiguous environments
Education & Knowledge
Bachelor's degree
Fully qualified actuary (FIA, ASA/ACAS, or equivalent)
CFA/FRM with strong quantitative focus also considered
10-15+ years in insurance pricing, reserving or portfolio analytics
Exposure to travel, P&C, warranty or affinity lines
Booking.com’s total rewards philosophy is not only about compensation but also about benefits. Our rewards are aimed at making it easier for you to experience all that life has to offer — all the messy, beautiful, and joyful bits — on your terms. So you can focus on what really matters. We offer competitive compensation as well as thoughtful, valuable, and even fun benefits which include:
A great, brand new office to in the heart of Amsterdam
29 days’ paid holiday plus bank holidays
On-site meals, coffee, and snacks, including healthy and vegan options
Health & well-being benefits such as mental health support, access to health insurance, etc.
Employer contribution pension
Industry-leading parental leave and adoption leave
From day one of your employment with us, we offer 22 weeks’ fully paid leave for all new parents, regardless of gender or the way you become a parent
Great discounts on accommodation, car rentals and other group benefits
Carer’s leave. 10 days’ fully paid leave per year for colleagues who are caring for ill family members.
Hybrid Working (NL): We believe in office attendance at least 40% of your time whilst empowering you with the flexibility to plan where to do your best work
Pre-Employment Screening
If your application is successful, your personal data may be used for a pre-employment screening check by a third party as permitted by applicable law. Depending on the vacancy and applicable law, a pre-employment screening may include employment history, education and other information (such as media information) that may be necessary for determining your qualifications and suitability for the position.
